Sentences with phrase «cash value aspect»

Universal life policies are quite involved because they treat the premium, death benefit and cash value aspects of the policy separately.

They will tout the whole life cash value aspect.

They're going to tout the entire life cash value aspect.

The cash value aspect of whole life insurance is similar to other types of permanent life insurance like universal life insurance and variable life insurance, which all feature cash savings.

Universal life is a policy that gives you a more affordable premium, like term insurance, but also has a cash value aspect to it.

But if you like the cash value aspect of a whole life insurance policy it may be better to pay fixed premiums for the life of the policy while investing at the same time which could provide an additional cash cushion at retirement.

Now let's cover the cash value aspect of universal life insurance in more detail, because its flexibility is a big advantage.

Plus, the cash value aspect means that they can oftentimes get more complicated than they're worth when compared to more straightforward term life insurance policies.

The cash value aspect of whole life insurance is similar to other types of permanent life insurance like universal life insurance and variable life insurance, which all feature cash savings.

The cash value aspect of whole life insurance also serves as a forced savings vehicle: Over time the insurer reduces its commitment to cover your death benefit as your cash value grows and eventually becomes big enough to cover the entire death benefit payout.

The cash value aspect typically doesn't provide as high a return as other investment vehicles, you're paying for a policy later in life when you likely don't need it, and you could be doing a lot with the extra money you're spending on the policy.

There are numerous situations where a universal or whole life policy can perform where a term simply can't, largely due to the cash value aspects within the policy, as well as its permanent nature.

With a universal life policy, the skipped premium is simply deducted from the cash value aspect of the policy.

The main factor that increased the cost was the cash value aspect where the policy was generating interest.

Permanent life insurance policies have a cash value component that can be quite beneficial for many consumers, but the cash value aspects bring higher premium payments.

Universal life is a policy that gives you a more affordable premium, like term insurance, but also has a cash value aspect to it.

While it can be nice to have the cash value aspect of a life insurance policy, most people will never use it, and you pay more for policies that have it.

Whole life insurance has a cash value aspect that acts as a savings component or investment over the life of the policy.

If you are interested in the cash value aspects of a Whole Life insurance option, again the younger you are — the more time you will have to accumulate the greatest benefit.

They admitted that they got all wrapped up in the agent's pitch about the cash value aspect and all of the advantages it would have down the road and finally just signed on.