Sentences with phrase «specific death benefit value»

But unlike term policies which simply guarantee a specific death benefit value, whole life policies have an investment component and retain their cash value.

Not exact matches

Some life insurance may offer death benefit options, including: a specific benefit that does not vary; a face amount plus the policy value; or the face amount plus premiums paid less withdrawals and loans.

A typical term policy gives you coverage for a specific period of time and when that time is up, if your family has not had to use the death benefit, the money that you have paid in is a sunk cost — no cash value, and no more insurance coverage.

• Allows policyholder to lock in a guaranteed death benefit for specific time required for coverage • Provides a guaranteed tax free death benefit for beneficiaries • Provides a vehicle to pass along wealth to children or grandchildren • May be used to cover estate taxes, fees and outstanding medical bills • May be set up as a charitable trust • May be used for cash value accumulation • Ideal for a Buy / Sell Agreement • Provides a policy which is both flexible and affordable

Life insurance that provides a death benefit for a specific period of time and doesn't have a cash value.

Option 2 Death Benefit: The other option is a combination of a specific death benefit plus the cash value accumulation feature which builds over the life of the poDeath Benefit: The other option is a combination of a specific death benefit plus the cash value accumulation feature which builds over the life of the Benefit: The other option is a combination of a specific death benefit plus the cash value accumulation feature which builds over the life of the podeath benefit plus the cash value accumulation feature which builds over the life of the benefit plus the cash value accumulation feature which builds over the life of the policy.

While I do not believe life insurance is an appropriate alternative for investing, I can think of specific circumstances where permanent, cash value, insurance is the only appropriate choice when a guaranteed death benefit is required.

Your choices include choosing between the amount equivalent to the cash value or a combination of a specific death benefit amount plus the cash value.

Term life provides a death benefit for a specific period of time and does not build up any cash value inside the life insurance policy.

Instead, an evaluation of total death benefit needed, time frame of coverage, and willingness to take on risk within the cash value account are necessary to determine which type of coverage is best - suited for an individual's specific needs.

While a universal life insurance policy offers both death benefit coverage and cash value, the premium on this type of coverage may be more affordable than that of a whole life insurance policy, depending on the insured's specific parameters.

If YOUR EMPHASIS is simply to gain a permanent death benefit while building cash value without implementing a personal banking and financing strategy, or even if it is a bit of both, your specific circumstances may dictate that a direct recognition company is the best choice.

The premium paid purchases a specific death benefit and produces a specific cash value which are guaranteed as long as you choose to keep the policy in force.

Whole life offers specific guarantees, such as guaranteed death benefit, guaranteed cash value growth and guaranteed level premium.

Level term insurance is a type of life insurance in which coverage is provided for a specific period of time, over the course of which the value of the death benefit and the price of the premiums do not change.