Sentences with phrase «guaranteed death benefit feature»

One advantage variable annuities have over mutual funds is the guaranteed death benefit feature.

Not exact matches

This feature guarantees that the policy will not default, even if the cash surrender value falls to zero or below, provided that the Death Benefit Protection Value remains greater than zero and policy debt never exceeds the Policy Value.

Both Durham and Stamps agree that lifetime death benefit guarantees remain a very important feature in UL for both consumers and producers.

The man's wife is featured in the ad with McGrath, who helped guarantee benefits to the family after Sanford's death.

With regard to permanent life insurance with a guaranteed insurability option, this feature, in addition to the customary death benefit, may provide a financial cushion for children well into their adult years.

This fixed index annuity offers the same traditional fixed annuity benefits such as guaranteed minimum interest and death benefits, flexible retirement income options, and tax - deferred * earnings, but has the added feature of a 2.5 % or 5 % bonus to give your contract value an instant boost.

GOLD SERIES SAGE CHOICE SINGLE PREMIUM DEFERRED ANNUITY — PRODUCT OVERVIEW 6 Year Single Premium Deferred Annuity Issue Ages: 15 days — 90 years (age last birthday) Minimum Premium — $ 2,000 Maximum Premium — $ 500,000 per Owner Free Withdrawal Provision («Bailout Feature»): Included in the Contract Guaranteed Minimum Interest Rate: 2 % for the first 10 years and 3 % thereafter Contract Loan — Not Available for this product Free - Look Period — 30 days Death Benefit: Accumulation Value on the date of the Owner's dDeath Benefit: Accumulation Value on the date of the Owner's deathdeath.

Insurance companies are trying to take the «gambling with your life» feature out of annuities, through guaranteed death benefits.

Many permanent life insurance options include a guaranteed minimum death benefit and feature cash value growth over time.

Some insurance policies are quite complex and can have a number of features such as guaranteed death benefits, guaranteed interest etc., incorporated into them.

The best life insurance companies have strong financial stability and are rated highly by financial and consumer institutions, guaranteed to pay out death benefits and provide a list of features and services you need to build a financial safety net.

The policy features guaranteed death - benefit protection and flexibility to make partial withdrawals while maintaining pro-rated benefits.

This universal policy features a guaranteed death benefit and can be used toward key man business life insurance.

With a Universal Life policy with Secondary Guarantees, the death benefit is guaranteed for life and you have the flexibility of adjusting your premiums, a valuable feature since estate tax rates and exclusion amounts keep changing from year to year.

It features a fixed level premium, fixed death benefit and a fixed, guaranteed rate of cash value accumulation.

GOLD SERIES SAGE CHOICE SINGLE PREMIUM DEFERRED ANNUITY — PRODUCT OVERVIEW 6 Year Single Premium Deferred Annuity Issue Ages: 15 days — 90 years (age last birthday) Minimum Premium — $ 2,000 Maximum Premium — $ 500,000 per Owner Free Withdrawal Provision («Bailout Feature»): Included in the Contract Guaranteed Minimum Interest Rate: 2 % for the first 10 years and 3 % thereafter Contract Loan — Not Available for this product Free - Look Period — 30 days Death Benefit: Accumulation Value on the date of the Owner's dDeath Benefit: Accumulation Value on the date of the Owner's deathdeath.

So, if a policyholder had purchased a Colony Term universal life 10 policy, and then they decided five years after purchasing it that they wanted to have coverage for the remainder of their lifetime, then the coverage extension feature would have allowed the insured to extend the death benefit protection guarantee to either age 90, age 100, or 105 — and, this could occur without the need for the insured to provide evidence of insurability.

Universal life policies continue to be popular because many offer a guaranteed death benefit coupled with an investment feature, says LIMRA spokeswoman Catherine Theroux, the latter feature which has helped to drive product sales in the past few years.

Some of these features include access to the funds if the owner is confined to a nursing home, 10 % to 20 % free withdrawals each year for any reason, increased value as a death benefit, and higher interest earning guarantees while taking a fixed income stream that includes the ability to stop at any time and continue the annuity.

Whole life insurance features a permanent death benefit, rather than a limited - term death benefit, and a level premium, guaranteed never to rise.

Platinum boasts multiple new features at no additional cost, including a return of premium rider, guaranteeing the policy's cash surrender value will never be less than the premium payment; accelerated benefit riders for chronic illness, critical illness, and terminal illness; and a charitable giving rider, a unique feature that provides an additional death benefit of 1 percent of the policy face amount to the applicant's charity of choice.

The main features are that it lasts your whole life, and offers guaranteed premiums, death benefit, and cash value accumulation.

Fixed and indexed annuities offering an increasing death benefit can be a valuable feature for those looking to guarantee yearly gains, establish a lifetime income stream or pass an existing tax - deferred asset to the next generation.

With universal life insurance, Erie Family Life offers several features including a guaranteed interest rate, guaranteed cash value, guaranteed level death benefit, flexible payments, tax - free policy loans, and more.

The possible features include tax - deferred earnings, a guaranteed death benefit for your love ones and the opportunity to receive market - related returns.

Whole life insurance features level premium payments and guaranteed death benefits as well as guaranteed cash values.

The increasing death benefit is a desirable feature, but guaranteed lifetime income during retirement might be the primary goal for some retirees.

Policy Advantages: The Coverage Continuation Benefit is a built - in policy feature that can guarantee the death benefit up to Benefit is a built - in policy feature that can guarantee the death benefit up to benefit up to age 95.

Whole life insurance is a kind of permanent coverage and features a fixed, level premium and guaranteed death benefit with a cash value that allows policyholders to save for retirement.

Non-payment of the requirement premium and changes to the specified amount or death benefit option may also damage the no - lapse guarantee feature.

Whole life insurance offers a fixed premium, death benefit and an equity / cash value feature with a guaranteed rate of return.

While once upon a time there were few reasons to purchase a deferred annuity besides the preferential tax - deferral treatment, since the early 2000s annuities has been increasingly popular for their guaranteed living benefit riders, along with enhanced death benefit, unique investment features (in the case of certain equity - indexed annuities), or outright superior fixed income yields (with some fixed annuities).

Find out what is the plan's maturity and death benefit, does the plan pay any bonus if it is a traditional insurance plan or is there a feature of loyalty or guaranteed additions in the unit linked policy, etc..

Regardless of which carrier you ultimately select and purchase a policy through, all guaranteed acceptance products feature a graded death benefit period.

One of the key features of this type of policy is the guaranteed death benefit available at an affordable premium rate.

Whole life policies feature a guaranteed level death benefit for life, and a guaranteed level premium for life.

When choosing a policy with an investment feature, you can limit your risks by choosing one with a guaranteed minimum death benefit.

When used in that way, a deferred annuity is basically an account that happens to have some of the features of an annuity: certain tax characteristics, and perhaps some guarantees made by an insurance company (including the possibility of a death benefit).

If this is the case, you should determine whether the new plan will provide you with a guaranteed death benefit or some other favorable feature which the current plan does not offer.

It has been a standout product in the industry because it not only guarantees a death benefit to age 121, but at no lapse UL prices it also has a cash value accumulation feature not unlike -LSB-...]

The plan provides guaranteed benefits on death as well as maturity and has a few unique features, LIC said in a release here today.

One of the most valuable features of a term policy is the ability to «convert» it to permanent life insurance (usually a guaranteed universal life (GUL) policy), for the original or reduced death benefit, with no proof of health.

Some insurance policies are quite complex and can have a number of features such as guaranteed death benefits, guaranteed interest etc., incorporated into them.