Sentences with phrase «reduce accumulated interests»

While saving, still try to pay an amount that is at least more than the minimum due on your credit cards to reduce the accumulating interest.

Not exact matches

Interest - only payments can dramatically reduce the monthly payments, but the interest will continue to accInterest - only payments can dramatically reduce the monthly payments, but the interest will continue to accinterest will continue to accumulate.

Here your # 10K that you accumulate reduces your interest through the 2 years, but you keep it in savings where you can access it if you need to.

This way you'll reduce your debt and avoid interests to accumulate.

Unfortunately, a scenario we see too often is a cardholder who has accumulated too much credit card debt and ends up spending most of their monthly payments paying off the interest, rather than reducing their total debt.

Assuming that, each month, you are making payments of $ 500, you have interest accumulating that makes the balance harder to reduce.

A consumer proposal, for example, can help you combine all of your debts into one easy monthly payment, stop interest from accumulating, and often reduce the total amount of debt that you owe.

The interest - free loan program (for the first 5 years) would be used to match up to $ 37,500 or 5 % of the down payment already accumulated by the borrower to be used to for a larger down payment to help keep payments more affordable and reducing the high ratio mortgage insurance that is added to the first mortgage.

But over time, as you continue to make payments, the balance of the loan decreases, thereby reducing the interest that accumulates and allowing more of your monthly payment to go to paying down the principal of the loan.

The Fixed Account Minimum Value is equal to 87.5 % of premiums allocated to the Fixed Account Options reduced by withdrawals and transfers from the Fixed Account Options, any applicable optional benefit charges, taxes and a $ 50 annual deduction, accumulated at the Fixed Account Minimum Interest Rate.

The dividends and the accumulated interest may be paid to the policy holder, or, they could also be used for reducing the amount of out - of - pocket premium that is due.

They can help you reduce your monthly repayments, stop interest from accumulating on serious debt and stop creditor harassment.

The idea of doing this, is to try to save money by reducing the interests and have less bills accumulating into your mail every month.

If you don't have an overall game - plan to get out of student loan debt and reduce your overall balances, don't do forbearance because YES INTEREST DOES STILL ACCUMULATE and your balances will grow increasing your overall debt and making it harder to obtain student loan debt relief.

Consumer Proposals allow you to reduce the debts you owe, structure the time you have to pay off all your debts, or some combination of both, without accumulating interest or paying additional fees.

The death benefit is reduced by the amount accelerated plus accumulated interest.

You can supplement retirement income by taking loans or withdrawals from accumulated cash value (although the policy's cash value and death benefit are reduced by the amount taken, plus any loan interest charged).

You can pick how you want the dividends to be used: paid out in cash, reduce your premium payments, accumulate interest, or pay for Paid Up Additional insurance (which increases your policy value).

Dividends can be taken in cash, used to reduce the premium, left to accumulate at interest, or used to purchase paid - up additional insurance.

Your policy could potentially earn dividends that can be used to purchase more paid - up life insurance, reduce your premium or accumulate with interest.

The policy may earn dividends that can be used to purchase more paid up life insurance, reduce premiums, or accumulate interest.

If you do happen to receive dividends, you could use it to accumulate interest, reduce premiums in the future, purchase additional insurance, or even receive it as cash.

While not to take the place of a savings account, some permanent insurance products have a cash value component that accumulates interest which can be used, via surrendering the policy or borrowing against it, for future expenses such as medical bills; however, the value grows more slowly than a typical investment plan and if you don't repay the policy loans with interest, your death benefit will be reduced.

Some policyholders find this appealing because they can access the cash value while they're still alive, although it generally accumulates interest and reduces the death benefit until you pay it back.

The dividends and the accumulated interest may be paid to the policy holder, or, they could also be used for reducing the amount of out - of - pocket premium that is due.

Loans do not necessarily need to be paid back, but they do accumulate interest at a low rate, and the death benefit will typically be reduced by the amount of the outstanding loan.

Dividends can be paid in cash, used to reduce your premium payments, left to accumulate at a specified rate of interest or used to purchase paid - up additional insurance which will increase your face amount of coverage.

The dividend can be left to accumulate interest, can be used to reduce premiums or may be used to purchase paid up additions which are small single premium policies of the same type as the base policy.

The dividends earned on your whole life policy can be used to reduce premiums, can be paid to you in cash each year, can be left with the life insurance company to accumulate interest or they can be used to purchase paid up additions.

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.

Therefore, if enough time elapses, the amount of the policy loan plus accumulated interest can signifiantly reduce the amount of the death benefit.

The amount payable as Death Benefit is reduced by the outstanding loan amount, accumulated interest and due premiums or the unpaid premiums during the policy year in case of death.

Any amount payable towards the Survival Benefit is reduced by the outstanding loan amount and accumulated interest.

If you withdraw the cash from your «cash accumulating policy», the insurance company views this as a loan, and the death benefit from your policy will be reduced until the loan is paid back (with interest).