Sentences with phrase «including additional cash value»

These dividends provide many advantages, including additional cash value or increased death benefit.

Not exact matches

You can include a paid - up additions rider in your policy, which allows you to make purchases of paid - up additional insurance with no proof of insurability, increasing the cash value and death benefit proportionately.

Dividends can be used in several ways, including purchasing additional life insurance coverage, adding to the cash value component of a permanent life insurance policy, or receiving directly in cash.

The benefits may include full replacement value, with no obligation to replace policies (cash - out options), by - law coverage, greater allowances for additional living expenses and coverage for higher limits of jewelry, fine arts, antiques or items that can not be replaced due to their inherent nature.

It also includes an additional feature known as cash - value which can be borrowed against.

Also, unless «current» cash value is different than the general definition of cash value, then I don't think your death benefit includes all your cash value, just the additional cash value due to «dividends».

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.

These include taking it in cash (by receiving a check from the insurance company), using it to purchase additional amounts of insurance coverage on your policy, and / or by adding the amount of the dividend to the policy's cash value component.

A universal life contract provides access to cash value accumulation like that of a whole life policy; however, cash value within a universal life policy includes a guaranteed minimum interest rate plus an additional interest payment if and when the life insurance carrier experiences higher returns on its own investments.

These reasons for a change in the face amount can include additional paid up insurance bought with dividends, a face reduction for the purpose of saving money on insurance costs, and having an increasing death benefit based on cash value.

You can include a paid - up additions rider in your policy, which allows you to make purchases of paid - up additional insurance with no proof of insurability, increasing the cash value and death benefit proportionately.

The cumulative total amount of reserve (i.e., the guaranteed cash value), including the nonguaranteed cash value of the additional paid - up life insurance purchased each year, starting at the beginning of year two, with the yearly declared paid dividend.

The cumulative amount of total cash value for the years shown including the nonguaranteed cash value of additional paid - up insurance purchased through the dividends.