Sentences with phrase «specific type of whole life insurance»

This specific type of whole life insurance offers substantial benefits to key people due to the steady accumulation of cash value within the policy and the flexible access to cash, as well as favorable tax treatment.

This specific type of whole life insurance offers substantial benefits to key people due to the steady accumulation of cash value within the policy and the flexible access to cash, as well as favorable tax treatment.

Not exact matches

Two specific types of permanent insurance — participating whole life and universal life — allows you take full advantage of tax - sheltered investing by overfunding it.

Term insurance is typically the most affordable type of life insurance because it covers a specific period of time instead of providing «whole life» insurance.

Whole life provides some specific guarantees that are only found in this particular type of life insurance product.

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The pro of whole life is that the higher price tag can be mitigated by getting this type of life insurance policy at a young age, adding specific riders that maximize the cash value up to, but not crossing the line, of becoming a modified endowment contract MEC, and allowing you to utilize that cash value in as little as 30 days.

Before making any decision it is important to understand whole life vs term life insurance, and how each type of product can best meet your specific needs.

Unlike whole life insurance, which is considered a type of permanent life insurance, level term policies will eventually come to an end at a specific amount of time based on the policy you purchase.

Other types of policies, such as a whole life insurance policy, may be used for death benefits, establishing a legacy and more, but a 10 year term policy often is purchased with a very specific purpose in mind.

Term insurance is typically the most affordable type of life insurance because it covers a specific period of time instead of providing «whole life» insurance.

However, this type of coverage is considered to be more flexible than whole life insurance, as the insured is allowed — within certain guidelines — to alter the timing and amount of the premium, based on their 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.

For example, Dividend Paying Whole Life Insurance, Indexed Universal Life Insurance, and Variable Universal Life Insurance, refer to specific types of permanent life insuraLife Insurance, Indexed Universal Life Insurance, and Variable Universal Life Insurance, refer to specific types of permanent life iInsurance, Indexed Universal Life Insurance, and Variable Universal Life Insurance, refer to specific types of permanent life insuraLife Insurance, and Variable Universal Life Insurance, refer to specific types of permanent life iInsurance, and Variable Universal Life Insurance, refer to specific types of permanent life insuraLife Insurance, refer to specific types of permanent life iInsurance, refer to specific types of permanent life insuralife insuranceinsurance.

Adjustable whole life insurance is a specific type of life insurance policy that combines features of both term and whole life insurance coverage.

Whole life provides some specific guarantees that are only found in this particular type of life insurance product.

What differentiates an Indexed UL policy from other types of permanent life insurance used for cash accumulation is that the growth of the policy's cash value is based on the performance of an equity index (usually the S&P 500), excluding dividends, collared by a cap and a floor — rather than based on a flat crediting rate that is established by the insurance carrier and adjusted from time to time (a product referred to as «current assumption universal life»), based on a flat dividend rate that is established by the insurance carrier and adjusted from time to time (a product referred to as «whole life»), or based on the actual investment returns of specific equity investments (a product referred to as «variable universal life»).

Before we get into the basics of whole life insurance, let us say that we have no reason to steer you to or from any specific type of life insurance.

In addition to commonly known factors that determine your life insurance rates e.g. age, gender, size of the policy (e.g. $ 250,000), type of the policy (e.g. Term 10, Term 20, Whole Life etc.) several factors specific to heart attacks are considelife insurance rates e.g. age, gender, size of the policy (e.g. $ 250,000), type of the policy (e.g. Term 10, Term 20, Whole Life etc.) several factors specific to heart attacks are consideLife etc.) several factors specific to heart attacks are considered: