Sentences with phrase «benefit over the life of the policy»

In contrast, a life agent selling a $ 1,000,000 death benefit may make only 1 % of the total commission vs the total death benefit over the life of the policy.

A universal policy allows the holder to adjust his or her premium payments and death benefit over the life of the policy.

In contrast, a life agent selling a $ 1,000,000 death benefit may make only 1 % of the total commission vs the total death benefit over the life of the policy.

Not exact matches

:: Urgently pay Edo State pensioners over 42 months outstanding pension benefits and entitlements from the over N29bn Paris Club refunds received by your government and meant for the payment of pension arrears and gratuities;:: Adopt a human rights policy of guaranteeing regular payment of pension benefits and entitlements so that pensioners and their families can live decently;:: Recognize the human rights of Edo State pensioners and ensure their full and effective enjoyment of those rights, as well as provide them with information to enable them to claim their rights;:: Treat all pensioners in Edo State as individuals with humanity and dignity and respect and promote their higher standard of living and improve economic and social conditions for all pensioners;:: Provide Edo State pensioners with proper support and assistance to alleviate their plight, including by ensuring informal, community - based and recreation - oriented programs for pensioners to help develop their sense of self - reliance and independence;:: Reduce opportunities for corruption in the spending of the Paris Club refunds

In a nutshell, while most whole life insurance is fixated on maximizing the death benefit of a policy and just allowing cash values to grow over time, strategic self banking focuses on maximizing life insurance cash values, so the whole life insurance plan can be used strategically as a savings and personal financing vehicle for the purpose of recapturing your cost of capital incurred when having to deal with third party lenders or using your own cash.

The main difference between term life and permanent insurance is that term insurance only pays death benefits to your beneficiaries, while permanent life insurance pays out death benefits and accumulates cash value which will continue to build up over the life of the policy.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

In addition to paying death benefits, it also has a cash value accumulation feature which grows over the life of the policy.

The benefit of doing this is ensuring you have full control over your term life policy.

Whole life insurance (cash value life insurance) offers a permanent accruing death benefit as well as accruing cash value within the policy over the life of the policy holder based upon mortality tables.

The owner of a life insurance policy has complete control over it and gets to decide who receives the death benefit of the policy.

Because the death benefit amount of your cash value life insurance policy may change over time as its cash value grows, make sure to specify a percentage of the proceeds to go to your beneficiaries rather than selecting a dollar amount.

Thanks to the acceleration of death benefit rider on his life insurance policy, however, Richard was able to get money to cover his huge medical expenses, allowing his wife and family to say goodbye without the specter of debt hanging over their heads.

This ability to build tax - favored savings over time is a powerful benefit of permanent life insurance policies.

The benefit of whole life insurance policies is that they build cash value over time, which is a fund that can be borrowed against or withdrawn.

In general, life insurance companies that know an insured has passed, but can not locate the beneficiaries of the policy, are required to turn over the benefits of the policy to the state's unclaimed property office if the benefits are not claimed after a certain number of years.

Since a whole life policy offers the benefit of tax - deferred accumulation of cash value, the sooner Trish starts, the faster her cash value can potentially grow over the long term.

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.

Cash value life insurance refers to a wide variety of insurance policies that provide both a death benefit and the accumulation of cash value over a...

Decreasing term life insurance is a life insurance option where the death benefits decrease on either a monthly or annual basis over the life of the policy.

Out - of - control policy loans can erode a life insurance policy over time, eventually draining the death benefit — and saddling you with a substantial tax bill.

The death benefit shrinks over the life of the policy, either at a set rate or at a rate that matches your mortgage.

It's possible to adjust both the death benefit and the premium over the life of the policy.

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

Our annual cover allows you to take multiple trips over the year with the Premium level of protection, and groups who live together can benefit from annual policies which do not require them to travel together.

With the United States on the cusp of finalizing the Clean Power Plan, state and federal policy makers should take a closer look at what actions they can take over time to rein in emissions from all sectors while generating health, economic and quality - of - life benefits.

• Coverage is for life, eliminating the need to renew the policy • Provides death benefits • Cash value accumulation feature, which builds up over the life of the policy • Allows you to borrow against the policy • Allows you to surrender the policy

The death benefit will not decrease over the life of the policy but will remain fixed as long as you continue to make premium payments.

The reason is that they not only pay out on death benefits, but they also have a cash value accumulation feature which accumulates over the life span of the policy.

A great benefit of term life policy for the seniors over 60 is that a high - quality plan will help close the gap which can happen for the survivor who receives Social Security benefits.

If you are over 65 and have a life insurance policy with a death benefit of more than $ 100,000, you may be a candidate for a life settlement.

Unlike other life insurance coverage, term life insurance rates can increase over time, the policy doesn't usually offer any sort of cash value benefit and even policies that offer the ability to convert the policy may end up being too expensive to continue coverage.

The policy also provides cash value accumulation which grows over the life of the policy and should equal the death benefits at age 100.

Term life insurance offers seniors over the age of 70 greater flexibility based on the benefit coverage and in certain circumstances the ability to sell the policy if it is no longer needed.

The death benefit will decrease at a predetermined rate over the life of the policy, but premiums usually remain level throughout the term (which can range anywhere from one to 30 years).

Can vary your death benefit options so that they are fixed, increasing or decreasing over the life of the policy.

Decreasing Term Life Insurance — With this type of policy, the death benefits decrease over various designated time increments throughout the life of the policy, but the premiums you pay remain the sLife Insurance — With this type of policy, the death benefits decrease over various designated time increments throughout the life of the policy, but the premiums you pay remain the slife of the policy, but the premiums you pay remain the same.

However, universal life is thought of as being more flexible than whole life because the policy holder has more control over when the premium due date is, as well as how much of the premium goes towards the death benefit, and how much goes towards the policy's cash value (within certain guidelines).

If the child is eligible, at the end of the term period, the benefit may be able to be converted over into a qualified permanent life insurance policy, with a benefit that is up to 5 times the original amount of the term coverage — regardless of the child / insured's health.

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.

Option 2 Death Benefit: The other option is a combination of a specific death benefit plus the cash value accumulation feature which builds over the life of the Benefit: The other option is a combination of a specific death benefit plus the cash value accumulation feature which builds over the life of the benefit plus the cash value accumulation feature which builds over the life of the policy.

• Decreasing Term Life Insurance — Here, the death benefits decrease over designated time increments throughout the life of the policy, but the premiums you pay remain the sLife Insurance — Here, the death benefits decrease over designated time increments throughout the life of the policy, but the premiums you pay remain the slife of the policy, but the premiums you pay remain the same.

According to a Consumer Reports study, there are over 1 Billion Dollars in benefits from life insurance policies that have been unclaimed as of 2013, the number is surely rising and begs the question, how do you know if you are a named beneficiary entitled to a death benefit and how do you find out?

While some term policies feature increasing or decreasing premiums and benefits over time, these figures are fixed and won't be adjusted during the life of the term.

The reason is that I want control over my investments, which means I don't want my investments wrapped up with my life insurance policy in a package that isn't completely transparent in terms of the benefits and returns.

The benefit of doing this is ensuring you have full control over your term life policy.

The owner of a life insurance policy has complete control over it and gets to decide who receives the death benefit of the policy.

Cash Benefit: A whole life insurance has a cash value factor that gets amassed over a period of time and this is the biggest benefit of owning this Benefit: A whole life insurance has a cash value factor that gets amassed over a period of time and this is the biggest benefit of owning this benefit of owning this policy.

Thanks to the acceleration of death benefit rider on his life insurance policy, however, Richard was able to get money to cover his huge medical expenses, allowing his wife and family to say goodbye without the specter of debt hanging over their heads.

On the other hand, whole life policies generally refer to a group of products that pay a permanent death benefit, but also accrue cash value over time.