Sentences with phrase «rate on the cash value accumulation»
The Sage universal life insurance no medical exam policy also offers a minimum guaranteed interest rate on the cash value accumulation portion of 2.5 % which is guaranteed payable over the life of the policy.
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Premiums and the rate of return on the cash value accumulation are guaranteed.
With a flexible premium and cash values that can grow based on the rise of a stock index or guaranteed interest rate, universal life insurance policies offer a tool for both death benefits and cash value accumulation.
These policies provide flexibility in premium amount and benefits as well as market rates of interest on cash value accounts and tax deferred accumulation.
A universal life contract provides access to cash value accumulation like that of a whole life policy; however, cash value within a universal life policy includes a guaranteed minimum interest rate plus an additional interest payment if and when the life insurance carrier experiences higher returns on its own investments.
Mutual of Omaha's AccumUL is a fixed universal life policy that offers a guaranteed interest rate of no less than 2 % per year on the cash value accumulation.
Provides death benefits as well as a cash value accumulation (based on a rate of return) that builds during the life of the policy
What differentiates an Indexed UL policy from other types of permanent life insurance used for cash accumulation is that the growth of the policy's cash value is based on the performance of an equity index (usually the S&P 500), excluding dividends, collared by a cap and a floor — rather than based on a flat crediting rate that is established by the insurance carrier and adjusted from time to time (a product referred to as «current assumption universal life»), based on a flat dividend rate that is established by the insurance carrier and adjusted from time to time (a product referred to as «whole life»), or based on the actual investment returns of specific equity investments (a product referred to as «variable universal life»).