Sentences with phrase «accumulate cash value during»

Some types of life insurance policies, including whole life, universal life and variable life, can accumulate cash value during the policyholder's lifetime.

Not exact matches

During the first several years of coverage, there are surrender charges, so you wouldn't get the entire accumulated cash value.

You can change the death benefits during the life of the policy, usually after passing a medical examination, and you can pay premiums from your accumulated cash value.

This means that the insurance company only had to pay out $ 300,000 at the time of your death, because you had accumulated $ 200,000 in cash value during the life of the policy.

For example, while whole life policies do provide a guaranteed death benefit, they also generally accumulate significant cash value that can be accessed during the insured's lifetime.

During times of high interest rates, those with universal life might see their cash values accumulate faster than those with whole life policies.

Cash value accumulates and can be accessed during your lifetime.

Cash value accumulates as well and can be accessed during your lifetime.

Being a Permanent Life Insurance plan, Variable Life Insurance accumulates cash value and allows minimizing income tax exposure during lifetime and upon the insured's death.

During the first several years of coverage, there are surrender charges, so you wouldn't get the entire accumulated cash value.

Transamerica understands that one size does not fit all and, with that in mind, they work with policyholders to accomplish goals such as insuring their family during working years, accumulating cash value, or protecting them from future medical and estate taxes.

The accumulated cash value of a whole life policy could become a security blanket during life's ups and downs.

Cash - value life insurance is a type of life insurance policy that pays out upon the policyholder's death, and also accumulates value during the policyholder's lifetime.

An indexed universal life insurance policy accumulates a cash value that you can access during your lifetime and pays a death benefit.

When you purchase a term life insurance policy, you have the policy for a certain amount of time (for example, 20 years), and during that time it doesn't accumulate any cash value.

These policies accumulate cash value because the periodic premium you pay is actually more than the cost of insurance during the early years and less than the cost of insurance in the latter years.

Plus, since the whole life policy accumulates cash value over time, the insured could have accessed it tax - free during a financial emergency.

Whole life insurance also accumulates a cash value, which can be accessed by the owner, during the life of the policy.

During these calculations, actuaries determine the cash value accumulated in the policy at the beginning of the year.

A portion of your payments gets accumulated as cash value which can be used for retirement or can be borrowed against as a loan during the life of the policy.

The disadvantages include not accumulating enough cash value during the first few years and restrictions on cash withdrawals.

That's because permanent life insurance will pay a death benefit no matter when you die, and it accumulates cash value that you can access during your lifetime.

Cash value interest or earnings accumulate tax - free or tax deferred, depending on whether gains are distributed at death or during lifetime.

Premiums are paid from the accumulated cash value within the policy during this period.