Sentences with phrase «accumulation along with the death benefits»
A «Term Life Policy» will pay death benefits only, but if you get a «Permanent» Life Policy», there is also the cash value accumulation along with the death benefits that is also available to the surviving partners and / or heirs.
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Whole life insurance provides a death benefit along with cash accumulation for your lifetime.
The reason for quicker cash accumulation is the higher initial premiums along with a lower starting death benefit associated with this option.
What whole life and universal life insurance share in common is that they both offer death benefits along with a cash value accumulation feature which grows on a tax deferred basis.
Provides both death benefits along with a cash value accumulation portion which grows tax free.
These policies offer cash value accumulation along with the flexibility to modify the time and amount of premiums paid and death benefits paid out.
If you have borrowed against the cash value accumulation while still alive, any amount that has not been re-paid, along with interest, will be deducted from the death benefits when you die.
This is because this coverage provides a type of final expense death benefit protection, along with a tax - advantaged cash value accumulation.