Sentences with phrase «increasing death benefit»

Death Benefit: In the event of death, this plan offers increasing death benefit option which keeps growing through bonus option of paid - up additions.

Not only will this ensure you of an increasing death benefit as the years go by, but it also gives you the benefit of the smaller policy early on when you can least afford it.

Also check any riders that are part of the policy, the premium and if the policy has a level or increasing death benefit (sometime called option 1 or 2).

Further, with an ever increasing death benefit fueled with paid up additions you have the freedom to spend down other assets, take out a reverse mortgage, etc. without fear of denying your kids an inheritance.

Option 1: Level death benefit Option 2: Increasing death benefit plus cash value Option 3: Level death benefit plus return of premiums paid minus any partial withdrawal

As the policy holder maintains the premium payment schedule, a portion of those payments goes toward increasing the death benefit payment.

Increasing death benefit option allows for your policy death benefit to grow, as well as the cash value, which can likewise grow the LTC benefit.

Since you are buying more insurance with an increasing death benefit, the numbers in the illustration will differ.

First, you may elect an increasing death benefit in the policy.

A policy with an increasing death benefit of $ 250,000 and a cash value of $ 25,000 would pay $ 275,000 (the $ 250,000 death benefit plus the $ 25,000 cash value).

You can also elect three different death benefit options, including a level death benefit, an increasing death benefit and a level death benefit with return of premium, minus any withdrawals.

Paid - up insurance additions are a way to «reinvest» as they act like a small addition to your existing whole life insurance policy, increasing the death benefit and cash value.

That way you have an ever increasing death benefit and cash value account that you no longer have to make premium payments on.

Another way these companies do it is to offer the older, or ailing, people insurance with an increasing death benefit.

Keep in mind that in most cases increasing your death benefit will require proof of insurability.

You can choose three death benefit options, including a level death benefit, increasing death benefit, or return of premium death benefit.

Three death benefit options are provided, including a level death benefit, an increasing death benefit and a death benefit with a return of premium option.

Why would anyone want to have an increasing death benefit?

Value Enhancement Rider: The VER is a whole life insurance rider that allows you to add additional single or periodic premium payments to your policy to purchase paid up additions, increasing your death benefit and cash value.

The IUL policy from AG provides three death benefit options: level death benefit, increasing death benefit and level death benefit with return of premium.

Paid Up Additions: allows you to add additional premium payments to your policy to purchase «paid - up» life insurance, increasing your death benefit and cash value.

By growing your cash value and death benefit you will be maximizing your legacy because your policy will pay an ever increasing death benefit to your future heirs upon your passing, unlike term life that will most likely expire worthless.

As you use your cash flow to pay back your loan with interest, you are increasing your death benefit and cash flow growth.

There are many variants available apart from the plain vanilla Term Insurance plan like increasing death benefit, decreasing death benefit, life stage options, critical illness cover, terminal illness cover and so on.

Additional Paid Up Insurance (API) Rider: allows you to add additional premium payments to your policy to purchase «paid - up» life insurance, increasing your death benefit and cash value.

Examples of these benefits are the ability to grow tax free, policies have an increasing death benefit based on contract value (higher returns mean higher death benefit), and withdrawals are still taxed FIFO, so up to the amount you put in the contract is not considered by the IRS to be taxable.

You should probably fiddle abound with the coverage amount, checking out how each plan varies by increasing your death benefit by increments of $ 1,000.

This approach allows true compounding policy growth of your cash account and an ever increasing death benefit in addition to the rate of return generated by your higher risk - return investments.

And with the ever increasing cash value growth comes an ever increasing death benefit.

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.

As an added bonus, the life insurance policies that are used in a buy / sell agreement for business purposes may even include the option for increasing the death benefit in the future.

You also can choose between two different death benefit options, including level death benefit or increasing death benefit, which you can swtich back and forth based on your own goals.

And depending on the IUL death benefit option you choose, both whole life and indexed universal life have an increasing death benefit.

Whole life insurance does give the policy owner the option of using dividend payments to purchase additional paid up insurance, so hypothetically a whole life policy can have an increasing death benefit over time if this dividend option is chosen.

Another benefit of Penn Mutual's Chronic Illness Rider is that you can use it with either a level death benefit or increasing death benefit.

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

If you want leverage (death benefit), universal and variable policies illustrated with a high rate of return, increasing death benefit and low premium provide the highest payout at death.

You can choose from two different death benefit options, level and increasing death benefit.

Permanent policies allow you to elect a level or increasing death benefit.

These policies feature an increasing death benefit.

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.

The increasing death benefit option on universal life insurance works by building cash value in addition to the death benefit, instead of using the cash value to offset the payment of the death benefit claim.

With an increasing death benefit you are buying more insurance, so the payment would be $ 270,000 ($ 250,000 plus $ 20,000).

If over-funded for cash growth, an increasing death benefit is a must in order to keep the policy from becoming a modified endowment contract.

Universal life policyholders may elect an increasing death benefit (Option B) that increases as a policy's cash values increase.

You can choose form a level death benefit, an increasing death benefit that grows with your cash value, or a level death benefit plus return of premiums, minus any withdrawals.

Offering a fixed and indexed account (indexed to the S&P 500), a cash value enhancement rider, and a choice between level death benefit or increasing death benefit, Penn Mutual's IUL offers maximum flexibility.

You can choose a level death benefit, an increasing death benefit and a return of premium death benefit.

Like individual life insurance, survivorship policies can have a level or increasing death benefit.

And further, as you recapture your interest and pay back your policy loan, with interest, you are growing your policy's cash value exponentially, while simultaneously increasing your death benefit.