Sentences with phrase «full cash value amount»

Not exact matches

That means you are borrowing from the company, using your cash value as collateral, and the company is still crediting your account as if the FULL amount of your cash value was still present.

If the mutual fund to which the cash value is invested returns a rate that exceeds 20 %, the full amount is credited to the policy holder's account (minus fees of course).

Although you still need to make the full premium payment, having the ability to tap the cash value provides policy holders with options to cover that amount.

This is the value that surrender charges would be applied to within a deferred annuity, and the amount you can transfer to another annuity or cash out in full.

Your cash back will automatically be applied up to the full transaction amount or the cash value of your rewards balance, whichever is less.

Or if you're redeeming for a premium cabin award, you'd never pay such an exorbitant amount of actual money, so it's not fair to calculate the redemption at full cash value.

Generally these can be taken under one of three possible non-forfeiture options: (1) surrender for full cash value; (2) use of the cash value to purchase reduced paid - up life insurance; and (3) use of the cash value to purchase extended term insurance in the full face amount of the original policy for as long as the cash value will pay net premiums.

This definition is often used to compare it to Actual Cash Value (ACV) and to explain why you are not being paid the full amount of your damages.

The collateralized cash value equivalency amount that would be leveraged against a loan must be paid back in full in a timely manner.

Term life insurance doesn't accrue cash value like several other types of life insurance, but with many term policies, beneficiaries do receive the full face amount.

You can cash in either a portion of the cash value accumulation or receive the full amount if you surrender the whole life policy.

For example: As you age, the cost of life insurance will increase; and, if you do not pay the full amount of the premiums you owe (to cover the cost of increase), an insurer will reconcile the difference by taking money from the cash value you have in your policy — the cash value of your life insurance will decline — to resolve this divide.

You could choose at that time to keep the full amount of coverage for as long as your cash value plus dividends will keep this policy in force.

The cash value can be used to purchase extended term insurance... that is insurance for the full amount for a limited period of time.

Reimbursement value reimburses you the full amount to replace items if they are stolen or damaged; actual cash value reimburses you the amount the items are worth now after years of depreciation.

A modified endowment contract is a cash value life insurance contract in the United States where the premiums paid have exceeded the amount allowed to keep the full tax treatment of a cash value life insurance policy.

Most policies written today use Full Replacement Value coverage which will pay for full replacement costs up to the limits of the policy, but some insurers still write policies for Actual Cash Value, which only pays you a depreciated amount for the losses based on the age and condition of the items involFull Replacement Value coverage which will pay for full replacement costs up to the limits of the policy, but some insurers still write policies for Actual Cash Value, which only pays you a depreciated amount for the losses based on the age and condition of the items involfull replacement costs up to the limits of the policy, but some insurers still write policies for Actual Cash Value, which only pays you a depreciated amount for the losses based on the age and condition of the items involved.

Actual cash value means that your renters insurance company will extend funds in the original and full value amount of the product.

Similarly, if your policy only pays for actual cash value instead of full replacement cost, the amount you receive in your insurance claim will most likely fall far short of the amount needed to replace the device.

Another possibility that homeowners should be aware of is that your policy could limit the amount the insurance company pays by providing coverage as actual cash value rather than full replacement cost.

Generally, for full tax deferral, you must (1) acquire like - kind replacement property that is equal to or greater in value than the relinquished property sold (based on net sales price, not based on your equity); (2) must reinvest all of the net proceeds or cash (net equity) generated from the sale of the relinquished property; and, (3) must replace the amount of old debt that was paid off on the disposition of the relinquished property with new debt of an equal amount on the like - kind replacement property.