Sentences with phrase «reducing death benefit value»

After you reach 70 or 80, the policy may pay for itself by siphoning payments from your premium cash value, reducing death benefit value until the policy cannibalizes itself.

Not exact matches

(Keep in mind, however, that withdrawing or borrowing funds from your policy will reduce its cash value and death benefit if not repaid.)

1 Accessing cash values, through loans and partial surrenders or by accelerating benefits for long term care benefit payments, will reduce the death benefit payable, the cash surrender value and the long term care coverage available.

¹ Access to cash values through borrowing or partial surrenders will reduce the policy's cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.

These loans will reduce the death benefit and policy value dollar for dollar.

This is known as a partial surrender, which reduces the cash surrender value of the policy and the death benefit amounts.

Please note that the policy's death benefit and cash value will be reduced by the amount of any loans or withdrawals you take.

As you determine if an annuity may be right for you, remember that they are intended as vehicles for long - term retirement planning, which is why withdrawals reduce an annuity's remaining death benefit, contract value, cash surrender value and future earnings.

Withdrawals will reduce the death benefit and cash surrender value.

While the cash value feature is an attractive option it's important to remember, though, that tapping into the cash value of a life insurance policy reduces its value and death benefit and increases the chance the policy will lapse.

Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).

Also, tapping into the cash value of a life insurance policy reduces its value and death benefit and increases the chance the policy will lapse.

As you determine what annuity might be right for you, remember they are intended as vehicles for long - term retirement planning, which is why withdrawals reduce an annuity's remaining death benefit, contract value, cash surrender value and future earnings.

The payment of the accelerated death benefit reduces the stated face amount and stated cash value.

With Legacy Lock IV, the death benefit value protected from withdrawals (Enhanced Return of Premium portion) terminates at age 90, and a traditional Return of Premium benefit is provided to age 95, reduced proportionately for all withdrawals.

Whole life insurance offers death benefit coverage that gradually reduces the insurer's commitment as the cash value builds, just like universal life insurance.

Outstanding loans and withdrawals, however, will reduce policy cash values and the death benefit, and may have tax consequences, so talk with your agent about the pros and cons before taking a loan out on your policy.

Policy loans and / or withdrawals also reduce the cash surrender value and policy death benefit and increase the chance that a policy will lapse.

It's important to note that accessing the cash value through loans and partial withdrawals will reduce the cash value and death benefit.

Withdrawals will reduce the living and death benefits and account value.

This interest can further reduce the value of your cash account and the death benefit.

The insurer, in turn, is able to keep premiums level as the difference between the cash value and death benefit decreases over time, reducing their liability.

Policy loans and withdrawals will reduce the contracts, cash value and death benefit and may cause the policy to lapse.

Policy loans or withdrawals will reduce the policy's cash value and death benefit, and may require additional premium payments to keep the policy in force.

As you can see, when you withdraw or borrow money from the policy's cash value, the insurer will reduce the death benefit accordingly.

Any decrease in the policy's cash value could reduce the policy's death benefit.

Loans and withdrawals reduce the policy's cash value and death benefit amount.

Whole life insurance offers death benefit coverage to beneficiaries that gradually reduces the insurer's commitment as the policyholder's cash value builds.

**** Accessing cash value of a life insurance policy will reduce death benefit.

Any outstanding loans will reduce the cash value and death benefit.

However, the death benefit will be reduced by any outstanding cash value loans and interest.

7 Withdrawals reduce the death benefit and cash value and thereby diminish the ability of the cash value to serve as a source of funding for cost of insurance charges, which increase as you age.

With permanent life insurance, you can access accumulated cash value to cover retirement expenses without generally having to pay any tax on the distribution, although it does reduce the cash value and death benefit amounts.

Of course, tapping cash values through borrowing or partial surrenders will reduce the policy's cash value and death benefit.

(Keep in mind, however, that withdrawing or borrowing funds from your policy will reduce its cash value and death benefit if not repaid.)

In addition, most policy loans and withdrawals are not taxable (although withdrawals and loans will reduce the cash value and death benefit).2

Withdrawals will reduce the death benefit and account value.

Of course, withdrawals or loans that are not repaid will reduce the policy's cash value and death benefit.

Withdrawals will reduce the death benefits and account value.

Because the loan will reduce the amount of available cash value in the policy, however, it will also reduce the amount of death benefit.

Withdrawals reduce the policy value and death benefit.

Policy loans accrue interest and reduce cash value and death benefit.

Cash value can be accessed through loans and partial surrenders which accrue interest and, if not paid back, will reduce the policy's death benefit and cash value.

Several cautions regarding policy loans: First, loans are charged interest and policy loans reduce the death benefit and cash value.

When you access the cash value in a life insurance policy, it will reduce the cash value and death benefit.

Loans and withdrawals from a permanent life insurance policy will reduce the policy's cash value and death benefit, and may require additional premium payments to keep the policy in force.

Tapping the cash value may reduce the policy's death benefit.

Cash value is assessed through loans and withdrawals, which reduce death benefit.

Loans and withdrawals reduce the policy's cash value and death benefit and increase the chance that the policy may lapse.

2 Cash values can be accessed through loans and / or withdrawals, but these will reduce the death benefit and may have tax consequences.