Sentences with phrase «life cash value equals»

Upon reaching the target age, the whole life cash value equals the target face amount of the policy.

Upon reaching the target age, the whole life cash value equals the target face amount of the policy.

Not exact matches

Whole life insurance policies are usually structured to mature when you turn 100 years old, at which point the cash value should equal the death benefit.

Under universal life insurance option B, the policy proceeds increase over time and are equal to the cash value plus the death benefit.

If, however you live longer than the period of coverage, you receive the policy's face value which, at that point, would equal its cash value.

Interest Sensitive Whole LifeSM is a guaranteed fixed premium permanent life insurance policy with a Guaranteed Minimum Cash Value that increases each year and equals the Face Amount at age 100.

Universal life insurance structured under Option B is designed so that proceeds of the policy rise in value over time and equal the death benefit plus the cash value.

With term life, there is death benefit protection only, with no cash value build up — and because of that, term life insurance can frequently cost less than a comparable permanent life insurance policy (all other factors being equal).

If you want to access the cash accumulation — and, more importantly, don't want life insurance anymore — you can surrender your insurance policy and receive money equal to the cash surrender value.

The cash value accumulation generally does not equal the amount of death benefits and premiums are more expensive than other equivalent standard life insurance policies.

Whole Life: A permanent policy that offers a Guaranteed Minimum Cash Value that increases each year and equals the Face Amount at age 100.

Assurity found that the whole life policy's cash value had a non-taxable gain of $ 106,439 which equaled an average 5.60 % internal rate of return every year from inception.

The policy also provides cash value accumulation which grows over the life of the policy and should equal the death benefits at age 100.

Endow For a whole life insurance policy, the point when the policy's guaranteed cash value equals the policy's face amount.

Endow A policy will endow when the whole life or «endowment» policy's cash value is equal to the death benefit of the policy.

Endowment life insurance is a policy with the cash value of the policy equaling the death benefit.

Also, the policy, if you live long enough, will eventually endow — meaning the face value and cash value will be equal, at which point the company will give you a check upon request.

In order to ensure that cash is available at the time required, life insurance is purchased on each shareholder's life in an amount equal to the value of their shares.

If you want to access the cash accumulation — and, more importantly, don't want life insurance anymore — you can surrender your insurance policy and receive money equal to the cash surrender value.

With term life insurance, there is death benefit coverage only, without any type of cash value or savings build up — and because of that, term life insurance can often be much more affordable than a comparable permanent life insurance policy option (with all other factors being equal).

If, however you live longer than the period of coverage, you receive the policy's face value which, at that point, would equal its cash value.

Whole life insurance policies are usually structured to mature when you turn 100 years old, at which point the cash value should equal the death benefit.

In a whole life policy, the surrender value is typically equal to the cash value less the surrender charge if applicable.

A policy will endow when the whole life or «endowment» policy's cash value is equal to the death benefit of the policy.

In adjustable, equity indexed, variable universal and universal life policies, the accumulation value is equal to the policy's cash value before the deduction of any applicable surrender charges when determining the policy's net surrender vale.

With most if not all VULs, unlike whole life, there is no endowment age (the age at which the cash value equals the death benefit amount, which for whole life is typically 100).

All else being equal, the more cash value a whole life insurance contract contains, the higher the dividend payment received by the owner.

Endow: A permanent life insurance policy is said to endow when its cash value equals the face amount.

Endowment policy: A life insurance policy in which the cash value and face value are equal to each other at the policy's maturity date; a policy under which the face amount is payable on a specified future date (maturity date) if the insured is then living, or at the insured's death, if that should occur sooner.

Split dollar insurance: An arrangement between two people (often an employer and an employee) where life insurance is written on the life of one who also names the beneficiary of the net death benefits (death benefits less cash value), and the other is assigned the cash value (or equivalent amount of death benefits), with both sharing the premium payments (usually the noninsured paying a portion equal to the increase in cash value each year and the insured paying the balance of the annual premium).

A nonforfeiture provision in a whole life policy that uses cash value to purchase term insurance equal to the existing amount of life insurance.

If the option exists to to take a withdrawal equal to 100 % of the cash surrender value, at Life Ant we generally like to see our clients access the surrender value in this way rather than by actually surrendering the contract.

I did a little research and what i found was that the cash value is designed to equal the death benefit by age 100 in regular whole life.

With term life, there is death benefit protection only, with no cash value build up — and because of that, term life insurance can frequently cost less than a comparable permanent life insurance policy (all other factors being equal).

However, the situation is far more problematic in scenarios where the balance of the life insurance policy loan is approaching the cash value, or in the extreme actually equals the total cash value of the policy — the point at which the life insurance company will force the policy to lapse (so the insurance company can ensure full repayment before the loan collateral goes «underwater»).

If you live to the age of endowment, your cash value and your face value will be equal.

Interest Sensitive Whole LifeSM is a guaranteed fixed premium permanent life insurance policy with a Guaranteed Minimum Cash Value that increases each year and equals the Face Amount at age 100.

However, if the employee makes a premium payment equal to the value of the term life insurance and / or cash value received, then there is no income tax due.

A provision in a life insurance policy that if the death occurs during a certain time period (often 20 years), the policy will pay an amount equal to the cash value of the policy as of the date of death in addition to the face amount owed.

Pretty much any permanetn life policy can do that but you probably mean a Whole Life plan where the cash value equals the death benefit usually at age life policy can do that but you probably mean a Whole Life plan where the cash value equals the death benefit usually at age Life plan where the cash value equals the death benefit usually at age 100.

With the Grow - Up Plan from Gerber Life, the policy's cash value is guaranteed to be equal to or greater than all the premiums paid after 25 years.

Whole life insurance, if sold correctly, would offer a level premium to age 100 with a cash value accumulation that, at age 100, would equal the death benefit.

Full endowment recommendations will offer a cash give up value equal to the loss of life benefits.

I just defined the way it was, and if your pockets are deep enough you can still buy it that way, but the new, improved whole life has premiums that run to your age 121 and the cash value in the policy equals the face amount at 121.

When I first started in the business permanent life insurance meant whole life and it meant that it was guaranteed to age 100 with a level premium and level death benefit and at age 100 the cash value equaled the death benefit.