Sentences with phrase «accumulate cash value quickly»
The purpose of purchasing paid - up additions is to accumulate cash value quickly.
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On top of that, a «regular» whole life insurance policy might not accumulate cash value quickly in a low - rate environment.
The purpose of purchasing paid - up additions is to accumulate cash value quickly.
Not exact matches
Cash values accumulate quickly when the insured person has many years left to live.
The cash values accumulate more quickly because of the higher initial premiums and lower initial death benefit.
A survivorship policy is generally more cost - effective than two separate policies, giving you the potential to have your cash value accumulate more quickly over time.
The other thing they don't talk about is the fact that if you do happen to borrow from the cash value (which doesn't accumulate very quickly), you either have to pay it back or the loan plus interest will be deducted from your death benefit if you keep the policy until then.