Sentences with phrase «premium life insurance policy premium»

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.

Indeed, premiums for life insurance coverage vary widely depending upon the type of policy you own.

For retirees who are still paying off large loans (think failed business ventures or real estate deals), a guaranteed level - premium term life policy is ideal, said Scott Simmonds, a fee - only insurance consultant in Saco, Maine.

«When I sit down with new retirees, we look at whether they need life insurance at all and how much their policy costs,» he said, explaining that many people don't understand that their premiums may rise.

Another thing you are paying a higher premium for when you buy a traditional whole life insurance policy is consistency.

The downside to paid - up whole life insurance policies is that each premium payment is also deducted from the policy's death benefit.

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

Buying paid - up additions is similar to buying a small single - premium life insurance policy as you increase the policy's cash value and death benefit but don't have ongoing payments.

As with other whole life insurance policies, guaranteed issue policies will build a cash value over time and coverage lasts as long as you continue to pay the premiums.

Cash value life insurance policies are typically permanent, meaning you have coverage for the entirety of your life so long as premiums are paid.

This means that you can purchase a significant amount of accidental death insurance for a much lower premium than you would pay for a traditional life insurance policy.

Term life insurance policies are quite cheap and can come with a variety of riders offering such assistance as disability income, waiver of premiums, and an accelerated death benefit in the case you become permanently disabled.

A universal life insurance policy offers permanent life insurance with flexible premiums.

For some permanent life insurance policies, you're also able to pay premiums using the policy's cash value.

Permanent life insurance refers to a set of life insurance policies that provide coverage for your entire lifespan, so long as premiums are paid.

Universal life insurance policies are the only permanent policies that have «flexible premiums», meaning you can use the policy's cash value to make payments.

Each time you make a permanent life insurance premium payment, a portion of the money goes into a cash value account, and this account grows at a rate specified by the policy.

Permanent insurance, which includes whole life and universal insurance policies, is for life: It provides a death benefit for as long as you pay the premium, but also may include cash value that can be accessed during the insured person's lifetime.1

The premiums of a term life insurance policy remains fixed for the length of its term, after which it will increase by a pre-specified amount.

When comparing two separate term life insurance policies, you may notice that — even with the same exact coverage amounts of each of the policies — the amount of premium that is charged to the policyholder could be quite a bit different.

Although this clause is not automatically included in most modern life insurance policies, you may have to pay a higher premium if you fall into certain high - risk categories.

If you die during the grace period, your beneficiary will receive the full value of the death proceeds of your life insurance policy minus any premium that is owed to your life insurance company.

This clause provides that if the policyholder fails to pay the premiums on a life insurance policy, the insurance company may automatically use the accumulated cash value to pay the premiums.

Cash value life insurance can range from a traditional level premium whole life policy to a single premium whole life policy to a universal life policy to a variable life insurance policy or a variable universal life policy.

Dividends on a life insurance policy are generally treated as a return of investment and are not treated as taxable income to the policyowner unless they exceed the amount of the aggregate gross premiums paid on the policy.

Compared to term life insurance, GUL policies have a higher premium because they cover a longer period of time.

Like Life Insurance policy, a health insurance policy is a legal contract between insurer and insured; in which insured pays premiums and in returns, insurer agrees to pay for medical expenses for a specified limit or sumInsurance policy, a health insurance policy is a legal contract between insurer and insured; in which insured pays premiums and in returns, insurer agrees to pay for medical expenses for a specified limit or suminsurance policy is a legal contract between insurer and insured; in which insured pays premiums and in returns, insurer agrees to pay for medical expenses for a specified limit or sum insured.

Guaranteed Acceptance Life Insurance (GALI)(Policy Form NY - GIWL2112PMM) is a level premium, non-participating permanent life insurance policy and is issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111 - 0001, in New YLife Insurance (GALI)(Policy Form NY - GIWL2112PMM) is a level premium, non-participating permanent life insurance policy and is issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111 - 0001, in Insurance (GALI)(Policy Form NY - GIWL2112PMM) is a level premium, non-participating permanent life insurance policy and is issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111 - 0001, in NewPolicy Form NY - GIWL2112PMM) is a level premium, non-participating permanent life insurance policy and is issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111 - 0001, in New Ylife insurance policy and is issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111 - 0001, in insurance policy and is issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111 - 0001, in Newpolicy and is issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111 - 0001, in New YLife Insurance Company (MassMutual), Springfield, MA 01111 - 0001, in Insurance Company (MassMutual), Springfield, MA 01111 - 0001, in New York.

The cash value of a universal life insurance policy accumulates based on the amount of premium paid, monthly deductions for policy costs and an interest rate that is declared by the insurance company.

With term and permanent life insurance, you make premium payments so that in the event of your passing, your loved ones and beneficiaries will receive the death benefit proceeds from the policy.

Universal life insurance is a flexible type of permanent life insurance policy in which the death benefit and premiums can be adjusted as your circumstances change.

You wouldn't owe any taxes if the life insurance policy's cash surrender value was less than the amount you had already paid in premiums.

A portion of your premium pays for life insurance coverage equal to the face value of the policy.

If you have an individual policy, life insurance premiums are not tax deductible.

If a partial benefit payment is claimed, the life insurance policy can continue with a reduced death benefit and lower premiums.

Return of premium term life insurance (ROP) is a term insurance policy where the insurance carrier will return to you all the premiums you have paid, if you outlive your policy's term length.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

Permanent life insurance covers you for your entire life so long as you continue to pay the premiums, and is a category that encompasses several distinct policies.

As with all life insurance policies, you pay premiums on your policy every year.

The two primary categories of life insurance policy are term and permanent, with term policies only offering coverage for a fixed period of time, while permanent policies last so long as you continue to pay the premiums.

A study published in the International Journal of Obesity showed that nearly half of people diagnosed as obese using BMI measurements are actually healthy, leading some to believe that there is no value of a BMI measurement at all, except for life insurance policies to increase premiums.

Add to that 34 vacation days, 30 days of paid consulting time (which come out of her vacation or personal days), and perks like a car and premiums toward a $ 1 million life insurance policy.»

A life insurance policy is cover that a person takes out, keeps up with the monthly premiums and in turn the insurer undertakes to pay their dependents / beneficiaries out upon their death.

One great benefit of the Penn Mutual Guaranteed Choice Whole Life insurance policy is that you can choose how long you pay premiums.

At certain points during the period of coverage, you can convert your term policy to a permanent life insurance policy (such as a whole life insurance policy or universal life insurance policy) and premiums are determined by your original health rating.

It is highly beneficial to continue paying life insurance premiums even if the insurance policy no longer requires it or it may be paid from the cash value.

(a) The premium for a whole life insurance policy is generally much higher than that of a term life insurance policy.

If you have a cash value policy and can no longer afford to pay the contract's premiums but still need insurance, for example, your carrier may be able to continue insuring your life by using your policy's cash value to buy term life insurance.

The property settlement agreement should specify the policy death benefit amount, the type of life insurance policy, what the policy is intended to secure, and who make the premium payments.

The Penn Mutual Guaranteed Choice Whole Life insurance policy is a participating whole life insurance policy designed to provide three guaranteed items: death benefit, cash value accumulation, and fixed premiLife insurance policy is a participating whole life insurance policy designed to provide three guaranteed items: death benefit, cash value accumulation, and fixed premilife insurance policy designed to provide three guaranteed items: death benefit, cash value accumulation, and fixed premiums.