Sentences with phrase «endowment age»

With a typical whole life policy, the death benefit is limited to the face amount specified in the policy, and at endowment age, the face amount is all that is paid out.
How much the senior life insurance polic y endowment age 90 value develops at some point relies upon largely on how well the plan provider is doing with their investment strategies.
Finally, there is no endowment age with most VUL's (the age at which the cash value equals the death benefit amount).
You're correct about the «paid up at age 98» business — that it doesn't necessarily mean the policy endows at 98 — but I think you're mistaken when you say «The endowment age could be much later.»
The endowment age could be much later.
With most if not all VULs, unlike whole life, there is no endowment age (the age at which the cash value equals the death benefit amount, which for whole life is typically 100).
(The endowment age was recently raised to 121, from 100, with the intention that people would not survive to collect their own life insurance.)
The guaranteed cash value will match your guaranteed minimum death benefit, and you will get a check for your face amount if you reach the endowment age.
The combination over the years of no endowment age, continually increasing death benefit, and if a high rate - of - return is earned in the separate accounts of a VUL policy; this could result in higher value to the owner or beneficiary than that of a whole life policy with the same amounts of money paid in as premiums.
Finally, there is no endowment age with most VUL's (the age at which the cash value equals the death benefit amount).
Whole life insurance benefits are paid at the insured person's death or at the endowment age, which is typically 100 years old.
With variable universal life insurance there is no endowment age.
Typically whole life insurance carries an endowment age of about 100 years old.
If you live to endowment age, the company will pay the face amount of the policy to you, tax - free.
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