Sentences with phrase «stored cash value in the policy»

Due to the strict guidelines of a permanent policy, the only safeguard here is the use of the stored cash value in the policy to cover the premium payment.

Not exact matches

However, Universal Life is more flexible than whole life, allowing the premium and face amount to change.This can be advantageous if you have either limited funds and you can not make a large premium payment or you have excess funds and you want to store up some additional cash value in your policy for a «rainy day».

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