Sentences with phrase «permanent life insurance policies which»

There are 3 basic types of permanent life insurance policies which can be found in Colorado.

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.

One way would be to purchase a permanent life insurance policy which would be given to the employee upon retirement, after a certain number of years with the company, or based upon a certain level of performance.

Executive Bonus Life Insurance — An employer purchases a policy and pays the premium for permanent life insurance policy which is owned by the executive for whom the policy was purchased.

One of the pioneers in Universal Life, Banner offers their Life Step UL ®, a permanent life insurance policy which is vastly more affordable than many rival whole life products.

One way would be to purchase a permanent life insurance policy which would be given to the employee upon retirement, after a certain number of years with the company, or based upon a certain level of performance.

Whole Life Insurance is a type of permanent life insurance policy which provides insurance protection for your whole life with a guaranteed death benefit and guaranteed premiums.

The last feature you will have is convertibility which allows you to switch from a term policy to a permanent life insurance policy which is also something that annual renewable term offers.

Keep in mind that any permanent life insurance policy which offers potential earnings also has the potential for losses.

Not exact matches

The majority of permanent life insurance policies also have a cash value component, which is similar to an investment account.

Permanent insurance, which includes whole life and universal insurance policies, is for life: It provides a death benefit for as long as you pay the premium, but also may include cash value that can be accessed during the insured person's lifetime.1

Whole life insurance is a permanent policy, which gives you guaranteed protection for your loved ones that lasts a lifetime.

Universal life insurance is a flexible type of permanent life insurance policy in which the death benefit and premiums can be adjusted as your circumstances change.

Permanent life insurance policies (which include whole life insurance and universal life insurance, have the potential to accumulate guaranteed cash value that increases every year.

«The choice between term life or permanent life insurance is not a case of which policy is better; it's a case of which policy is appropriate for the current period in a person's life,» Lynch said.

These policies all generally have a cash value component, which is essentially the surrender value of the policy (if you give it up before its maturity or your death), and is the primary reason permanent life insurance policies are more expensive than term policies.

There are several types of permanent life insurance policies to choose from, each of which can be customized based on your goals.

The type of life insurance you have — term or permanent, and which specific type of permanent insurance — will largely affect the cost of the policy.

Or you may wish to lock in a steady rate with a permanent life insurance policy, which accrues cash value, and pays a guaranteed death benefit, even if you live to be 100 years old.

To understand which life insurance policies might be right for you, let's look a little closer at term and permanent life insurance.

The main difference between term life and permanent insurance is that term insurance only pays death benefits to your beneficiaries, while permanent life insurance pays out death benefits and accumulates cash value which will continue to build up over the life of the policy.

Once you know you want to provide benefits to your family upon your passing, and you have chosen to buy a permanent life insurance policy, the next decision you need to make is which type of permanent life insurance best suits your needs.

It is able to do this at the expense of the cash value, which is going to be much less than other permanent life insurance policies.

If you are considering permanent life insurance but have some questions or you need some additional guidance on which company and policy are the right fit for you, please give us a call today for a free strategy session.

Another option is to buy a permanent life insurance policy on them in which you can one day even transfer ownership to them.

Variable Universal Life (VUL) is defined as a type of permanent insurance policy, in which the cash value can be invested into different accounts consisting, for example, of stocks, bonds and mutual funds.

These policies all generally have a cash value component, which is essentially the surrender value of the policy (if you give it up before its maturity or your death), and is the primary reason permanent life insurance policies are more expensive than term policies.

When you shop for life insurance through Quotacy, you'll be able to see which life insurance companies offer the option to convert into a permanent policy before you apply.

Variable Life Insurance policies combine the benefits of a Permanent Life Insurance Policy with the benefits of a savings account, with which you can invest in stocks, bonds, money market accounts or mutual funds.

Granted, term life insurance typically has a conversion option, which will allow you to convert your policy to a permanent life insurance.

Cash value life insurance DEFINITION: a permanent life insurance policy that provides a death benefit, which also has an account that accumulates cash value.

Ameritas» Keystone term policy is convertible term life insurance which allows the insured to convert all or a portion of the policy to permanent coverage.

The policy is convertible term life insurance, which allows you to convert to one of Prudential's permanent policies by the end of the term or age 65, whichever is first.

Flexible Premium Policy: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium payPolicy: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium paypolicy in which the policy owner may vary the amount or timing of premium paypolicy owner may vary the amount or timing of premium payments.

Whole Life Insurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death beneLife Insurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the deathInsurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death benelife insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the deathinsurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death benefit.

Flexible Premium Variable Life Insurance: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium paymeLife Insurance: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium Insurance: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium paymelife insurance policy in which the policy owner may vary the amount or timing of premium insurance policy in which the policy owner may vary the amount or timing of premium payments.

The policy is convertible term life insurance, which allows you to convert your term policy to permanent coverage.

Life insurance proceeds are almost never taxed, but there are a few cases in which owners of permanent insurance policies will see Uncle Sam take a little bit of money off the top.

Thus, at a minimum, we suggest that «convertible term life insurance» is purchased which allows the policy to be converted into a permanent life insurance policy.

With this policy, the policy owner does have the option of converting the term life insurance policy over to a new permanent life insurance certificate — without having to prove evidence of his or her insurability — until the earlier of the certificate anniversary on which the insured is age 65, or 5 years prior to the end of the initial term period.

A type of Permanent Life insurance that gives the policy owner flexibility with regard to the face amount and premium amounts, which can be modified to respond to changing needs and circumstances.

CompLife is a permanent life insurance policy to which you can add term coverage if you just need the additional financial protection for a short period of time.

But you want to make sure the kids have basically the asset that was lost coming to them in another form, which could be a permanent life insurance policy.

Learn more about these permanent life insurance policies and the unique ways in which they work.

Learn about the differences between term and permanent life insurance, so you can decide which policy is right for your family.

One of the most useful features of permanent life insurance is the cash value that accumulates over the life of the policy, which can be:

Also, the insured may also wish to take advantage of the conversion option, which can allow him or her to convert the term policy over into a permanent form of life insurance coverage.

Whole life insurance defined: A whole life policy is a type of permanent life insurance where a contract is entered into between the policy owner and insurer, for a policy, which covers the life of the insured, for a specified insurance coverage amount, for the benefit of a beneficiary.

Child's Term Insurance — term rider providing life insurance for children until age 23, at which point the policy can be converted to permanent Insurance — term rider providing life insurance for children until age 23, at which point the policy can be converted to permanent insurance for children until age 23, at which point the policy can be converted to permanent coverage.

On the other hand, if you own permanent life insurance, the policy may have a cash surrender value (CSV), which you can receive upon surrendering the insurance.