Sentences with phrase «of premium payments»

Generally, a universal life policy provides flexibility by allowing the policy owner to change the death benefit at certain times, or to vary the amount or timing of premium payments.

It is important to consider how changes to the dividend option or to the amount or timing of premium payments affect how the cash value and death benefit ultimately accumulates.

Modal premium is simply the premium paid on a policy, based on the frequency of premium payments, which could be annual, semi-annual, quarterly, monthly, or weekly.

The least expensive type of life insurance policy judged by size of premium payments and cost of insurance is a term life insurance policy.

You decide how much death benefit you want your universal life policy to have and the frequency of your premium payments.

Annuities that are sold by life insurance companies are «cash based» contracts that are purchased with either a «single premium» or through a «series of premium payments».

Be sure to check the data page or specifications page of your policy (usually page 3) to determine the amount of your premium payments and the period for which they are required to be paid.

Survivorship Incentive Life LegacySM offers you the opportunity to direct how a portion of your premium payments and Policy Account Value are invested among a wide array of investment options that include equity portfolios, bond portfolios, and a money market portfolio.

IncentiveLife Legacy ® III offers you the opportunity to direct how a portion of your premium payments and Policy Account Value are invested among a wide array of investment options that include equity portfolios, bond portfolios and a money market portfolio.

Note: The cash value is only part of your premium payments.

In this case, the policy would not be sellable because the present value of premium payments exceeds the present value of the death benefit.

Just like it sounds, after the level term period you would receive all of you premium payments back.

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

This is because each of the premium payments that are made is more than the amount of the premium payments on a straight life policy.

For traditional whole life insurance, the amount and duration of premium payments are the same for as long as the insured is alive, but some whole life policies allow you to pay premiums in a single installment, or for a shorter period such as 20 years or until age 65.

After 10 years of premium payments you have a solid lifetime insurance plan that provides much utility.

This does not expire when the policyholder reaches a certain age; and that allows the policyholder to adjust the amount and timing of premium payments and the amount of the death benefit while the policy is in force.

During the first year, all of your premium payments will go to pay the life insurance premium and optional benefit riders of your policy and is payable at age 100.

Policyholders of return of premium term life insurance are able to get back all of their premium payments if they live past the end of the policy term.

That it's not all bad news when it comes to the graded death benefit policies because in most cases, if an insured dies from «natural» causes during the graded death benefit period, most guaranteed life insurance policies (or at least the ones we offer here at TermLife2Go) will have some «reimbursement program» whereby the insured's beneficiary will receive back some if not all of the premium payments that the insured paid plus some type of additional interest earns as well.

With universal life insurance, the amount and the frequency of the premium payments may be altered to meet the policy holder's needs (within certain guidelines).

When he dies, the full death benefit is paid immediately, and confidentially to his charity — a much larger gift than he would have made if donating the cash equivalent of his premium payments.

For example, if you die within the first 2 years of purchasing Colonial Penn's guaranteed acceptance policy, your beneficiary just receives the sum of your premium payments plus 7 % interest compounded annually.

They differ in flexibility of premium payments, the way the cash value is invested and the death benefit guarantees.

Usually it is guaranteed that, whether the employee lives or dies, the employer may get back their entire portion of the premium payments.

Gerber Life offers you the flexibility to change the due date of your premium payments based on your individual needs.

(C) Self - funding of premiums: In case of death of the provider, insurance companies have an arrangement, which allows continuation of the plan without the burden of premium payments.

The cash value of a whole life insurance policy functions as a savings account, and a portion of premium payments grow tax - deferred over time.

A portion of the premium payments you make go towards interest or index growth avenues, allowing for greater growth potential, with a «floor» of minimum guarantees attached.

Universal life insurance has some advantages such as the ability to cash out at any time and the ability to change amount of premium payments.

This rider relieving you of the premium payments, can be a massive financial help.

If the plan's coverage lapses for any reason, like nonpayment of a premium, all of the premium payments are lost and the insured person is left with nothing.

Flexible Premium Policy: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium payments.

They are funded with a single, lump - sum payment rather than a series of premium payments.

I constructed a model of the shadow account to explain the details of the no - lapse guarantee, and I showed why a full understanding of the no - lapse guarantee is essential for making decisions about the timing and amount of premium payments going forward.

Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy.

For clues, go through bank and credit card statements to look for evidence of premium payments made to an insurance company.

A change in dividends could result in the resumption of premium payments.

In addition to lifelong insurance coverage, a portion of your premium payments goes toward a cash value account that grows tax - deferred over time.

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.

You are given the freedom to change the timing and even the amount of your premium payments as the need arises.

What any of these scenarios might do to the cost of your premium payments (except with waiver of premium, of course) is an open question and should be discussed with the human resources department before purchasing an employer - based life insurance policy.

With a deferred annuity, you typically make a series of premium payments during the accumulation period.

Captive agents may receive a base salary on top of commissions, but an insurance broker and independent agents are paid on commission, usually equal to the first year of premium payments (or a percentage of that).

Flexible premium policy or annuity: A life insurance policy or annuity contract that allows the amount and frequency of premium payments to be varied.

You should find the right balance of premium payments versus elimination period length that works for you.

You can check your LIC policy details including details of the premium payments, accrued bonuses, group schemes etc. by simply logging on to the official website of LIC India with your login credentials.

If you can't find the policy document, you may be able to find proof of premium payments that can help narrow your search.

The other column is the guaranteed cash value, which is half of the premium payments.

As permanent policies, they afford the flexibility to vary the amount or timing of premium payments, and the death benefit may be adjusted up or down (in accordance with the plan limits) without having to purchase a new or separate policy.