Sentences with phrase «accumulate cash value depends»
The length of time that it takes for a life insurance policy to start to accumulate cash value depends on the type of policy.
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In later life stages, permanent life insurance may offer, depending on the type of policy, the opportunity to accumulate cash value on a tax - deferred accrual basis, money that can be used for diverse needs.
Depending on your policy's potential cash value, it may be used to skip a premium payment, or be left alone with the potential to accumulate value over time.
The rate at which you accumulate cash value and the premium you pay depends on which type of policy you choose:
In later life stages, permanent life insurance may offer, depending on the type of policy, the opportunity to accumulate cash value on a tax - deferred accrual basis, money that can be used for diverse needs.
This policy is issued to those aged 40 — 85, providing death benefits (from $ 2,500 to $ 50,000 depending on underwriting status), immediate full death benefit and level premiums, with accumulating cash value that can be accessed through policy loan or cash surrender.
The cash value within a life insurance policy can accumulate somewhat differently — depending on the type of policy that you own.
Cash value interest or earnings accumulate tax - free or tax deferred, depending on whether gains are distributed at death or during lifetime.