Sentences with phrase «grows at a guaranteed rate»

The Grow - Up Plan's cash value grows at a guaranteed rate over time so that, after 25 years, it should equal or be greater than the amount you've paid in premiums.

Deferred annuities allow you to save money in a place where it will grow at a guaranteed rate and the growth will not be taxed until you take your money out.Money not previously taxed is taxed as income when withdrawn.

Fixed annuities are tax - deferred * retirement vehicles issued by insurance companies that grow at a guaranteed rate and offer you the opportunity to turn some or all of your savings into guaranteed income payments for life, or for a set period.

The cash value is basically an investment account inside your whole life insurance policy that grows at a guaranteed rate over time.

The cash value of your policy is tax deferred and grows at a guaranteed rate so long as your premiums are paid as they're due.

The cash value grows at a guaranteed rate annually and can be borrowed against to pay for certain things (such as an emergency hospital bill), but is not added to the death benefit.

In addition, the cash value will grow at a guaranteed rate of interest.

The cash value grows at a guaranteed rate until age 121, when the cash value is designed to equal the death benefit.

The cash value is basically an investment account inside your whole life insurance policy that grows at a guaranteed rate over time.

Not exact matches

With whole life insurance, the policy's cash value is guaranteed to grow at a certain rate each year and you can:

At a federal - provincial finance ministers» meeting in December 2012, the Finance Minister announced that, starting in 2017 - 18, the rate of growth in the Canada Health Transfer (CHT) would be reduced from 6 per cent per year to grow in line with a three - year moving average in nominal GDP, with a funding guarantee to grow by at least three per cent per yeaAt a federal - provincial finance ministers» meeting in December 2012, the Finance Minister announced that, starting in 2017 - 18, the rate of growth in the Canada Health Transfer (CHT) would be reduced from 6 per cent per year to grow in line with a three - year moving average in nominal GDP, with a funding guarantee to grow by at least three per cent per yeaat least three per cent per year.

So, if the market does well, your money could grow at a higher rate than the guarantee.

With whole life insurance, the policy's cash value is guaranteed to grow at a certain rate each year and you can:

Invest your money at a competitive rate knowing your interest is guaranteed — and that you can access your principal if you need to before the end of your investment term.1 Best of all, your savings grow faster because you earn interest tax - free.2

While the policy's cash value is guaranteed to grow at a certain rate, this can be lower than other investment vehicles and you need to determine what fees are applied

I am a very low risk tolerance person... 18 years to retirement... I am NOT looking for stock market like gains because I can't stomach losing funds — I'll settle on the slow buy steady grow and a guaranteed payout at age 68 (and I know not to put more than 100k with a company because that is what my state insures each acct for in the case my AM Best «A» rated company goes under.

A portion of your premium will be applied to the policy's cash value and grow at a minimum rate guaranteed by the issuing insurance company.

With this type of annuity, your money will grow at a guaranteed interest rate for a set period of time.

Inflation Protection: You can opt to have your annuity income be guaranteed to keep pace with inflation or grow at a preset rate.

Some income riders grow at a contractually guaranteed rate during the deferral years for future lifetime income.

Additionally, the cash value will grow at a minimum guaranteed interest rate.

With a whole life insurance policy, the death benefit is guaranteed, and the cash value funds will grow at an interest rate that is set by the insurance company.

Unlike whole life insurance, where cash is only guaranteed to grow at a fixed conservative rate of interest, the funds that are inside of a variable life policy are tied to a variety of different market related investment options.

The cash value builds by deferring a portion of your premiums, and depending on the type of coverage you buy, is invested in securities or grows at a fixed rate guaranteed by the insurance company.

These policies carry a «cash value» component that grows tax deferred at a contractually guaranteed amount (usually a low interest rate) until the contract is surrendered.

Whole life insurance is a much safer product in that most whole life policies have a guaranteed premium which gets you a fixed death benefit and cash value that grows at fixed, guaranteed rate.

With a fixed deferred annuity, your money will grow tax - deferred at a guaranteed fixed rate of interest.

For example, if your cash value was guaranteed to grow at a rate that was within 2 % of your loan interest rate, which was 6 %, it would be guaranteed to be at least 4 %.

Many policies guarantee that something called your «benefit base» or «income base» will grow at a fixed rate of return.

With a whole life insurance policy, the death benefit is guaranteed, and the cash value funds will grow at an interest rate that is set by the insurance company.

This cash will grow at a set, guaranteed rate of return.

Unlike whole life insurance, where cash is only guaranteed to grow at a fixed conservative rate of interest, the funds that are inside of a variable life policy are tied to a variety of different market related investment options.

The second product is a cash value account that grow at either a guaranteed interest rate or the current rate whatever is higher.

The primary differences are that the cash value for whole life insurance policies grows at a guaranteed interest rate and premiums are level for the life of the policy.

Life insurance with cash value is designed to grow in total value at a guaranteed rate of return (provided that you make your premium payments on schedule).

This type of coverage is guaranteed in terms of the death benefit amount, regardless of the insured's increasing age, and whether or not the insured contracts a health issue — and, the cash value will grow at a set interest rate that is set by the insurance company.

The maximum premiums are set by the IRS guidelines such that the premiums paid within a seven - year period after a qualifying event (such as purchase or death benefit increase), grown at a 6 % rate, and using the maximum guaranteed costs of insurance in the policy contract, would endow the policy at age 100 (i.e. the cash value would equal the death benefit).

Meanwhile, the cash value will grow at a guaranteed crediting rate, tax - free.

You don't die and need cash for House, Kids College, Unforeseen Event, you have an accumulated cash account growing at a guaranteed yearly rate.

The minimum Sum Assured is guaranteed as an accumulated value of total premiums paid growing at a compounded rate of 0.25 % p.a.

With whole life insurance, the policy's cash value is guaranteed to grow at a certain rate each year and you can:

Due to the beauty of compound interest, the principle and interest of the cash account in the policy grows at an internal rate of return which factors in a guaranteed return plus dividends.

The cash value grows at a steady rate with minimum guarantees every year.

You are using money that has grown at around a guaranteed rate of 4 % a year, plus dividends that add another potential 2 - 3 % a year.

The cash value grows tax - deferred over time, and is guaranteed to grow at a particular rate in the case of whole life policies.

While the policy's cash value is guaranteed to grow at a certain rate, this can be lower than other investment vehicles and you need to determine what fees are applied

Many young families want the most life insurance at the lowest price while their family is growing, and a 30 year term life plan can guarantee you low rates for the entire 30 years of your policy.

Although policyowners must pay interest on policy loans, cash values continue to grow and as the insurance company credits at least the minimum guaranteed rate in the policy.

Employment figures are up and the economy is continuing to grow but at a slow enough rate that people are still a bit hesitant to job search without guarantees of something better, which means the name of the game in the New Year will be competitive hiring / retention practices.