Sentences with phrase «of universal life contracts»

In addition to the potential for higher earnings on cash value balances, policyholders of universal life contracts have flexibility in terms of the level of total death benefit, premium amounts paid and payment frequency.

If the policy performs well and policy costs stay low, it's very possible that over the lifetime of a universal life contract, that substantially less premium may be paid into the contract than in the case of whole life.

Not exact matches

Whole life insurance is another form of permanent insurance, like universal, but has a higher level of guarantees and cash growth within the contract.

We see the possibility that human history will come to its end neither in a brotherhood of man nor in universal death under the blows of natural or man - made catastrophe, but in the gangrenous corruption of a social life in which every promise, contract, treaty and «word of honor» is given and accepted in deception and distrust.

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.

Universal Life Insurance: A type of permanent life insurance that combines term life insurance and an investment feature into one contrLife Insurance: A type of permanent life insurance that combines term life insurance and an investment feature into one contrlife insurance that combines term life insurance and an investment feature into one contrlife insurance and an investment feature into one contract.

However, with a universal life policy, you may be able to adjust your premiums - within the limits of your contract.

Those matters have arisen from almost every aspect of the development, pricing, marketing, underwriting, sale, administration and claims handling of whole, universal, variable and indexed life insurance, as well as variable, fixed and indexed annuity contracts and retirement products.

Premiums for Universal Life Insurance are normally high, especially in the early years of the contract.

Modified Endowment contracts (MEC) Modified Endowment Contracts (MEC) are the result of paying too much funding premium into a equity indexed universal life, variable universal life, or other adjustable life policy in too short a period of time (usually in the first contracts (MEC) Modified Endowment Contracts (MEC) are the result of paying too much funding premium into a equity indexed universal life, variable universal life, or other adjustable life policy in too short a period of time (usually in the first Contracts (MEC) are the result of paying too much funding premium into a equity indexed universal life, variable universal life, or other adjustable life policy in too short a period of time (usually in the first 7 years).

Separate Accounts (also known as sub-accounts) are various investment funds (e.g. stocks, bonds, equity funds, money market funds and bond funds) within a company's portfolio you can make use of under Variable Life Insurance and Variable Universal life Insurance contraLife Insurance and Variable Universal life Insurance contralife Insurance contracts.

Lincoln Benefit Life Company (LBL) is notifying variable life contract owners of an upcoming fund closure and liquidation on TotalAccumulator variable universal life contraLife Company (LBL) is notifying variable life contract owners of an upcoming fund closure and liquidation on TotalAccumulator variable universal life contralife contract owners of an upcoming fund closure and liquidation on TotalAccumulator variable universal life contralife contracts.

However, with a universal life policy, you may be able to adjust your premiums - within the limits of your contract.

Variable Universal Life Insurance - A combination of the features of variable life insurance and universal life insurance under the same Universal Life Insurance - A combination of the features of variable life insurance and universal life insurance under the same contrLife Insurance - A combination of the features of variable life insurance and universal life insurance under the same contrlife insurance and universal life insurance under the same universal life insurance under the same contrlife insurance under the same contract.

Many universal life contracts taken out in the high interest periods of the 1970s and 1980s faced this situation and lapsed when the premiums paid were not enough to cover the cost of insurance.

Tax Deferred Growth - Variable Universal Life is tax deferred which compounds the growth of your cash value (withdrawals or surrenders of contract or cash values may be subject to tax).

Universal Life Insurance: A type of permanent life insurance that combines term life insurance and an investment feature into one contrLife Insurance: A type of permanent life insurance that combines term life insurance and an investment feature into one contrlife insurance that combines term life insurance and an investment feature into one contrlife insurance and an investment feature into one contract.

Waiver of monthly deduction - An optional life insurance policy rider that waives the monthly Cost of Insurance charges on a universal life or variable universal life policy for the length of a qualified disability as outlined in the policy contract.

The universal portion means that premiums are flexible and the components of the life insurance policy (death benefit, savings element and premium) can be altered throughout the contract.

However, universal life insurance policies will never go down, and certain whole life policies will actually increase over time due to the amount of cash growth inside the contract.

Whole life insurance is another form of permanent insurance, like universal, but has a higher level of guarantees and cash growth within the contract.

Not all universal life contracts have this sort of guarantee.

From there, if there is a gain on the overall portfolio of the insurance company, the universal life polices get the excess added to their cash value account up to the max percentage amount listed in the contract.

American General's Lifetime GUL 3 is the most straightforward universal life insurance contract available, offering the benefits of a level death benefit and possibility of cash growth.

It should be mentioned that accessing cash value from a strict universal life insurance contract by of loan or withdrawal can greatly impact the latter years of the policy, even diminishing certain guarantees if the policy isn't funded as originally intended.

In addition, there are three other variable products, called the ISP Choice Variable Life, ISP 10 Express, and the Single Premium Variable Life, all which offer variations of the Variable Universal Life line to accumulate value tied to a market, while remaining inside of a life insurance contrLife, ISP 10 Express, and the Single Premium Variable Life, all which offer variations of the Variable Universal Life line to accumulate value tied to a market, while remaining inside of a life insurance contrLife, all which offer variations of the Variable Universal Life line to accumulate value tied to a market, while remaining inside of a life insurance contrLife line to accumulate value tied to a market, while remaining inside of a life insurance contrlife insurance contract.

Modified Endowment Contracts (MEC) are the result of paying too much funding premium into a equity indexed universal life, variable universal life, or other adjustable life policy in too short a period of time (usually in the first 7 years).

National Western Life caters more to wealthy individuals as many of their product offerings are interest sensitive such as universal life, whole life and annuity contraLife caters more to wealthy individuals as many of their product offerings are interest sensitive such as universal life, whole life and annuity contralife, whole life and annuity contralife and annuity contracts.

A universal life contract provides access to cash value accumulation like that of a whole life policy; however, cash value within a universal life policy includes a guaranteed minimum interest rate plus an additional interest payment if and when the life insurance carrier experiences higher returns on its own investments.

Variable universal life insurance coverage is a hybrid of universal life and variable life contracts.

Policyholders of variable life pay similar premiums as those who hold universal life contracts.

Variable Universal Life A variable universal life policy is a type of contract you would purchase through a brokerage firm or insurance company that manages retirement assets as well as insurance, such as Vanguard, John Hancock, or Bankers Retirement SUniversal Life A variable universal life policy is a type of contract you would purchase through a brokerage firm or insurance company that manages retirement assets as well as insurance, such as Vanguard, John Hancock, or Bankers Retirement SolutiLife A variable universal life policy is a type of contract you would purchase through a brokerage firm or insurance company that manages retirement assets as well as insurance, such as Vanguard, John Hancock, or Bankers Retirement Suniversal life policy is a type of contract you would purchase through a brokerage firm or insurance company that manages retirement assets as well as insurance, such as Vanguard, John Hancock, or Bankers Retirement Solutilife policy is a type of contract you would purchase through a brokerage firm or insurance company that manages retirement assets as well as insurance, such as Vanguard, John Hancock, or Bankers Retirement Solutions.

This guaranteed period or «term» that a death benefit will be paid (only upon death of the insured) is the reason this kind of insurance policy is called «term life insurance», Other permanent types of insurance contracts also exist such as whole life insurance and universal life insurance, which will never expire as long as all premium payments are made in a timely manner to the insurance company.

As long as the policy is not a Modified Endowment Contract (MEC), or subject to a «force - out» for overfunding under IRC Section 7702B — which can be confirmed with the insurance company — withdrawals from a universal life policy are treated as a basis - first return of principal and are not taxable (until all basis has been recovered).

Specifically, West Coast Life provides term and term - like life insurance, which provide protection for a certain period of time, universal life insurance, which provides life - long insurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retiremLife provides term and term - like life insurance, which provide protection for a certain period of time, universal life insurance, which provides life - long insurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retiremlife insurance, which provide protection for a certain period of time, universal life insurance, which provides life - long insurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retiremlife insurance, which provides life - long insurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retiremlife - long insurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retiremLife Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retirement.

The life insurance charges within a universal life insurance contract are similar to a variable universal life insurance contract, priced like a permanent form of non level term life insurance.

A variable universal life insurance contract will have a grace period just like any other life insurance policy if insufficient cash value remains to pay for the cost of insurance.

This new product combines the best features of life insurance and long - term care into one design; it is typically sold as a universal life contract that requires a single premium and that funds an accelerated death benefit rider to pay out long - term care benefits if needed.

Unlike other permanent policies that terminate if there is no cash value, guaranteed universal life depends on a specified premium being paid as contracted for the coverage to remain in force, regardless of zero cash values.