Sentences with phrase «accumulation account based»
Universal life insurance can offer the best of two worlds — a fixed amount of coverage with a tax - deferred, cash accumulation account based on current interest rates.
https://www.columbuslife.com/ Not exact matches
Fixed interest rate annuities provide that the contract earns interest during the accumulation period at a rate of interest set by the insurance company based upon the performance of the company's general portfolio account.
During the accumulation phase, the account will be set up to grow cash value based upon the formula selected by the annuity owner.
The cash value accumulation in variable universal life policies is tied to the performance of a variety of separate market based accounts similar to mutual funds.
You can keep your money within the superannuation system and transfer it from an accumulation fund to an account - based pension.
Transferring your accumulation account to an account - based pension account means you will continue to receive a regular income.
This is usually done by transferring money from an accumulation super account to an account - based pension account, after you have reached your preservation age.
Most super fund members transfer all or most of their accumulation account to an account - based pension so that they can continue to receive a regular income after they have stopped working.
The bonus is based on the accumulation of funds in the Upromise account and will be automatically deposited into the Sallie Mae savings account.
The accumulation value of a variable annuity is based on the performance of the separate accounts (aka: mutual funds) offered by the specific product.
Jill still has her original account - based income stream (now with a reduced value) in the retirement phase, and has $ 800,000 in accumulation phase.
They both have account - based pensions and accumulation interests.
Jill partially commutes $ 800,000 of her account - based income stream on 1 July 2017, retaining it in the accumulation phase, and continues receiving the reversionary death benefit income stream valued at $ 800,000.
I've tended to prefer term insurance for death benefit needs and traditional, portfolio - based (meaning investment returns are driven by the insurance company's general portfolio / account) whole life insurance with a mutual insurance company for permanent death benefit and cash accumulation needs.
The amount you can borrow is based on the value of the policy's cash - accumulation account and the contract's terms.
The cash value accumulation in variable universal life policies is tied to the performance of a variety of separate market based accounts similar to mutual funds.
In the earlier years of the policy's coverage, the policyholder pays a premium higher than the cost of insurance, and the balance of the premium is placed in an accumulation account that earns interest on a tax - deferred basis.