Sentences with phrase «matures as a death benefit»

Even 76 % of universal life insurance purchased by seniors 65 years or older is not actually held until it matures as a death benefit claim!

Ultimately, the only way the upside of a life insurance policy becomes fully tax - free is if it matures as a death benefit.

If the policy is held until it matures as a death benefit for a beneficiary, the cost basis adjustment is a moot point.

Not exact matches

After all, in the hands of an investor, a life insurance policy is simply an «investment» that has ongoing cash flow requirements (premiums) but will eventually mature as a (much larger) death benefit later.

Not only does it provide death benefits, but it also comes with a cash value accumulation feature which builds as it matures.

The «beneficiary» is the person you select to receive the payout from the policy when it matures, also known as the «death benefit».

However, with «permanent» insurance that will pay out as a death benefit or «mature» as an endowment policy at the maximum age (historically age 100, and age 121 for more recent policies), the situation is more complicated.

After all, in the hands of an investor, a life insurance policy is simply an «investment» that has ongoing cash flow requirements (premiums) but will eventually mature as a (much larger) death benefit later.

If you should die before the policy matures, your child will receive the payout as your death benefit and will still have the anticipated money for college.

However, if the parent i.e. the Life Insured dies within the policy tenure, the nominee or the child would receive the Sum Assured as Death Benefit and the future premiums would be paid by the insurer such that the Fund Value is paid as the Maturity Benefit to the nominee when the policy matures.