Sentences with phrase «current policy death benefit»

Policyholders can login to the client portal and view up to date account information, including current cash value levels, how much you can borrower and your current policy death benefit.

Policyholders can login to the client portal and view up to date account information, including current cash value levels, how much you can borrower and your current policy death benefit.

Not exact matches

If you're thinking of buying a cash value life insurance policy, ask your agent or company for a sales illustration, which is a computer projection of future premiums, cash values and death benefits based on the current dividend scale (whole life) or current interest rates and current costs of insurance (universal life).

An accident death benefit rider pays out an additional death benefit to the beneficiary (that's above the current benefit limit of the policy) if you should die as a result of an accident.

If the policy has a Death Benefit, the contract could be worth much more to your heirs than its current face value.

If the premium cost of your current life insurance policy is an issue, you may be able to lower the premium by reducing the death benefit, which would not require an exchange.

Using this design, the low - expense whole life policy has death benefits and cash values, based on the current 6 % dividend rate, as illustrated in Table 1.

Some whole life and current assumption universal life policies with a level death benefit, when the maximum premium is paid, can also act as a policy with a no - lapse guarantee.

-- Over time, a permanent policy's premiums, death benefits, and investment risks can be adjusted according to the policy owner's current needs.

An accident death benefit rider pays out an additional death benefit to the beneficiary (that's above the current benefit limit of the policy) if you should die as a result of an accident.

This handy rider gives you the power to increase the size of the death benefit on your current policy without having to undergo a new medical exam, which is great if you're over 35 or have developed new health issues since you last bought life insurance.

One option since your young you could take the case value of the current policy and do a 1035 exchange (tax free transfer of the cash value from one policy to another) to a plan that has a lower death benefit and little to no premium.

Inforce Ledger - this takes the current policy values (death benefit and cash value) and forecasts them into the future.

Policy Charge $ 10 - $ 20 per month on a current basis (depends on death benefit amount Orange Pass current basis: $ 20 per month Guaranteed to not exceed $ 30 per month

Alternatively, if your current health, occupation, or any other factors prevent you from qualifying for a standard life insurance policy, a guaranteed issue accidental death benefit policy can offer some protection over having no insurance at all.

Similarly, the cash value in your current policy may also be enough to pay the premiums for a number of years into the future, but that, too, will erode the death benefit over time, as the loans to pay premiums accumulate with interest (if you were not paying some or all of those amounts back to the insurance company).

Individuals over the age of 70 with moderate health concerns who own such insurance might find that their policy is worth as much as 25 percent of the current death benefit.

Accelerated Death Benefit for Chronic Illness Plus Rider: Selected at issue and available at an additional cost, this rider allows for up to 100 % of the policy's death benefit to be accessed in advance (with a monthly benefit of 2 %, capped at the then current IRS per diem times 30) if the insDeath Benefit for Chronic Illness Plus Rider: Selected at issue and available at an additional cost, this rider allows for up to 100 % of the policy's death benefit to be accessed in advance (with a monthly benefit of 2 %, capped at the then current IRS per diem times 30) if the iBenefit for Chronic Illness Plus Rider: Selected at issue and available at an additional cost, this rider allows for up to 100 % of the policy's death benefit to be accessed in advance (with a monthly benefit of 2 %, capped at the then current IRS per diem times 30) if the insdeath benefit to be accessed in advance (with a monthly benefit of 2 %, capped at the then current IRS per diem times 30) if the ibenefit to be accessed in advance (with a monthly benefit of 2 %, capped at the then current IRS per diem times 30) if the ibenefit of 2 %, capped at the then current IRS per diem times 30) if the insured:

Selected at issue and available at an additional cost, the Chronic Illness Plus Rider allows for up to 100 % of the policy's death benefit to be accessed in advance (with a monthly benefit of 2 %, capped at the then current IRS per diem times 30) if you:

• Most sellers only receive as little as between 13 — 21 % of the value of the policy • All policies apply including term insurance • Brokers and other purchasers take a commission as high as around 9 % to as high as 30 % • Most brokers will only consider people who are over the age 65 or will only consider those with a chronic or terminal illness, and have policies worth at least $ 100,000 • Selling you policy can have tax implications • Selling your policy may affect your ability to qualify for government sponsored programs • You lose control of your death benefits • The buyer has access to all your medical reports including current ones

For current policy holders, death benefit claims can be filed directly on the Banner Life website.

A viatical settlement happens when someone sells their policy for more than their current cash value, but less than the death benefit payout.

Shop around for one policy with a death benefit worth the combined amount all the current policies in your name.

Investors buy groups of life insurance policies for more than their current cash value because with a large enough group of policies, they will make money from the death benefit payouts.

When it comes to retirement, a capital transfer strategy lets you transfer retirement dollars from one of your current accounts1 to a more tax - efficient asset like a life insurance policy — which provides an income tax - free death benefit.

A policy that uses CVAT for death benefit determination will adjust the death benefit up continuously to always maintain a death benefit that exceeds current cash value by a certain percentage.

Life insurance rates are based on your age, lifestyle habits, current health, medical history, and occupation at the time you apply for coverage, as well as the type of policy, the term period, and death benefit amount.

Insurers will also only pay death benefits if Premiums are current and the policy is still in force.

As long as a policy owner is current on premium payments during an active term, death benefits are guaranteed to be paid to the plan beneficiaries if the policy holder dies.

It shows the product's current guaranteed and non-guaranteed values based on how the policy's underlying sub-accounts affect the policy's cash value and death benefit, assuming a rate of return that is reasonable, given the client's risk tolerance and market conditions.

Using the proposed premium, the current ledger (a best - case scenario) shows the death benefit and how much cash value the policy could build based on the current policy fees and a high assumed interest or dividend crediting rate.

This is the amount of money you will receive in addition to the original death benefit you purchased, which is listed as «base amount» or «guaranteed death benefit» on the policy illustration and current policy statement.

If the legal owner of a large life insurance policy passes and that person's gross estate value is greater that the current estate tax exemption, then the death benefit from the policy would likely be subject to steep estate taxes.

Generally, when you borrow against your life insurance policy it will reduceyour cash surrender value as well as the current death benefit.

This is computed by subtracting the total current asset value (what you would get if you cashed the policy in today) from the total death benefit to determine the «net amount at risk.»

Purchasers of current - assumption policies are presented with an illustration of projected premiums, cash values, and death benefits that use the company's current assumptions regarding the various premium pricing factors as well as an illustration showing the minimum guaranteed values based on the current premium and the statutorily mandated conservative pricing assumptions.

Where clients have the need for death benefit protection, FIUL products may be appropriate for current economic conditions because they offer features and flexibility, so policies can be designed to meet a variety of consumer needs.

In order to continue your policy at its» current death benefit your premium for 2009 will be $ 5600.00».