Sentences with phrase «results in a whole life policy»

Emphasizing payment of only the base premiums results in a whole life policy with a maximized death benefit and extremely slow accrual of the cash value over the life of the policy.

Not exact matches

Finally, from a taxation perspective, cashing in a whole life insurance policy will generally result in taxation.

At I&E, we don't believe in pitting term life vs whole life, but rather, term life AND whole life into one blended policy for maximum results.

This rider offers an accidental death benefit that is equal to the policy's face amount — and pays out in addition to the whole life insurance benefit if the insured dies as the result of a covered accident.

Additionally, your whole life policy may include the opportunity to earn dividends from the company, which means the company may share favorable results with participating policy holders in the form of cash, lowered premiums, or increased benefits.

But because bigger annual premiums result in larger commissions for insurance salespeople, sooner or later an agent may try to sell you a whole life insurance policy, also known as «cash - value» and «permanent life.»

As a result of the low interest rates and investment returns, insurance companies are likely to earn less on their portfolios, which in turn leads to premium increases for whole and term life policies.

Whole life insurance is much more expensive than term insurance is, and a whole life policy with a «smoker» health rating can result in a policy with what we would call a burdensome cost in some cWhole life insurance is much more expensive than term insurance is, and a whole life policy with a «smoker» health rating can result in a policy with what we would call a burdensome cost in some cwhole life policy with a «smoker» health rating can result in a policy with what we would call a burdensome cost in some cases.

The pro with this policy is you stretch out the premiums for 30 years, resulting in cheap whole life insurance in comparison to the other limited pay life options.

Converting a term life insurance to a universal life insurance policy can make a huge impact on your financial security, but the opposite, converting whole life insurance to a term life policy, results in the loss of much of your paid premiums and has the added disadvantage of possibly terminating without a settlement when the term expires.

Under whole life, a policy builds cash and loan values in addition to providing protection from financial losses resulting from death.