Sentences with phrase «certain types of permanent policies»

Besides the conversion period and the conversion credits requirement that may differ between policies, another important caveat is you usually can only convert your term policy to certain types of permanent policies offered by the same insurance company.

Not exact matches

For certain types of permanent life insurance policies, namely policies that pay dividends, the additional tax benefit of «tax free dividends» is available.

But here's the good news: Despite the seeming complexity, there are major similarities between certain types of life insurance contracts: term insurance typically works the same from company to company, and so do different types of permanent or cash value policies.

«With certain types of permanent life insurance, clients can contribute additional premiums over and above the minimum to enjoy tax free build - up of cash value inside the policy,» he offers.

Certain types of term life insurance policies have renewability or convertibility features that allow you to either renew your policy for a specified term without having to undergo another medical exam or convert your term policy to a permanent or cash - value policy.

Permanent life insurance has cash value upon surrender, offers savings you can use when accumulated, or even dividends for certain types of policies.

We know which providers are more apt to underwrite applicants with certain types of high risk health conditions — and, we can also offer you permanent life insurance policies without having to take a medical exam at all.

For certain types of permanent life insurance policies, namely policies that pay dividends, the additional tax benefit of «tax free dividends» is available.

But here's the good news: Despite the seeming complexity, there are major similarities between certain types of life insurance contracts: term insurance typically works the same from company to company, and so do different types of permanent or cash value policies.

Guaranteed universal life insurance is a type of permanent life insurance policy that covers you up to a certain age, but doesn't build cash value the way a whole life insurance policy would.