Sentences with phrase «keep the policy in force later»

Not exact matches

For example, if the insured lives five years longer than the illustrated «life expectancy,» the premiums to keep the policy in - force will need to be paid for an extra five years and the death benefit proceeds will be paid five years later than illustrated.

Universal policies feature a cash value account, which serves to supplement your premium payments to keep policies in force in later years.

These give the policy flexibility in the later year if you want to stop making premium payments, but keep the policy in force so it will still pay out the death benefit to your beneficiaries.

Policy owners can even take withdrawals from the cash value late in the policies life, and still have enough value to keep the policy in force for the entire life of the inPolicy owners can even take withdrawals from the cash value late in the policies life, and still have enough value to keep the policy in force for the entire life of the inpolicy in force for the entire life of the insured.