Sentences with phrase «early years of the contract»

Your insurance company could particularly limit withdrawals during the early years of your contract.

Another source is from people who died in the early years of their contract, since that money goes to the insurance company, not the heirs of the contact owner.

While some types of annuities allow portions of the account value to be withdrawn for income needs, annuity owners typically can't withdraw the full account value in the early years of the contract without potentially paying a withdrawal charge.

Most annuities have surrender charges that are assessed in the early years of the contract if the owner surrenders the annuity before the insurance company has had the opportunity to recover the cost of issuing the contract.

Premiums are higher than term in the early years of the contract.

Most annuities have surrender charges that are assessed during the early years of the contract if the contract owner surrenders the annuity.

Because they are meant for long - term accumulation, most annuities have surrender charges that are assessed during the early years of the contract if the contract owner surrenders the annuity.

Most policies have surrender charges that are assessed during the early years of the contract if the contract owner surrenders the policy.

This surrender charge is the insurance company's way of covering the cost of administering the account during the early years of the contract AND is in addition to the tax penalties for early withdrawal or surrender of the contract.

Most annuities have surrender charges that are assessed if the contract owner surrenders the annuity during the early years of the contract.

Most have surrender charges that are assessed during the early years of the contract if the contract owner surrenders the policy; plus, there could be income tax implications.

Premiums for Universal Life Insurance are normally high, especially in the early years of the contract.

The key to making money in a VUL product is to fund it well in the early years of the contract.

Keep in mind that during the early years of the contract a whole life policy may have surrender charges so be mindful of the schedule for those.

Most policies have surrender charges that are assessed during the early years of the contract if the contract owner surrenders the policy.

Premiums are higher than term in the early years of the contract.