Sentences with phrase «cash equivalent policy»

A cash equivalent policy account is setup to house interests from excess premium payments after policy payments.

Not exact matches

At the end of a lengthy hearing, the Board made the decision to require the Town to implement a policy that imposed an overall cap on its parkland dedication requirements equivalent to 25 % of the area of any site to be developed, or its cash - in - lieu equivalent.

The cash value accumulation generally does not equal the amount of death benefits and premiums are more expensive than other equivalent standard life insurance policies.

This insurance category has no cash value, but can have a significantly higher face value for lower premiums than an equivalent permanent life insurance policy.

You can take out a loan based on the account's cash equivalent value against the policy as the value grows.

The cash value grows over time at an interest rate set by the terms of the policy, and is equivalent to the amount of money you would receive if you surrendered the policy to the insurer.

The loan will have to be equivalent to the existing cash value of the policy.

Assuming equivalent investment returns, because of the way the polices are written, it takes a lot longer for a whole life policy to accumulate significant cash value (often 12 - 15 years) than if you invested on your own.

Insurers do this by taking insurance premiums from policy holders, pooling them in the general account of the insurance company, and then investing them in a conservative portfolio of stocks, bonds, cash equivalents and treasuries.

How much is your first - year commission on this proposed cash value policy versus your commission on an equivalent term life insurance policy?

As time goes on, your cash value will grow and will eventually be equivalent to your death benefit as does any policy at maturity.

Make significant charitable contributions By making a charity the beneficiary of their life insurance policies, individuals can make a much larger contribution than if they donated the cash equivalent of the policy's premiums.

You can typically consider a loan equivalent to 90 % of the policy's cash surrender value.

Such Tennessee renters insurance policies work by reimbursing you with the equivalent of the current cash value of the belongings that you make a claim on.

In August, the UKGC updated its License Conditions and Codes of Practice (LCCP) and reminded licensees to ensure they were implementing appropriate policies and procedures concerning the usage of cash and cash equivalents, which included the UKGC's first reference to «digital currencies» under this category.