Sentences with phrase «premium outlay»
The phrase "premium outlay" refers to the amount of money that needs to be paid upfront in order to obtain a higher-quality or more expensive item or service. Full definition
This method permits a financially able person (say, a favored employee) to obtain substantial amounts of needed life insurance with a very low premium outlay on his or her part.
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Using the existing cash value, you may even be able to fully fund the new policy without any additional premium outlay on your part.
A relatively conservative trader may opt for a narrow spread where the call strike prices are not very far apart, as this will have the effect of minimizing the net premium outlay while also restricting gains on the trade to a small amount.
While some of the pricing factors on a term life insurance policy may be beyond your control, there are others that you will be able to have a say in — and for those, it will be important to work with a company that can help you in locating the policy and the insurance carrier that will be able to provide you with the best insurance protection for the most affordable premium outlay.
The total premium outlay for a more expensive permanent policy may be less than the ongoing premiums that could last for years longer with a less expensive term policy.
In fact, if the life insurance company performed well enough, your dividend may have been be used to keep your policy in force for a very long period of time without any additional premium outlay on your part.
It states: «Guaranteed death benefits and values available upon surrender, if any, for the illustrated premium outlay or contract premium shall be shown and clearly labeled guaranteed... The guaranteed elements, if any, shall be shown before corresponding non-guaranteed elements and shall be specifically referred to on any page of an illustration that shows or describes only the non-guaranteed elements.»
Because of this real security concept, term life insurance can offer a very affordable way to obtain coverage without a significant premium outlay.
Because the face amount of coverage on a final expense insurance policy is usually in the range of $ 5,000 to $ 25,000, these policies are often low cost in terms of premium outlay.
Term life insurance can provide an excellent opportunity to obtain a large amount of death benefit protection for very little premium outlay — especially for those who are young and in good health.
As the family breadwinner moves into his or her higher earning years and can afford the higher premium outlay, it is often advisable to convert to ordinary whole life insurance.
A. Term insurance allows a person to acquire the greatest death benefit for the lowest premium outlay when the policy is first issued.
In general, the amount of dividends insurers pay on a policy increases over time, ever reducing the policyowner's net premium outlay (premiums less dividend payments), sometimes to zero or less after the policy has been in force for a long period of time.
While some of the pricing factors on a term life insurance policy may be beyond your control, there are others that you will be able to have a say in — and for those, it will be important to work with a company that can help you in locating the policy and the insurance carrier that will be able to provide you with the best insurance protection for the most affordable premium outlay.
Most whole life policies can be surrendered at any time for the cash value amount, and income taxes will usually only be placed on the gains of the cash account that exceeds the total premium outlay.
Because of this, term life insurance can provide policyholders with a very affordable and cost effective way to purchase a large amount of death benefit for a low premium outlay.
They allow you to insure that you will not run out of money later in life, while keeping your premium outlay to a minimum.
It makes sense that it took a while to make interest here, but now that he has funded it for several years, I believe we'll start to see his accumulation value catch up to and surpass his premium outlay.
The insured may be able to deduct their premium outlays as well.
It is important to consider the premium outlay but there are other factors that can affect your policy that many people don't think about.
Whole Life Insurance This policy may be good for you if the premium outlay is not a big concern to you.
Upon conversion your premium outlay will be more than the amount you had been paying for the term policy.
You may choose to take your dividend in cash, use it to purchase paid up additions, allow it to remain with the company and accumulate interest or use it to reduce your premium outlay.
Term insurance, especially at the younger ages, provides the greatest possible coverage for the lowest premium outlay.
I won't say that leaving $ 25,000 or $ 50,000 to be divided up isn't meaningful, but when you can take an exam and get a traditional life insurance policy with a higher death benefit without increasing your premium outlay, why not?
Because of this, term life insurance can provide policyholders with a very affordable and cost effective way to purchase a large amount of death benefit for a low premium outlay.