Sentences with phrase «accumulation on a whole life policy»

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To set the stage for this Top 10 guide... OUR best dividend paying whole life insurance companies article includes some «stand out» companies that offer advantageous platforms for maximizing cash value accumulation while simultaneously allowing flexibility for taking policy loans on life insurance further enhancing ongoing policy performance.

Further, a properly structured participating whole life policy will focus more on cash accumulation than death benefit, which allows for lower premiums and fees, and quicker cash accumulation.

On an annual basis the insurance company or agent will assess the progress of your whole life insurance policy in reference to cash value equivalency accumulation, financial stock performance, if applicable, and so oOn an annual basis the insurance company or agent will assess the progress of your whole life insurance policy in reference to cash value equivalency accumulation, financial stock performance, if applicable, and so onon.

While both are permanent insurance policies, the difference between whole life and universal rests largely on the cash value accumulation process.

A universal life contract provides access to cash value accumulation like that of a whole life policy; however, cash value within a universal life policy includes a guaranteed minimum interest rate plus an additional interest payment if and when the life insurance carrier experiences higher returns on its own investments.

This is because there is a guaranteed cash value accumulation component to the whole life policy, on top of the regular insurance portion.

The whole life policy through Guardian offers guaranteed premium, cash value accumulations, potential dividend payments and tax benefits such as being able to defer paying taxes and the dividends accumulating on your policy.

What differentiates an Indexed UL policy from other types of permanent life insurance used for cash accumulation is that the growth of the policy's cash value is based on the performance of an equity index (usually the S&P 500), excluding dividends, collared by a cap and a floor — rather than based on a flat crediting rate that is established by the insurance carrier and adjusted from time to time (a product referred to as «current assumption universal life»), based on a flat dividend rate that is established by the insurance carrier and adjusted from time to time (a product referred to as «whole life»), or based on the actual investment returns of specific equity investments (a product referred to as «variable universal life»).