Sentences with phrase «initial policy loans»
Your individual circumstances will dictate whether this step should be taken after your initial policy loans have been paid back, or whether it may be more advantageous to start another policy.
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[7] This reflects both the discount in the initial period of the loan as well as the fact that as the Fed tightened monetary policy, the rate to which the mortgage reset rose.
You might choose a decreasing term policy for a similar term length and initial death benefit equal to the outstanding mortgage loan, since you know your spouse will be financially stable once the mortgage is paid off and you know the time it will take to pay back the loan.
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.
He advises to go through the initial pain of doing some research on home loan insurance policies than regretting later, as getting the money back in cases of mis - selling is very difficult.
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).
You might choose a decreasing term policy for a similar term length and initial death benefit equal to the outstanding mortgage loan, since you know your spouse will be financially stable once the mortgage is paid off and you know the time it will take to pay back the loan.
Key Results and Accomplishments • Attained 100 % accounts reconciliation rate within 6 months of initial hiring • Reduced account opening time by 40 minutes on average by utilizing an online customer database for initial form filling and application processing • Reduced loan default rate by 30 % through enactment of effective risk mitigation policies • Enhanced operational efficiency by 27 % through implementation of semi-automated cash balancing and transaction processing protocols