Sentences with phrase «accumulation than death benefit»

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.

Not exact matches

These policies are typically selected to secure a permanent death benefit rather than for cash value accumulation.

Our focus on these top whole life insurance companies is on the cash accumulation feature, more so than the death benefit.

This type of universal life insurance focuses LESS than other types of permanent life insurance on cash value accumulation and MORE on securing a permanent death benefit.

Income Advantage is focused on cash value accumulation, rather than death benefit.

Voya IUL offers death benefit protection and market index cash accumulation at a guaranteed interest rate, providing higher growth potential than tradition universal life plans.

Particularly when we are focused on a death benefit, rather than cash value accumulation, a relatively small sum of money can purchase a large death benefit.

As a secondary focus, sometimes a term life policy rider is added to a policy to add death benefit, rather than adding it to the whole life policy at the expense of cash value accumulation.

The cash value accumulation generally does not equal the amount of death benefits and premiums are more expensive than other equivalent standard life insurance policies.

Of course it follows that Universal policies cost much more than term because they provide lifetime coverage, death benefits and guaranteed cash value accumulation.

Answer: Those who wish to purchase the annuity from surrender or death benefit of the pension accumulation plan offered by the company then the minimum entry age needs to be less than 50 years and the minimum purchase price can be less than Rs. 1,00,000.

Death benefit amounts of whole life policies can also be increased through accumulation and / or reinvestment of policy dividends, though these dividends are not guaranteed and may be higher or lower than earnings at existing interest rates over time.

Whole life insurance is far more expensive than term insurance because of the built - in guarantees for the death benefit, the premiums and the interest rate applied to cash value accumulation.

Income Protection Agreement — provides an irrevocable settlement option, that pays the death benefit over a period of years, which provides for greater cash accumulation and a benefit stream for beneficiaries (rather than a lump sum).

This type of universal life insurance focuses LESS than other types of permanent life insurance on cash value accumulation and MORE on securing a permanent death benefit.

Particularly when we are focused on a death benefit, rather than cash value accumulation, a relatively small sum of money can purchase a large death benefit.

These policies are typically selected to secure a permanent death benefit rather than for cash value accumulation.

In case of purchase of annuity from death / surrender benefit proceeds of the pension accumulation plan of the Company: The minimum entry age can be less than 50 years and the minimum purchase price can be less than Rs. 1,00,000.