Sentences with phrase «generally accumulate cash value»

Not exact matches

The net cash value will generally be lower than your total accumulated cash value for the first several years of coverage as it's reduced by fees and surrender charges.

The net cash value will generally be lower than your total accumulated cash value for the first several years of coverage as it's reduced by fees and surrender charges.

A survivorship policy is generally more cost - effective than two separate policies, giving you the potential to have your cash value accumulate more quickly over time.

For example, while whole life policies do provide a guaranteed death benefit, they also generally accumulate significant cash value that can be accessed during the insured's lifetime.

With permanent life insurance, you can access accumulated cash value to cover retirement expenses without generally having to pay any tax on the distribution, although it does reduce the cash value and death benefit amounts.

The cash value accumulates tax deferred, you can access the cash value tax free (up to the cost basis ̶ the amount paid in policy premiums), and the death benefit from your policy is generally paid out to your heirs income tax free.

You can generally make tax - free withdrawals (up to the amount paid in premiums) or use loans to tap into the accumulated cash value.

Generally, a life insurance policy's accumulated value is the cash value plus any dividend value (including interest).

Permanent Life Insurance This generally refers to insurance that accumulates cash value.

Furthermore, your cash value begins accumulating generally after the first year.

The net cash value will generally be lower than your total accumulated cash value for the first several years of coverage as it's reduced by fees and surrender charges.

With IULs, a part of your premium will go towards accumulating cash value in an indexed account whose rate of growth is generally linked to the market index of your choice.

Some policyholders find this appealing because they can access the cash value while they're still alive, although it generally accumulates interest and reduces the death benefit until you pay it back.

Policies are underwritten in such a way that it takes a while to accumulate any relevant cash value, generally over 10 years.

Generally speaking, after a policy has been in force for at least three years and the policy has accumulated some cash value, you can cancel the policy and take the surrender value in a cash payment.