Sentences with phrase «policy accumulates cash value over time»

Plus, since the whole life policy accumulates cash value over time, the insured could have accessed it tax - free during a financial emergency.

The premiums you pay for permanent life insurance are much higher than for term life, but the payoff is that your policy accumulates cash value over time.

As the years go by your whole life policy accumulates cash value over time.

In addition, whole life insurance policies accumulate cash value over time and may offer the purchaser dividends.

Some types of life insurance policies accumulate cash value over time.

Not exact matches

The cash value accumulates over time and earns tax - Only cash value life insurance policies will count as an asset in most cases.

Whole life insurance is a type of permanent life insurance policy that accumulates cash value over time.

A survivorship policy is generally more cost - effective than two separate policies, giving you the potential to have your cash value accumulate more quickly over time.

Over time, the cash value of the policy will accumulate on a tax - deferred basis.

Over time your child's policy will accumulate cash value.

The other provides permanent coverage until you die (this can now go up to age 120 + on newer policies; older policies may or may not have extended maturity dates / maximum ages) and often accumulates a cash value over time.

In addition to the life insurance coverage that is provided with a permanent plan, this type of policy will also include a cash value component where cash can accumulate on a tax deferred basis over time.

Depending on your policy's potential cash value, it may be used to skip a premium payment, or be left alone with the potential to accumulate value over time.

Permanent policies also accumulate cash value over time, while term policies do not.

One of the advantages of a whole life policy is that it accumulates cash value over time, thus creating an amount that a person can borrow against if needed.

In addition, the cash value of that policy accumulates over time — and it's tax - deferred.

Whole life insurance policies come with an added benefit: cash value which accumulates over time as premium payments are made.

You can borrow against the policy's cash value, as it accumulates over time, to help cover unforeseen expenses.

Over time, the policy will accumulate cash value growth.

While a permanent policy is always a possibility, and it will accumulate a cash value over time, a term life policy is a simple solution for this type of payout.

Permanent life insurance policies contain a cash value investment which accumulates value over the life of the policy and is also distributed at the time of your death.

Flexibility: This policy also offers the buyer a certain amount of flexibility in regards to its potential of accumulating cash value over a period of time, which the buyer can use for personal reasons.

Universal and variable universal life policies also accumulate cash value over time, but with the flexibility to adjust premiums and coverage.

Whole Life and other policies with an investment component accumulate cash value over time.

Whole life policies offer you a fixed level premium that won't increase, the potential to accumulate cash value over time, and a fixed death benefit for the life of the policy.

Whole life insurance has a cash value component that may accumulate over time, and is one of the key benefits of owning a whole life insurance policy.

Most universal life policies accumulate cash - value over time that you can borrow1 against (up to a maximum limit), for whatever you like, such as a down payment on your first home or preparing for a new baby.

Permanent life insurance policies also contain an investment component that allow the policy to accumulate cash value over time.

A whole life policy accumulates cash value which is guaranteed to increase over time.

In addition, the cash value of that policy accumulates over time — and it's tax - deferred.

Cash value will be greater in the later years of a policy than in the early years, since the cash value accumulates over time, but the bottom line is that ready cash can be available should a need arCash value will be greater in the later years of a policy than in the early years, since the cash value accumulates over time, but the bottom line is that ready cash can be available should a need arcash value accumulates over time, but the bottom line is that ready cash can be available should a need arcash can be available should a need arise.

Similarly, the cash value in your current policy may also be enough to pay the premiums for a number of years into the future, but that, too, will erode the death benefit over time, as the loans to pay premiums accumulate with interest (if you were not paying some or all of those amounts back to the insurance company).

Whole life insurance is a type of permanent life insurance policy that accumulates cash value over time.

Whole life insurance policies develop accumulating cash value over time.

The living benefit is the cash value or savings component of the policy that grows over time as interest income accumulates.

The policy over time can accumulate a substantial amount of cash value which can be used for whatever you desire down the line.

When a company pays premiums into a permanent (non term) key man insurance policy a cash surrender value begins to accumulate over time.

Over time, the cash value of the policy will accumulate on a tax - deferred basis.

Like other permanent policies, a burial insurance policy can accumulate tax - deferred cash value over time, which can be either withdrawn or borrowed against at the policy owner's discretion.

The death benefit and policy premium are fixed and unlike term insurance, this coverage has a cash value which accumulates over time.

These policies also allow the policy holder to accumulate cash value on a tax - deferred basis over time.

Whole life insurance policies also accumulate cash value over time.

Cash value accumulates over time as you make regular payments toward your policy (these payments are known as premiums).

Additionally, you may elect to purchase the policy so that a level death benefit is purchased and the cash value accumulates «on top of» or in addition to the death benefit or you may choose to purchase a level death benefit in which the cash value acts as a reserve against the death benefit (thus lowering the actual cost you pay for the death benefit over time).

The balance of the death benefit that your policy will pay will come from the cash value that has accumulated over time.

Your premium would remain the same amount for your lifetime, and the cash value of your policy accumulates over time.

Policy premium payments are typically fixed, and, unlike term, whole life has a cash value, which functions as a savings component and may accumulate tax - deferred over time.

As with other universal life insurance policies, it has the potential to accumulate cash value over time.

This type of permanent policy has fixed premiums as well as a cash value component that accumulates over time.

The policy also accumulates a certain amount of cash value over time.