Sentences with phrase «initial face amount»

For example, the initial face amount of coverage of a $ 200,000 decreasing term life insurance policy decreases by $ 20,000 each year, until after 10 years the face value of the policy equals zero.

The dividend payment can be used to purchase more life insurance (which may reduce your initial face amount needs and therefore your premium requirement) or you may use your dividend to pay your premium.

Like other UL policies, an IUL policy offers a high degree of flexibility and customization and accumulates tax - free value above and beyond its initial face amount.

If your initial face amount was $ 20,000 for the term child rider, you can convert the policy to a maximum of $ 100,000 for example.

The initial Term Insurance Benefit, when added to the initial Face Amount of the base policy equals the initial Target Face Amount, which is also shown on the Policy Data Page.

Like other UL policies, an IUL policy offers a high degree of flexibility and customization and accumulates tax - free value above and beyond its initial face amount.

Not exact matches

Those initial Season 1 episodes aside, «Cougar Town» has always been a diverting romp about people who simply enjoy hanging out with each other and giving each other a hard time while drinking copious amounts of wine, but Jules Cobb and her Cul De Sac Crew also face a series of relatable problems, obstacles and fears every week.

This is the face value, or initial amount or principal of the loan.

But if the value of the underlying drops, as it always could, the main risk you face is losing your premium, an amount that's usually much smaller than the initial margin requirement.

Especially when he will not need a full $ 1,000,000 face amount after the first initial 20 - years.

Once the initial fixed benefit period ends, the policy's face amount decreases, but the premium payment remains the same.

The level premium period may be extended beyond the initial level benefit period, however the face amount will begin to decrease annually until it reaches $ 10,000, at which point premiums will begin to increase.

Face amount listed is for the initial level benefit period.

c. Level death benefit with account value: The amount given is equivalent to the initial face value amount plus its gross account value.

The face amount of the policy is the initial amount that the policy will pay at the death of the insured or when the policy matures, although the actual death benefit can provide for greater or lesser than the face amount.

You will acquire a sum greater than the total premium paid acquired with 4.5 % interest, or 30 % of the face amount during the initial year, and 70 % during the second.

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).