Sentences with phrase «accumulated over the policy term»

These bonuses are accumulated over the policy term and are paid on maturity.

Not exact matches

The main difference between term life and permanent insurance is that term insurance only pays death benefits to your beneficiaries, while permanent life insurance pays out death benefits and accumulates cash value which will continue to build up over the life of the policy.

Whole life insurance is life insurance coverage that is life - long and accumulates a cash value, which explains why you're going to be paying about 10x more for a whole life policy over a term policy.

Permanent policies also accumulate cash value over time, while term policies do not.

The main differences between term and permanent life insurance are that permanent life insurance is in force for your entire life (as long as you pay the premiums) instead of a certain «term,» and permanent insurance accumulates cash value over the life of the policy.

To illustrate the problem with accusing judges of bias, given the term's various meanings, the article focuses on recent federal litigation over NYC police stop - and - frisk policy in which (1) the district judge found «implicit bias» in police practices based on accumulated evidence and expert analysis, (2) the Second Circuit found that the district judge engaged in disqualifying judicial bias because of her comments in a prior related lawsuit and in the media, and (3) critics accused the Second Circuit of bias in making decisions that were hard to justify on either procedural or substantive grounds.

While a permanent policy is always a possibility, and it will accumulate a cash value over time, a term life policy is a simple solution for this type of payout.

Whole life insurance is life insurance coverage that is life - long and accumulates a cash value, which explains why you're going to be paying about 10x more for a whole life policy over a term policy.

When a company pays premiums into a permanent (non term) key man insurance policy a cash surrender value begins to accumulate over time.

The death benefit and policy premium are fixed and unlike term insurance, this coverage has a cash value which accumulates over time.

The premiums you pay for permanent life insurance are much higher than for term life, but the payoff is that your policy accumulates cash value over time.

Deferred Annuity: IA deferred pension scheme allows you to accumulate a corpus through normal charges or single premium over a policy term.

Most permanent policies also having a savings feature, which accumulates value over time depending on the terms of the policy.

Policy premium payments are typically fixed, and, unlike term, whole life has a cash value, which functions as a savings component and may accumulate tax - deferred over time.

You can secure a term policy or a guaranteed universal life insurance policy that does not accumulate a cash value and save the money you have built up over the years before it's completely gone.

Permanent policies also accumulate cash value over time, while term policies do not.

The main differences between term and permanent life insurance are that permanent life insurance is in force for your entire life (as long as you pay the premiums) instead of a certain «term,» and permanent insurance accumulates cash value over the life of the policy.