Sentences with phrase «portion of your universal life insurance policy»

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.»

Someone can also use the proceeds from the savings portion of his or her universal life insurance policy while still alive to handle estate issues.

The company would convert all or a portion of your face amount into permanent coverage, typically into one of the company's universal life insurance policies or cash value whole life insurance.

You Can Accumulate Cash With insurance, you also have the possibility of allocating a portion of your premiums to a cash accumulation vehicle, an option usually available under universal life insurance policies.

For example, a universal life insurance policy offers flexibility in how you use the investment portion of your policy.