Sentences with phrase «periodic premium»

Or go in for regular premium plans from a best saving plan where one has to pay periodic premium where the frequency is determined as per one's convenience.

Payment is via either periodic premium payments or by a single, lump - sum payment.

Whole life insurance provides lifetime protection at fixed periodic premiums and builds cash value in addition to your death benefit.

Therefore, the planned periodic premium may not be sufficient to carry the contract to maturity.

Whole life is considered permanent life insurance and offers a guaranteed death benefit and a guaranteed periodic premium.

Whole Life Whole life insurance provides lifetime protection at fixed periodic premiums and builds cash value in addition to your death benefit.

Rebate for periodicity of premium In case of periodic premium payment policies one can normally choose to pay premium annually, half yearly, quarterly or monthly depending on one's cash flow situation.

Fixed Premium UL is paid for by periodic premium payments associated with a no lapse guarantee in the policy.

You pay in a designated periodic premium for a predetermined amount of time and then cancel the policy and receive enough money from the cash account that it is equal to your premiums paid in.

Additionally, with no liquidity in the initial years and fixed periodic premium instalments, ULIPs, no doubt, can bring serious investment discipline to the customer.

This type of contract features level or fixed periodic premiums computed on the assumption that the policyowner can retain the policy for the life of the insured.

An unexpected bonus that comes with your IUL policy is that once you stop paying periodic premiums and begin taking cash through policy loans, your insurance coverage doesn't end.

Planned Periodic Payment Adjustable life, equity indexed universal life, and variable universal life insurance policies do not have specified planned periodic premiums.

The permanent life product offered by AARP is whole life insurance that stays in force for your lifetime, has a guaranteed periodic premium, and builds cash value that you can access through policy loans that you do not have to repay.

Value Enhancement Rider: The VER is a whole life insurance rider that allows you to add additional single or periodic premium payments to your policy to purchase paid up additions, increasing your death benefit and cash value.

Typically, whole life insurance gives you fixed periodic premiums.

So a way to compensate the employee is to utilize a double bonus, which pays the executive bonus for the life insurance policy's periodic premium payment, as well as an additional bonus that covers income taxes owed.

Consult both an independent insurance agent and a major creditor life provider to compare the premiums, the periodic premium increases and the coverage differences.

It works the same way as does a standard life insurance policy: you pay a periodic premium in exchange for a death benefit paid to a beneficiary.

Make account updates, including: • Name • Address • Dividend options • Billing mode • Planned periodic premium

The IUL is setup to allow the policyholder to invest a periodic premium into the policy.

Adjustable life, equity indexed universal life, and variable universal life insurance policies do not have specified planned periodic premiums.

The waiver of premium rider keeps the insurance policy in force by waiving the periodic premiums if the insured becomes disabled and is unable to pay the premium.

On the upside, guaranteed issue policies are whole life insurance and guaranteed to pay as long as the periodic premium is paid (only for accidental death during the waiting period), the premium will remain the same throughout the life of the policy, and the insurer can not cancel as long as the periodic premium is paid.

It is permanent life insurance because it will never cancel as long as the periodic premiums are paid.

These policies accumulate cash value because the periodic premium you pay is actually more than the cost of insurance during the early years and less than the cost of insurance in the latter years.

Part of the periodic premium goes to pay for the insurance protection, and part is applied to the accumulation of cash value.

You select the amount of insurance («selected amount») and periodic premium («planned premium») that you'll be billed.

Since the mortality rate for whole life policyholders is higher than other types of life insurance, and the death benefit and periodic premiums are guaranteed, the premiums for whole life insurance are much higher than term insurance.

In the latter years of the policy, when the cost of insurance has increased because of the age of the insured, funds from the accumulation account are added to the periodic premium to make up the shortfall and keep the policy in force.

The waiver of premium rider is a type of disability insurance that provides that your insurance policy will remain in force if you become disabled and unable to pay your periodic premium.

Whole Life insurance is permanent insurance coverage and will stay in force for as long as the policyholder is alive as long as the periodic premium is paid.

Whole life insurance is most attractive because the death benefit is guaranteed for your lifetime as long as you pay your periodic premium, the premium does not change, and you can borrow the cash that accumulates in the policy.

You can also reduce the death benefit and the periodic premium if you find you need less insurance due to life changes.

Whole life insurance is guaranteed for a lifetime as long as the periodic premium is paid.

Once the policy is issued, the periodic premium will never go up.

Value Enhancement Rider: The VER is a whole life insurance rider that allows you to add additional single or periodic premium payments to your policy to purchase paid up additions, increasing your death benefit and cash value.

The business principal designates who in the organization is considered a key person and purchases a life insurance policy on that person, pays the periodic premiums and is the beneficiary of the policy.

For policyholder looking to build their cash accounts in an aggressive manner, periodic premiums can be increased to allow for quicker cash accumulation.

A part of the periodic premium is applied to pay for the death benefit, and another part of it is applied to a savings element.

Whole life insurance is considered a permanent policy because it remains in force for the life of the insured as long as the periodic premiums are paid.

Since these guaranteed issue policies are whole life policies, they are considered permanent insurance as long as the periodic premium is paid, and they build cash value.

As long as you are alive and can pay the periodic premium, your policy will be issued.

Since life is not a static event, the Universal Life policyholder can change the amount of the periodic premium or change the face amount of the policy according to their needs.

The broker principal designates who in the organization is considered a key person and purchases a life insurance on that person, pays the periodic premiums, and is the beneficiary of the policy.

Whole Life, considered the bedrock of the insurance industry, is a permanent insurance product that, once issued, has a guaranteed death benefit and a guaranteed periodic premium, and can not be canceled as long as premiums are paid.

So a way to compensate the employee is to utilize a double bonus, which pays the executive bonus for the life insurance policy's periodic premium payment, as well as an additional bonus that covers income taxes owed.