Sentences with phrase «secondary guarantee policy»

If you buy a «universal life secondary guarantee policy», you will eliminate the risk of having your policy lapse and guarantee the death benefit will still be there until you die.

Stick with secondary guarantee policies, and your insurance policy will pay a death claim regardless of how it performs.

Secondary guaranteed policies are extremely cost effective for assuring a long term death benefit but will not build excess cash values.

AG 38 reduced this risk by requiring universal life secondary guarantee policies to be principle - based.

Not exact matches

An indexed product trend Britton is seeing right now is carriers putting an indexed universal life policy together with a secondary guarantee.

If the United States could somehow guarantee poor people a fair shot at the American dream through shifting education policies alone, then perhaps we wouldn't have to feel so damn bad about inequality — about low tax rates and loopholes that benefit the superrich and prevent us from expanding access to childcare and food stamps; about private primary and secondary schools that cost as much annually as an Ivy League college, and provide similar benefits; about moving to a different neighborhood, or to the suburbs, to avoid sending our children to school with kids who are not like them.

At this point, I would be looking for special reserves established for secondary guarantees established for Term and Universal Life, and Variable Life & Annuity policies.

To make universal policies more attractive, insurance companies began adding a secondary guarantee that would keep the policy in force even if cash values dropped to zero.

One of the most attractive things about Universal Life policies with Secondary Guarantees is that they provide lifelong coverage at rates that can be considerably lower than other forms of permanent insurance.

When you buy a policy with a «secondary guarantee,» you're guaranteed that the policy won't lapse even if the above factors come to pass.

The additional guarantee is commonly referred to as a secondary guarantee because this is in addition to the primary policy guarantee.

With a Universal Life policy with Secondary Guarantees, the death benefit is guaranteed for life and you have the flexibility of adjusting your premiums, a valuable feature since estate tax rates and exclusion amounts keep changing from year to year.

With the No - Lapse feature (or «Secondary Guarantee»), the policy promises to stay in effect for the guaranteed period (usually the insured's life) if the premium is paid on time, even if the cash value has run out.

Often, secondary guarantees have to be limited or cut to make the policy attractive as an alternative investment or a high cash value policy.

Filed Under: Types of Life Insurance Tagged With: guaranteed universal life insurance, GUL policy, No Lapse life insurance, permanent insurance, Secondary Universal Life, universal life insurance

When you buy a policy with a «secondary guarantee,» you're guaranteed that the policy won't lapse even if the above factors come to pass.

Secondary Guarantee Contractual guarantees offered by life insurance companies that state policies are guaranteed to pay a death benefit even if the cash value falls to $ 0.

That's why more and more universal life insurance policy owners are choosing to opt for a plan with a «Secondary Guarantee,» (also known as a No - Lapse Guarantee).

To make UL policies more attractive, insurers have added secondary guarantees, where if certain minimum premium payments are made for a given period, the policy remains in force for the guaranteed period even if the cash value drops to zero.

If all you need is inexpensive lifetime insurance protection, consider a universal life policy with secondary guarantees or a low cash value whole life policy that blends term life with whole life for low - cost coverage.

If you're considering buying a universal life policy with secondary guarantees — low - premium guaranteed death benefits for life or for a specified period of time — a late payment can impact the policy benefits.

Rather than the cash value sustaining the policy, the insurer provides a secondary guarantee that it will pay the death benefit regardless of policy reserves.

Dgoldenz has brought up a good point, that it may be possible to 1035 (transfer the money without paying taxes on gains to another policy) the money to a secondary guaranteed universal life insurance policy, which is permanent no cash value (even if it says there is) life insurance.

To ensure a guaranteed premium period, she should look for something called a secondary guarantee on the policy.

Convert the policy to universal life with secondary guarantees.

Additionally, the insurer may offer a secondary guarantee that keeps the policy in effect even if the cash value will not cover the cost of insurance.

Also known as «No Lapse» or «Secondary Guarantee Universal Life», this policy type issues fixed rates until a certain age (such as 90, 95, 100, 105, 110, or 121) rather than a specific number of years.