Sentences with phrase «portion of your universal life»

This is accomplished by gaining access to a portion of your universal life policy cash value.

A portion of the universal life insurance monthly premium is put into the cost of the life policy which will provide the death benefit to your beneficiary and another portion of the premium is invested so it can be used as investment savings.

Furthermore, if you don't withdraw the savings portion of your universal life insurance policy while you are still alive, the insurance company actually gets to keep it.

Not exact matches

Universal life insurance is similar to whole life insurance in that a portion of your monthly premiums go toward a savings component of the policy, called the «cash value.»

If you have a universal life insurance policy, you can check how the investment portion of your policy is performing.

If you choose to exercise this option, it allows you to convert all or a portion of the existing death benefit to permanent insurance coverage, such as whole life or universal life, with no evidence of insurability required (i.e. no medical exam or health questions).

Variable Universal Life provides the flexibility of universal coverage but with the ability to earn potentially higher returns due to the investment portion of thUniversal Life provides the flexibility of universal coverage but with the ability to earn potentially higher returns due to the investment portion of thuniversal coverage but with the ability to earn potentially higher returns due to the investment portion of the policy.

These universal life products are in the indexed universal life category, which allow you to allocate a portion or all of your premium payment into indexed accounts or a fixed account.

The investment portion of most universal life insurance policies does behave like a mutual fund in another very important aspect.

A unique feature of certain permanent insurance such as universal life and participating whole life (also known as par) is that there is an insurance portion as well as an investment portion.

Both the indexed universal life insurance and the term life insurance policies typically include an accelerated death benefit so that a large portion of the death benefit can be paid to the policyholder in the event of a terminal illness.

Universal life insurance will also be more expensive than term life because of the investment portion of your payments for this kind of policy.

The Sage universal life insurance no medical exam policy also offers a minimum guaranteed interest rate on the cash value accumulation portion of 2.5 % which is guaranteed payable over the life of the policy.

2) Simplified Issue Universal Life (UL)-- Similar to the above, except that in addition to providing the applicant death benefits, this type of policy also provides a cash value accumulation portion.

The policy is also convertible term life allowing you to convert all or a portion of the policy into permanent life insurance, such as universal life.

With universal life, the insurer separates the death benefit from the investment portion of the premiums, putting your investment dollars into its choice of bonds, mortgages and money markets.

If you have a universal life insurance policy, you most likely have the flexibility to use the cash portion of the policy to pay the premium until your financial situation improves.

Variable universal life is offered directly from a registered representative, and offers both flexibility and the potential to accelerate growth of cash within the policy by a portion of the premiums going towards the stock market.

The advantage of variable universal life insurance is to capitalize on the saving portion of your plan.

Variable universal life insurance allocates a portion of the premium payments into the insurer's variable separate account to offer the potential for even greater cash value accumulation.

Also, consider adding policy riders that will allow you to access the policy death benefit in the event of a terminal illness or even convert a portion of your term policy into a permanent policy (such as whole life or universal life).

With variable universal life, a portion of your premium is allocated to the investment options offered through the policy, based on your risk tolerance and goals.

Much like the IUL, a variable universal life has a portion of the cash value tied to the markets to attempt to grow money more aggressively while utilizing the tax and death benefits of life insurance.

The universal portion means that premiums are flexible and the components of the life insurance policy (death benefit, savings element and premium) can be altered throughout the contract.

Borrowing is permitted on the cash value portion of Whole Life and Universal Life policies.

A conversion option is typically included and allows the owner of the term policy to covert all or a portion of the term into permanent coverage, such as universal life insurance, without proof of insurability — that means no health questions or medical exam.

When you make a premium payment on a variable universal life insurance policy, a portion of that payment will cover the cost of the policy.

Indexed universal life policies put a portion of the policyholder's premium payments toward annual renewable term insurance with the remainder added to the cash value of the policy after fees are deducted.

Universal life insurance is a type of Whole Life, but the investment portion of the policy is invested into a money market instead of the stock marlife insurance is a type of Whole Life, but the investment portion of the policy is invested into a money market instead of the stock marLife, but the investment portion of the policy is invested into a money market instead of the stock market.

In some cases the best possible solution will be having a very affordable Term life insurance policy to cover the major portion of the financial liabilities and a smaller Universal life insurance policy to cover the person for the rest of his or her natural life.

Universal life insurance also contains an element of long - term investment strategy because it required you build the values in the investment portion through part of the amount you pay monthly.

For example, the healthy 35 - year - old man who pays $ 430 a year for a $ 500,000 term policy would pay about $ 4,400 a year for a $ 500,000 universal life policy — in part because a portion of that $ 4,400 is going into the investment component of the policy.

A universal life insurance policy will typically allow the policy holder to move funds between the insurance portion of the policy and the cash value component.

Variable Universal Life Insurance is similar but with the ability to invest the cash portion of the policy into different types of equity investments.

VIPs, earlier known as Universal Life Products (ULPs), have greater flexibility over traditional plans and as such companies used to mix even the traits of ULIPs, which invest major portion of money in capital markets.

Both whole and universal / unbundled life insurance are types of permanent life insurance and have a cash value component in which a portion of each premium payment is saved and invested on the policyholder's behalf.

In contrast, the advantage to a universal policy is that the person is covered for their lifetime and while the monthly premiums are higher than term life, a portion of the premium are being invested for them and are available in the future to cash out or borrow against.

Certain life insurance policies — such as universal life insurance — also allow policyholders to accumulate tax - deferred funds by investing the maximum allowable amount into the cash value portion of their insurance policy.

With universal life, the insurance company separates the investment and death benefit portions, socking your investment dollars into its choice of bonds, mortgages and money market funds.

Indexed universal life insurance policies give policyholders the option to allocating all or a portion of their net premiums (after paying for the insurance coverage and expenses) to a cash account.

One reason for this is because the insured on a universal life policy can, within certain guidelines, allocate the amount of his or her premium that will go towards the death benefit and the amount that will go towards the cash value portion.

The investment portion of most universal life insurance policies does behave like a mutual fund in another very important aspect.

Often, with universal life policies, the size of the premium varies based on how the investment portion of the policy is performing.

The cash portion of your indexed universal life policy is not actually invested, instead it will grow based on the performance of the index it is tied to, for example Standard & Poor's 500, Nasdaq 100, Dow Jones, etc..

Variable Universal Life provides the flexibility of universal coverage but with the ability to earn potentially higher returns due to the investment portion of thUniversal Life provides the flexibility of universal coverage but with the ability to earn potentially higher returns due to the investment portion of thuniversal coverage but with the ability to earn potentially higher returns due to the investment portion of the policy.

This is an important feature that allows the policyholder to convert a portion or all of the term insurance policy to a permanent policy such as whole life or universal life.

These universal life products are in the indexed universal life category, which allow you to allocate a portion or all of your premium payment into indexed accounts or a fixed account.

The other piece of your variable universal life insurance policy is a portion of the money you pay into the policy every month is saved or invested, meaning your policy will accrue cash value.

While your policy may guarantee a minimum rate of return ranging from 1 to 4 percent, your universal life insurance company will also invest a portion of your premiums into different investments.

Variable universal life insurance is similar to traditional universal life, except that the policyholder is allowed to invest the cash portion of their policy into different types of investments such as mutual funds.