So not only will the cash
accumulate at guaranteed rates tax free, but dividends and reliable non-guaranteed historically documented returns can enhance accumulation in these policies.
On the death of the life assured, the nominee will receive the death benefit which is the assured Death Benefit of total premiums paid to date
accumulated at a guaranteed rate of 6 % per annum compounded annually.
b) Death Benefit: On the death of insured, the nominee would be paid assured death benefit of total premium paid to date
accumulated at a guaranteed rate of 6 % per annum compounded annually.
Total premiums paid (i.e. Regular Premiums Paid plus Top - Up Premiums paid) to date
accumulated at a guaranteed rate of 6 % per annum from the each of the premium due dates to the date of death.
In case of death of the Annuitant within the Policy Tenure, the nominee will receive the Total Premiums paid to date
accumulated at a Guaranteed Rate of 6 % p.a. compounded annually as Death Benefit which can be taken by the nominee as a lumpsum or as annuity and the policy terminates.
Not exact matches
The money you invest in a MYGA will
accumulate at a fixed
rate, which is specified upfront and
guaranteed for the entire contract.
87.5 % of premium
accumulated at the contract's
guaranteed minimum interest rate (Guaranteed Minim
guaranteed minimum interest
rate (
Guaranteed Minim
Guaranteed Minimum Value).
90 % of premium, adjusted for withdrawals,
accumulated at the contract's
guaranteed minimum interest
rate
Your cash value
accumulates inside your policy
at a
rate guaranteed by the life insurance company.
When you
accumulate over time, you typically get better
rates and the benefits of vesting and compounding, as opposed to investing in a
guaranteed income option
at the point of retirement.»
The
rate will never fall below a contractually -
guaranteed minimum and the
accumulated cash value can be accessed
at any time through policy loans or surrenders.
The
rate will never fall below a contractually -
guaranteed minimum and the
accumulated cash value can be accessed
at any time through policy loans or surrenders.
These types of life insurance plans allow cash value to
accumulate at a floating interest
rate, which a minimum
rate guarantee.
The
guarantee is in effect if the paid premiums accumulated at a specified annual interest rate, such as 3 %, exceeds the applicable number in the Table of Limited No - Lapse Guarante
guarantee is in effect if the paid premiums
accumulated at a specified annual interest
rate, such as 3 %, exceeds the applicable number in the Table of Limited No - Lapse
GuaranteeGuarantee Values.
You don't die and need cash for House, Kids College, Unforeseen Event, you have an
accumulated cash account growing
at a
guaranteed yearly
rate.
The minimum Sum Assured is
guaranteed as an
accumulated value of total premiums paid growing
at a compounded
rate of 0.25 % p.a.
The cash value
accumulates at a minimum
rate guaranteed in the policy, but it may also be more, based upon the investment returns realized by the insurance company.
The cash value that develops in a whole life insurance policy is not «insured» in the sense that it is not
guaranteed to
accumulate at a
rate greater than the minimum
rate set forth in the contract.