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

The strategy initially involves the purchase of a universal life insurance policy during your income earning years.

The strategy initially involves the purchase of a universal life insurance policy during your income earning years.

Not exact matches

Before purchasing a variable universal life insurance policy, you should carefully consider the investment objectives, risks, charges, and expenses of the policy and its underlying investment choices.

If you're considering permanent life insurance, but are wary of the complexity of the policy and not interested in the cash value or investment benefits, guaranteed universal life insurance is a less expensive way to purchase nearly - lifelong coverage.

If you're considering permanent life insurance, but are wary of the complexity of the policy and not interested in the cash value or investment benefits, guaranteed universal life insurance is a less expensive way to purchase nearly - lifelong coverage.

Two types of universal life insurance: The «Single - Premium» universal life policy can be purchased with a single lump - sum payment.

Optional riders that customize a policy to fit individual needs usually carry an additional charge and are only available through the purchase of variable universal life insurance products.

At the end of the term, you will have the opportunity to purchase another term, or even it to convert your policy to a permanent insurance policy such as whole life, universal life or variable life.

With the purchase of a permanent life insurance policy, usually a guaranteed universal life, the couple has the benefits of this policy.

As an example of the above, let's assume that you are 40 years old and decide to purchase an indexed universal life insurance policy for supplemental income purposes.

A potential client called recently asking if he could purchase a guaranteed universal life insurance policy with $ 100,000 face value at the age of 75.

But since the costs of insurance and rate of interest the cash value may earn are both variable, universal life is usually purchased and premiums are determined by «illustrating» these variables to see how the policy will perform.

You are getting the entire one million of life insurance you need and also able to purchase the indexed universal life policy.

Or alternatively, if he is a healthy non smoker, he could purchase a guaranteed universal life insurance policy with a $ 350,000 death benefit for as little as $ 3,708 per year, which would generate an tax free, cash benefit of $ 350,000 upon his death.

If you are thinking about purchasing Universal Life Insurance, you should know that there are many financial expenses associated with this type of Life Insurance policies which result in deductions from your premiums.

In 2010, direct purchases of permanent life insurance (whole life, universal life, variable life, and variable universal life) represented over 61 % of life insurance policies issued.

As a general rule, guaranteed survivorship universal life insurance is the absolute best type of second - to - die policy to purchase.

Types of Life Insurance When you get ready to purchase life insurance, among the options that you will have are the various types of policies, such as term, whole, and universal lLife Insurance When you get ready to purchase life insurance, among the options that you will have are the various types of policies, such as term, whole, and univerInsurance When you get ready to purchase life insurance, among the options that you will have are the various types of policies, such as term, whole, and universal llife insurance, among the options that you will have are the various types of policies, such as term, whole, and univerinsurance, among the options that you will have are the various types of policies, such as term, whole, and universal lifelife.

Before purchasing a variable universal life insurance policy, you should carefully consider the investment objectives, risks, charges, and expenses of the policy and its underlying investment choices.

Optional riders that customize a policy to fit individual needs usually carry an additional charge and are only available through the purchase of a variable universal life insurance product.

If you're considering permanent life insurance, but are wary of the complexity of the policy and not interested in the cash value or investment benefits, guaranteed universal life insurance is a less expensive way to purchase nearly - lifelong coverage.

Voya Indexed Universal Life - Protector (Voya IUL - Protector) is a flexible premium adjustable universal life insurance policy that offers a death benefit to the beneficiaries of the policy and may be purchased to meet life insuranUniversal Life - Protector (Voya IUL - Protector) is a flexible premium adjustable universal life insurance policy that offers a death benefit to the beneficiaries of the policy and may be purchased to meet life insurance neLife - Protector (Voya IUL - Protector) is a flexible premium adjustable universal life insurance policy that offers a death benefit to the beneficiaries of the policy and may be purchased to meet life insuranuniversal life insurance policy that offers a death benefit to the beneficiaries of the policy and may be purchased to meet life insurance nelife insurance policy that offers a death benefit to the beneficiaries of the policy and may be purchased to meet life insurance nelife insurance needs.

The cash value inside an universal life insurance policy can be tied to a money market account, a major stock index, or be invested into equity funds and bond funds depending on the type of universal life product you purchase.

Voya Indexed Universal Life - Accumulator (Voya IUL - Accumulator) is a flexible premium adjustable universal life insurance policy that offers a death benefit to the beneficiaries of the policy and may be purchased to meet your life insuranUniversal Life - Accumulator (Voya IUL - Accumulator) is a flexible premium adjustable universal life insurance policy that offers a death benefit to the beneficiaries of the policy and may be purchased to meet your life insurance neLife - Accumulator (Voya IUL - Accumulator) is a flexible premium adjustable universal life insurance policy that offers a death benefit to the beneficiaries of the policy and may be purchased to meet your life insuranuniversal life insurance policy that offers a death benefit to the beneficiaries of the policy and may be purchased to meet your life insurance nelife insurance policy that offers a death benefit to the beneficiaries of the policy and may be purchased to meet your life insurance nelife insurance needs.

Voya Indexed Universal Life — Protector NY (Voya IUL - Protector NY) is a flexible premium adjustable universal life insurance policy that offers a death benefit to the beneficiaries of the policy and may be purchased to meet life insuranUniversal Life — Protector NY (Voya IUL - Protector NY) is a flexible premium adjustable universal life insurance policy that offers a death benefit to the beneficiaries of the policy and may be purchased to meet life insurance neLife — Protector NY (Voya IUL - Protector NY) is a flexible premium adjustable universal life insurance policy that offers a death benefit to the beneficiaries of the policy and may be purchased to meet life insuranuniversal life insurance policy that offers a death benefit to the beneficiaries of the policy and may be purchased to meet life insurance nelife insurance policy that offers a death benefit to the beneficiaries of the policy and may be purchased to meet life insurance nelife insurance needs.

Most of these policies are not «set and forget» policies, depending on the type of universal life insurance you purchase.

Does an insurance broker receive a salary?That's a dirty little secret the insurance industry does not want you to know, for fear it could kill the sale.If the public knew that general agent gets 120 percent or which I get 85 percent associated with first - year premium, that could be an eye - opener,» admits one life agent, who spoke on condition of anonymity.For example, why don't we say you purchased an entire, universal, variable life or term life policy from Ann and paid $ 1,000 in premiums the initial year.

Indexed universal life insurance provides a number of advantages and disadvantages to consider before purchasing a policy.

Purchase a $ 1 million dollar guaranteed universal life insurance policy with a single premium of $ 133,114.

Two types of universal life insurance: The «Single - Premium» universal life policy can be purchased with a single lump - sum payment.

Most of the policies being purchased are «whole» or «universal» life insurance policies that combine a death benefit with an investment vehicle.

Some universal life policies perform like term life insurance: They can be configured at the time of purchase to provide both level death benefits and level premiums that are guaranteed for life as long as you pay the scheduled premium.

Optional riders that customize a policy to fit individual needs usually carry an additional charge and are only available through the purchase of variable universal life insurance products.

The two main reasons you might not want to change policies are surrender charges (only in permanent plans such as whole life or universal life), and your new policy will likely contain a new two year contestable period, which means the company could potentially weasel out of paying the life insurance proceeds upon your death if you die within 2 years of purchasing the policy and they find that you answered questions fraudulently on your application.

The benefit of an adjustable or universal life insurance policy is that the policy gives you the most amount of control out of any life insurance policy you can purchase.

You can even purchase a traditional universal life insurance policy which is another form of permanent life insurance so it does offer permanent coverage.

The RBC Insurance Foundational Life product offers an economical option for purchasing permanent life insurance protection in a variety of amounts that are lower than most traditional universal life insurance Insurance Foundational Life product offers an economical option for purchasing permanent life insurance protection in a variety of amounts that are lower than most traditional universal life insurance policLife product offers an economical option for purchasing permanent life insurance protection in a variety of amounts that are lower than most traditional universal life insurance policlife insurance protection in a variety of amounts that are lower than most traditional universal life insurance insurance protection in a variety of amounts that are lower than most traditional universal life insurance policlife insurance insurance policies.

Variable Universal Life A variable universal life policy is a type of contract you would purchase through a brokerage firm or insurance company that manages retirement assets as well as insurance, such as Vanguard, John Hancock, or Bankers Retirement SUniversal Life A variable universal life policy is a type of contract you would purchase through a brokerage firm or insurance company that manages retirement assets as well as insurance, such as Vanguard, John Hancock, or Bankers Retirement SolutiLife A variable universal life policy is a type of contract you would purchase through a brokerage firm or insurance company that manages retirement assets as well as insurance, such as Vanguard, John Hancock, or Bankers Retirement Suniversal life policy is a type of contract you would purchase through a brokerage firm or insurance company that manages retirement assets as well as insurance, such as Vanguard, John Hancock, or Bankers Retirement Solutilife policy is a type of contract you would purchase through a brokerage firm or insurance company that manages retirement assets as well as insurance, such as Vanguard, John Hancock, or Bankers Retirement Solutions.

Universal Life Insurance is often the best and most secure option for those seeking permanent life insurance, but many people purchase either term or a much more expensive whole life policy simply because they don't understand the concept of univerUniversal Life Insurance is often the best and most secure option for those seeking permanent life insurance, but many people purchase either term or a much more expensive whole life policy simply because they don't understand the concept of universal lLife Insurance is often the best and most secure option for those seeking permanent life insurance, but many people purchase either term or a much more expensive whole life policy simply because they don't understand the concept of univerInsurance is often the best and most secure option for those seeking permanent life insurance, but many people purchase either term or a much more expensive whole life policy simply because they don't understand the concept of universal llife insurance, but many people purchase either term or a much more expensive whole life policy simply because they don't understand the concept of univerinsurance, but many people purchase either term or a much more expensive whole life policy simply because they don't understand the concept of universal llife policy simply because they don't understand the concept of universaluniversal lifelife.

The living benefits derived from the cash accumulated in Whole Life and Universal Life insurance should be a deciding factor when considering which type of policy to purchase.

Which leads us, because we're in the life insurance business, to what we believe is the biggest financial lie, a lie that has already ruined the life insurance portfolios of millions and is a festering wound on the financial plans of everyone who has purchased a traditional universal life insurance policy, a variable universal life policy or it's new cousin, the indexed universal life policy.

Consider this story: Jane is an 84 year - old woman who owned a Universal Life insurance policy with a death benefit of $ 100,000, originally purchased to provide some extra income to her husband in the event of her death.

To leave a sufficient amount of coverage behind for his spouse, Jim decided to purchase a guaranteed universal life insurance policy for $ 650,000 of coverage.

If you receive a notice that the cost of your universal life insurance policy is increasing, or if the cash value in your policy is diminishing, we recommend purchasing a new policy as soon as possible.

Your term insurance rate even though it much lower than a whole life or universal life insurance rate may be what you can afford at the time of purchase but you should buy the policy intending to convert at the earliest possible convenience.

The client had an option of purchasing a traditional universal life insurance policy at an annual rate of $ 8,700, or purchasing a 30 - year term life policy for $ 700 a year and investing the difference into a 401 (k).

The client had an option of purchasing a traditional universal life insurance policy at an annual rate of $ 8,700 vs. purchasing a 30 - year term life policy for $ 700 a year and investing the difference into a 401 (k).

If you purchase a non-guaranteed universal life insurance policy, the answer to the title of this article is an emphatic, «NO.»

In the example, the client had an option of purchasing a traditional universal life insurance policy at an annual rate of $ 8,700 versus purchasing a 30 year term policy for $ 700 a year and investing the difference into a 401 (k).

The most common reasons to purchase a guaranteed universal life insurance policy include: leaving an inheritance, providing money to your surviving family to cover the cost of your final expenses, and to protect your estate from estate taxes with an irrevocable life insurance trust.