Sentences with phrase «cash value amount»

So if he dies at age 70, the beneficiary would receive a total of $ 500,000 death benefit, plus the additional cash value amount of $ 600,000.

An indexed universal life insurance policy gives the policy holder the opportunity to allocate cash value amounts to either a fixed account or an equity index account.

When you replace the item or complete the specified repairs, we'll pay you the difference between the replacement cost and the actual cash value amount previously paid.

In many instances, it can also help build the initial cash value amount in the new permanent policy.

In many instances, it can also help build the initial cash value amount in the new permanent policy.

When you replace the item or complete the specified repairs, we'll pay you the difference between the replacement cost and the actual cash value amount previously paid.

Administrative fees for a whole life insurance policy cash value amount are high compared to other investment options, and you may not have any control over how you're investing.

Also, these plans, because they are Whole Life plans, do acquire a small cash value amount.

Check with your insurance company to find out on your exact cash value amount.

This translates into higher cash value amounts than you would otherwise be able to get from a whole life policy.

Cash value The amount of money that is available on the life insurance policy for loans or withdrawals.

Your deductible will be due and then the repairs or total loss of your vehicle will be paid out, up to the car's actual cash value amount.

The right mutual life insurance company that is non-direct recognition (in most cases) will allow payment of dividends to continue at the same rates, on the full cash value amount regardless of loan amounts, and this is a huge advantage over loans secured by other financial products such as 401 (k) accounts.

Cash Value: After premium, if any, is added and expenses are deducted, the balance of the cash value is credited with the monthly equivalent of the current annual crediting rate to create a new cash value amount.

Indexed universal life (IUL) allows the owner to allocate cash value amounts to either a fixed account or an equity index account.

Market value (what you paid originally) minus depreciation gives you the actual cash value amount.

You can borrow about 95 % of the cash value amount of your whole life policy from most mutual insurance companies.

Depending on the cash value amount and the type of life insurance involved, policyholders can:

This keeps the policy from expiring, but also lowers the cash value amount available to you, so it's important to know how your policy handles a lapse.

By surrendering the universal life policy, you're going to receive less than the cash value amount.

Variable universal life is much like universal life but instead of the cash value amount being invested in a safe low - interest - bearing account or utilizing an index option, a variable universal life policy is invested in higher risk opportunities like mutual funds or stock funds.

At times, the cash value amount and the premiums paid may not correlate.

On death, the beneficiaries receive an increased death benefit from the cash value amount that was accrued within the policy.

You also have the added advantage of being able to borrow against the policy as soon as it has attained a cash value amount.

If the cash value amount exceeds a fixed threshold, the death benefit will automatically increase.

Depending on the cash value amount and the type of life insurance involved, policyholders can:

It depends on the cash value amount.

This keeps the policy from expiring, but also lowers the cash value amount available to you, so it's important to know how your policy handles a lapse.

Most whole life policies can be surrendered at any time for the cash value amount, and income taxes will usually only be placed on the gains of the cash account that exceeds the total premium outlay.

That affects the amount of the premium you pay and the cash value amount of your policy.

The cash value amount can be reduced and a lower death benefit amount may result.

The cash value amount is projected to be equal the death benefit when you are age 100.

The indeterminate premium payments will include the cash value amount and the face value.

Over several years of payments, the cash value amount adds up and earns interest.

Variable universal life is much like universal life but instead of the cash value amount being invested in a safe low - interest - bearing account, it is invested in higher risk opportunities like mutual funds or stock funds.

Although you are unable to actually withdrawal the money, you can take out a loan from the insurance company up to the cash value amount you have saved.

Your beneficiaries can be paid based on the death benefit and the cash value amount or on the contract value plus the cash value amount.

Investopedia offers the following definition: «An indexed universal life insurance policy gives the policyholder the opportunity to allocate cash value amounts to either a fixed account or an equity index account.

offers tax - deferred cash accumulation while maintaining a death benefit, allowing the policyowner to allocate the cash value amounts to either a fixed or equity index account.

Investipodia offers the following definition: «An indexed universal life insurance policy gives the policyholder the opportunity to allocate cash value amounts to either a fixed account or an equity index account.

If you have some version of a permanent life insurance policy with a cash value amount, you can actually borrow from the cash value to pay the premiums on the policy.

This subcategory of universal life insurance offers tax - deferred cash accumulation while maintaining a death benefit, allowing the policyowner to allocate the cash value amounts to either a fixed or equity index account.

This cash value amount becomes available for your use later.

Both apply to the cash value amount for your policy.

This individual policy will carry the same term life benefit as the group policy and have no cash value amount.

Indexed universal life (IUL) allows the owner to allocate cash value amounts to either a fixed account or an equity index account.

In the event a person lives to the policy's maturity date, the policy pays the cash value amount in a lump sum as an endowment to the insured.

When it comes to the death benefit, you have two options: a fixed amount of death benefit or an increasing death benefit equal to the face value of your policy, plus your cash value amount.

This may reduce the cash value amount and will render you helpless at the time of genuine need.

Although it might sound appealing that you're not required to pay back any amount you borrow from the cash value amount on a permanent life insurance policy, it can severely decrease the benefit your beneficiaries will receive when you die.