Sentences with phrase «monthly policy charges»

The value of the policy If you choose universal life, you may want to focus on using the flexible premium option to pay more than the amount of the monthly policy charges so the policy grows — this is particularly true as you receive additional income.

Universal Life Insurance coverage lasts to age 120, provided you continue to pay sufficient premiums or maintain enough cash value to cover monthly policy charges.

Changing number of units (through monthly policy charges, or withdrawals and / or regular savings).

Changing number of units (through monthly policy charges, additional investments or withdrawals and / or regular savings).

The flexibility of a universal life policy — specifically your ability to change payment dates and premium and coverage levels — is a valuable feature, but it's also dependent on your policy having enough cash surrender value to cover the monthly policy charges.

Universal Life Insurance coverage lasts to age 120, provided you continue to pay sufficient premiums or maintain enough cash value to cover monthly policy charges.

Make sure you consult with an insurance professional prior to making changes in your policy's premiums., Universal Life Insurance coverage lasts to age 120, provided you continue to pay sufficient premiums or maintain enough cash value to cover monthly policy charges.

Not exact matches

If an ISP practices the same policies, though, it's double - dipping — charging you monthly for internet service and collecting your data for ad dollars.

Chime is targeting those in their late 20s and early 30s with a low - fee checking and savings account, a mobile app that allows for automated savings and real - time notifications, and a policy of no monthly fees, hidden fees or overdraft charges.

David Armor, president of a California consulting firm, National Policy Analysts Inc., told the commission at its monthly meeting that the charges leveled by the desegregation researcher Gary Orfield, a political - science professor at the University of Chicago, are without basis.

PNC does fall behind in its ATM policies: only Performance Select Checking offers $ 0 in non-network fees, along with just $ 10 in monthly reimbursements for ATM fees charged by operators.

Waiver of Monthly Deductions Rider All monthly deductions (for base policy, riders and policy charges) are waived should insured become totally disabled for at least 6 months before Monthly Deductions Rider All monthly deductions (for base policy, riders and policy charges) are waived should insured become totally disabled for at least 6 months before monthly deductions (for base policy, riders and policy charges) are waived should insured become totally disabled for at least 6 months before age 65.

It's actually cheaper to have the coverage than to pay that $ 25 monthly charge your landlord sticks you with if you don't have a policy!

You can mitigate this risk by electing the No Lapse Guarantee Rider on the universal life policy you choose.This rider ensures that if you fund the policy at a premium level required to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly charges.

The No Lapse Guarantee Rider (NLGR) ensures that during the surrender charge period, if you fund your policy at the required premium to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly deduction charges.

Forty of the banks either do not disclose a monthly fee or disclose one of two policies: Either they do not charge a monthly checking account fee or they waive the fee if the customer agrees to receive electronic statements.

You understand the charge will recur monthly on the same date the policy became effective.

When activated, the Overloan Protection Rider converts the policy to a «paid - up» status and prevents the policy from lapsing when the policy's cash surrender value is insufficient to cover monthly deduction charges due to significant loans or if any outstanding loans plus accrued interest exceed cash value.

Policy loans2 with fixed charged and credited rates are available any time after the first monthly processing date.

Add a waiver of monthly charges rider, which will waive policy premiums if you become disabled.

Universal life insurance is a flexible permanent coverage option that allows premium payments to increase or decrease, assuming you have enough cash value in your policy to meet your monthly premium charge.

Policy Loans Policy loans2 with fixed charged and credited rates are available any time after the first monthly processing date.

Deduction Amount A monthly charge in a universal life policy, deducted from the accumulation value on each deduction day, which is comprised of the cost of insurance charge and any other expense charge shown on the policy summary and any charge for supplemental benefits.

Surrender Charge Typically applicable to adjustable life, indexed universal life, and variable universal policies, a generally declining schedule of charges against the cash value may be imposed on the policy for a certain number of years from policy inception if the policy is surrendered, the death benefit is reduced, or in some instances, the surrender charge is taken into account in the monthly calculation to determine if the policy is still in force.&Charge Typically applicable to adjustable life, indexed universal life, and variable universal policies, a generally declining schedule of charges against the cash value may be imposed on the policy for a certain number of years from policy inception if the policy is surrendered, the death benefit is reduced, or in some instances, the surrender charge is taken into account in the monthly calculation to determine if the policy is still in force.&charge is taken into account in the monthly calculation to determine if the policy is still in force.»

Waiver of Monthly Deduction A rider that waives monthly cost of insurance charges in an Adjustable, Universal, or Variable Universal life insurance policy for a period of disability as outlined and defined in the Monthly Deduction A rider that waives monthly cost of insurance charges in an Adjustable, Universal, or Variable Universal life insurance policy for a period of disability as outlined and defined in the monthly cost of insurance charges in an Adjustable, Universal, or Variable Universal life insurance policy for a period of disability as outlined and defined in the policy.

Expense Charge A monthly charge paid to an insurance company based on various elements of the policy such as insured's attained age, original rate class,Charge A monthly charge paid to an insurance company based on various elements of the policy such as insured's attained age, original rate class,charge paid to an insurance company based on various elements of the policy such as insured's attained age, original rate class, etc..

If you don't see a monthly premium charge, make sure you check all 12 statements in a year because the policy might be for annual premiums.

In addition, cost of insurance, monthly charges for any riders, and monthly expense charges for the policy will be waived while claim requirements are met.

Policy Administration Charge, which is deducted by the cancellation of units on a monthly basis.

Suppose she gifts the policy just before the surrender charge disappears, when the monthly charges are about $ 1,000 and the cash value is about $ 165,000.

Waiver of monthly deduction - An optional life insurance policy rider that waives the monthly Cost of Insurance charges on a universal life or variable universal life policy for the length of a qualified disability as outlined in the policy contract.

Each month, your insurance company will debit your cash value to pay the policy's monthly charges, which include a charge for the cost of insurance.

These policies typically charge a monthly fee over a number of years and provide a payout to survivors if the covered person dies.

The premium is the amount of money you will be charged by an insurance company (usually on a monthly basis) in exchange for the financial protection provided to you by your insurance policy.

The No Lapse Guarantee Rider (NLGR) ensures that during the surrender charge period, if you fund your policy at the required premium to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly deduction charges.

The policy will remain in force for as long as the cash value of the policy is sufficient to pay those monthly charges.

Paying for your car or home insurance policy in full, rather than in monthly installments, will prevent you from having to pay those pesky administrative fees that many insurance companies charge for processing.

It allows you to pay what you want each month, as long as you pay enough to cover any monthly charges that are associated with the insurance policy.

Generally insurance companies charge a slightly higher premium for those consumers that pay monthly than those who pay for their policy up front.

A monthly charge in a universal life policy, deducted from the accumulation value on each deduction day, which is comprised of the cost of insurance charge and any other expense charge shown on the policy summary and any charge for supplemental benefits.

In order to be eligible to exercise this rider, the insured must be at least 75 years old, the policy must have been in - force for at least 15 years, the Death Benefit Option must be Option A Level, the policy must be in corridor, and the outstanding loan balance must be the smaller of 93 % of the policy value after monthly deductions or (100 % minus the OLPR charge percentage) of the policy value after monthly deductions.

Universal Life and Variable Universal Life policies may allow 30 - 60 days for additional funding premiums to be paid if there is insufficient cash value to sustain the policy during the monthly calculation of expense charges and policy credits.

A monthly charge paid to an insurance company based on various elements of the policy such as insured's attained age, original rate class, etc..

Generally applicable to current assumption policies such as equity indexed, variable and universal life, cost of insurance charges are monthly charges for mortality and other elements of insurer expense that are assessed against the policy based on the insured's current age, the original rate class, and the current net amount at risk.

Although this is a much larger amount to hand over in the beginning, it can add up to hundreds of dollars in savings over a policy's period because of the charges that are added to monthly repayment, advises Smith.

It's actually cheaper to have the coverage than to pay that $ 25 monthly charge your landlord sticks you with if you don't have a policy!

This is a charge expressed as a percentage of Annualised Premium and is levied at each monthly anniversary by canceling proportionate Units starting from the date of commencement of Policy.

There must be enough cash value in the policy to cover monthly charges if a lower premium is paid than the amount selected at issue or if a premium payment is skipped.

The Policy Administration Charges given above are deducted from the unit account on monthly basis at the beginning of each monthly anniversary (including the policy commencement date) of a policy by cancellation of Policy Administration Charges given above are deducted from the unit account on monthly basis at the beginning of each monthly anniversary (including the policy commencement date) of a policy by cancellation of policy commencement date) of a policy by cancellation of policy by cancellation of units.

Community rated (or «no - age rated»): All new members are charged the same monthly premium, without regard to age at the time of a Medigap policy purchase.