Sentences with phrase «benefit of a universal life insurance policy»

Not only does the single premium option eliminate one of the core benefits of a universal life insurance policy — flexible payments — but you need to confirm if this policy will be a modified endowment contract.

The death benefit of a universal life insurance policy can be transferred quickly to the beneficiary, who will not pay any taxes on the amount.

However, a key benefit of universal life insurance policies is that you can pay a greater amount into the cash value in years when you have the money on - hand.

Not exact matches

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.

If you're considering permanent life insurance, but are wary of the complexity of the policy and not interested in the cash value or investment benefits, guaranteed universal life insurance is a less expensive way to purchase nearly - lifelong coverage.

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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.

The universal life insurance with long - term care rider policy provides customization of the benefits period, including 2 - 7 year benefit periods.

The Indexed Universal Life policy is a solid and reliable life insurance product that provides a specific set of benefits to the consuLife policy is a solid and reliable life insurance product that provides a specific set of benefits to the consulife insurance product that provides a specific set of benefits to the consumer.

While it's not the core benefit of the policy, Symetra's guaranteed universal life insurance also builds a cash value with a guaranteed 2 % annual interest rate.

If you're considering permanent life insurance, but are wary of the complexity of the policy and not interested in the cash value or investment benefits, guaranteed universal life insurance is a less expensive way to purchase nearly - lifelong coverage.

You're entitled to go fishing (for eligibility requirements): A traditional fully underwritten whole life or universal life policy gives you coverage for life, pays out the insurance benefit upon your death and includes an investment component of accumulated cash value.

The product is a single premium universal life insurance policy that provides death benefit protection, long - term care coverage and return of premium.

Somewhere between term life and whole life is Universal Life Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you cholife and whole life is Universal Life Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you cholife is Universal Life Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy yoUniversal Life Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you choLife Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you cholife policies, depending on the type of universal life policy youniversal life policy you cholife policy you choose.

NYLIAC universal life products are designed to give you added flexibility while preserving the benefits of a permanent life insurance policy.

NYLIAC universal life policies offer a choice of three life insurance benefit options.

In reality, most people who are seriously considering a guaranteed universal life policy for securing a permanent death benefit should probably forget about the other types of universal life insurance and focus on a comparison with traditional whole life insurance.

If you're thinking of buying a cash value life insurance policy, ask your agent or company for a sales illustration, which is a computer projection of future premiums, cash values and death benefits based on the current dividend scale (whole life) or current interest rates and current costs of insurance (universal life).

NYL Universal Life products are designed to give you added flexibility while preserving the benefits of a permanent life insurance polLife products are designed to give you added flexibility while preserving the benefits of a permanent life insurance pollife insurance policy.

Universal Life Insurance is a flexible life insurance policy that combines the benefits of permanent life insurance protection and cash value accumulations with the convenience of adjustable premiums and payment schedules.1 And, within a Universal Life Insurance policy, cash value accumulations grow tax - deferred at competitive interest raLife Insurance is a flexible life insurance policy that combines the benefits of permanent life insurance protection and cash value accumulations with the convenience of adjustable premiums and payment schedules.1 And, within a Universal Life Insurance policy, cash value accumulations grow tax - deferred at competitive intereInsurance is a flexible life insurance policy that combines the benefits of permanent life insurance protection and cash value accumulations with the convenience of adjustable premiums and payment schedules.1 And, within a Universal Life Insurance policy, cash value accumulations grow tax - deferred at competitive interest ralife insurance policy that combines the benefits of permanent life insurance protection and cash value accumulations with the convenience of adjustable premiums and payment schedules.1 And, within a Universal Life Insurance policy, cash value accumulations grow tax - deferred at competitive intereinsurance policy that combines the benefits of permanent life insurance protection and cash value accumulations with the convenience of adjustable premiums and payment schedules.1 And, within a Universal Life Insurance policy, cash value accumulations grow tax - deferred at competitive interest ralife insurance protection and cash value accumulations with the convenience of adjustable premiums and payment schedules.1 And, within a Universal Life Insurance policy, cash value accumulations grow tax - deferred at competitive intereinsurance protection and cash value accumulations with the convenience of adjustable premiums and payment schedules.1 And, within a Universal Life Insurance policy, cash value accumulations grow tax - deferred at competitive interest raLife Insurance policy, cash value accumulations grow tax - deferred at competitive intereInsurance policy, cash value accumulations grow tax - deferred at competitive interest rates.

Universal Life Insurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the caUniversal Life Insurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash vaLife Insurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the caInsurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cauniversal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash valife insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cainsurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash value.

There are fees and charges associated with variable universal life policies, including cost of insurance charges, surrender charges, administrative and investment management fees, mortality and expense risk charges, and charges for optional benefits.

This type of universal life insurance generally offers the greatest death benefits relative to premium dollars spent of cash value policies.

Universal life insurance structured under Option B is designed so that proceeds of the policy rise in value over time and equal the death benefit plus the cash value.

Universal life insurance is designed to offer many of the same benefits as traditional permanent * life insurance policies such as whole life, but offers more flexibility that allows you to adjust your premiums and coverage as your needs change.

They can use $ 866 to make the first monthly payment of a joint last - to - die universal life insurance policy with a $ 500,000 death benefit (1).

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.

Guaranteed universal life insurance is an attractive option for many that bridges that gap of financial insecurity, allowing policy holders to lock in a guaranteed death benefit and premium payments while providing flexibility and stability for households.

Also, variable universal life insurance policies may also offer a rider — at an additional cost — that will guarantee a minimum death benefit, regardless of the underlying investment performance.

Because it offers flexibility and a cash value option, guaranteed universal life insurance offers policy holders many possible ways to put the cash value and death benefit to work for them, some of which include:

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.

In addition to providing cash to your heirs in the event of your death, this death benefit gives universal life insurance policies their tax - free status.

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.

Although the initial death benefit is lower than with the guaranteed universal life policy, overtime the death benefit of a properly structured whole life policy may far surpass what other insurance policies will offer.

Like universal life insurance, you can adjust the premium and death benefit of your policy.

New York Life is known for offering a solid whole life insurance product; however, we found that they are also striving to offer solid universal life policies complete with a number of life insurance riders such as «no lapse» and «living benefits&raqLife is known for offering a solid whole life insurance product; however, we found that they are also striving to offer solid universal life policies complete with a number of life insurance riders such as «no lapse» and «living benefits&raqlife insurance product; however, we found that they are also striving to offer solid universal life policies complete with a number of life insurance riders such as «no lapse» and «living benefits&raqlife policies complete with a number of life insurance riders such as «no lapse» and «living benefits&raqlife insurance riders such as «no lapse» and «living benefits».

Many people opt for a guaranteed universal life insurance policy because of the low premiums and high death benefit.

In many ways, indexed universal life insurance works in a similar fashion as most other types of coverage in that the policy holder pays their premium, and the net premium is then applied to the actual life insurance death benefit.

A variable universal policy brings many of the benefits of other universal life types, including flexible premiums, and includes an annually renewable term life element to provide permanent life insurance.

On the whole, alongside the outlined potential benefits, Universal Life Insurance policies have a number of inherent limitations.

Both the indexed universal life insurance and the term life insurance policies typically include an accelerated death benefit so that a large portion of the death benefit can be paid to the policyholder in the event of a terminal illness.

Variable Universal life insurance policies (VUL) are a type of permanent life insurance designed to build cash value and provide a death benefit.

With the purchase of a permanent life insurance policy, usually a guaranteed universal life, the couple has the benefits of this policy.

Or alternatively, if he is a healthy non smoker, he could purchase a guaranteed universal life insurance policy with a $ 350,000 death benefit for as little as $ 3,708 per year, which would generate an tax free, cash benefit of $ 350,000 upon his death.

Quality of Life Performer Plus: An affordable universal life insurance policy that can provide a guaranteed death benefit for 25 years or up to age 80 — whichever comes sooner — plus the opportunity for cash accumulatLife Performer Plus: An affordable universal life insurance policy that can provide a guaranteed death benefit for 25 years or up to age 80 — whichever comes sooner — plus the opportunity for cash accumulatlife insurance policy that can provide a guaranteed death benefit for 25 years or up to age 80 — whichever comes sooner — plus the opportunity for cash accumulation.

Universal life insurance is a type of life insurance policy that allows the policyholder to alter the policy in response to life changes, by merging the benefits of term life insurance with those of a savings account.

A traditional universal life insurance policy is designed to combine the best benefits of whole life and term life insurance.

Penn Mutual's Guaranteed Protection Universal Life: this GUL policy offers the benefits of a permanent life insurance death benefit protection and affordability, but with cash value growth, because life is uncertLife: this GUL policy offers the benefits of a permanent life insurance death benefit protection and affordability, but with cash value growth, because life is uncertlife insurance death benefit protection and affordability, but with cash value growth, because life is uncertlife is uncertain.

The cost of insurance for the renewable term element inside a universal life insurance policy can be high in later years, but some companies reduce the cost of insurance by paying the death benefit to beneficiaries over an extended period of 30 years.

For instance, for an American, there may be term insurance, permanent insurance, whole life, universal life, long term care insurance, accidental death, critical illness insurance, disability insurance, variable products, graded and modified, guaranteed premiums, living benefits, return of premium, policies for 5,10,20,30, or for life coverage — all very confusing to a potential customer.