Sentences with phrase «go against the death benefit»

You policy loan and any accrued but unpaid interest go against the death benefit.

However, it is important to know that any unpaid loans will go against the death benefit.

Not exact matches

(It is important to note, though, that any unpaid loan balance at the time of the insured's death will go against the amount of the death benefit that is paid out to the policy's beneficiary).

It will also go against the value of the death benefit.

It is important to note, though, that any unpaid balance at the insured's death will go against the amount of the death benefit that is paid out to the beneficiary.

Withdraw Money or Borrow Against It When you pay your premium, a portion of each payment goes toward the death benefit, but a portion also goes to building up the policy's savings component (also known as the «cash value»).