Sentences with phrase «held in a whole life policy»

Not exact matches

In some cases, cash value insurance, specifically whole life insurance, features a minimum rate of return guarantee on funds held in a policy's cash account, which is one of many whole life insurance pros and conIn some cases, cash value insurance, specifically whole life insurance, features a minimum rate of return guarantee on funds held in a policy's cash account, which is one of many whole life insurance pros and conin a policy's cash account, which is one of many whole life insurance pros and cons.

The systematic payments would be used to fund a tax - free universal or whole life insurance policy that could either be held in or outside of the estate.

Held in what are called Universal or Whole life insurance policies, single premium life insurance plans eliminate the need to worry about meeting annual premium payments.

In addition, you pay many of the costs of whole life policies up front, so after a certain point it may become more efficient to hold on to it.

The future of your monetary accounts — everything from 401 (k) s, IRAs and other retirement funds — to your life insurance policy (plus cash holdings from any whole life policies), needs to be stipulated in your will.

Common sense says that whole life clients that hold on to their policies for their whole life are going to have them pay out — with that being said, the company has to make their monies worth, and I can assure you that very few of their clients pay $ 100,000 in premiums over the course of their lives.

In other words, you should be prepared to hold a whole life insurance policy for the long haul to make a potentially good investment.

When considering that whole life has a traditionally low rate of return and is exposed to high fees throughout the duration of the policy, the tax savings rarely offset what is lost in the investments held by insurance plans.

In some cases, the replacement policy is one that has more flexibility (e.g., going from a whole life policy to a universal life policy), or just costs less to maintain (e.g., a death - benefit - only universal life policy that doesn't accumulate cash value, to replace an existing cash value accumulation policy, so the new policy can simply be held until death to obtain the tax - free death benefit).

In some cases, cash value insurance, specifically whole life insurance, features a minimum rate of return guarantee on funds held in a policy's cash accounIn some cases, cash value insurance, specifically whole life insurance, features a minimum rate of return guarantee on funds held in a policy's cash accounin a policy's cash account.