Sentences with phrase «ordinary life policies»

As a result, dividends paid on many participating ordinary life policies were not competitive with the interest being credited to current assumption and universal life policies.

Although most ordinary life policies do not permit withdrawals, as such, if a withdrawal of cash values is permitted or the policy is partially surrendered, the amount distributed is taxed under the cost recovery rule.

Although it is not a matter of legal right, in practice some companies also will allow partial surrenders of ordinary life policies.

Most ordinary life policies are issued with an automatic premium loan provision that authorizes the company to automatically pay the premium by borrowing against the cash value if the premium remains unpaid at the end of the thirty - one - day grace period.

Policyowners may directly access cash values in ordinary life policies in two ways.

Participating ordinary life policies earn dividends if the life insurance is efficiently operated.

Other whole life policies can have flexible premium payment options different from ordinary life policies.

A unique aspect of an ordinary life policy, when compared to traditional term policies, is the ability for the death benefit to grow, too.

After the stipulated period, only the face amount corresponding to the ordinary life policy is payable as a death benefit.

As you must be aware by now the straight life insurance policy is simply a whole life policy otherwise known as an ordinary life policy.

Not exact matches

He has repeatedly name checked countries like Denmark and Sweden in interviews and debates, arguing that we should copy policies like mandatory paid leave for new parents and free healthcare and college education to improve the economic lives of ordinary Americans.

«A lot of ordinary people are losing their jobs, losing their houses and have a lower standard of living because of the irresponsible giddy acts of bankers,» he told a fringe event hosted by the centre - right thinktank Policy Exchange.

Jarecki intertwines the experiences of ordinary people living in extraordinary times, including a young army recruit named William Solomon; Wilton Sekzer, an ex-cop from New York City, who lost his son on September 11; and Karen Kwiatkowski, an ex-pentagon official who chose to leave her career after twenty years because «I thought I was seeing a hijack of our defence policy.»

Ordinary level premium whole life insurance has level premium payments for the duration of the policy, typically until age 100.

Whole Life Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawLife Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawlife insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawlife insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawals.

Permanent life insurance, also called whole or ordinary life, is the most common type of permanent policy.

Increased IRR: limited pay policies may also create a better internal rate of return (IRR), providing superior long - term growth in comparison to ordinary whole life that you pay premiums on until you die.

Life insurance dividends are the heart and soul of whole life and can turn an ordinary whole life policy into an efficient, cash generating machLife insurance dividends are the heart and soul of whole life and can turn an ordinary whole life policy into an efficient, cash generating machlife and can turn an ordinary whole life policy into an efficient, cash generating machlife policy into an efficient, cash generating machine.

Here's the truth of the matter: the vast majority of them amount to an ordinary term life insurance policy bundled with something else, usually an investment of questionable value.

As perhaps one of the most popular types of permanent life insurance, whole life, also known as ordinary life insurance, is a policy that provides lifelong coverage and will only come to an end after the death of the insured.

In reality, a properly designed whole life policy, blended with term insurance and paid - up additions, carries a very low commission for the agent in comparison to ordinary life insurance.

The policy is ordinary life insurance offering level premium payments until age 100.

This is because the sale of the life insurance policy, under these circumstances, is treated as, in part, the sale of a pure insurance asset (resulting in ordinary income), and as, in part, the sale of an investment asset (resulting in capital gain).

The policy is ordinary whole life to age 100.

Within those two main categories are various other types of policies designed to work in various ways which include universal life and traditional ordinary whole life policies.

With an ordinary Universal Life product, the policy could lapse under certain circumstances (e.g., interest rates fall below projections, insurance costs or administrative expenses rise, etc).

For these folks diagnosed with a condition, like Type 1 diabetes or type 2 diabetes diagnosed at a young age, or some type of congenital heart defect, or one of a hundred other such pre-existing conditions, it may make more sense to lock into a whole life insurance policy when given the chance, rather than take the risk of never being able to qualify for ordinary life insurance again later on in life.

If your policy is considered a MEC then life insurance loans are taxable as ordinary income on any gains in the policy.

While ordinary Permanent Life insurance is typically purchased in much larger benefit amounts (i.e. six - figures or more), a Final Expense policy tends to be issued in face amounts of $ 2,000 to $ 50,000 (these amounts vary, depending on the insurer).

The difference between term life insurance with the return of premium rider and your ordinary 30 year level term policy is that 30 years down the line, if he's still alive John gets back $ 49,536!

Level Premium Whole Life Insurance (sometimes referred to as «ordinary whole life») provides a lifetime death benefit and level premiums for the life of the policy (until the death of the insurLife Insurance (sometimes referred to as «ordinary whole life») provides a lifetime death benefit and level premiums for the life of the policy (until the death of the insurlife») provides a lifetime death benefit and level premiums for the life of the policy (until the death of the insurlife of the policy (until the death of the insured).

High cash value policies with paid up additions earn cash accumulation much faster than ordinary whole life insurance.

When referring to your typical «Whole Life» it is typically referred to an ordinary level premium whole life instead of the other types of life long policLife» it is typically referred to an ordinary level premium whole life instead of the other types of life long policlife instead of the other types of life long policlife long policies.

Ordinary term or whole life insurance provides comprehensive coverage for any cause of death (other than suicide in the first two policy years) including accident or sickness.

Every ordinary life insurance policy (term, universal life and whole life) that is approved and issued today contains a «contestable clause» that is in effect for a full two year period from the policy date.

Of the three main types of permanent insurance policies, whole (or ordinary) life provides the least flexibility, but the most predictable results and the lowest risk.

However, there are several other very good reasons to buy a policy without an exam including saving time, avoiding getting poked by a needle, not having to deal with an agent and eliminating the hassles of ordinary life insurance underwriting.

AD & D insurance is usually very inexpensive when compared to ordinary life insurance because of the limited payout scenarios and policy limitations.

A final expense policy is the perfect solution to this problem, but these aren't your ordinary life insurance policies though.

Since the money you pay into the policy belongs to you, you can even borrow against your whole life policy without going through a credit check, putting up collateral or any of the hassles associated with ordinary loans.

All policies in ordinary life are based on annual premium payments in advance.

Ordinary life insurance: A life insurance policy that remains in force for the insured's lifetime, usually for a level premium.

Whole life insurance, or whole of life assurance (in the Commonwealth of Nations), sometimes called «straight life» or «ordinary life,» is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date.

Premiums for these policies are higher than for ordinary life insurance since the premium payments are squeezed into a shorter period.

You may be looking at this example and adding up cash value plus death benefit, but remember: With ordinary whole life insurance policies like this one, your beneficiaries do not receive the cash value when you die; they receive only the death benefit.

It is important to note that ordinary life premiums can be much higher than term life insurance premiums, but they are smaller than the premiums you'd eventually pay if you kept renewing term policies in your later years.

When you purchase a comprehensive auto insurance policy, you end up with coverage for a diverse array of circumstances that may seem a little out of the ordinary — like fires — but are a distinct possibility in daily life.

It seems that those whose job it is to write the tax code understand the importance of life insurance just as well as ordinary consumers, and those legislators have written a number of special considerations into the tax code for life insurance policies and life insurance proceeds.

ORDINARY LIFE INSURANCE - A life insurance policy that remains in force for the policyholder's lifetLIFE INSURANCE - A life insurance policy that remains in force for the policyholder's lifetlife insurance policy that remains in force for the policyholder's lifetime.

Furthermore, the gains associated with the death benefit of a life insurance policy is typically not subject to ordinary income tax.