Sentences with phrase «steep surrender penalties»
Some insurers will stipulate that you don't get any cash value portion returned if you surrender during this period, while other insurers will apply steep surrender penalties in order to recoup their own front loaded expenses in selling and setting up the policy.
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Some insurers will stipulate that you don't get any cash value portion returned if you surrender during this period, while other insurers will apply steep surrender penalties in order to recoup their own front loaded expenses in selling and setting up the policy.
Not exact matches
Many contracts have a back - end surrender charge schedule that can last for up to 15 years, with steep penalties being assessed for early withdrawals.