Sentences with phrase «of a whole life policy depends»

Not exact matches

Under the broad umbrella of whole life insurance, there are several types available like the «variable» and «universal» insurance policies depending how your policy funds are invested.

You see, when a participating whole life insurance plan is properly structured to maximize the cash value, the cash value can become available relatively quickly depending upon the amounts deposited and the other details of the policy.

But, this isn't an apples - to - apples comparison, since whole life insurance is usually significantly more expensive than term life insurance, whereas a return of premium policy is usually only slightly more expensive than a basic term policy (depending on your age and profile).

Depending on the type of whole life policy you choose, you may not know exactly how your insurer is investing the money for you.

Depending on the kind of whole policy you buy, the cash portion earns interest from the life insurance company's investments, or at a predetermined rate set by the company, or in some cases from dividends of the company's annual profit.

Somewhere between term life and whole life is Universal Life Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you cholife and whole life is Universal Life Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you cholife is Universal Life Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you choLife Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you cholife policies, depending on the type of universal life policy you cholife policy you choose.

The historic returns of the stock market have not been shown to outpace the steady 4 % guaranteed return of a whole life policy, further benefited from potential dividend payments ranging from 2 - 3.5 % and up depending on the interest rate environment.

Whether or not the cash value investment aspect or loan aspect of a whole life insurance policy is important depends on spending habits, investment goals, and lifestyle decisions.

Depending on your unique situation, this article provides options to make sure that you become matched with the type of life insurance that meets your needs, whether that's term life insurance, whole life insurance or a combination of policies.

Since term life insurance protects your family for a set period of while they're still depending on your income and not for your entire life, term life insurance rates are much cheaper and offer more affordable financial protection than permanent policies like whole life.

Death benefit amounts can sometimes vary year to year depending on the type of policy (universal or whole life) that is purchased.

Depending on the policy and insuring company the real value of a whole life policy starts to appear somewhere between years 14 to 20.

At the age of 67, whole life insurance can be a bit expensive depending on the policy you select.

It is important to note that the term and / or whole life insurance plans (including the guaranteed acceptance policies) may not be available in all states, or the components of the coverage could differ, depending on your state of residence.

Depending on your country, there are various types of life insurance policies that cater to the life and death needs of customers, but within the United States, the two main categories of life insurance are: whole life insurance, and term life insurance — but there are several of kinds of life insurance listed under these two broad categories.

When comparing costs between term and whole life policies, keep in mind that premium rates differ depending on the type of term policy, the length of the term, as well as any additional riders, or amendments that alter a policy's coverage or terms.

Although possible that a whole life insurance policy could protect some of your wealth, its really going to depend on the actual situation.

Depending on the insurance company, at the end of the level term period, you may have the option to use the policy cash value to purchase a guaranteed paid - up «whole life policy» without having to prove your health.

Death benefit amounts can sometimes vary year to year depending on the type of policy (universal or whole life) that is purchased.

Depending on your policy and when you purchased it, you may end up paying rates similar to those of a whole life insurance policy.

Depending on your unique situation, this article provides options to make sure that you become matched with the type of life insurance that meets your needs, whether that's term life insurance, whole life insurance or a combination of policies.

But, this isn't an apples - to - apples comparison, since whole life insurance is usually significantly more expensive than term life insurance, whereas a return of premium policy is usually only slightly more expensive than a basic term policy (depending on your age and profile).

With interest - sensitive whole life insurance, you can have more flexibility with your life insurance policy such as increasing your death benefit without raising your premiums depending on the economy and the rate of return on your cash value portion.

What they'll be able to use their whole life insurance policy for will vary depending on the size and type of policy you buy for them.

When the dividends paid on a whole life policy are chosen by the policy owner to be reinvested back into the policy, the cash value can increase at a rather substantial rate depending on the performance of the company.

The price of a whole life policy varies greatly depending on your age, health and behavior.

Your life insurance rates can vary depending on the type of policy you have chosen whether it is term life insurance policy, whole life and variable life.

While a universal life insurance policy offers both death benefit coverage and cash value, the premium on this type of coverage may be more affordable than that of a whole life insurance policy, depending on the insured's specific parameters.

To the extent that the policy cash value continues to grow, but the loan interest is paid annually, the policy is either assured of lasting with ongoing premium payments (if it's a whole life policy), or at least is much more likely to be able to sustain (if it's a universal life policy, depending on subsequent performance).

The advantage of conversion term life insurance is you can get insured at a relatively low cost depending on your age and health that can be converted to a superior whole life or universal life policy at a later time, with no evidence of insurability required, i.e. no health questions or medical exam.

The historic returns of the stock market have not been shown to outpace the steady 4 % guaranteed return of a whole life policy, further benefited from potential dividend payments ranging from 2 - 3.5 % and up depending on the interest rate environment.

Growth of the whole life insurance cash value depends on a variety of factors, including the premium amount and the level of fees charged by the life insurance company, the performance of the investments the insurance company makes, the amount of claims paid and properly blending available policy riders.

Depending on the actual performance of this account, the policyholder could earn a great deal more than he or she would in a whole or universal life insurance policy, or conversely, they could end up losing funds in a downward moving market.

Also, depending on how the interest rate in the cash value component will be credited, the rate of return on a universal life insurance policy is oftentimes higher than it is on a comparable whole life insurance plan.

Contrast that to a whole life policy which is intended to be in force for the rest of a person's life, and whose investment value depends in part upon dividend rates paid by the company.

Rates of return will depend on the type of whole life policy issued.

You see, when a participating whole life insurance plan is properly structured to maximize the cash value, the cash value can become available relatively quickly depending upon the amounts deposited and the other details of the policy.

The cost of a whole life insurance policy depends on several factors, including how much coverage you buy.

The specifics of each modified premium whole life insurance policy vary depending on the insurance company writing the policy.

Depending on the terms of the whole life policy, a policyholder can borrow against the cash surrender value of the policy.

The premium amount for a life plan primarily depends on the entry age, so it would be a wise move to buy a whole life policy in an early stage of life.

First of all it all depends on the kind of insurance policy you would like - term or whole life.

The permanence of a whole life policy can be both an advantage and a disadvantage depending on your situation.

Depending on the type of Whole Life policy taken out it may contain an investment element that builds a cash value within the policy that can be accessed when required.

Some types of whole life insurance allow the policyholder to make decisions about how the money is invested, which has the potential to make a policy worth considerably more or less depending on your choices for investments and the general market behavior.