Sentences with phrase «primary value of any life insurance policy»

Not exact matches

These policies all generally have a cash value component, which is essentially the surrender value of the policy (if you give it up before its maturity or your death), and is the primary reason permanent life insurance policies are more expensive than term policies.

However, given the complexity of the policy, the additional costs correlated with permanent life insurance policies, and the potential to lose the entirety of the account's cash value, it's not recommended if your primary intent is to provide financial coverage in the case of your death.

The primary value in our estimation of SBLI's term life insurance is that you can convert the policy to SBLI's whole life insurance.

The primary differences between the two policies are the cost, the duration of coverage, and that whole life insurance includes a cash value component.

While the primary purpose of life insurance is to provide a death benefit to those you leave behind, some life insurance policies have a cash - out value as well.

As with most IUL policies, the primary benefit of IUL insurance is the early cash value growth, and the Accumulation IUL ranks as one of the best in class, competing with only Pacific Life and Lincoln National in terms of overall performance.

These policies all generally have a cash value component, which is essentially the surrender value of the policy (if you give it up before its maturity or your death), and is the primary reason permanent life insurance policies are more expensive than term policies.

However, given the complexity of the policy, the additional costs correlated with permanent life insurance policies, and the potential to lose the entirety of the account's cash value, it's not recommended if your primary intent is to provide financial coverage in the case of your death.

However, given the complexity of the policy, the additional costs correlated with permanent life insurance policies, and the potential to lose the entirety of the account's cash value, it's not recommended if your primary intent is to provide financial coverage in the case of your death.

These policies all generally have a cash value component, which is essentially the surrender value of the policy (if you give it up before its maturity or your death), and is the primary reason permanent life insurance policies are more expensive than term policies.

Permanent, participating life - insurance policies like Adjustable Complife can accumulate a cash value; however, the primary purpose of life insurance is to pay the death benefit if the insured dies.

The primary differences are that the cash value for whole life insurance policies grows at a guaranteed interest rate and premiums are level for the life of the policy.

When looking at the two primary categories of life insurance — term and permanent — permanent policies build cash value and term policies do not.

The primary unique feature of term insurance is that unlike other kinds of life insurance policies, a term insurance policy is less expensive since it does not have maturity value.

Upon the death of the primary insured, term life insurance pays the face value of the policy to the named beneficiary.

The primary benefits of whole life insurance over term life coverage are that the policy does not expire and it carries a cash value separate from the face value.

The primary disadvantages of whole life are premium inflexibility, the internal rate of return in the policy may not be competitive with other savings alternatives, and the cash values are generally kept by the insurance company at the time of death.

Some types of permanent life insurance have the potential to earn money in addition to the face value, but the savings tool built into such policies should be regarded as a tool, not as a primary savings vehicle.