Sentences with phrase «of a universal life insurance policy during»
The strategy initially involves the purchase of a universal life insurance policy during your income earning years.
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The strategy initially involves the purchase of a universal life insurance policy during your income earning years.
Not exact matches
At certain points during the period of coverage, you can convert your term policy to a permanent life insurance policy (such as a whole life insurance policy or universal life insurance policy) and premiums are determined by your original health rating.
This could mean that during periods of rising interest rates, universal life insurance policy holders may see their cash values increase at a rapid rate compared to those in whole life insurance policies.
Death Benefit Options: There are four classifications for death benefit options under universal life insurance policies and these are as follow: a. Level death benefit: This only covers the amount accumulated during the length of the policy.
Indexed universal life (IUL) insurance is often pitched as a cash value insurance policy that benefits from the market's gains — tax free — without the risk of loss during a market downturn.
A more flexible version of variable survivorship life insurance called «variable universal survivorship life insurance» allows the policyholder to adjust the policy's premiums and death benefit during the policy's life.
With universal / unbundled life insurance, the premiums and death benefit can be changed during the life of the policy.
Whether you're buying universal life insurance, variable life insurance, or another type of life insurance, under the laws of your state, you may have a «free look» period during which you may cancel the policy without penalty.
What this means is during periods of rising interest rates, the cash value of your universal life insurance policy could increase rapidly.
During times of rising interest rates a universal life insurance policy may also increase rates faster than a whole life policies increase dividends.
Universal life insurance policies became extremely popular during the 1980s, when interest rates were at an all - time high of 15 % or more.
On the other hand, flexible universal life insurance has a fluctuating premium and an adjustable death benefit during the course of the policy.
Some types of life insurance policies, including whole life, universal life and variable life, can accumulate cash value during the policyholder's lifetime.