Sentences with phrase «premium life insurance policies allow»

Return of premium life insurance policies allow you to recoup some of the money you've paid over time for your coverage.

Return of premium life insurance policies allow you to recoup some of the money you've paid over time for your coverage.

A return of premium life insurance policy allows you to recoup some or even all of the premiums you paid into your policy if you outlive your policy's term.

Not exact matches

Anyone holding a leverage life insurance annuity, or a 10/8 arrangements (another leverage insurance product) will now be subject to accrual - based taxation and no deduction will be allowed for any portion of the insurance premium paid on the policy.

Variable and universal life insurance policies are often favored because they allow you to use the policy's cash value to pay premiums.

Variable and universal life insurance policies are often favored because they allow you to use the policy's cash value to pay premiums.

This structure of a whole life policy will allow the majority of your premium to go toward the cash value savings, while very little goes toward agent commissions and the cost of insurance.

Paying the max life insurance premium allowed in the first few years of a policy will really tilt the policy in your favor for the life of the product.

Flex Pay PUA Rider — Paid - up additions riders allow you to pay additional premium into your policy to purchase additional participating whole life insurance, which increases your death benefit and cash value.

Value Enhancement Rider: The VER is a whole life insurance rider that allows you to add additional single or periodic premium payments to your policy to purchase paid up additions, increasing your death benefit and cash value.

When the insured is age 70 — or at the end of the guaranteed period of level - premium — whichever occurs first, the insured is allowed to convert the level term life insurance policy over into a whole life insurance or a universal life insurance plan.

This option not only allows two individuals to be insured on the same whole life insurance policy, but it also typically has a lower amount of overall premium cost than will purchasing two separate life insurance policies of corresponding value.

There are also single premium variable universal life insurance policies which allow you to purchase coverage and fund the policy's cash value with a single payment.

Security of fixed premiums and payout Whole life insurance may allow you to build cash value inside the policy while safeguarding your family, should anything happen to you.

But you also have the flexibility of making the annual premium, allowing your dividend to purchase more paid - up life insurance, further enhancing your policy's compound growth potentialities.

The Additional Life Insurance Rider (ALIR) allows the owner of the policy to make increased premium payments in order to purchase additional participating paid up life insurance, increasing the policy's death benefit and cash value groLife Insurance Rider (ALIR) allows the owner of the policy to make increased premium payments in order to purchase additional participating paid up life insurance, increasing the policy's death benefit and cash valuInsurance Rider (ALIR) allows the owner of the policy to make increased premium payments in order to purchase additional participating paid up life insurance, increasing the policy's death benefit and cash value grolife insurance, increasing the policy's death benefit and cash valuinsurance, increasing the policy's death benefit and cash value growth.

You are allowed to continually add to your policy in addition to your normal premium through vehicles known as life insurance supplement riders, additional life insurance riders, or paid up additions.

The good news about that is, you purchase it once, and then you're done, provided you make the payments, and some limited pay whole life insurance policies allow you to make premium payments for a number of years and then stop.

Universal life insurance is designed to offer many of the same benefits as traditional permanent * life insurance policies such as whole life, but offers more flexibility that allows you to adjust your premiums and coverage as your needs change.

For example, universal life and variable universal life insurance policies allow policy owners to adjust premiums and death benefits to suit their financial needs.

Some whole life insurance policies have various premium payment durations, allowing you to pay them off in as little as 10 or 20 years.

Universal life insurance policies offer flexible premiums that may allow you to adjust how much you'll pay each year by accessing some of the policy's cash value (though you will need to pay the minimum premium amount or the policy will lapse).

A disability waiver of premium rider allows you to keep your life insurance policy without worrying about how you're going to pay for it while you're out of work.

Guaranteed universal life insurance is an attractive option for many that bridges that gap of financial insecurity, allowing policy holders to lock in a guaranteed death benefit and premium payments while providing flexibility and stability for households.

Additional Paid Up Insurance (API) Rider: allows you to add additional premium payments to your policy to purchase «paid - up» life insurance, increasing your death benefit and caInsurance (API) Rider: allows you to add additional premium payments to your policy to purchase «paid - up» life insurance, increasing your death benefit and cainsurance, increasing your death benefit and cash value.

Paid - up life insurance is an option that allows you to keep a whole life insurance policy in force without paying any premiums for a while, or permanently.

Hybrid life insurance policies are usually funded with a one - time single premium, but some do allow for payments over a set number of years — say $ 10,000 for ten years.

With whole life insurance, your monthly premiums may be higher, but they are locked in and build cash value, allowing you to borrow from the policy while you're still living.

Variable Universal Life insurance is a flexible premium, permanent life insurance policy that allows you to have premium dollars allocated to a variety of investment options, offering varying degrees of risk and rewLife insurance is a flexible premium, permanent life insurance policy that allows you to have premium dollars allocated to a variety of investment options, offering varying degrees of risk and rewlife insurance policy that allows you to have premium dollars allocated to a variety of investment options, offering varying degrees of risk and reward.

As the name implies return of premium life insurance allows policyholders to receive back all of the premiums he or she has paid on the policy.

Adjustable Life Insurance: A form of life insurance which allows the policy owner to change various benefits of the policy including the face amount, the premium amount, the length of coverage and the length of the premium payment perLife Insurance: A form of life insurance which allows the policy owner to change various benefits of the policy including the face amount, the premium amount, the length of coverage and the length of the premium paymenInsurance: A form of life insurance which allows the policy owner to change various benefits of the policy including the face amount, the premium amount, the length of coverage and the length of the premium payment perlife insurance which allows the policy owner to change various benefits of the policy including the face amount, the premium amount, the length of coverage and the length of the premium paymeninsurance which allows the policy owner to change various benefits of the policy including the face amount, the premium amount, the length of coverage and the length of the premium payment period.

A universal life insurance policy, also known as a permanent policy, is a flexible type of life insurance that allows the policyholder to adjust the premium and amount of coverage.

Variable Universal Life insurance is a flexible premium, permanent life insurance policy that allows you to have premium dollars allocated to a variety of investment options, offering varying degrees of risk and rewLife insurance is a flexible premium, permanent life insurance policy that allows you to have premium dollars allocated to a variety of investment options, offering varying degrees of risk and rewlife insurance policy that allows you to have premium dollars allocated to a variety of investment options, offering varying degrees of risk and reward.

The best thing about RiverSource's universal life insurance policies are the flexible options that allow you to change premium payments and adjust your death benefit.

Avoid Modified Endowment Status: If the subsequent premiums paid into the new policy, other than the exchange proceeds, are within the new 7 - pay limit, then a 1035 Exchange of a life insurance policy allows the policy owner to place the original contract's entire value in the new policy without creating a modified endowment contract, or MEC.

Some life insurance policies may allow policyholders to pay their insurance premiums on a biweekly, semiannual or annual basis.

Universal life insurance is a flexible permanent coverage option that allows premium payments to increase or decrease, assuming you have enough cash value in your policy to meet your monthly premium charge.

Thus, Universal Life Insurance allows you to vary your policy premium payments.

It allows you to set up the trust so you can determine how premiums are paid and how the trust later disperses the life insurance proceeds, but once the policy is assigned to the trust, you have no further control.

The VantisTerm Life Insurance policy allows you to lock in your premium rate with a level term policy that is guaranteed for a certain number of years, such as 10, 15, 20, 25, or even for 30 years.

Sagicor's fixed indexed single premium whole life insurance policy can allow the policyholder to reposition certain low - interest producing assets such as CD's (certificates of deposit), or money markets — and possibly even a fixed annuity — and obtain the opportunity to earn a higher return on the cash value in the policy.

Term life insurance can be contrasted to permanent life insurance such as whole life, universal life, and variable universal life, which guarantee coverage at fixed premiums for the lifetime of the covered individual unless the policy is allowed to lapse.

To get the maximum benefit, when you purchase a universal life insurance policy, you should pay higher premiums while young; that way the money can gain interest and which may allow your payments to go down as you get older.

It is also worth pointing out that if your general state of health is good enough to allow you to qualify for a no medical exam type of policy, you may actually get a better policy with better premiums by applying for a life insurance policy that is underwritten in the traditional manner.

Variable Universal Life Insurance (VUL) is a permanent type of Life Insurance combining the essential features of Variable Life Insurance and Universal Life Insurance, thus allowing the policyholder to allocate premiums to different investment options, to build up cash value and to determine when and how much you invest in your policy.

Waiver of Premium is an additional provision (sometimes also called a rider) in most Life Insurance policies which allows to stop paying premiums after the insured person has been disabled for a given period of time (usually six months) due to an illness or an injury.

Return of Premium (ROP)-- is a type of term life insurance policy that allows for the refund of every premium paid at the end of the term period.

Return of Premium Term Insurance (ROP Insurance) is a type of Term Life Insurance which allows the policyholder to receive a guaranteed return of premiums paid if you keep the policy for the term period.

A disability waiver of premium rider allows you to keep your life insurance policy without worrying about how you're going to pay for it while you're out of work.

(vii) You understand agree that (section 41 of Insurance Act): a) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a Policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the Insurance Act): a) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a Policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a Policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the inspolicy, nor shall any person taking out or renewing or continuing a Policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insPolicy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurers.