Sentences with phrase «owners of life insurance policies while»

Living Benefits These are benefits available to owners of life insurance policies while the insured is still alive.

Not exact matches

While owners of many term life insurance policies have the right to renew the policy once the period draws to a close, the cost will increase upon renewal, and can be considerable.

If a life insurance policy owner suffers a major critical illness while still working, life insurance is typically one of the first bills that are left unpaid, even if it causes the policy to lapse.

While life insurance death benefits are generally excluded from income tax to the beneficiary, they are included as part of the estate of the deceased if the deceased was the owner of the policy at the time of death.

Instead, fixed universal life policies generally earn an interest rate in the cash value, while variable universal life policy returns depend on the performance of the funds offered within each policy's subaccounts, which are analogous to mutual funds, except that the insurance company owns the shares rather than the policy owner.

While policy owners are allowed to withdraw funds from the cash value component of a permanent life insurance policy — subject to the amount of the available funds that are in the account — a withdrawal that exceeds the amount of cumulative premiums that have been deposited can be taxed.

Owners of closely held businesses may find that if they die, the proceeds of a permanent life insurance policy can help their children keep the business going while they determine what to do with it.

While term life insurance is the least expensive policy to own when viewed through the spectrum of total cost of insurance, term life insurance provides the lowest expected rate of return for a policy owner, almost zero.

While your premiums will be more expensive than a term life policy, some policy owners choose whole life for the peace of mind, knowing that their life insurance coverage will not end.

Term Life Advice is owner - operated, so while Banner Life Insurance is one of the best in the industry, we have nearly unlimited options when it comes to finding you the best rate and policy.

Term life insurance covers the owner of a set period of time, while cash - value policies can be used to build up cash value as an investment.

In addition to giving you access to the cash value of the policy, different types of whole life insurance offer other benefits the policy owner can use while the insured person is still alive.