Sentences with phrase «make flexible premium payments»

Universal Life Insurance is a type of permanent life insurance that allows the policy owner to make flexible premium payments.

Not exact matches

Universal life insurance policies are the only permanent policies that have «flexible premiums», meaning you can use the policy's cash value to make payments.

Universal life insurance policies are the only permanent policies that have «flexible premiums», meaning you can use the policy's cash value to make payments.

Universal life offers flexible premiums, allowing you to make more or less premium payments.

• Flexible premium You control the amount and frequency of payments and have the option to make additional premium payments, subject to the policy agreement.

Universal Life provides flexible premium payments, based on policy minimums, so you can make more, or less, premium payments.

However, Universal Life is more flexible than whole life, allowing the premium and face amount to change.This can be advantageous if you have either limited funds and you can not make a large premium payment or you have excess funds and you want to store up some additional cash value in your policy for a «rainy day».

Among its products are Term Life Insurance, which offers higher coverage for lower premiums, the Universal Life Insurance, which allows adjustable payments and makes funds accessible, the Whole Life Insurance, which offers long term coverage, and Annuities, which are tax - deferred and flexible.

Universal life insurance policies are the only permanent policies that have «flexible premiums», meaning you can use the policy's cash value to make payments.

But, what makes universal life flexible is the fact that the policyholder can adjust the frequency and the amount of premium payments — within certain guidelines — to better fit their needs.

Or is it flexible premium allowing you to make additional premium payments?

Since the premium payments are flexible in these kinds of life insurance policies, you do not have to make the minimum payment each month if you are unable to do so.

These policies are typically more flexible that the traditional whole life policy and allow you to use built - up cash value to make payments on your premiums.

Premiums can be flexible, and once you have accrued some cash value you can even use the cash value of the policy to make future premium payments if necessary.

With a flexible premium life insurance policy, you have the option of paying the defined premium or making premium payments within a specified range.