Sentences with phrase «policy expenses»

Policy premiums are adjustable as long as there is sufficient cash value to cover policy expenses.

If you want permanent insurance and also want the ability to use the cash value to invest in the financial markets, you'll likely have to pay more in policy expenses.

Surrender of the policy within the first five to 10 years may result in considerable loss because surrender values reflect the insurance company's recovery of sales commissions and initial policy expenses.

Once policy expenses and charges are paid, the remaining premium amount is moved to the cash value account where it is invested based on the policyholder's investment selections.

If you want permanent insurance and also want the ability to use the cash value to invest in the financial markets, you'll likely have to pay more in policy expenses.

Aegon - Religare's website describes it as «a product suited for someone looking to reduce the life insurance policy expenses as their responsibilities decrease.»

The premium you pay on top of the cost of life insurance coverage and other policy expenses goes into a cash accumulation account, grows generally income tax - deferred5, and can be accessed generally income tax - free6 later in life while keeping your life insurance coverage intact.

If something happens down the road and the policyowner can not afford to contribute to the life insurance policy it is wise to reduce the death benefit to lower the overall policy expense charges.

Flight cancellation expenses would also be reimbursed for any reason which is covered under the policy

Typical expenses covered under a business overhead policy Expenses not covered in a business overhead policy

Generally speaking, pregnancy is not considered to be a preexisting condition, although many companies will not pay expenses if you were pregnant before getting the policy

Accumulates cash value that may potentially be used to help pay for the cost of insurance, riders and other policy expenses

(Policy expense charges include monthly administrative and mortality charges for the amount of insurance coverage provided).

• Bodily injury sustained or expenses incurred due to participating in Hazardous Sports, unless specified under the policy

Disadvantage No. 3: Surrender of the policy within the first five to ten years may result in considerable loss because cash surrender values reflect the insurance company's recovery of sales commissions and initial policy expenses.

All medical and hospitalization expenses are covered in this policy

Inside Insight — Options and incentives for consumers would concern the financial aspects of the policy such as «index caps», the «money sweep» policy, policy expenses, accelerated benefits, policy loan options, interest bonus options and «overloan» protection.

It's your responsibility to keep enough money in the bucket (by making adequate, timely premium payments) to pay the policy expenses as they come due.

But the numbers work out to be very close to actual ledgers if enough attention is paid to all of the policy expense inputs.

Universal life offers the flexibility to pay premiums at any time and in any amount (subject to some limits) as long as the policy expenses and cost of coverage are met.

Traditional universal life policies will lapse / expire when the cash account dwindles to the point that there are insufficient funds to cover the policy expenses and cost of insurance.

When you add his 3 costs together (premium expense fee: $ 100, policy expense charge: $ 406.44, Base cost of insurance: $ 46.25) they come to over $ 500 per year.

The company will provide you with annual reports showing the mortality charges, policy expenses, interest earnings and cash value accumulation in great detail.

After the first year of ownership, universal life policyholders have the option to increase, decrease or skip premium payments, so long as the cash value balance is sufficient to cover all policy expenses.

Even though permanent life insurance can build up considerable cash value over time, life insurance should never be purchased solely for savings or investment, as a large percentage of the premium on most any policy will be going towards paying for death benefit coverage and other policy expenses.

With this, insurance companies could no longer front load the charges (distribution and other policy expenses) to the customers and the charges had to be smoothened over the entire policy term.

However, the customer would have to pay the policy expenses borne by the insurance company, such as medical examination expenses etc..

The cash value amount will be determined by the performance of the chosen investments and policy expenses.

In - patient hospitalization expenses are covered for illnesses / injuries, as applicable under the policy

With mortality cost and policy expenses it would be doing well to produce that.