Sentences with phrase «buy additional paid up insurance»

Dividends can either be used to buy additional paid up insurance, so the death benefit rises over the life of the contract, be used to build cash value faster in the policy, or can be taken as cash by the owner.

Buy More Insurance — Can be used to buy additional paid up insurance.

Things like loans, withdrawals, or dividend payments used to buy additional paid up insurance can affect the actual death benefit of permanent forms of life insurance.

Dividends can be used to increase cash value, reduce the current premium, or buy additional paid up insurance.

Not exact matches

Second, help kids top up a down payment to 20 % or more so they don't have to pay the additional costs of mortgage default insurance — about $ 8,777 when buying the average - priced resale home in Canada with a 10 % down payment.

Dividends can be used as cash, pay premiums, pay back loans, buy term insurance, or purchase additional paid - up insurance.

Paid - Up Additions Dividend Option: life insurance dividends allow you to choose different options, such as taking the cash out or buying additional paid up life insuraPaid - Up Additions Dividend Option: life insurance dividends allow you to choose different options, such as taking the cash out or buying additional paid up life insurancUp Additions Dividend Option: life insurance dividends allow you to choose different options, such as taking the cash out or buying additional paid up life insurapaid up life insurancup life insurance.

And one huge benefit of paid up additions is you can buy paid up additional insurance without having to go through medical underwriting.

Additional Insurance Agreement — option to buy paid up additional life insurance to increase the policy's deatAdditional Insurance Agreement — option to buy paid up additional life insurance to increase the policy's deathInsurance Agreement — option to buy paid up additional life insurance to increase the policy's deatadditional life insurance to increase the policy's deathinsurance to increase the policy's death benefit.

Should you die while the policy is in force, your beneficiaries will receive not only your the initial face value as a death benefit, but also it's common for dividends to buy additional insurance by way of what are called «paid up additions», so the death benefit could actually be higher than the face value at the purchase of the policy.

Dividends can be paid to you in case, used to reduce your premium, or to buy additional insurance, known as «paid up additions».

Dividends can be used for many things but the most popular option is paid up additions, which allow you to buy paid up additional life insurance, increasing your death benefit and cash value.

When the dividends are used to buy additional «paid - up insurance,» that can add an estimated $ 500,000 to cash value by age 90 (light - blue line) and boost the death benefit to $ 1.1 million (gold line).

To accomplish this, companies give the best deal to clients who will use their company to insure all three main lines of insurance, as people who buy one type of insurance usually have additional items that need insuring and end up paying much more in total annual premiums than the single - line customer who only insure a car or a house.

Her policy has been paid up since 2006 and the dividends are buying Paid - Up Additional Insurance Protectpaid up since 2006 and the dividends are buying Paid - Up Additional Insurance Protectioup since 2006 and the dividends are buying Paid - Up Additional Insurance ProtectPaid - Up Additional Insurance ProtectioUp Additional Insurance Protection.

• Receive Cash — Generally payable annually in the form of a check on the anniversary date of the policy • Use Towards Premiums — Instead of taking the dividends as cash, you can apply the money towards your policy premiums • Let Dividends Accumulate — Means that you accumulate your dividends as interest and can withdraw anytime but will be required to pay taxes on any interest accrued • Buy Paid - Up Options — Means that you can use the dividends to buy additional life insurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separate riBuy Paid - Up Options — Means that you can use the dividends to buy additional life insurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separate ribuy additional life insurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a sepaadditional life insurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separinsurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separate riBuy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a sepaAdditional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separInsurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separate ribuy a 1 year term life insurance policy which would be provided as a separinsurance policy which would be provided as a separate rider

Vehicle owners can opt for additional coverage when they buy two wheeler insurance policy online by National Insurance Company Limited for accessories loss, personal accident to the occupants, legal liability to paid driver and for increased coverage against legal liability to third party property damage up to a maximum l imit of Rs 7insurance policy online by National Insurance Company Limited for accessories loss, personal accident to the occupants, legal liability to paid driver and for increased coverage against legal liability to third party property damage up to a maximum l imit of Rs 7Insurance Company Limited for accessories loss, personal accident to the occupants, legal liability to paid driver and for increased coverage against legal liability to third party property damage up to a maximum l imit of Rs 7.5 lakhs.

Some types of whole life pay dividends, which can be used to buy more whole life insurance (called «paid up additional insurance» or «paid up additions»).

These reasons for a change in the face amount can include additional paid up insurance bought with dividends, a face reduction for the purpose of saving money on insurance costs, and having an increasing death benefit based on cash value.

Additional Insurance Agreement — option to buy paid up additional life insurance to increase the policy's deatAdditional Insurance Agreement — option to buy paid up additional life insurance to increase the policy's deathInsurance Agreement — option to buy paid up additional life insurance to increase the policy's deatadditional life insurance to increase the policy's deathinsurance to increase the policy's death benefit.

When dividends are used to buy additional paid - up life insurance, it generates more cash value and more dividends for the policy.

And one huge benefit of paid up additions is you can buy paid up additional insurance without having to go through medical underwriting.

If one pays, say, up to Rs 2,500 as a top - up, the person need not buy additional insurance and may instead use the funds for investment purposes.