Sentences with phrase «entire cash value of your policy»

You read that right, while your loaned cash value is working to earn you money in other areas, you'll continue to receive tax advantaged dividends at the same rates based upon the entire cash value of your policy.

You read that right, while your loaned cash value is working to earn you money in other areas, you'll continue to receive tax advantaged dividends at the same rates based upon the entire cash value of your policy.

Not exact matches

Therefore, while you may be able to borrow nearly the entire amount of the policy's cash value, this can be incredibly risky.

In either of these cases, provincial legislation protects the entire policy — including the death benefit and cash value — from the claims of creditors of the policy owner during his lifetime and after death.

And while term insurance is sold for specific periods of time, typically anywhere from 5 to 30 years, a cash value insurance policy is usually considered to be a permanent life insurance policy, as these products are designed to remain in force for your entire life.

No more lapses As the policy premium is single and is paid up in a lump sum, therefore, you do not have to stress over policy getting lapsed in a case of premium non-payment hence, making the policy valid for the entire policy term, which creates a good cash value while you render policy benefits in the end.

The main differences between term and permanent life insurance are that permanent life insurance is in force for your entire life (as long as you pay the premiums) instead of a certain «term,» and permanent insurance accumulates cash value over the life of the policy.

Over time, the savings component provided by the policy grows and the death benefit shrinks; if the policyholder dies after the cash value of the policy is fully realized, the entire amount paid comes from the cash value rather than the death benefit.

Permanent life insurance gives a policy holder coverage for their entire life and also offers the additional advantage of a cash value accumulation.

The coverage can last your entire life and includes a policy cash value with the convenience of a payment schedule that you determine.

Whole life or permanent insurance provides coverage for your entire lifetime and has a savings element that builds cash value over the life of the policy.

Over time, the savings component provided by the policy grows and the death benefit shrinks; if the policyholder dies after the cash value of the policy is fully realized, the entire amount paid comes from the cash value rather than the death benefit.

Whole life insurance is a cash value type of life insurance policy that provides protection during your entire lifetime and offers two key benefits:

Therefore, while you may be able to borrow nearly the entire amount of the policy's cash value, this can be incredibly risky.

Affordable coverage for your entire life Level, fixed premium rates that will never change Building of cash value on a tax - deferred basis Access to policy's loan value1 through policy loans and withdrawals, if needed An option as part of your estate planning / funeral expenses The comfort that comes from knowing that you have secured the future for those counting on you

He will be able to pay the same $ 200 monthly premium for his entire life, while potentially taking out loans against the cash value of the policy down the road to cover the cost of future premiums.

On the other hand, Permanent life insurance provides protection that can last a lifetime or the entire life of the policy, it can even build cash value that can be used even when you're alive.

A permanent life insurance policy that provides insurance coverage for the entire life of the insured and generates cash value.

Not only does permanent life insurance last your entire lifetime, but these types of policies build up cash value as well.

You can find some policies which can be converted to more permanent life insurance which typically provides coverage for the entire life of the policyholder while also building cash value for them that they can cash in when they get older.

Some waivers cover only the cost of insurance, while others replace the entire premium allowing the cash value in a permanent policy to keep growing.

If you choose to pay off the loan, your death benefit will be reinstated as the initial face value of the policy (plus the entire cash - value amount earned while owning the policy, if you have requested that option).

And while term insurance is sold for specific periods of time, typically anywhere from 5 to 30 years, a cash value insurance policy is usually considered to be a permanent life insurance policy, as these products are designed to remain in force for your entire life.

Since a senior life insurance policy is a form of whole life insurance, you'll get many of the same benefits of a whole life policy: the policy lasts your entire life and builds cash value tax - free, you can borrow against that cash value for any reason and the death benefit is paid out tax - free to your beneficiaries.

Policy owners can even take withdrawals from the cash value late in the policies life, and still have enough value to keep the policy in force for the entire life of the inPolicy owners can even take withdrawals from the cash value late in the policies life, and still have enough value to keep the policy in force for the entire life of the inpolicy in force for the entire life of the insured.

Permanent life insurance policies last your entire life and include a savings component called cash value that builds over the course of your life.

Permanent policies like whole life insurance build cash value over your entire life out of the premiums you pay, but the death benefit phases out so that by the time you reach your golden years the policy will only pay out what you've paid in, plus some interest.

These benefits often translate to a portion of the actual cash value of the policy, but they can sometimes amount to its entire value.

You get both the death benefit and the cash value, and typically, the death benefit and premium remains the same over the entire span of the policy, which is carried over during your lifetime.

Although the majority of the clients we serve come here to compare term life insurance quotes, there are times when it makes sense to opt for a policy that builds cash value and lasts your entire life.

These types of policies are set for the entire lifetime of the policyholder and provide guaranteed premiums and cash values that grow from one year to the next.

Term life insurance plans cover the policy owner for a set time period and do not build cash value because the entire premium paid goes toward the cost of the insurance.

If, however, the insured passes away after owning this policy for more than two years, then the entire amount of the stated death benefit will be paid out (minus any unpaid cash value loan balance).

The main differences between term and permanent life insurance are that permanent life insurance is in force for your entire life (as long as you pay the premiums) instead of a certain «term,» and permanent insurance accumulates cash value over the life of the policy.