Sentences with phrase «of flexible premium payments»
Clients have the option of flexible premium payments that can typically be paid at any time and in any amount.
https://termlife2go.com/ Not exact matches
VUL allows flexible premium payments, allowing you to choose the amount and the frequency of your payments within certain limits.
To overcome the financial barriers we have a range of strategies: we advertise our trips three years in advance along with our suggestions as to the most beneficial (language trips, outdoor education trips and trips linked specifically to their GCSEs) so that parents can prioritise accordingly; we reduce the costs for pupil premium students by using the additional money given to us by the government; we are flexible with payment plans; we allow in - school fundraising for certain trips; and we keep supplemental costs (for example kit and transport) very low by doing our own fundraising for those items.
Variable Universal Life (VUL) is another permanent life insurance type that offers similar features to other universal life policies, such as flexible allocation of premium payments.
Not only does the single premium option eliminate one of the core benefits of a universal life insurance policy — flexible payments — but you need to confirm if this policy will be a modified endowment contract.
• Flexible premium You control the amount and frequency of payments and have the option to make additional premium payments, subject to the policy agreement.
Universal Life Insurance is a flexible life insurance policy that combines the benefits of permanent life insurance protection and cash value accumulations with the convenience of adjustable premiums and payment schedules.1 And, within a Universal Life Insurance policy, cash value accumulations grow tax - deferred at competitive interest rates.
Flexible Premium Policy: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium payments.
Flexible Premium Variable Life Insurance: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium payments.
You can invest a lump sum today, or contribute flexible premium payments over time, 1 to build a stream of guaranteed lifetime income that starts when you need it to — any date 1 up to 40 years 2 in the future.
Flexible payments offer premium adjustments should your financial situation change, offering peace of mind during financial dips and peaks throughout your lifetime.
There are several types of annuities but they can be generally categorized according to how the annuity is purchased (simple or flexible premiums); when the annuity payments begin (immediate or deferred); and how the policy value is invested (fixed or variable).
An income annuity allows you to convert part of your retirement funds into a stream of guaranteed lifetime income payments using a single lump - sum of money called a «premium,» or through flexible premium payments over time, depending on the type of product selected.
The flexible premium and coverage guarantees allow you to design a premium payment over the number of years that you choose.
Universal life provides a death benefit, and cash value build up, however, these policies are more flexible than whole life, as the policyholder may (within certain guidelines) alter the timing and the amount of the premium payment.
Universal life is considered to be more flexible than whole life in that the policyholder is able — within certain guidelines — to change the due date of the premium payment, based on his or her needs.
Flexible Premium Variable Life Insurance: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium payments.
Flexible premium policy or annuity: A life insurance policy or annuity contract that allows the amount and frequency of premium payments to be varied.
VUL allows flexible premium payments, allowing you to choose the amount and the frequency of your payments within certain limits.
You can invest a lump sum today, or contribute flexible premium payments over time, 2 to build a stream of guaranteed lifetime income that starts when you need it to — any date 2 to 40 years 3 in the future.
But, what makes universal life flexible is the fact that the policyholder can adjust the frequency and the amount of premium payments — within certain guidelines — to better fit their needs.
Higher deductibles can help lower the cost of your premium and Foremost offers flexible payment plans.
Universal Life Insurance is a flexible life insurance policy that combines the benefits of permanent life insurance protection and cash value accumulations with the convenience of adjustable premiums and payment schedules.1 And, within a Universal Life Insurance policy, cash value accumulations grow tax - deferred at competitive interest rates.
An income annuity allows you to convert part of your retirement funds into a stream of guaranteed lifetime income payments using a single lump - sum of money called a «premium,» or through flexible premium payments over time, depending on the type of product selected.
Flexible Premium Policy: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium payments.
Variable Universal Life Insurance — Another type of permanent coverage, variable universal life insurance, provides a death benefit, along with flexible premium payments, and the ability to build cash value over time.
The Banner Life Insurance Company Life Step UL policy offers a flexible premium payment option in that the policyholder can opt to pay a lower amount of premium in conjunction for a shorter policy duration.
These policies are considered to be highly flexible, with the policyholder being able to change the timing and the amount of the premium payment (based on certain guidelines).
Once advantage of purchasing a term life insurance policy is lower insurance premiums than a permanent life insurance policy.Permanent Life Insurance is a lifetime policy with flexible coverage and payment options.
Flexible premiums, which can allow policyholders to adjust their payment (alternatively, a fixed, consistent amount of premium can be chosen)
Universal life insurance provides flexible lifetime protection, similar to whole life but with the benefit of being able to adjust your premium payments up or down, subject to policy minimums.
However, if a whole life type of policy with the cash value component (a kind of «forced savings») seems attractive, one must decide between ordinary, level premium coverage and flexible payment universal life coverage.
This flexible premium allows the policy holder to plan a premium payment over the number of years that he or she chooses.
Some of the options also offer flexible premium payments to your discrepancy.
Fixed Premiums — Some types of insurance exist, like universal life insurance, which allows flexible premium payments.
Fixed Premiums - Some types of insurance exist, like universal life insurance, which allows flexible premium payments.
Payment of premiums is notably flexible with Gerber and there are discounts for certain methods.
Flexible Paid Up Rider: paid up additions allow the purchase of paid up additional whole life insurance through additional premium payments or dividends.
Variable universal life insurance is similar to universal life insurance in that premium payments are flexible and the cost of insurance rises over time.
Universal life insurance is a type of whole life insurance that offers its policyholders flexible premium payment structure.
Universal Life Insurance — A form of insurance with a flexible premium payment structure, and a cash value that is not necessarily guaranteed.
This includes changing the amount of your coverage as well as flexible payment options for your premiums.
As with many types of universal life policies, this plan is quite flexible in terms of premium payment and design.
Key Benefits Zero Allocation Charges1 Enjoy Tax exemption2 under Sec 80CCC & 10 (10A) Flexible premium payment terms & frequencies No limit on the maximum premium5 Option to start as early as 18 years6 Lower vesting age of 45 years6 -LSB-...]
The company's flexible payment structure also provides a convenient way of meeting premium payments.
Flexible Payment Options - With the power of the internet, you can buy insurance premium using your debit / credit card or NEFT.
Just about any time you see the word «universal» in the name of an insurance policy, you can assume your premium payments will be flexible.
Universal Life (also known as Flexible Premium / Adjustable Life) The biggest difference between Universal Life (UL) and whole life is that UL gives you considerable flexibility as to the amount and timing of premium payments.
Since the premium payments are flexible in these kinds of life insurance policies, you do not have to make the minimum payment each month if you are unable to do so.
Universal life insurance is sometimes referred to as a flexible premium life insurance policy because it allows you to determine the amount and frequency of premium payments, and to adjust the policy face amount up or down to reflect your changes in needs.