Sentences with phrase «premiums of a universal life insurance policy»

There is a lot of flexibility in the premiums of a universal life insurance policy.

Not exact matches

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.

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.

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.

Our free universal life insurance online quote system will provide you with an instant estimate of the monthly premium cost for each policy configuration you choose.

With the universal life policy you have a minimum premium, which covers your insurance costs and administration costs of the policy, and anything you put above that minimum premium goes into a tax sheltered savings account.

Whole life and universal life policies build up cash value, consisting of the premiums you pay and the income those premiums earn, minus the cost of the insurance.

Take advantage of our universal life insurance quote calculator online to get an estimate of monthly premium cost and projected cash values for a variety of policy riders.

Policies such as variable universal life insurance combine components of the above, blending the investment flexibility of variable life with the ability to use the cash value to pay monthly premiums offered in universal life.

Universal life insurance is essentially a version of whole life insurance but with the added flexibility of using the policy's cash value to pay for premiums.

Each time you pay premiums for a cash value life insurance policy, such as a whole or universal life insurance policy, part of the premium is put towards the cash value.

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.»

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Variable Universal Life (VUL) is another permanent life insurance type that offers similar features to other universal life policies, such as flexible allocation of premium Universal Life (VUL) is another permanent life insurance type that offers similar features to other universal life policies, such as flexible allocation of premium paymeLife (VUL) is another permanent life insurance type that offers similar features to other universal life policies, such as flexible allocation of premium paymelife insurance type that offers similar features to other universal life policies, such as flexible allocation of premium universal life policies, such as flexible allocation of premium paymelife policies, such as flexible allocation of premium payments.

With an Indexed Universal Life policy you have the ability to pay more or less each month (there is a minimum to cover fees, and a maximum based on the MEC limit) but the policy has much more premium flexibility than the other types of life insurance policies in the marLife policy you have the ability to pay more or less each month (there is a minimum to cover fees, and a maximum based on the MEC limit) but the policy has much more premium flexibility than the other types of life insurance policies in the marlife insurance policies in the market.

Not only does the single premium option eliminate one of the core benefits of a universal life insurance policy — flexible payments — but you need to confirm if this policy will be a modified endowment contract.

A standard universal life insurance policy's cash value grows according to the performance of the insurer's portfolio and can be used to pay premiums.

Since the insurer guarantees a lower interest rate and offers a range of premiums, universal life insurance policies are typically less expensive than whole life insurance policies.

Since a universal life insurance policy's premiums are split between the cost of coverage and the cash value, you can choose how much you pay so long as it falls between the minimum and maximum premium amounts.

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.

Variable universal life insurance policies have the cash value structure of variable life insurance, but you can use the cash value to pay premiums.

Banner Life offers term and universal life insurance policies, with a variety of coverage options and low premiLife offers term and universal life insurance policies, with a variety of coverage options and low premilife insurance policies, with a variety of coverage options and low premiums.

Universal life insurance is a form of permanent coverage, so the policy stays in - force so long as you continue to pay premiums and it builds a cash value.

Whole life insurance policies don't offer the flexible premiums of variable universal life insurance policies.

The product is a single premium universal life insurance policy that provides death benefit protection, long - term care coverage and return of premium.

Other Universal Life plans can see costs rise throughout the duration of the policy because of possible changes in interest rates or costs of insurance, but a GUL policy will always be the same premium cost for each payment.

If you're thinking of buying a cash value life insurance policy, ask your agent or company for a sales illustration, which is a computer projection of future premiums, cash values and death benefits based on the current dividend scale (whole life) or current interest rates and current costs of insurance (universal life).

Universal Life Insurance is a flexible life insurance policy that combines the benefits of permanent life insurance protection and cash value accumulations with the convenience of adjustable premiums and payment schedules.1 And, within a Universal Life Insurance policy, cash value accumulations grow tax - deferred at competitive interest raLife Insurance is a flexible life insurance policy that combines the benefits of permanent life insurance protection and cash value accumulations with the convenience of adjustable premiums and payment schedules.1 And, within a Universal Life Insurance policy, cash value accumulations grow tax - deferred at competitive intereInsurance is a flexible life insurance policy that combines the benefits of permanent life insurance protection and cash value accumulations with the convenience of adjustable premiums and payment schedules.1 And, within a Universal Life Insurance policy, cash value accumulations grow tax - deferred at competitive interest ralife insurance policy that combines the benefits of permanent life insurance protection and cash value accumulations with the convenience of adjustable premiums and payment schedules.1 And, within a Universal Life Insurance policy, cash value accumulations grow tax - deferred at competitive intereinsurance policy that combines the benefits of permanent life insurance protection and cash value accumulations with the convenience of adjustable premiums and payment schedules.1 And, within a Universal Life Insurance policy, cash value accumulations grow tax - deferred at competitive interest ralife insurance protection and cash value accumulations with the convenience of adjustable premiums and payment schedules.1 And, within a Universal Life Insurance policy, cash value accumulations grow tax - deferred at competitive intereinsurance protection and cash value accumulations with the convenience of adjustable premiums and payment schedules.1 And, within a Universal Life Insurance policy, cash value accumulations grow tax - deferred at competitive interest raLife Insurance policy, cash value accumulations grow tax - deferred at competitive intereInsurance policy, cash value accumulations grow tax - deferred at competitive interest rates.

Universal Life Insurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the caUniversal Life Insurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash vaLife Insurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the caInsurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cauniversal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash valife insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cainsurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash value.

Adding complexity to the way universal life insurance works is the fact that this type of coverage offers flexible premiums — as in, the amount you pay into your policy can fluctuate from year to year.

IncentiveLife Legacy ® III is a flexible premium variable universal life insurance policy designed to provide cash to your beneficiaries upon your death so that they may use it to help preserve their quality of life.

This type of universal life insurance generally offers the greatest death benefits relative to premium dollars spent of cash value policies.

IncentiveLife Legacy ® III, a flexible premium variable universal life insurance policy, is issued in New York and Puerto Rico by AXA Equitable Life Insurance Company (AXA Equitable), New York, NY 10104, and in all other jurisdictions by affiliate MONY Life Insurance Company of America (MONY America), an Arizona Stock Corporation, with the main administrative office in Jersey City,life insurance policy, is issued in New York and Puerto Rico by AXA Equitable Life Insurance Company (AXA Equitable), New York, NY 10104, and in all other jurisdictions by affiliate MONY Life Insurance Company of America (MONY America), an Arizona Stock Corporation, with the main administrative office in Jersey insurance policy, is issued in New York and Puerto Rico by AXA Equitable Life Insurance Company (AXA Equitable), New York, NY 10104, and in all other jurisdictions by affiliate MONY Life Insurance Company of America (MONY America), an Arizona Stock Corporation, with the main administrative office in Jersey City,Life Insurance Company (AXA Equitable), New York, NY 10104, and in all other jurisdictions by affiliate MONY Life Insurance Company of America (MONY America), an Arizona Stock Corporation, with the main administrative office in Jersey Insurance Company (AXA Equitable), New York, NY 10104, and in all other jurisdictions by affiliate MONY Life Insurance Company of America (MONY America), an Arizona Stock Corporation, with the main administrative office in Jersey City,Life Insurance Company of America (MONY America), an Arizona Stock Corporation, with the main administrative office in Jersey Insurance Company of America (MONY America), an Arizona Stock Corporation, with the main administrative office in Jersey City, NJ.

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.

Typically, a universal life insurance policy holder may adjust — within certain limits — the death benefit amount, as well as the timing and the amount of their premium.

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).

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.

You can vary the amount of your premium with universal life insurance policies by using part of your accumulated earnings to cover part of the premium cost.

Some carriers offer guaranteed universal life insurance options and adjust the amount of the premium higher while making the policy amount lower, so that in addition to offering a guaranteed death benefit, the policy almost immediately begins to generate a larger cash value.

As with a regular universal life insurance policy, the premium payments may be varied with this type of coverage.

While this can be done with term life insurance policies, this feature is, along with the premium flexibility, one of the main selling points of a universal policy.

A flexible - premium universal life insurance policy that provides for potential cash value growth through an interest crediting linked to major market indexes, so you can participate in the upside potential of the equities markets with built - in guaranteed downside protection.

A variable universal life insurance policy takes the best (or worst, depending on how you look at it) of the other two policies: you can adjust the premium and death benefit amount while investing the cash value in the policy's sub-accounts.

The cash value of variable insurance isn't guaranteed if your investments underperform, and the cash value of a universal life policy is protected from risk but can be depleted if it's accessed to pay the policy premiums (explained below); neither offers dividends.

A universal life insurance policy has flexible premiums, due to the fact that premiums are paid into a cash account that pays a higher rate of interest.

A flexible - premium, cost effective universal life insurance policy offering both the opportunity for lifetime insurance protection and the potential accumulation of cash value through allocation to a Select Account and / or a Guaranteed Interest Account.

Like universal life insurance, you can adjust the premium and death benefit of your policy.

Many people opt for a guaranteed universal life insurance policy because of the low premiums and high death benefit.

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.

In many ways, indexed universal life insurance works in a similar fashion as most other types of coverage in that the policy holder pays their premium, and the net premium is then applied to the actual life insurance death benefit.