Sentences with phrase «as a universal life policy»

Many policies also offer you the option of converting your term policy into a permanent life insurance policy such as a universal life policy.

Namely, the genre of permanent life insurance known as universal life policies DO NOT pay dividends (at least to my knowledge to date).

The marketplace is filled with a number of choices including term, whole life, as well as universal life policies.

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.

Many policies also offer you the option of converting your term policy into a permanent life insurance policy such as a universal life policy.

The two main types of policy are term life and whole life or cash - value policies, also known as universal life policies.

Namely, the genre of permanent life insurance known as universal life policies DO NOT pay dividends (at least to my knowledge to date).

Other types of life insurance such as universal life policies, discussed above, offer flexible premium plans that may be more appropriate for those who need it.

Often shortened to VUL, this insurance policy from Horace Mann is exactly the same as the universal life policies we've already seen in regards to payment flexibility and adjustable death benefit.

Survivorship Life Policies are normally Permanent Life Policies, such as Universal Life Policies or Whole Life Policies.

Other types of permanent insurance (such as universal life policies) often provide the owner with options that focus on how excess premiums are invested, resulting in a higher return.

Not exact matches

«If you have ample funds and are looking to get rid of a little every month, it would not be irrational to buy a whole - life, universal - life or variable - life policy, where the cash value grows income tax - free as long as the policy is held until death,» Hunt said.

The key to the successful use of universal life coverage is paying attention to your policy and adjusting as needed.

Permanent life insurance policies, such as whole and universal life insurance, offer lifelong coverage and typically have a cash value component.

Permanent insurance, which includes whole life and universal insurance policies, is for life: It provides a death benefit for as long as you pay the premium, but also may include cash value that can be accessed during the insured person's lifetime.1

Universal life insurance is a flexible type of permanent life insurance policy in which the death benefit and premiums can be adjusted as your circumstances change.

As an indexed universal life insurance policy, Lifetime Builder Elite calculates and credits interest based, in part, on the upward movement of major stock market indices.

Guaranteed universal life insurance, on the other hand, is essentially a term life insurance policy that lasts until you reach a certain age (such as 90, 100 or 121).

(1) to protect and promote breastfeeding, as an essential component of their overall food and nutrition policies and programmes on behalf of women and children, so as to enable all infants to be exclusively breastfed during the first four to six months of life; (2) to promote breastfeeding, with due attention to the nutritional and emotional needs of mothers; (3) to continue monitoring breastfeeding patterns, including traditional attitudes and practices in this regard; (4) to enforce existing, or adopt new, maternity protection legislation or other suitable measures that will promote and facilitate breastfeeding among working women; (5) to draw the attention of all who are concerned with planning and providing maternity services to the universal principles affirmed in the joint WHO / UNICEF statement (note 2) on breastfeeding and maternity services that was issued in 1989; (6) to ensure that the principles and aim of the International Code of Marketing of Breastmilk Substitutes and the recommendations contained in resolution WHA39.28 are given full expression in national health and nutritional policy and action, in cooperation with professional associations, womens organizations, consumer and other nongovermental groups, and the food industry; (7) to ensure that families make the most appropriate choice with regard to infant feeding, and that the health system provides the necessary support;

In the way the city's criminal justice coordinator works to set and develop policy, so would the civil justice coordinator — and Mr. Levine said his goal would be scaling up to a universal right to counsel in cases that could be potentially life - altering, such as eviction, custody matters, and deportation hearings.

At certain points during the period of coverage, you can convert your term policy to a permanent life insurance policy (such as a whole life insurance policy or universal life insurance policy) and premiums are determined by your original health rating.

If you are looking for a life insurance policy as an investment vehicle, you may want to consider a permanent life insurance policy, such as whole life insurance or universal life insurance.

Policies such as variable universal life insurance combine components of the above, blending the investment flexibility of variable life with the ability to use the cash value to pay monthly premiums offered in universal life.

But as we will see, variable universal life policies are very different.

Each time you pay premiums for a cash value life insurance policy, such as a whole or universal life insurance policy, part of the premium is put towards the cash value.

Almost all clients view variable universal life as similar to whole life and universal life, buying these policies for family protection or associated with estate planning.

Cash value: This includes the cash value accumulated within a universal life or whole life policy, as well as the value of any segregated funds.

Indexed Universal Life Insurance ties policy growth to a selection of market indexes such as the S&P 500

Generally, most second to die policies are offered either as guaranteed universal life OR indexed universal life policies.

Universal life policy returns depend upon the type of product selected and may be either guaranteed, tied to a market index OR depend upon the success of the financial markets, and investments vehicles such as mutual funds.

Variable Universal Life Insurance ties policy growth to investments in the financial markets such as mutual funds or even hedge funds

If you can afford to pay a little more for your coverage, you can lock in a rate on a permanent life insurance policy, such as whole life or universal life.

Investing in other life insurance policies such as universal life and whole life, which are designed to accumulate cash, have other problems.

Sagicor's indexed universal life insurance is fairly standard as compared to policies from other insurers.

If you are considering permanent life insurance — such as whole life, universal life, or variable life insurance — you probably know that these types of policies provide both death benefits and cash value accumulation.

Also, as permanent insurance, the cash value account in universal life grows tax - deferred and can be accessed by the policyholder in the form of loans or withdrawals, subject to any applicable policy provisions.

Variable Universal Life (VUL) is defined as a type of permanent insurance policy, in which the cash value can be invested into different accounts consisting, for example, of stocks, bonds and mutual funds.

As with their whole life policies, Northwestern Mutual's universal policies are participating, meaning you are eligible to receive dividends.

Variable Universal Life (VUL) is another permanent life insurance type that offers similar features to other universal life policies, such as flexible allocation of premium Universal Life (VUL) is another permanent life insurance type that offers similar features to other universal life policies, such as flexible allocation of premium paymeLife (VUL) is another permanent life insurance type that offers similar features to other universal life policies, such as flexible allocation of premium paymelife insurance type that offers similar features to other universal life policies, such as flexible allocation of premium universal life policies, such as flexible allocation of premium paymelife policies, such as flexible allocation of premium payments.

However, for long term estate tax planning for liquidity, a guaranteed universal life policy should be considered as minimum protection due to the rising cost of term insurance over a lifetime.

John Hancock has 4 different survivorship policies, including survivorship universal life as well as survivorship variable universal life.

Though these can only be purchased as separate policies, guaranteed universal life insurance has little to no cash value, so it's considerably less expensive for permanent coverage than whole life insurance.

Whole life and universal life insurance policies are similar as they're both forms of permanent coverage.

If you have a permanent life insurance policy, such as a whole life or universal life insurance policy, you may wonder at some point about cashing in your policy.

Therefore, universal life insurance policies have greater upside potential when the insurer's portfolio does well, as the cash value can grow at a higher rate.

«Participating life insurance» is only possible with a cash value life insurance policy as distinguished with other types of life insurance that do not accrue cash value such as convertible term life insurance or most guaranteed universal life insurance policies.

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.

Variations such as variable and indexed universal life insurance give you options for how to invest the policy's cash value.

Universal life insurance policy owners are NOT viewed as owners of the life insurance company.

Guaranteed universal life insurance is the cheapest way for seniors to get permanent life insurance coverage, as policies typically have little to no cash value component.