Sentences with phrase «amounts of universal life»

So let's break this into four groups and four good reasons for women to consider at least carrying some term insurance and in some cases small amounts of universal life and whole life.

To determine the amount of Universal Life Insurance you require, use our benefits calculator.

To determine the amount of Universal Life Insurance you require, use our benefits calculator.

As an example, you can have a 20 year Term plan along side a smaller face amount of Universal Life.

Not exact matches

Indexed universal life also provides you with protection from negative market returns since zero is the lowest amount of interest that can be credited to your policy.

The cash value of a universal life insurance policy accumulates based on the amount of premium paid, monthly deductions for policy costs and an interest rate that is declared by the insurance company.

However, while a whole life policy offers dividends that can grow above and beyond a normal interest rate, a universal life policy will only pay a set amount of interest each year.

Not only do we live in a universe where only a infintismal amount of it is actually «finely - tuned» for life, but you seem to think that the universal laws somehow ties in with this concept of fine tuning,»

To help the system deal with the increasing amount of people living longer the report suggests a set of universal standards the state guarantees to provide and a new payment system which will help more people die at home rather than in hospital.

The Hasidic Jews» traditional dress may serve as a barrier on the street, and the film does indulge itself occasionally in playing on the incongruity of the suited and hatted men making their way around modern New York, but seeing the generalities of life reflected in such a particular setting amounts to a genuinely powerful insight into some of the universal themes of love, sacrifice and (gentle) self - improvement that are here handled with a charmingly light touch.

Whole life and conventional universal life's cash values in the early years are dependent on the amount of first - year expenses.

Finally, the amount of early whole life and conventional universal life cash values can be improved by buying low - expense versions.

Since a universal life insurance policy's premiums are split between the cost of coverage and the cash value, you can choose how much you pay so long as it falls between the minimum and maximum premium amounts.

Indexed universal life also provides you with protection from negative market returns since zero is the lowest amount of interest that can be credited to your policy.

Variable universal life insurance is going to give you the least amount of flexibility in how much you can change your premiums, but it will also give you the highest cap on how much growth you can get from the cash value.

However, while a whole life policy offers dividends that can grow above and beyond a normal interest rate, a universal life policy will only pay a set amount of interest each year.

In most indexed universal life insurance policies, the new cash value of this subaccount then becomes the baseline for the next year when calculating the amount that will be credited to your account.

Universal Life also covers you for your whole life, 1 but gives you more flexibility — letting you change the amount of life insurance you get over time3 while still giving you benefits you can use during your liLife also covers you for your whole life, 1 but gives you more flexibility — letting you change the amount of life insurance you get over time3 while still giving you benefits you can use during your lilife, 1 but gives you more flexibility — letting you change the amount of life insurance you get over time3 while still giving you benefits you can use during your lilife insurance you get over time3 while still giving you benefits you can use during your lifelife.2

Adding complexity to the way universal life insurance works is the fact that this type of coverage offers flexible premiums — as in, the amount you pay into your policy can fluctuate from year to year.

Since indexed universal life insurance is a type of universal policy, the amount you need to pay each month isn't fixed.

With universal policies (universal life and variable universal life) you can reduce or increase the amount of the death benefit and vary the amount or timing of premium payments, subject to certain limitations.

Universal life insurance provides more flexibility by allowing you to deposit above and beyond the minimum amount required for the cost of insurance up to a certain amount, allocating the excess into an investment account.

Typically, a universal life insurance policy holder may adjust — within certain limits — the death benefit amount, as well as the timing and the amount of their premium.

Universal life insurance policies offer flexible premiums that may allow you to adjust how much you'll pay each year by accessing some of the policy's cash value (though you will need to pay the minimum premium amount or the policy will lapse).

As a result, universal life insurance premiums are typically lower during periods of high interest rates than whole life insurance premiums, often for the same amount of coverage.

One note about Universal Life - you can decide on your premium amount to fit your financial circumstances — but if you pay too low of an amount for too long, the policy could lapse, leaving your family unprotected.

Most universal index life insurance policies come with a guarantee that you will be credited a certain amount each year — regardless of how well the index does.

What is different between whole life and universal life is that with whole life, premiums and the amount of the death benefit are fixed.

You can vary the amount of your premium with universal life insurance policies by using part of your accumulated earnings to cover part of the premium cost.

Some carriers offer guaranteed universal life insurance options and adjust the amount of the premium higher while making the policy amount lower, so that in addition to offering a guaranteed death benefit, the policy almost immediately begins to generate a larger cash value.

One other key difference between a universal life policy and a whole life policy is that with a whole life policy, interest rates that help grow the amount of the cash in the policy are adjusted once a year.

A variable universal life insurance policy takes the best (or worst, depending on how you look at it) of the other two policies: you can adjust the premium and death benefit amount while investing the cash value in the policy's sub-accounts.

But there's a twist: the policyholders of universal life policies can change the premium and death benefit amounts without getting a new policy.

There is no universal formula, and the amount you need depends on your family's living expenses and other sources of income.

A unique feature of universal life insurance is it gives policyholders a surprising amount of flexibility with the premium payments and death benefit.

Death benefit amounts can sometimes vary year to year depending on the type of policy (universal or whole life) that is purchased.

Universal Life policies give you the ability to adjust the premium amount and benefit amount over the term of the policy.

In some policies, such as universal life and variable life, you have some options to alter the amounts, but essentially your premium gets used to pay for three major components of the policy:

Should your insurance needs change over time, Variable Universal Life usually provides the flexibility to increase or decrease your amount of coverage.

Decreasing Term Insurance is almost always cheaper than Whole and Universal life insurance of the same coverage amounts.

Variable universal life is much like universal life but instead of the cash value amount being invested in a safe low - interest - bearing account or utilizing an index option, a variable universal life policy is invested in higher risk opportunities like mutual funds or stock funds.

Term life insurance awards a fixed amount of money at the death of the policyholder, and universal life insurance policies offer this as an option.

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.

Universal Life Insurance is a type of Permanent life insurance that offers permanent coverage with a certain amount of built - in flexibilLife Insurance is a type of Permanent life insurance that offers permanent coverage with a certain amount of built - in flexibillife insurance that offers permanent coverage with a certain amount of built - in flexibility.

Universal life provides a death benefit, and cash value build up, however, these policies are more flexible than whole life, as the policyholder may (within certain guidelines) alter the timing and the amount of the premium payment.

On a whole life and universal policy, the cash value is generally guaranteed to grow at a minimum amount of interest.

The premiums for guaranteed universal life insurance policies will be less expensive than whole life insurance, coverage amounts are flexible, and a guaranteed universal life insurance policy can be structured to provide final expense coverage up to age 90, 95, 100, and even 121 years of age.

Universal life insurance offers permanent coverage with a certain amount of built - in flexibility.

Universal life offers the flexibility to pay premiums at any time and in any amount (subject to some limits) as long as the policy expenses and cost of coverage are met.

A universal life insurance policy, also known as a permanent policy, is a flexible type of life insurance that allows the policyholder to adjust the premium and amount of coverage.