Sentences with phrase «policy until the death»

In these cases the cash value increases and is tax free provided you hold onto the policy until death.

Another key aspect of life insurance arithmetic is determining how many customers will continue paying their policies until death.

Fortunately, the «good» news is that the policy loan tax bomb can be avoided by actually holding the life insurance policy until death — allowing the loan to be repaid from the tax - free death benefit, instead of the (taxable) surrender of the policy.

Whole life insurance is known as permanent insurance because you can keep this policy until your death even if this should occur at age 100 or later.

The point saying all permanent insurance will pay out eventually wrongly assumes that policy holders will hold their policy until death.

Not exact matches

«If you have ample funds and are looking to get rid of a little every month, it would not be irrational to buy a whole - life, universal - life or variable - life policy, where the cash value grows income tax - free as long as the policy is held until death,» Hunt said.

Do ask yourself: If today I gave you a check in the amount of the death benefit of the life insurance policy you're considering, would you quit your job and work free for me until you die?

In this case, you would probably want to consider a guaranteed universal policy, since it provides a death benefit until 121 years of age (or whatever age you choose).

Inman plots Hubbert's work and short - lived impact on US energy policy, until the geologist's death in 1989, but his uncritical approach relegates any attempt to find current relevance for Hubbert to a 20 - page epilogue.

Once you complete the 10th Policy year, you will start receiving an annual payout until maturity or death of Life Insured, whichever is earlier, subject to policy being in Policy year, you will start receiving an annual payout until maturity or death of Life Insured, whichever is earlier, subject to policy being in policy being in force.

This Non guaranteed benefit (as percentage of Sum Assured on Maturity) is paid out as a cash bonus every year starting from the 6th Policy year, until maturity or death, whichever is earlier.

Virtually all variable universal life policies I have reviewed have these characteristics: a.) illustrated (represented based on hypothetical assumptions) to have level death benefits from the day purchased until death; b.) invested in risky sub-accounts [primarily stocks]; and c.) a premium that the client believes is his or her «policy's premium.»

In this case, you would probably want to consider a guaranteed universal policy, since it provides a death benefit until 121 years of age (or whatever age you choose).

A permanent insurance policy covers you until your death, regardless of age — so long as premium payments are up to date.

As discussed above, it is a fail - safe against your death, at least until the time arrives that you have enough money saved and invested that you no longer need to maintain the policy.

Sagicor's guaranteed universal life insurance policy is somewhat similar to a term life insurance policy that lasts until you turn 120, making it a great choice if you just want a permanent death benefit.

You'll still have the same life insurance policy you bought - nothing will change about the term or death benefit - but your premiums will be waived until your disability ends.

Loans taken will be free of current income tax as long as the policy remains in effect until the insured's death, does not lapse, and is not a MEC.

You can access cash value, through loans and withdrawals, potentially free of current income tax as long as the policy stays in force until the Insured's death.

For example, if you own a $ 500,000 life insurance policy and your parents co-signed on a mortgage loan worth $ 250,000, you can designate 50 % of the death benefit to your parents until the loan is paid off.

These policies offer much lower premiums as the death benefit is paid out on the passing of the second spouse (i.e. if you die, the death benefit is held until your spouse also dies).

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

One common way to determine how much you need is to multiply the policy holder's income by 15 and purchase a policy with an equivalent death benefit for a term that lasts until the person would likely retire.

A Life Insurance with Single - premium benefits is a type in which the premium is paid in lump sum to the policy to which in return death benefits are promised to be paid until the policyholder die.

Just like it sounds, a term insurance policy covers a defined period of time while a permanent life insurance policy is with you until death, as long as you pay the premiums.

The insurance part of the death benefit shrinks over time as the cash value grows, until eventually the cash value makes up all of the money the insurance policy will pay out.

Loans taken will be free of current income tax as long as the policy remains in effect until the Insured's death, does not lapse, and is not a Modified Endowment Contract.

This continues until policy maturity at age 121, when the cash value and death benefit are the same.

This type of life insurance policy allows those with disposable cash to pay a lump sum into a life policy for a death benefit that will be paid up until the insured dies.

A lump sum of money is paid into the policy in return for a death benefit that is guaranteed until you die.

The policy is then maintained until death, at which point a named beneficiary receives the insurance proceeds.

The policy can be used to provide coverage for a limited time like term insurance or permanently, until the death of the insured, like whole life.

If a couple sets up the trust jointly, the insurance policy purchased within the ILIT is usually a «survivorship» or second - to - die policy, so the death benefit won't be paid until the surviving spouse passes away.

Under current federal tax rules, loans taken will generally be free of current income tax as long as the policy remains in effect until the insured's death, does not lapse or matures, and is not a modified endowment contract.

In addition to the higher premiums, one of the main drawbacks to a guaranteed issue life insurance is that your beneficiaries wouldn't receive a full death benefit until your policy has been in force for a specific length of time (typically between one or two years, depending on the life insurance company).

Under current federal tax rules, loans taken will generally be free of current income tax as long as the policy remains in effect until the insured's death, does not lapse or mature, and is not a modified endowment contract.

This means in the event of the policy holder's death, a spouse would continue to collect payments until they pass away.

Term Rider: Due to the higher initial cost of permanent policies, you can supplement your coverage with a term rider to increase your death benefit coverage until your cash value has a chance to catch up.

While initial premiums are higher than with a typical term policy, it is possible for coverage to continue until death of the insured, and cash value may accrue in the policy on a tax - deferred basis that can be used to help meet financial needs during your life.

The longer you keep the policy, the more the cash component increases until it eventually comprises all of your death benefit.

A life insurance policy that covers the insured until death rather than a specific number of years.

The settlement company will continue paying the policy premiums until your death, and in exchange, they will pay you a lump sum of cash, which you can use for whatever you see fit — including saving for healthcare costs.

I think there should be an international policy on Ghost Bikes: that they stay there until the fundamental problem that caused the death is solved.

He was one of the founders of the Science and Environmental Policy Project and served as its chairman from 1992 until his death in 2008.

So if you have a death case and the at - fault driver has a $ 30,000 policy, the underinsured motorist coverage obligations do not kick in until the underlying policy has been offered.

The appellant was not present and was unaware of the meeting or the Assignment until after his father's death when Mr. Berger advised him that the effect of the Assignment was that the proceeds under the life insurance policy would go to his father's estate.

It's quite possible to get a term life insurance policy that covers you until your particular life expectancy if all you are concerned about is a death benefit.

So if you contract an infection during as an accident that doesn't take your life until six months later, your family would not receive the policy's accidental death benefit.

This allows for money to help the policyholder and his family while he is still alive, rather than having to accrue debt until such time as a life insurance policy pays out at death.

Whole life insurance is a policy that will remain in place until death.