Sentences with phrase «initial cash value amount»

In many instances, it can also help build the initial cash value amount in the new permanent policy.

Not exact matches

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If you choose to pay off the loan, your death benefit will be reinstated as the initial face value of the policy (plus the entire cash - value amount earned while owning the policy, if you have requested that option).

After the initial payment, a policyholder may vary the premium amount and frequency of payment, or even skip premium payment as long as there is enough cash value in the policy to cover the policy charges.

Once you pay this initial premium, you can pay whatever premium amount you wish provided adequate cash value is available to cover periodic charges and the cost of insurance.