Sentences with phrase «additional accumulated interest»

This not only means lower taxable income for you during the accumulation period, but also additional accumulated interest thanks to the power of compounding.

Not exact matches

A first - year additional interest rate helps to boost your annuity's accumulated value.

In fact, paying the minimum amount each month while continually carrying over an interest - accumulating balance — and probably adding additional charges to the card each month — can ruin your finances.

Racking up too much in debt could easily put you in a situation where you're just paying the additional interest instead of actually paying off your accumulated debt.

If these costs are rolled into the loan, then the balance will clearly accumulate additional interest.

Although the loans were only receiving about 3.5 % in interest, I had accumulated an additional $ 600 of debt within the first year.

«Think of it this way — in an account paying 2.5 percent interest, you would have to accumulate $ 240,000 in savings to get an additional $ 6,000 in income.

Consumer Proposals allow you to reduce the debts you owe, structure the time you have to pay off all your debts, or some combination of both, without accumulating interest or paying additional fees.

Racking up too much in debt could easily put you in a situation where you're just paying the additional interest instead of actually paying off your accumulated debt.

You can pick how you want the dividends to be used: paid out in cash, reduce your premium payments, accumulate interest, or pay for Paid Up Additional insurance (which increases your policy value).

Dividends can be taken in cash, used to reduce the premium, left to accumulate at interest, or used to purchase paid - up additional insurance.

When interest rates or market returns are below average, policies do not accumulate significant cash value, but they won't lapse and additional premiums are not needed.

If you do happen to receive dividends, you could use it to accumulate interest, reduce premiums in the future, purchase additional insurance, or even receive it as cash.

Dividends are either paid in cash, used to purchase paid up additional insurance, or left with the insurer to accumulate at interest (which causes a taxable event).

• Receive Cash — Generally payable annually in the form of a check on the anniversary date of the policy • Use Towards Premiums — Instead of taking the dividends as cash, you can apply the money towards your policy premiums • Let Dividends Accumulate — Means that you accumulate your dividends as interest and can withdraw anytime but will be required to pay taxes on any interest accrued • Buy Paid - Up Options — Means that you can use the dividends to buy additional life insurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a sepaAccumulate — Means that you accumulate your dividends as interest and can withdraw anytime but will be required to pay taxes on any interest accrued • Buy Paid - Up Options — Means that you can use the dividends to buy additional life insurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a sepaaccumulate your dividends as interest and can withdraw anytime but will be required to pay taxes on any interest accrued • Buy Paid - Up Options — Means that you can use the dividends to buy additional life insurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a sepaadditional life insurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a sepaAdditional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separate rider

Dividends can be paid in cash, used to reduce your premium payments, left to accumulate at a specified rate of interest or used to purchase paid - up additional insurance which will increase your face amount of coverage.

The cash value increases as you pay additional premiums and interest accumulates.

This additional premium that is paid by the policyholder, plus the accumulated interest is available to supplement the premiums paid in the policy's latter years when cost of insurance increases because of the age of the policyholder, and thereby allowing the policy to be considered permanent.

The net surrender value is the gross cash value shown in the policy minus any identifiable surrender charges, outstanding policy loans, and unpaid interest on policy loans plus any prepaid premiums, dividends accumulated at interest, cash values attributable to paid - up additions, and any additional terminal dividends.