Sentences with phrase «of the death of the policy holder how»

Not exact matches

One reason for this is because the policy holder is allowed — within certain guidelines — to choose how much of his or her premium will go towards the policy's death benefit, and how much will go into the policy's cash value.

However, universal life is thought of as being more flexible than whole life because the policy holder has more control over when the premium due date is, as well as how much of the premium goes towards the death benefit, and how much goes towards the policy's cash value (within certain guidelines).

Many people are worried about how their family members will pay the premiums after the death of the policy holder.

This type of policy is considered to be more flexible than whole life, though, because the policy holder may choose — within certain parameters — how much of the premium will go towards the policy's death benefit, and how much will go into the cash value.

The policy holder may also be able to decide how much of his or her premium goes towards the policy's cash value component, and how much goes towards the death benefit.

This means that one can opt from various options on how death benefit is provided to nominee in case of policy holder's demise.

This is because the policy holder — within certain guidelines — may choose how much of the premium will go towards the death benefit, and how much will go into the cash value portion of the policy.

Universal life insurance offers policy holders a great deal of flexibility in that they can choose — within certain parameters — when they make their premium payment, as well as how much of that payment is allocated to the death benefit and how much of it is allocated to the cash value component.

There are many nice advantages that can be gained by owning a universal life insurance policy — including the fact that their holders have a great deal of flexibility regarding when and how much premium they pay (provided that there is enough cash in the cash value component to cover the cost of the policy's death benefit).

These policies offer more flexibility than whole life insurance because the policy holder may allocate — within certain guidelines — how much of the premium goes towards the death benefit and how much goes toward the cash value.

Third, the suggestion that the life insurance company «takes the cash value» upon the policy holder's death is based upon a misunderstanding of how the policies work.

After the death of policy holder, how much amount will be returned?