Sentences with phrase «of your universal life insurance policy as»

In other words, the insurance company can increase the cost of your universal life insurance policy as you get older.

Not exact matches

Universal life insurance is a flexible type of permanent life insurance policy in which the death benefit and premiums can be adjusted as your circumstances change.

As an indexed universal life insurance policy, Lifetime Builder Elite calculates and credits interest based, in part, on the upward movement of major stock market indices.

At certain points during the period of coverage, you can convert your term policy to a permanent life insurance policy (such as a whole life insurance policy or universal life insurance policy) and premiums are determined by your original health rating.

Many policies also offer you the option of converting your term policy into a permanent life insurance policy such as a universal life policy.

Policies such as variable universal life insurance combine components of the above, blending the investment flexibility of variable life with the ability to use the cash value to pay monthly premiums offered in universal life.

Each time you pay premiums for a cash value life insurance policy, such as a whole or universal life insurance policy, part of the premium is put towards the cash value.

Indexed Universal Life Insurance ties policy growth to a selection of market indexes such as the S&P 500

If you are considering permanent life insurance — such as whole life, universal life, or variable life insurance — you probably know that these types of policies provide both death benefits and cash value accumulation.

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.

Variable Universal Life (VUL) is defined as a type of permanent insurance policy, in which the cash value can be invested into different accounts consisting, for example, of stocks, bonds and mutual funds.

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 Universal Life (VUL) is another permanent life insurance type that offers similar features to other universal life policies, such as flexible allocation of premium paymeLife (VUL) is another permanent life insurance type that offers similar features to other universal life policies, such as flexible allocation of premium paymelife insurance type that offers similar features to other universal life policies, such as flexible allocation of premium universal life policies, such as flexible allocation of premium paymelife policies, such as flexible allocation of premium payments.

However, for long term estate tax planning for liquidity, a guaranteed universal life policy should be considered as minimum protection due to the rising cost of term insurance over a lifetime.

Whole life and universal life insurance policies are similar as they're both forms of permanent coverage.

«Participating life insurance» is only possible with a cash value life insurance policy as distinguished with other types of life insurance that do not accrue cash value such as convertible term life insurance or most guaranteed universal life insurance policies.

Since a universal life insurance policy's premiums are split between the cost of coverage and the cash value, you can choose how much you pay so long as it falls between the minimum and maximum premium amounts.

Universal life insurance policy owners are NOT viewed as owners of the life insurance company.

Universal life insurance is a form of permanent coverage, so the policy stays in - force so long as you continue to pay premiums and it builds a cash value.

Among the various types of permanent life insurance, the type that is most like a term life (temporary) policy is known as «guaranteed universal life insurance» or «GUL».

And as with a universal life insurance policy, the funds in the IUL cash value account grows and can be accessed in the form of partial withdrawals or policy loans.

In the case of variable universal life or indexed universal life policies, the illustration needed will be based on a hypothetical earnings rate such as 6 % and current insurance costs.

Above, we noted the advantage that any cash that DOES accumulate within a guaranteed universal life insurance policy, may be taken in the form of a loan and used for concepts such as infinite banking.

Adding complexity to the way universal life insurance works is the fact that this type of coverage offers flexible premiums — as in, the amount you pay into your policy can fluctuate from year to year.

Although individual life insurance products can run the gamut, most life insurance policies are offered in one of four ways — either as term life, whole life, universal life, or variable life.

Namely, the genre of permanent life insurance known as universal life policies DO NOT pay dividends (at least to my knowledge to date).

Indexed universal life insurance (IUL) is a type of permanent life insurance that offers the opportunity to invest your policy cash value in the financial markets tied to any number of market indexes such as the S & P 500.

Universal life insurance is designed to offer many of the same benefits as traditional permanent * life insurance policies such as whole life, but offers more flexibility that allows you to adjust your premiums and coverage as your needs change.

MassMutual offers a wide range of life insurance policies, such as term, whole, universal and variable universal life insurance.

For more information regarding final expense insurance, as well as general information about other policies, such as universal life insurance, be sure to check out Protective's Learning Center or some of the following articles:

Typically, a universal life insurance policy holder may adjust — within certain limits — the death benefit amount, as well as the timing and the amount of their premium.

Universal life insurance, on the other hand, is a type of insurance that is more fluid since it combines term insurance with an investment in the money market as preferred by the policy holder or advised by the insurance company.

As with a regular universal life insurance policy, the premium payments may be varied with this type of coverage.

For example, a common arrangement is for the employee to pay the cost of term insurance relative to the policy and if the policy is permanent life insurance, such as a cash value life insurance policy OR indexed universal life, the cost of term may be substantially less than the actual cost paid by the employer.

Policies that would be categorized as permanent would include the spectrum of whole life insurance AND universal life insurance pPolicies that would be categorized as permanent would include the spectrum of whole life insurance AND universal life insurance policiespolicies.

New York Life is known for offering a solid whole life insurance product; however, we found that they are also striving to offer solid universal life policies complete with a number of life insurance riders such as «no lapse» and «living benefits&raqLife is known for offering a solid whole life insurance product; however, we found that they are also striving to offer solid universal life policies complete with a number of life insurance riders such as «no lapse» and «living benefits&raqlife insurance product; however, we found that they are also striving to offer solid universal life policies complete with a number of life insurance riders such as «no lapse» and «living benefits&raqlife policies complete with a number of life insurance riders such as «no lapse» and «living benefits&raqlife insurance riders such as «no lapse» and «living benefits».

There are a variety of permanent life insurance policies such as whole life insurance, universal life insurance, and variable life insurance — and even combination policies like variable universal life insurance.

You should confer with your qualified legal, tax, and accounting advisors as appropriate Brighthouse Premier Accumulator Universal Life is issued by Brighthouse Life Insurance Company on Policy Forms 5E -37-14 and 5-39-17 and in New York only by Brighthouse Life Insurance Company of NY on Policy Form 5 -39-17-NY.

In many ways, indexed universal life insurance works in a similar fashion as most other types of coverage in that the policy holder pays their premium, and the net premium is then applied to the actual life insurance death benefit.

Our primary areas of expertise include term life insurance, universal life and equity indexed universal life, disability income insurance, in - force policy review, insuring tough health issues, business insurance including business succession and key man life and disability insurance, as well as estate planning.

One common feature you find with both the Term and Universal Life insurance policies is that you can get the policies for different terms of time such as anywhere from 5, 15, or 25 years for example.

As you can see this method of changing the structure of your Indexed Universal Life as you get older is a way for you to keep your Life Insurance policy intact, while keeping your premiums consistent and manageablAs you can see this method of changing the structure of your Indexed Universal Life as you get older is a way for you to keep your Life Insurance policy intact, while keeping your premiums consistent and manageablas you get older is a way for you to keep your Life Insurance policy intact, while keeping your premiums consistent and manageable.

In most instances, a permanent type of life insurance, such as whole life or a guaranteed universal life policy, will be the only option available.

These type of policies have lost their popularity since newer forms of permanent life insurance such as universal life and variable life came to the scene.

Variable Universal Life — Also know as a VUL and is considered to be a combined form of both Universal and Variable Life insurance policies.

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.

Acting as a universal life policy, the pricing and structure of the Protective Custom Choice UL plan is similar to a standard term life insurance policy and a great fit someone looking for keeping a decreasing amount of coverage after the end of the selected term.

The reason for this is quite simple it's because a no lapse universal life also known as guaranteed universal life offers the most affordable permanent life insurance protection with a guarantee that your policy won't lapse if you pay your premiums regardless of how the market is performing.

Sagicor's Sage NLUL: Available from as early as 15 days to 85 years of age, this is a flexible premium universal life insurance policy.

At the end of the term, you will have the opportunity to purchase another term, or even it to convert your policy to a permanent insurance policy such as whole life, universal life or variable life.