Sentences with phrase «cash value balance»

Please note that if you have an unpaid cash value balance upon death, the amount will be deducted from the death benefit paid out to your beneficiaries.

That means your entire cash value balance continues to earn interest.

Cash value balances still grow tax - deferred and are available as a policy loan while the insured is still living.

It is important to note, however, that any unpaid cash value balance will be charged against the death benefit if the insured passes away before the balance is repaid.

Therefore, if the beneficiary was counting on a certain amount of funds to pay off final expenses, it could present a financial hardship by having an unpaid cash value balance in the policy.

I find it funny that he mentions dividends when showing how the insurance cash value balance grew, but left dividends completely out of the equation when he talked about the S&P 500 Index.

In addition to the potential for higher earnings on cash value balances, policyholders of universal life contracts have flexibility in terms of the level of total death benefit, premium amounts paid and payment frequency.

And, while these funds are not required to be paid back, if there is an unpaid cash value balance in the policy at the time of the death of the insured, then this amount will be subtracted from the death benefit that is paid out to the beneficiary.

This is because variable life insurance cash value balances are invested in various tax - deferred subaccounts provided by the insurance company.

Any amount of an unpaid cash value balance, however, will be charged against the death benefit that is paid out to the policy's beneficiary at the time of the insured's death.

The cash value balance it is not added to the death benefit.

If you're inquiring as to what happens to the cash value balance, this does not get added to the death benefit amount.

Over time, a cash value balance is created within the policy that you can use when you find yourself in need of extra money.

The cash value balance it is not added to the death benefit.

Over time, a cash value balance is created within the policy that you can use when you find yourself in need of extra money.

The cash value balance it is not added to the death benefit.

If you're inquiring as to what happens to the cash value balance, this does not get added to the death benefit amount.

Making a withdrawal from your cash value balance is an option that many use, sometimes in combination with loans against that cash value, to help pay for their children's college education.

The latter is the equivalent of the pure insurance death benefit plus any accumulation in cash value balances.

Variable life insurance premiums are fixed like they are with whole life policies, but cash value balances and death benefits fluctuate.

After the first year of ownership, universal life policyholders have the option to increase, decrease or skip premium payments, so long as the cash value balance is sufficient to cover all policy expenses.

The cash value balance may be remitted to the insurance company to purchase a reduced «paid - up insurance contract.»