Sentences with phrase «death benefit portion»

However, the death benefit portion of the policy still isn't taxed, even if it becomes an MEC.
Discuss how the loan and interest will impact your life insurance policy to make sure that the death benefit portion of your policy is not threatened.
Universal life insurance separates the investment and the death benefit portions.
However, the death benefit portion of the policy still isn't taxed, even if it becomes an MEC.
With universal life, the insurance company separates the investment and death benefit portions, socking your investment dollars into its choice of bonds, mortgages and money market funds.
For the first 5 to 10 years the majority of the premiums you pay in these early years of the policy is applied to the death benefits portion (cost of insurance) along with policy fees & commissions.
Your beneficiaries are entitled to receive only the death benefit portion of the policy when you die.
So if you live longer than lets say 120 you would only receive back the «cash value» of your particular policy type (for example), not the death benefit portion from that particular insurance company.
So if you live longer than lets say 120 you would only receive back the «cash value» of your particular policy (the portion of your insurance premium paid into the policy that is considered cash value by the insurance company), not the death benefit portion from that particular insurance policy for example.
As stated previously, if you withdraw the cash to fund your children's education or to pay off a debt, you may be subject to tax ramifications and a reduction of the death benefit portion of the policy.
Before surrendering your policy, and losing your life insurance coverage completely (the death benefit portion of the policy) find out if you have any option to take a cash surrender value, and possibly use some of it to buy a smaller less expensive policy.
You take the money or cash value in exchange for giving up the right to the «life insurance» or death benefit portion.
a b c d e f g h i j k l m n o p q r s t u v w x y z