Sentences with phrase «higher death benefit guaranteed»

I cut her premiums out all together and got her a 120 % higher death benefit guaranteed for life, never to make another premium payment.

Not exact matches

The consumer will incur a surrender charge, be subject to the commencement of a new surrender period, lose existing benefits (such as a higher crediting guarantee than is currently available, as well as death, living or other contractual benefits), or be subject to increased fees, investment advisory fees or charges for riders and similar product enhancements;

But contracts with rich death benefit guarantees go in the other direction — they have higher mortality.

Similarly, guaranteed acceptance whole life insurance offers the ability to skip detailed health questions and the medical exam, but premiums will be even higher and the death benefit will be limited (typically less than $ 100,000).

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

Guaranteed issue has very high premiums, low death benefit payouts, and not all insurance carriers offer it.

In addition, Northwestern Mutual offers the option of paying a higher premium to guarantee the death benefit, an option that's not standard for most variable universal policies.

Similarly, guaranteed acceptance whole life insurance offers the ability to skip detailed health questions and the medical exam, but premiums will be even higher and the death benefit will be limited (typically less than $ 100,000).

In addition to the higher premiums, one of the main drawbacks to a guaranteed issue life insurance is that your beneficiaries wouldn't receive a full death benefit until your policy has been in force for a specific length of time (typically between one or two years, depending on the life insurance company).

Jeremy Hallett, founder of online insurance marketplace Quotacy, said in an interview that premiums are typically 10 times higher for whole life policies than they are for term life policies with the same death benefit because permanent insurance provides coverage for life with guaranteed level premiums.

Voya IUL offers death benefit protection and market index cash accumulation at a guaranteed interest rate, providing higher growth potential than tradition universal life plans.

Some carriers offer guaranteed universal life insurance options and adjust the amount of the premium higher while making the policy amount lower, so that in addition to offering a guaranteed death benefit, the policy almost immediately begins to generate a larger cash value.

Repaying the cash value in your policy allows it to exponentially grow, allowing more cash value, more guaranteed growth, more tax advantaged dividends, growing death benefit and essentially a compounding AND EVER EXPANDING SAFE BUCKET to provide greater means to pursue, higher risk, higher return investments... and the strategy compounds and grows and grows and compounds.

It's a high premium, but they are both likely to die within 20 years, and they both have a guaranteed $ 4 million death benefit.

Many people opt for a guaranteed universal life insurance policy because of the low premiums and high death benefit.

Death benefit amount: Higher of basic sum assured + guaranteed additions, 10 X annualized premium and 105 % of premiums paid

Policies that build cash value have their place, but if the main objective is to get the highest death benefit for the lowest possible cost then typically a universal life, or guaranteed universal life is the way to go.

If your diabetes isn't controlled, you may have to look at a guaranteed issue life insurance policy which often comes with much higher premiums for your coverage with a lower total death benefit.

The high premiums, combined with a low face amount for the death benefit, make guaranteed issue life insurance a less desirable option for relatively healthy individuals.

A whole life insurance policy works best for someone who can afford the higher premiums and wants a guaranteed death benefit for their family members or estate no matter how long they live.

Due to the flexibility of variable life, however, this type of policy can allow policy holders to obtain a much higher rate of return on invested funds, while at the same time getting the protection of a guaranteed amount of death benefit coverage.

Because these policies are available to people with health problems, the price is often higher than a policy with guaranteed death benefits from day 1.

With «Guaranteed Issue» life insurance, there are no health questions, so just about anyone can qualify, though cost is high for relatively smaller death benefits.

On death of the policyholder, an amount which will be higher of the fund value as on the date of death or the Guaranteed Death Benefit is payable to the nomdeath of the policyholder, an amount which will be higher of the fund value as on the date of death or the Guaranteed Death Benefit is payable to the nomdeath or the Guaranteed Death Benefit is payable to the nomDeath Benefit is payable to the nominee.

However, guaranteed issue life insurance generally offers low death benefit options with higher than normal premiums.

On death of the insured a death benefit will be paid which will be higher of the aggregate premiums paid compounded @ 1 % including the accrued Guaranteed Additions and bonuses or 105 % of all premiums paid till death.

The Guaranteed Death Benefit is defined as higher of 11 times the annual premium or 105 % of the total premiums paid till the date of death or the Guaranteed Maturity Sum Assured chosen at the time of inception of the Death Benefit is defined as higher of 11 times the annual premium or 105 % of the total premiums paid till the date of death or the Guaranteed Maturity Sum Assured chosen at the time of inception of the death or the Guaranteed Maturity Sum Assured chosen at the time of inception of the plan.

On death higher of 125 % or 110 % of the Single Premium paid depending on the age of the policyholder or the Guaranteed Maturity Benefit is paid

While it may be expensive, you'll get a higher death benefit and better terms than if you purchased a guaranteed issue life insurance policy.

In case of death of the insured during the tenure of the plan, a benefit higher of 10 times the annual premium or base Sum Assured or minimum guaranteed Maturity Sum Assured or 105 % of all premiums paid till the date of death is payable along with the vested reversionary bonuses.

In this illustration, which assumes that the current 2.17 percent 10 - year T - note rate remains level, the T - notes can provide a higher return on your money (dark - gray line) vs. the guaranteed return (light - gray line)-- but no death benefit past age 69.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

Death benefit amounts of whole life policies can also be increased through accumulation and / or reinvestment of policy dividends, though these dividends are not guaranteed and may be higher or lower than earnings at existing interest rates over time.

In addition to higher premiums, insurance companies that issue guaranteed life policies protect themselves against risk in two additional ways: (1) by offering relatively low payouts, and (2) by typically not providing a death benefit during the first two years after issuing the policy (if the policyholder dies during this time, the company issues a refund of premiums instead).

On death, the Sum Assured on death is payable which is higher of 125 % of the Single Premium is age is less than 45 years or 110 % of the Premium for ages equal to and above 45 years or the Guaranteed Maturity Benefit

Death Benefits: In case of the insured's death, Higher of, Sum Assured Or, Guaranteed Maturity Benefits are subject to a minimum 105 % of all premiums paid till death is payDeath Benefits: In case of the insured's death, Higher of, Sum Assured Or, Guaranteed Maturity Benefits are subject to a minimum 105 % of all premiums paid till death is paydeath, Higher of, Sum Assured Or, Guaranteed Maturity Benefits are subject to a minimum 105 % of all premiums paid till death is paydeath is payable.

By contrast permanent life insurance policies, which include whole life and universal life policies, typically have higher monthly premiums, but are designed to provide a guaranteed death benefit to your heirs, as long as you continue to make your premium payments.

With EstateWise Platinum a one - time premium deposit of as little as $ 10,000 can buy a guaranteed death benefit that is significantly higher than the single payment.

(2) Guaranteed issue has very high premiums, low death benefit payouts, and not all insurance carriers offer it.

Consider guaranteed universal life if you are more concerned about a death benefit and do not need high cash value growth.

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.

The premium is set high enough for the company to guarantee a buildup of cash reserves, or cash value which will eventually equal the death benefit.

These are guaranteed issue life insurance policies with high premiums and low death benefits to families.

Death benefit guarantees that if the annuity holder dies before the payout begins, the beneficiary will be paid the full value or the total premiums paid, whichever is higher.

While many types of annuities allow the annuity owner to name a beneficiary (usually a spouse) who will be eligible for either continued payments or death benefits, a straight life annuity forgoes this added benefit in favor of higher guaranteed payments while the annuitant is alive.

If you are interested in using the cash value to purchase another policy with a higher guaranteed death benefit... let me know and I'll run some numbers for you.

In addition, Northwestern Mutual offers the option of paying a higher premium to guarantee the death benefit, an option that's not standard for most variable universal policies.

There are «no exam life insurance policies» that do not require you to undergo urinalysis or medical examination, as well as «guaranteed issue», or graded death benefit insurance policies — but rates for these types of policies are typically higher.

Therefore, those who may have certain health issues could still qualify for this policy — and it could be a viable option if someone is looking for guaranteed death benefit protection, along with protection of cash value and possible higher growth.

Guaranteed Death Benefit + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) Here, the Guaranteed Death Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the poDeath Benefit + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) Here, the Guaranteed Death Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the poDeath Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the podeath of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the policy.