Sentences with phrase «death benefit value for»

In general, Term Life insurance offers you the most in death benefit value for your monthly premium — but, remember that Term Life insurance has no cash value, and pays out to your beneficiaries only if you pass away before the end of the term.

Not exact matches

When it is time for either college or retirement, the policy holder can borrow money from the cash value and pay it back with the death benefit when they die.

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

1 Accessing cash values, through loans and partial surrenders or by accelerating benefits for long term care benefit payments, will reduce the death benefit payable, the cash surrender value and the long term care coverage available.

These loans will reduce the death benefit and policy value dollar for dollar.

Permanent insurance, which includes whole life and universal insurance policies, is for life: It provides a death benefit for as long as you pay the premium, but also may include cash value that can be accessed during the insured person's lifetime.1

Many people use a cash value life insurance policy to save for their retirement and to provide a death benefit to their beneficiaries.

As you determine if an annuity may be right for you, remember that they are intended as vehicles for long - term retirement planning, which is why withdrawals reduce an annuity's remaining death benefit, contract value, cash surrender value and future earnings.

Your death benefit would then be $ 125,000, even if your investments to decline in value for the rest of your life.

The transfer for value rule essentially says that, when you pass away, the third party would have to pay taxes on the life insurance death benefit.

For example, a $ 50,000 whole life plan could grow to provide a death benefit of over $ 100,000 over the course of 30 or 40 years if it is allowed to keep growing in value.

This may sound counterintuitive, but the goal is to maximize cash value growth rather than use extra money for death benefit protection.

As you determine what annuity might be right for you, remember they are intended as vehicles for long - term retirement planning, which is why withdrawals reduce an annuity's remaining death benefit, contract value, cash surrender value and future earnings.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

Permanent life insurance policies cover the policyholder for their entire life and build cash value beyond the death benefit.

In a nutshell, while most whole life insurance is fixated on maximizing the death benefit of a policy and just allowing cash values to grow over time, strategic self banking focuses on maximizing life insurance cash values, so the whole life insurance plan can be used strategically as a savings and personal financing vehicle for the purpose of recapturing your cost of capital incurred when having to deal with third party lenders or using your own cash.

The additional coverage in excess of the Contract Value is only available to use for a qualified long - term care benefit and will not become part of the contract value or the death benValue is only available to use for a qualified long - term care benefit and will not become part of the contract value or the death benvalue or the death benefit.

With Legacy Lock IV, the death benefit value protected from withdrawals (Enhanced Return of Premium portion) terminates at age 90, and a traditional Return of Premium benefit is provided to age 95, reduced proportionately for all withdrawals.

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

Therefore, the primary value of a Gerber Life Grow - Up Plan is its initial death benefit, since it's sufficient to easily cover the costs of a funeral and counseling for family should your child pass away.

Payment for the face value of the insurance policy or death benefits, which your beneficiary or beneficiaries will receive after you pass away

Pacific Indexed Accumulator (IUL) is designed for high cash value growth, rather than the death benefit protection.

Investment - grade is the type of life insurance that is optimized for death benefit performance, in contrast to high cash value life insurance.

The Withdrawal Base is not available as a death benefit or for cash surrender value.

This allows continuous compounding of your wealth, for you in terms of tax free accrual of cash value and for your loved ones in terms of an accruing death benefit.

In an indexed universal life policy (IUL), premiums are added to the cash value after subtracting for the cost of the death benefit and fees.

The business value protection rider allows owners to increase the death benefit as the value of the business increases, which may be suitable for buy - sell agreements and key person insurance.

These policies are typically selected to secure a permanent death benefit rather than for cash value accumulation.

In addition, even if the best company for you is a mutual company, you still have to consider if the company practices direct vs non-direct recognition, if they are participating whole life insurance and if they allow the policy to be maximized for cash value growth or death benefit.

If you have a term life policy, for example, you have a death benefit only, with no cash value.

For Whole life insurance, the cash value growth also grows the death benefit.

This GUL policy often has one of the lowest premiums in the marketplace, making it an excellent choice when you are looking for permanent death benefit protection vs cash value accumulation.

Few, if any, investment options for the cash value that will eventually comprise all of the death benefit.

For maximum whole life insurance cash value growth, choosing the paid - up additions option, which purchases additional paid - up insurance, will further enhance your policy's cash value and grow your death benefit.

Fifteen years ago, Alex purchased a participating whole life policy for the purpose of accruing cash value, planning for college funding and also securing a permanent death benefit for his family.

Cash value life insurance refers to a type of life insurance that, in addition to paying out a death benefit to your beneficiary or beneficiaries upon your death, accumulates cash value inside the policy while you are alive, that you can use for whatever you please.

The policy ends at age 121, at which point the non-guaranteed totals equal over $ 21,000,000 for the cash value and death benefit.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

Death Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments receDeath Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments reBenefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments rebenefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath, amounting to the difference between the initial premium paid and the cumulative income payments received.

However, one way a death benefit may be taxed is if you name your estate as the beneficiary or the total value of your estate is above the the federal estate tax exemption limit of $ 11,200,000 for an individual and $ 22,400,000 for couples.

Upon your death, loved ones receive income tax - free death benefits, and, while living, you have options for accessing the cash values.

On the protection side, it generally includes a tax - free death benefit to your loved ones and has an optional feature that gives you the ability to access your policy values to help pay for costs should the insured suffer from a chronic or terminal illness, just in case.

a feature of certain debt instruments that allow for the estate of a deceased investor to «put back» or redeem that instrument without penalty; bonds that carry a survivor's option usually redeem for par value when the survivor's option is exercised; in either case the benefit of the survivor's option can not be realized unless the original investor in the asset has died; because investor mortality risk must be taken into account when underwriting assets that carry a survivor's option, these assets are more complex and expensive to issue; also known as a «death put»

You're entitled to go fishing (for eligibility requirements): A traditional fully underwritten whole life or universal life policy gives you coverage for life, pays out the insurance benefit upon your death and includes an investment component of accumulated cash value.

If the cash value performs well, it can be used to increase the death benefit, withdrawn as cash or used as collateral for a loan.

The guarantees offered with whole life policies are a guaranteed level premium, guaranteed death benefit for your entire life and guaranteed cash value accumulation.

Whole life insurance is much more expensive than term life insurance — often 4 times as expensive for the same death benefit — because the premiums are going toward: the accumulating cash value, fees and charges (more on this later), and the death benefit (i.e., the life insurance).

Another top cash value company and policy, Pacific Life's Pacific Indexed Accumulator (IUL) is designed for high cash value growth, rather than a high initial death benefit.

For example, a $ 50,000 whole life plan could grow to provide a death benefit of over $ 100,000 over the course of 30 or 40 years if it is allowed to keep growing in value.

Whole life requires the policy owner to pay a fixed monthly premium for the rest of their life, and upon death, the company will payout the face value of the policy (death benefit) to the beneficiary.