Sentences with phrase «premium ordinary life insurance»

AL combines elements of traditional, fixed - premium ordinary life insurance and the ability — within limits — to alter the policy plan, premium payments, and the face amount.

The vanishing premium ordinary life insurance policy is reborn.

Not exact matches

Ordinary level premium whole life insurance has level premium payments for the duration of the policy, typically until age 100.

Whole Life Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawLife Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and witInsurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawlife insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and witinsurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawlife insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and witinsurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawals.

The policy is ordinary life insurance offering level premium payments until age 100.

The taxable ordinary income to the employee is the premium cost of one - year term insurance on the life of the employee minus that portion of the premium paid by the employee.

The difference between term life insurance with the return of premium rider and your ordinary 30 year level term policy is that 30 years down the line, if he's still alive John gets back $ 49,536!

Level Premium Whole Life Insurance (sometimes referred to as «ordinary whole life») provides a lifetime death benefit and level premiums for the life of the policy (until the death of the insurLife Insurance (sometimes referred to as «ordinary whole life») provides a lifetime death benefit and level premiums for the life of the policy (until the death of the insurlife») provides a lifetime death benefit and level premiums for the life of the policy (until the death of the insurlife of the policy (until the death of the insured).

Ordinary life insurance: A life insurance policy that remains in force for the insured's lifetime, usually for a level premium.

Whole life insurance, or whole of life assurance (in the Commonwealth of Nations), sometimes called «straight life» or «ordinary life,» is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date.

Premiums for these policies are higher than for ordinary life insurance since the premium payments are squeezed into a shorter period.

The most common type is called «straight life» or «ordinary life» insurance, for which you pay the same premiums for as long as you live.

Level premium whole life insurance (sometimes called ordinary whole life, though this term is also sometimes used more broadly) provides lifetime death benefit coverage for a level premium.

It is important to note that ordinary life premiums can be much higher than term life insurance premiums, but they are smaller than the premiums you'd eventually pay if you kept renewing term policies in your later years.

Lifetime guaranteed term insurance, also known as guaranteed universal life, differs from ordinary level term life in that premiums are guaranteed not to increase.

While ordinary life insurance policies, also called whole life, may be too expensive for many younger people, term life insurance offers people the ability to take care of their families for a very low, affordable monthly premium.

Longevity annuities are like «reverse life insurance», meaning premium dollars are collected by the life insurance company by its policy holders to pay income when a policy holder lives a long life, instead of collecting premium dollars and paying a death claim on a policy holder's short life in ordinary life insurance.

Just as we see with ordinary whole life insurance policies, the death benefit is guaranteed as long as the premiums are paid.

Premiums also tend to be anywhere from five to 20 times the cost of an ordinary life insurance policy.

The difference between term life insurance with the return of premium rider and your ordinary 30 year level term policy, however, is that 30 years down the line, if there's been no death, John gets back $ 49,536!!

An indeterminate premium whole life policy is similar to ordinary whole life plan of insurance except that it provides for adjustable premiums.

As noted earlier, when a life insurance policy is surrendered in full, the gains on the policy are taxable (as ordinary income) to the extent that the cash value exceeds the net premiums (i.e., the cost basis) of the policy.

Because medical condition is not a factor, the premium rate per thousand dollars of coverage will be higher than it is for ordinary life insurance.

Ordinary Revival - under this revival policy the insurance holder can revive his / her lapsed life insurance policy by paying all the unpaid premiums including the interests at one go.

Ordinary level premium whole life insurance has level premium payments for the duration of the policy, typically until age 100.

Reason No. 1: Adjustable life is indicated whenever insureds need or desire greater flexibility over time in life insurance coverage, need or want guaranteed protection, and prefer the forced savings feature of ordinary level premium whole life insurance.

Return - of - premium life insurance is like an ordinary life insurance policy, but payments made on premiums are returned to the insured individual if the policy ends and they are still alive.

In contrast with ordinary level premium, level death benefit policies and similar to universal life, adjustable life insurance gives the policyowner the flexibility to change the plan of insurance.

When the need is long - term but cash flow is currently insufficient to buy the needed coverage using higher premium ordinary whole life — Parents in younger families often have major long - term support obligations for their young children and spouses, have committed expenses that already strain the family's budget and, therefore, simply can not afford the premiums necessary to buy the amount of coverage they need to protect their families using ordinary whole life insurance.

In addition to the bundled nature of its policy elements, adjustable life has all the usual features of ordinary level premium whole life insurance including:

There are many types of whole life policies, but the oldest and still the most common type of whole life policy is ordinary level premium whole life insurance, or simply ordinary life.

One can view ordinary level premium whole life mathematically (but not legally) as a combination of decreasing term insurance and increasing «savings fund.»

With ordinary life insurance, those with poor health may struggle to receive coverage or the premiums will be extortionate.

Most ordinary level premium life insurance policies have no explicit surrender charges.

However, because the level of dividend payments on participating ordinary level premium life insurance is a critical element of the overall cost of the protection, one primary area of focus should be how the company determines the dividends it pays.