Sentences with phrase «additional surrender charges»
It is important to note, however, that if your coverage is with a Permanent Life Insurance policy, there may be additional surrender charges and tax consequences involved.
https://lifesourcedirect.com/
They also have to wait six, eight or even 10 years after entering the contract before they can withdraw money from the account without additional surrender charges.
Not exact matches
2 Expenses for a contract with a bonus may be higher than for a contract without a bonus, the amount of the credit may be more than offset by additional fees and charges associated with the bonus, and the surrender periods may be longer than those of a non-bonus annuity.
2 Expenses for a contract with a bonus may be higher than for a contract without a bonus, the amount of the credit may be more than offset by additional fees and charges associated with the bonus, and the surrender periods may be longer than those of a non-bonus annuity.
The Market value adjustments (MVA) may be an additional penalty on top of your surrender charge or CDSC percentage due to bond market losses due to rising interest rates.
Face Amount increases may require additional underwriting and Face Amount decreases may be subject to surrender charges.
Investors might also pay markups, due when a brokerage sells securities from its inventory at a price higher than the market rate; sales loads, sometimes assessed when you make or sell an investment; surrender charges, imposed when someone pulls out of an investment early; investment advisory fees, which are what Mr. Five Percent wanted to charge me; and 401 (k) fees, additional expenses for operating and administering retirement plans that employees pay on top of fund management fees.
If the policyholder surrenders his policy after completing 5 policy years, then the entire fund value as on the date of surrender is payable without any additional charges applicable.
Face Amount increases may require additional underwriting and Face Amount decreases may be subject to surrender charges.
The base insurance premium charges and surrender / discontinuance charges for the additional insurance death benefit are guaranteed for the policy term.
I mean if i surrender the policy after 10 years i will not be charged any additional charges.
If the insured terminates or surrenders his plan after completing 5 years then the Total Fund Value as on the date of surrender is paid without any additional charges over it.
If the insured surrenders his plan after completing 5 years with his plan, then he is paid the entire Fund Value without any additional charges.
If the insured surrenders his plan after completing 5 years, then the complete fund value as on the surrender date is paid to the insured with no additional charges applicable.
If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any additional charges.
In a case, if the insured chooses to discontinue his plan after completing 5 years, then the entire fund value as on the date of surrender shall be paid to the insured without any additional charges applicable.
However, on surrender of the basic policy to which this rider is attached, provided all the due premiums in respect of this rider have been paid, additional rider premium charged in respect of cover after PPT shall be refunded as follows:
And when you decide you don't want the «term» policy anymore, simply surrender the policy and receive a full distribution of your accumulated cash value without any surrender charges; on the other hand, if it turns out that you do need the policy for longer than the original term time horizon, you have a permanent policy that can be maintained and receive additional deposits as necessary, without the hassles and hazards of seeking out a term conversion.
If a policy with accident benefit rider option is surrendered after attaining surrender value, then a part of the additional premium charged for providing cover after the premium payment term that is after 20 years of policy will also be refunded by us in case of permanent disability due to accident.
Some additional benefits are a 14 year declining surrender charge rate.
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.