Sentences with phrase «pay premiums on the life insurance policy»

This clause provides that if the policyholder fails to pay the premiums on a life insurance policy, the insurance company may automatically use the accumulated cash value to pay the premiums.

Since his sister pays the premiums on the life insurance policy, I assume she is the owner of the policy.

That $ 42,000 could be used to pay the premiums on a life insurance policy, on the trustmaker's life, with the death benefit to pass to the 3 beneficiaries.

A company or business entity will purchase a life insurance policy on an owner, founder, or another key employee, and pay the premiums on the life insurance policy.

Since his sister pays the premiums on the life insurance policy, I assume she is the owner of the policy.

Income producing assets can be transferred into the ILIT with the express purpose on generating cash to pay the premiums on a life insurance policy owned by the ILIT.

A waiver of premium rider ensures that you would not need to pay the premiums on your life insurance policy should you become totally disabled and can't work.

The insured can use these funds to pay premiums on the life insurance policy.

Plus, if you can't pay the premiums on a life insurance policy, the policy lapses and you're wiped out; there's no money there to tap for college.

The optional Waiver of Premium rider gives you the benefit of not needing to continue paying the premiums on your life insurance policy should you become completely disabled and can not work.

In such cases, the divorce decree should include the funds to pay the premiums on this life insurance policy.

This rider is meant to safeguard your income for the burden of having to pay premiums on your life insurance policy.

If you were to continue paying the premium on your Life Insurance Policy, the amount of money your heirs could receive upon your death would always be higher than the immediate amount you would receive in a Life Settlement.

Not exact matches

Anyone holding a leverage life insurance annuity, or a 10/8 arrangements (another leverage insurance product) will now be subject to accrual - based taxation and no deduction will be allowed for any portion of the insurance premium paid on the policy.

Dividends on a life insurance policy are generally treated as a return of investment and are not treated as taxable income to the policyowner unless they exceed the amount of the aggregate gross premiums paid on the policy.

The cash value of a universal life insurance policy accumulates based on the amount of premium paid, monthly deductions for policy costs and an interest rate that is declared by the insurance company.

As with all life insurance policies, you pay premiums on your policy every year.

On the other hand, as long as premiums are paid, a permanent life insurance policy will always pay out a death benefit since it never expires.

The premiums on a variable life insurance policy will eat into the gains you could make from the money you are paying.

Life insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tLife insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife insurance policy, covering a given period of time.

Term life insurance policies can be purchased to cover nearly any period of time, and will stay in effect for the entire period as long as you continue to pay the premiums (the cost of the policy, which can be paid on a monthly or annual basis).

Unlike permanent life insurance policies which remain in effect for your entire life (assuming your premiums are paid on time), term life policies remain in effect for a specific term or period of time.

On the other hand, if your company decides to sell the key person life insurance policy, you may have to pay taxes, depending on the size of the settlement, cash value of the policy, and the amount that's been paid in premiumOn the other hand, if your company decides to sell the key person life insurance policy, you may have to pay taxes, depending on the size of the settlement, cash value of the policy, and the amount that's been paid in premiumon the size of the settlement, cash value of the policy, and the amount that's been paid in premiums.

If you are a savvy investor and comfortable with risk, it may make more sense to buy the term policy and invest the difference that you would pay for return of premium life insurance on your own.

Term life insurance is not available as a standalone policy on children (because the term would likely be over by the time they needed income replacement for their own families), but a permanent policy will last their lifetime so long as the premiums are paid.

The return of premium rider, available for return of premium life insurance policies, and also on certain long - term care policies, disability insurance, etc., will return all of your premiums paid over the life of your policy should the term come to an end or should you wish to surrender the policy.

With an Indexed Universal Life policy you have the ability to pay more or less each month (there is a minimum to cover fees, and a maximum based on the MEC limit) but the policy has much more premium flexibility than the other types of life insurance policies in the marLife policy you have the ability to pay more or less each month (there is a minimum to cover fees, and a maximum based on the MEC limit) but the policy has much more premium flexibility than the other types of life insurance policies in the marlife insurance policies in the market.

Initially, the premiums paid on cash value insurance, such as whole life insurance rates, are higher than those associated with term insurance, given that term insurance payments are used just to pay for current insurance coverage and not to build up cash value in the policy.

The inner - workings of cash value life insurance consists of a life insurance policy, which is a contract between the policy owner, the insured (often the same person), and the insurer, where the insurer agrees to pay a death benefit to the policy's beneficiary, based on the owner continuing to make the policy's premium payments.

In other words, with whole life you can keep the coverage until you die and you probably won't pay premiums on the policy later in life, particularly if you chose limited pay life insurance.

To save on premiums, it is recommended that a company purchase term insurance versus whole or variable life policies which carry higher premiums and pay out greater commissions for insurance agents.

Guaranteed Term Life Insurance A type of renewable term life insurance that remains in force provided the policy premiums are paid on tLife Insurance A type of renewable term life insurance that remains in force provided the policy premiums are paidInsurance A type of renewable term life insurance that remains in force provided the policy premiums are paid on tlife insurance that remains in force provided the policy premiums are paidinsurance that remains in force provided the policy premiums are paid on time.

Dear Rajendra, May I know the total premium amount you pay on your Life insurance policies and total coverage you have (sum assured)?

Note: Variable life insurance policy values are not guaranteed, will fluctuate based on performance of the underlying investments, and may be worth more or less than the premiums paid.

The IRS places a limit on how much money can go into life insurance premiums for the policy and how quickly such premiums can be paid in order for the policy to retain all of its tax benefits.

The cash value held in a life insurance policy is determined by subtracting the cost of insurance and other charges levied by the insurance company from the total amount of premiums paid plus any interest or capital appreciation earned on the cash value.

Offers you a money - back guarantee on your term life insurance: If you outlive the policy, the premiums you have paid over the life of the policy will be returned to you.

And here's the bottom line: all life insurance policies promise to pay an agreed - upon sum of money should you die while your policy is in - force (that is, while you're paying your premiums on time and while you're still operating within the terms of your contract).

You pay for your life insurance coverage with monthly premiums, which are calculated based on the size of your policy and other factors.

Renewal premiums on term life insurance policies are so high that most consumers are unwilling to pay the premiums at renewal.

Use this form to authorize electronic fund transfers from your checking, savings or share draft account to pay premiums due on your personal life insurance policies.

You buy a 30 year term return of premium life insurance policy, you'll need to pay on it for 30 years to get the full premium back.

Death benefits for Gerber life insurance college plan range from $ 10,000 to $ 150,000 which are guaranteed when the policy matures, this assumes you pay all of your premiums on time.

A permanent life insurance policy, on the other hand, stays in force for as long as you keep paying the premiums.

With a universal life insurance policy on the other hand, the company will take the premium from the cash value accumulation portion and continue to pay the premium.

All sorts of income can potentially be tax - free, including: Auto rebates; child - support payments; combat pay; damages in lawsuits for physical injury; disability payments, if you paid the premiums for the policy; dividends on a life insurance policy, up to the total of premiums paid; Education Savings Account withdrawals used for qualifying expenses; gifts; Health Savings Account withdrawals used for qualifying payments; inheritances; life insurance proceeds; municipal bond interest; policy officer survivor payments; profits from the sale of a home, up to $ 250,000 if you're single or $ 500,000 if you're married; qualified Roth IRA and Roth 401 (k) withdrawals; scholarships and fellowship grants; Social Security benefits (between 15 percent and 100 percent are tax - free); veterans benefits; and workers» compensation.

The Mcmullins were days away from surrendering a life insurance policy they had paid premiums on for 15 years.

These are a separate premium placed on top of what you would pay for a life insurance policy.

That may depend on the state laws pertaining to life insurance and suicide, how long ago the life insurance policy was purchased, if the premiums were all paid up, and any suicide exclusion in the life insurance contract.

On the other hand, you may have an opportunity to convert your whole life policy into a «paid - up» policy and this is where you no longer have to pay the premiums but the insurance will remain in place.