Sentences with phrase «of accumulating cash value over time»

Whole life insurance, for example, has the benefit of accumulating cash value over time but usually comes with higher premiums.

Not exact matches

Whole life insurance is a type of permanent life insurance policy that accumulates cash value over time.

Over time, the cash value of the policy will accumulate on a tax - deferred basis.

In addition to the life insurance coverage that is provided with a permanent plan, this type of policy will also include a cash value component where cash can accumulate on a tax deferred basis over time.

One of the advantages of a whole life policy is that it accumulates cash value over time, thus creating an amount that a person can borrow against if needed.

In addition, the cash value of that policy accumulates over time — and it's tax - deferred.

A truly flexible product, index universal life insurance combines the death benefit of traditional life insurance with the ability to accumulate cash value over time.

In addition, permanent life insurance provides a savings element that accumulates a cash value over a long period of time.

While a permanent policy is always a possibility, and it will accumulate a cash value over time, a term life policy is a simple solution for this type of payout.

Permanent life insurance policies contain a cash value investment which accumulates value over the life of the policy and is also distributed at the time of your death.

Flexibility: This policy also offers the buyer a certain amount of flexibility in regards to its potential of accumulating cash value over a period of time, which the buyer can use for personal reasons.

Universal life can provide you with a variety of different payment options, including a flexibility of changing your death benefits, as well as the potential to accumulate cash value over time.

Whole life policies offer you a fixed level premium that won't increase, the potential to accumulate cash value over time, and a fixed death benefit for the life of the policy.

Whole life insurance has a cash value component that may accumulate over time, and is one of the key benefits of owning a whole life insurance policy.

With its potential to accumulate a cash value over time, you have the option to use this cash for a variety of reasons.

In addition, the cash value of that policy accumulates over time — and it's tax - deferred.

Cash value will be greater in the later years of a policy than in the early years, since the cash value accumulates over time, but the bottom line is that ready cash can be available should a need arCash value will be greater in the later years of a policy than in the early years, since the cash value accumulates over time, but the bottom line is that ready cash can be available should a need arcash value accumulates over time, but the bottom line is that ready cash can be available should a need arcash can be available should a need arise.

Similarly, the cash value in your current policy may also be enough to pay the premiums for a number of years into the future, but that, too, will erode the death benefit over time, as the loans to pay premiums accumulate with interest (if you were not paying some or all of those amounts back to the insurance company).

Whole life insurance is a type of permanent life insurance policy that accumulates cash value over time.

The living benefit is the cash value or savings component of the policy that grows over time as interest income accumulates.

The policy over time can accumulate a substantial amount of cash value which can be used for whatever you desire down the line.

Over time, the cash value of the policy will accumulate on a tax - deferred basis.

Additionally, you may elect to purchase the policy so that a level death benefit is purchased and the cash value accumulates «on top of» or in addition to the death benefit or you may choose to purchase a level death benefit in which the cash value acts as a reserve against the death benefit (thus lowering the actual cost you pay for the death benefit over time).

While the cash value is a savings that accumulates over time, the death benefit is the amount of money that your designated beneficiary will receive upon your death.

Whole life insurance does accumulate a cash value that comes out of premium payments and builds up over time.

Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.

The cost tends to be expensive because of this and the fact that you accumulate a cash value over time, however, the rate of premium will never increase and will always stay the same.

The balance of the death benefit that your policy will pay will come from the cash value that has accumulated over time.

Your premium would remain the same amount for your lifetime, and the cash value of your policy accumulates over time.

A truly flexible product, index universal life insurance combines the death benefit of traditional life insurance with the ability to accumulate cash value over time.

One of the major advantages of purchasing a single premium paying term is that you do not have to invest ever year, the cash value of your one - time investment gets accumulated over the years and turns into a huge amount at the time of maturity.

This type of permanent policy has fixed premiums as well as a cash value component that accumulates over time.

Cash value life insurance is a type of permanent life insurance that pays out a death benefit and accumulates value over time.

The policy also accumulates a certain amount of cash value over time.

Over time, after money has accumulated, you can withdraw or borrow against the cash value of the policy for emergencies (the available amount will vary by company) 1.

Over time, the cost of insurance as will increase as the insured ages, however, if sufficient, the accumulated cash value will cover the increases in the COI.

Some types of life insurance policies accumulate cash value over time.

As a final expense insurance, the premiums will remain level for the duration of the policy, the cash value will accumulate over time, and the policy will remain in place until needed as long as the premiums are paid.

One very important feature of a permanent life insurance policy is the cash value it accumulates over time.