Sentences with phrase «faster than a whole life insurance policy»
A universal life insurance policy, when well funded, has the potential to grow faster than a whole life insurance policy over time.
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High cash value policies with paid up additions earn cash accumulation much faster than ordinary whole life insurance.
With a participating whole life policy, the insurance company may pay dividends, which are often retained in the cash value, allowing the surrender amount to grow faster and larger than the guaranteed surrender values.
During times of rising interest rates a universal life insurance policy may also increase rates faster than a whole life policies increase dividends.
No load life insurance allows your cash value to accumulate faster than a traditional whole life policy would, since more of your premiums are going towards that cash value rather than paying into commission.