Sentences with phrase «overall value of the death benefits»

Dividends, loans, withdrawals and other actions taken on behalf of cash value life insurance can affect the overall value of the death benefits.

Not exact matches

Life products have several options which will ultimately affect the overall value of the policy to you while you are living (cash value) and the value to your beneficiaries at your passing (death benefit).

A whole policy provides more flexibility in that you usually have more freedom to change the overall death benefit, and this type of life insurance policy can accumulate a cash value.

Note that accessed cash values will reduce the death benefit of your policy or otherwise negatively impact overall policy values.

You use the whole life insurance policy dividends paid by the carrier to purchase extra paid up coverage, which contributes to your overall death benefit, while simultaneously increasing the cash value of your policy.

This means that the amount of the death benefit will not be used in the overall value calculation of the estate.

Life products have several options which will ultimately affect the overall value of the policy to you while you are living (cash value) and the value to your beneficiaries at your passing (death benefit).

So, for example, if the death benefit of a life insurance policy that is owned by the insured has a death benefit of $ 500,000, then this amount will be included in the person's overall estate value when he or she dies.

A whole policy provides more flexibility in that you usually have more freedom to change the overall death benefit, and this type of life insurance policy can accumulate a cash value.

A Permanent insurance policy offers both a death benefit and a cash value component as part of the overall policy.

In some cases, the death benefit amount is included in your overall estate value and may be calculated as part of your estate tax as explained above.