Sentences with phrase «set guaranteed minimum rate»
The policy's cash value is credited with an interest rate that is set by the insurance company — and that may change, but will never be lower than a set guaranteed minimum rate of interest.
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Typically, your life insurance company will set a guaranteed minimum growth rate.
The State of Illinois also sets a minimum rate so injured workers are guaranteed a certain amount.
Typically, your life insurance company will set a guaranteed minimum growth rate.
The rate of return for universal life insurance's cash value is usually set by the market, but you may also have a minimum guaranteed interest rate.
The cash value that develops in a whole life insurance policy is not «insured» in the sense that it is not guaranteed to accumulate at a rate greater than the minimum rate set forth in the contract.