Sentences with phrase «cash accumulated value»

If I cancel this policy, will NLG eat up all my cash accumulated value?

In most policies, the surrender value is typically the cash accumulated value less any applicable surrender charges.

Surrender Value In most policies, the surrender value is typically the cash accumulated value less any applicable surrender charges.

Not exact matches

As you pay your premiums, over time you begin to accumulate a cash - value component you can borrow against.

That's because, as the name implies, cash - value life insurance policies accumulate value over the policyholder's lifetime.

The net cash value will generally be lower than your total accumulated cash value for the first several years of coverage as it's reduced by fees and surrender charges.

Cash value life insurance refers to any life insurance policies that not only have a death benefit but also accumulate value in a separate account within the policy.

The policy does not continue to accumulate cash value and excess interest after the insured's death.

This clause provides that if the policyholder fails to pay the premiums on a life insurance policy, the insurance company may automatically use the accumulated cash value to pay the premiums.

While life insurance is not a college funding vehicle and does not provide a source of guaranteed income in retirement, it does provide the opportunity to accumulate cash value.

Lifetime Builder ELITE also offers the potential to accumulate greater cash values over the life of the policy than other fixed - interest permanent insurance products.

Whole life insurance is designed to last your entire life, often has fixed premiums, and accumulates a cash value over time.

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.

Permanent life insurance policies (which include whole life insurance and universal life insurance, have the potential to accumulate guaranteed cash value that increases every year.

It also offers the potential to accumulate greater cash values over the life of the policy than other fixed - interest permanent insurance products.

As the policyowner accumulates cash value inside the policy, the person can access the cash value, through loans or partial surrenders, which can be used for a variety of personal needs, such as quick cash for an emergency or to help supplement retirement income.

Typically, cash values don't start to accumulate for a few years and it builds very slowly; however, every year the growth percentage increases.

In later life stages, permanent life insurance may offer, depending on the type of policy, the opportunity to accumulate cash value on a tax - deferred accrual basis, money that can be used for diverse needs.

As cash values accumulate in the policy, you also have the option to use these funds to pay the premiums; however, this is still considered a loan and the same factors exist.

But as the cash accumulates and the size of Berkshire Hathaway expands, the pool of companies that can add significant value dwindles.

Also, the cash value will accumulate sooner in certain policies.»

As you pay your premiums, a portion of each payment accumulates as cash value.

Under HP's stock ownership guidelines, non-employee directors are required to accumulate within five years of election to the Board shares of HP common stock equal in value to at least five times the amount of their annual cash retainer.

Players race around the board trying to accumulate wealth and hit a target value while buying, selling and trading property with friends and family to see who can be the first to cash out.

If $ 300,000 has been contributed on behalf of a teacher (including accumulated returns), then the cash value of an annuity provided to this teacher should also be $ 300,000.

You can convert a term life insurance policy to whole life at any time to begin accumulating cash value.

Not every life insurance policy type accumulates cash value that might count as an asset.

Cash values accumulate quickly when the insured person has many years left to live.

The cash value accumulates over time and earns tax - Only cash value life insurance policies will count as an asset in most cases.

He or she will never outgrow a low - price policy that accumulates cash value for use later in life.

The cash values accumulate more quickly because of the higher initial premiums and lower initial death benefit.

The target buyer of option B is a young family with a goal to accumulate tax - favored cash values.

As cash value accumulates inside the policy, the amount at risk to the carrier decreases.

At retirement, many people then begin to use the accumulated cash value to supplement retirement income.

Term life insurance does not accumulate cash value unless you exercise the conversion option, but you can get your money back if you are terminally ill.

The target buy may be in midlife with less time to accumulate cash value, but with a need for a permanent policy.

In addition, you don't have to pay the annual interest so long as the total outstanding loan (original loan plus accumulated interest) doesn't exceed the policy's cash value.

Whole life insurance is designed to last your entire life and accumulate cash value.

During the first several years of coverage, there are surrender charges, so you wouldn't get the entire accumulated cash value.

The net cash value will generally be lower than your total accumulated cash value for the first several years of coverage as it's reduced by fees and surrender charges.

If you have a permanent life insurance policy that accumulates cash value, you can borrow money from the insurer using the cash value as collateral.

The investment component builds an accumulated cash value the insured individual can borrow against or withdraw»

Whole life insurance is a type of permanent life insurance policy that accumulates cash value over time.

This is actually a significant benefit as it means the cash value being used as collateral stays inside your life insurance policy and continues to accumulate interest, though it may be at a different rate.

You can change the death benefits during the life of the policy, usually after passing a medical examination, and you can pay premiums from your accumulated cash value.

This policy accumulates cash value and has flexible payments.Changes to Universal Life Insurance premiums may cause the policy to become underfunded and potentially lapse.

Another feature of permanent insurance is that it accumulates a cash value on a tax - deferred basis.

The difference between the cash and the surrender value is that if you surrender your policy (for example, if you choose to cancel and cash out the life insurance policy), you will receive the cash value that has accumulated less any applicable surrender charges; these charges are pre-determined by the life insurance company, and are stipulated in your policy contract.

Whole life insurance stays in effect for your entire life and also accumulates cash value over time.

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.