Sentences with phrase «in death benefit value»

In general, Term Life insurance offers you the most in death benefit value for your monthly premium — but, remember that Term Life insurance has no cash value, and pays out to your beneficiaries only if you pass away before the end of the term.

Not exact matches

In the event you pass, the cash value is not paid to your beneficiary like the death benefit would be.

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

Cash value life insurance refers to any life insurance policies that not only have a death benefit but also accumulate value in a separate account within the policy.

(Keep in mind, however, that withdrawing or borrowing funds from your policy will reduce its cash value and death benefit if not repaid.)

¹ Access to cash values through borrowing or partial surrenders will reduce the policy's cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.

The costs of administering the Accumulated Value death benefit are included in the annual mortality and expense risk charge.

In the case that you pass, the policy beneficiaries should file a claim with the insurer, after which point the circumstances of your death will be reviewed and receive the payout (also called a death benefit or the face value of the policy) so long as everything is in ordeIn the case that you pass, the policy beneficiaries should file a claim with the insurer, after which point the circumstances of your death will be reviewed and receive the payout (also called a death benefit or the face value of the policy) so long as everything is in ordein order.

Your death benefit would then be $ 125,000, even if your investments to decline in value for the rest of your life.

For example, a $ 50,000 whole life plan could grow to provide a death benefit of over $ 100,000 over the course of 30 or 40 years if it is allowed to keep growing in value.

The taxable amount would be the the death benefit minus the value of whatever was paid to you, as well as any amount paid in premiums since they acquired the policy.

Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).

In a nutshell, while most whole life insurance is fixated on maximizing the death benefit of a policy and just allowing cash values to grow over time, strategic self banking focuses on maximizing life insurance cash values, so the whole life insurance plan can be used strategically as a savings and personal financing vehicle for the purpose of recapturing your cost of capital incurred when having to deal with third party lenders or using your own cash.

If you completed the death benefit worksheet, enter the value from line F in box 6.

Naturally, a policy buyer would prefer the insured to be elderly, in poor health, with a policy that has low cash value and a high death benefit, because all of these factors might increase the buyer's yield - to - maturity on the policy when you die.

Make sure the policy you choose has the coverage you need in terms of level premiums, death benefits and cash value when it matures.

The additional coverage in excess of the Contract Value is only available to use for a qualified long - term care benefit and will not become part of the contract value or the death benValue is only available to use for a qualified long - term care benefit and will not become part of the contract value or the death benvalue or the death benefit.

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

However, Gerber Life's Grow - Up Plans and College Plans are not recommended as investments, as they both grow in value very slowly and provide limited death benefits.

The cash value will be included in the death benefit payment, so as your cash value grows the insurer's commitment to cover the death benefit shrinks.

In addition to providing a death benefit, whole life policies accrue cash value.

A family income policy provides the death benefit in a unique way, but may not provide the full coverage needed with its decreasing value.

Or you may wish to lock in a steady rate with a permanent life insurance policy, which accrues cash value, and pays a guaranteed death benefit, even if you live to be 100 years old.

Investment - grade is the type of life insurance that is optimized for death benefit performance, in contrast to high cash value life insurance.

Those payments are invested in the company's general account, which in turn, guarantees that you or your beneficiaries will receive at least the policy's guaranteed cash value or death benefit.

In either of these cases, provincial legislation protects the entire policy — including the death benefit and cash value — from the claims of creditors of the policy owner during his lifetime and after death.

In addition to paying death benefits, it also has a cash value accumulation feature which grows over the life of the policy.

Keep in mind that if you've borrowed against the cash value of your policy and pass away, the loan will be deducted from the policy's death benefit.

The costs of administering the Accumulated Value death benefit are included in the annual mortality and expense risk charge.

Universal life insurance features a death benefit and cash value account like whole life, however it offers greater flexibility than whole life in two distinct ways.

This allows continuous compounding of your wealth, for you in terms of tax free accrual of cash value and for your loved ones in terms of an accruing death benefit.

In the case that you pass, the policy beneficiaries should file a claim with the insurer, after which point the circumstances of your death will be reviewed and receive the payout (also called a death benefit or the face value of the policy) so long as everything is in ordeIn the case that you pass, the policy beneficiaries should file a claim with the insurer, after which point the circumstances of your death will be reviewed and receive the payout (also called a death benefit or the face value of the policy) so long as everything is in ordein order.

Over time, as more of the premium is devoted to the cash account, this account will begin to amass funds more rapidly, as compound interest really kicks in, increasing both your cash value and death benefit.

In an indexed universal life policy (IUL), premiums are added to the cash value after subtracting for the cost of the death benefit and fees.

In addition to providing death benefits, some policies also accrue a cash value that you can collect at any time if the need arises.

Since they're better able to assess your risk through the health questions, this policy's death benefit can be as high as $ 50,000 in value, though this is still significantly lower than what is available through alternate insurers.

Think of the cash value like the equity in your house and the death benefit as the house.

In addition, even if the best company for you is a mutual company, you still have to consider if the company practices direct vs non-direct recognition, if they are participating whole life insurance and if they allow the policy to be maximized for cash value growth or death benefit.

In addition to death benefit protection, permanent life insurance also has a cash value component.

The taxable amount would be the the death benefit minus the value of whatever was paid to you, as well as any amount paid in premiums since they acquired the policy.

This GUL policy often has one of the lowest premiums in the marketplace, making it an excellent choice when you are looking for permanent death benefit protection vs cash value accumulation.

And another great benefit is the cash value grows in a tax favored environment, with the final death benefit from your life insurance going to your beneficiary income tax free.

Under option B, the death benefit grows in relation to the cash value.

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

Cash value life insurance refers to a type of life insurance that, in addition to paying out a death benefit to your beneficiary or beneficiaries upon your death, accumulates cash value inside the policy while you are alive, that you can use for whatever you please.

Permanent life insurance offers a death benefit no matter when you die, in addition to a savings portion that can build cash value, but is more expensive.

Death Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments receDeath Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments reBenefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments rebenefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath, amounting to the difference between the initial premium paid and the cumulative income payments received.

That is, you get life insurance with a death benefit, but part of your premium payments fund a cash account that in theory should grow in value over time.

Death Benefit Protection — Your entire accumulated value will be paid to your beneficiaries, who can elect to receive their benefits in a lump sum or series of payments.

Some life insurance policies — particularly ones with a high - value death benefit — may require you to take a medical exam or submit a blood test in order to be approved.