Sentences with phrase «initial cash value of the policy»

Not exact matches

As in starting any other business, the cash value may not equal initial deposits for some time, however this will catch up as the policy is funded, with the help of paid - up additions.

Typically the main goal of an infinite banking policy would be to maximize cash value and minimize the initial death benefit.

2 The adjusted total premium is the initial single premium plus any underwritten increases, less any partial surrenders and any applicable surrender charges in excess of policy gain and any loans and accrued loan interest, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value.

The actual cash value in a homeowners insurance policy is based on the market value or the initial cost of your home and personal property with depreciation considered.

A margin account with a sweep preference of Money Market Fund will be subject to our general policy, which requires the deposit in cash or collateral on initial transactions of 50 % of the value of the marginable security as prescribed under Regulation T of the Board of Governors of the Federal Reserve System.

Term Rider: Due to the higher initial cost of permanent policies, you can supplement your coverage with a term rider to increase your death benefit coverage until your cash value has a chance to catch up.

While initial premiums are higher than with a typical term policy, it is possible for coverage to continue until death of the insured, and cash value may accrue in the policy on a tax - deferred basis that can be used to help meet financial needs during your life.

Along the same line of reasoning, are insured's capable of estimating whether or not the initial purchase of their cash value policies was a fair deal and that they were not being cheated?

Although there is typically no cash value, a term life policy can be worth the tradeoff — it can pay out a lump sum of cash later, for a lower initial premium now.

You will be issued an initial check for the actual cash value (based on the adjuster's estimate) of the repairs or replacement roof once we have validated that the damage was caused by hail and that your policy covers the damage.

The actual cash value in a homeowners insurance policy is based on the market value or the initial cost of your home and personal property with depreciation considered.

Cash value can take some time to grow (and it may even be negative in the initial years of the policy)

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).

Typically the main goal of an infinite banking policy would be to maximize cash value and minimize the initial death benefit.

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.

As in starting any other business, the cash value may not equal initial deposits for some time, however this will catch up as the policy is funded, with the help of paid - up additions.

You might also find a variety of previously issued permanent life insurance policies with cash values that you can combine and use as the initial transfer into the LTC / life contract.

Disadvantage No. 3: Surrender of the policy within the first five to ten years may result in considerable loss because cash surrender values reflect the insurance company's recovery of sales commissions and initial policy expenses.

In some ways, a whole life or cash - value policy is similar to a mortgage, with the initial years of payments going toward the interest.