Sentences with phrase «actual life insurance payout»

Now that you're aware of how the actual life insurance payout process works, you must understand how an ILIT is funded since it's no longer part of your estate.

Not exact matches

The death benefit of universal and variable universal life insurance are tied to the success of investments, so the actual death benefit payout may be less than the policyholder planned to leave his or her family if the investments do not yield the anticipated return.

This option is especially beneficial if you plan on using your life insurance as an income replacement; your family will receive yearly payouts (over 5, 10, 15, or even 20 years) that would mimic the way your actual income comes in.