Sentences with phrase «of universal life policyholders»

Not exact matches

This has caused issues for some universal life policyholders, since at one time policies were sold with maturity dates of 85 years of age.

Unfortunately for universal life policyholders, earnings in excess of basis are taxed as ordinary income rates.

Also, as permanent insurance, the cash value account in universal life grows tax - deferred and can be accessed by the policyholder in the form of loans or withdrawals, subject to any applicable policy provisions.

The additional wrinkle with variable universal life is that the policyholder has a variety of investment options to choose from.

Universal Life Insurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the caUniversal Life Insurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash vaLife Insurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cauniversal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash valife insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash value.

But there's a twist: the policyholders of universal life policies can change the premium and death benefit amounts without getting a new policy.

A unique feature of universal life insurance is it gives policyholders a surprising amount of flexibility with the premium payments and death benefit.

Unlike term life insurance, which only covers a policyholder for a certain number of years, universal life insurance continues to cover a person thought their entire life, even in those later years as he becomes a larger and larger investment risk for the company.

In addition to paying required premiums, universal life insurance policyholders can also pay in additional funds to increase the cash value of the policy.

The big difference between universal life insurance and a whole life policy, is that with universal life the premiums can be paid as the policyholder desires, as long as sufficient cash values are present to pay of the cost of insurance.

Term life insurance awards a fixed amount of money at the death of the policyholder, and universal life insurance policies offer this as an option.

A universal life insurance policy is similar to a Whole Life policy, with the exception of less policyholder participation in how the premiums are invested in money market fulife insurance policy is similar to a Whole Life policy, with the exception of less policyholder participation in how the premiums are invested in money market fuLife policy, with the exception of less policyholder participation in how the premiums are invested in money market funds.

Both the indexed universal life insurance and the term life insurance policies typically include an accelerated death benefit so that a large portion of the death benefit can be paid to the policyholder in the event of a terminal illness.

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.

Most Universal Life policies come with an option that allows the policyholder to take out a loan / borrow money against the cash value of their policy.

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.

A universal life insurance policy, also known as a permanent policy, is a flexible type of life insurance that allows the policyholder to adjust the premium and amount of coverage.

Whole life insurance and universal life insurance are more expensive options because they last for the entire lifetime of the policyholder in addition to having a savings component.

Similar to whole life insurance, universal life insurance offers the policyholder greater flexibility with regard to premium, payment, and use of savings and insurance benefits.

Universal life insurance is a type of life insurance policy that allows the policyholder to alter the policy in response to life changes, by merging the benefits of term life insurance with those of a savings account.

As with whole life insurance, the cash value in a universal life (or UL) policy can grow on a tax - deferred basis, and the money in this component of the policy may be withdrawn or borrowed by the policyholder for any reason.

The fixed indexed universal life insurance policy allows the cash component to experience growth that is based on an underlying market index, such as the S&P 500 — yet, in times of a market downturn, the policyholder won't lose value in their cash component.

Customer Choice Universal Life offers policyholders level premiums and the flexibility of term life coverage, at competitive prices that are less expensive than typical whole and universal policies on thUniversal Life offers policyholders level premiums and the flexibility of term life coverage, at competitive prices that are less expensive than typical whole and universal policies on the marLife offers policyholders level premiums and the flexibility of term life coverage, at competitive prices that are less expensive than typical whole and universal policies on the marlife coverage, at competitive prices that are less expensive than typical whole and universal policies on thuniversal policies on the market.

The big difference between universal life insurance and a term life policy, is that with universal life the premiums can be paid as the policyholder desires, as long as sufficient cash values are present to pay of the cost of insurance.

Variable Universal Life Insurance (VUL) is a permanent type of Life Insurance combining the essential features of Variable Life Insurance and Universal Life Insurance, thus allowing the policyholder to allocate premiums to different investment options, to build up cash value and to determine when and how much you invest in your policy.

The conversion privilege permits a policyholder to exchange a term policy for a whole life or universal life policy without evidence of insurability.

A unique feature of universal life insurance is it gives policyholders a surprising amount of flexibility with the premium payments and death benefit.

But there's a twist: the policyholders of universal life policies can change the premium and death benefit amounts without getting a new policy.

Universal life insurance in particular, with its varying premiums (thanks to policyholders being able to pay them with the cash value), adds an additional layer of complication.

This has caused issues for some universal life policyholders, since at one time policies were sold with maturity dates of 85 years of age.

So, if a policyholder had purchased a Colony Term universal life 10 policy, and then they decided five years after purchasing it that they wanted to have coverage for the remainder of their lifetime, then the coverage extension feature would have allowed the insured to extend the death benefit protection guarantee to either age 90, age 100, or 105 — and, this could occur without the need for the insured to provide evidence of insurability.

However, the right choice between permanent insurance / cash - value insurance products (whole life, universal life, etc.) and term life insurance also depends in large part on the circumstances and mindset of the policyholder.

Universal life insurance is also flexible in nature, in that the policyholder is allowed, within certain guidelines, to alter the timing of when the premium is due.

The Secure Lifetime GUL 3 is also a universal life insurance policy that provides the policyholder with a great deal of flexibility in both coverage and cash value build up.

Since a healthy sum of cash value in a variable life or variable universal life insurance policy is needed to pay the costs of keeping the policy in force, policyholders should choose their sub-account investments with extreme caution.

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.

However, universal life insurance also offers a considerable amount of flexibility and benefits to the policyholder, like:

Universal life insurance coverage is somewhat more flexible in that the policyholder may — within certain guidelines — change the timing of the premium's due date.

Variable universal life is similar to universal life insurance plans — except variable allows the policyholder to have greater control of the cash value account.

One major draw of universal life insurance is that it allows the policyholder to do two important things: review and alter the policy as circumstances change and use the interest from accumulated savings to help pay premiums.

In addition, the policyholder of a universal life insurance policy may also be able to decide how much of their premium dollars will go towards the death benefit, and how much will go towards the cash value component of the policy.

Indexed universal life policies put a portion of the policyholder's premium payments toward annual renewable term insurance with the remainder added to the cash value of the policy after fees are deducted.

Whole and universal life insurance are in place for the entire life of the policyholder.

Rather than growing at a set rate of interest, though, with variable universal life, the funds in the cash component are actually managed professionally (unlike variable life policies that are managed by the policyholder) in underlying «subaccounts» and can be in entities such as stocks, bonds, and mutual funds.

A type of life insurance that allows the policyholder to change a term policy into a whole or universal policy without going through the health qualification process again.

Convertible Term Insurance allows the policyholder to change the face value of the term policy in force into a permanent form of Life Insurance, such as Whole Life, Universal Life or Variable Life, without any penalties or evidence of insurability.

Both whole and universal / unbundled life insurance are types of permanent life insurance and have a cash value component in which a portion of each premium payment is saved and invested on the policyholder's behalf.

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.

Certain life insurance policies — such as universal life insurance — also allow policyholders to accumulate tax - deferred funds by investing the maximum allowable amount into the cash value portion of their insurance policy.

After the first year of ownership, universal life policyholders have the option to increase, decrease or skip premium payments, so long as the cash value balance is sufficient to cover all policy expenses.