Sentences with phrase «acts as a universal life»

Acting as a universal life policy, the pricing and structure of the Protective Custom Choice UL plan is similar to a standard term life insurance policy and a great fit someone looking for keeping a decreasing amount of coverage after the end of the selected term.

Not exact matches

Behind the argument lies the uncomfortable feeling that there is an authoritative teaching which dares to confront what Newman termed the «wild, living intellect of man» as well as acting against «that universal solvent which is so successfully acting upon religious establishments.»

The CEP was one of the less publicized gains of the Healthy, Hunger - Free Kids Act (HHFKA), allowing schools to provide universal meals to an entire school based on «direct certification» data, such as how many children live in households receiving food stamps (SNAP benefits), without also requiring annual paper applications submitted by parents.

Some whole life and current assumption universal life policies with a level death benefit, when the maximum premium is paid, can also act as a policy with a no - lapse guarantee.

In the US, it is illegal under the Investment Advisers Act of 1940 to offer Universal Life Insurance as an «investment» to individuals, but it is frequently offered by agents as a tax - advantaged financial vehicle from which they can borrow as needed later without tax penalties.

There's guarantees built into the policy so it acts as a level term policy without an expiration date because Prudential can't raise your rates or bring down your coverage amount where most universal life insurance policies, that's a possibility.

The cost of insurance inside a universal life policy, which acts like an annual renewable term policy, increases as a policyholder ages.

Whole life insurance protects your beneficiaries in your absence and acts as an asset - accumulating tool, while universal life insurance gives you the chance to regulate your insurance coverage in keeping with your current condition.

Since insurance carriers typically pay a greater amount of interest toward the cash value in Universal Life than is paid toward Whole Life insurance, the insurance policy acts as much as an investment vehicle than it does a life insurance polLife than is paid toward Whole Life insurance, the insurance policy acts as much as an investment vehicle than it does a life insurance polLife insurance, the insurance policy acts as much as an investment vehicle than it does a life insurance pollife insurance policy.

Whole life and universal life policies both provide this option, acting as special type of tax - deferred savings account.