Sentences with phrase «structure of a whole life policy»

This structure of a whole life policy will allow the majority of your premium to go toward the cash value savings, while very little goes toward agent commissions and the cost of insurance.

The structure of a whole life policy is such that a portion of the premium is allocated to the actuarially determined cost of «protection», and the rest is allocated to an account that develops cash value.

Not exact matches

You see, when a participating whole life insurance plan is properly structured to maximize the cash value, the cash value can become available relatively quickly depending upon the amounts deposited and the other details of the policy.

While these products are all structured differently, the term and whole life insurance policies would fall within the category of final expense insurance, as they have limited payouts that are better suited to covering end - of - life costs than income replacement.

A whole life policy that is properly structured would have given Han and Leia the option of banking as a family.

You don't mind paying more money per month because you can see the value of a properly structured whole life policy

However, New York Life offers a wider variety of structures for whole life insurance policLife offers a wider variety of structures for whole life insurance policlife insurance policies.

As we touched on above, this strategy of borrowing from a properly structured whole life insurance policy allows you to continue to accrue cash value, tax free, regardless of the amount borrowed and at reasonable market rates.

Although the initial death benefit is lower than with the guaranteed universal life policy, overtime the death benefit of a properly structured whole life policy may far surpass what other insurance policies will offer.

With a properly structured whole life policy that is built for max cash value accrual, it may only take a couple years before the bank is of sufficient size, but it's not an overnight process.

As an example, a properly structured cash value whole life insurance policy that is purchased from a mutual company, is one that has tremendous liquidity, low cost (majority of the cost is buying lifelong level insurance — not to be compared to term), no tax on the growth of the account, tax free loans, tax free withdrawals (up to basis), tax free to survivors, no contribution limits, no required withdrawals, is free from creditors, and has minimum guarantees.

The premiums for guaranteed universal life insurance policies will be less expensive than whole life insurance, coverage amounts are flexible, and a guaranteed universal life insurance policy can be structured to provide final expense coverage up to age 90, 95, 100, and even 121 years of age.

There are many ways that you can structure your gift to the charity — including making them the beneficiary, and assigning the charity the dividends of a whole life insurance policy.

The «life» of a whole life insurance policy is typically structured to be paid until age 100 if you can live that long.

This type of policy is typically less expensive than Whole Life Insurance, and can be structured to deliver level premiums and guaranteed death benefit... for lLife Insurance, and can be structured to deliver level premiums and guaranteed death benefit... for lifelife.

Other life policies, such as whole life, universal life, or variable life, are more complex because of their structure and investment features.

Because of the different options available, a whole life insurance policy can be an excellent tool for structuring your finances in retirement, as well as planning your legacy.

The significance of adjustable or universal life insurance is that the policy may be structured so that it functions more like whole life or more like term insurance.

I believe using the whole life to leverage investments in real estate can help you minimize the effect of interest paid to banks and by doing it right and structuring the policy to maximize the cash value it can compound pretty well over time.

You don't mind paying more money per month because you can see the value of a properly structured whole life policy

These are all examples of how the same policy can be structured in many different ways, and this is important to keep in your mind when you are looking at a whole life insurance illustration.

In the case of whole life policies, where the death benefit and cash value structure is less flexible, there's no way to take a non-taxable withdrawal from the policy, nor to just reduce the death benefit; however, it is possible to engage in a «partial surrender» of the policy, which liquidates a portion of the policy, returns a portion of the cash value, and reduces the death benefit accordingly.

A whole life policy can be structured in many different ways, including becoming paid up after a certain amount of time or using dividends to offset premium payments.

For whole life policies, by definition of the policy structure, payment of the premium is guaranteed to keep the policy in force and the cash value increasing, although the net return may still be extremely low.

In a low interest rate environment a client may be better served from a rate of return standpoint with a properly structured whole life insurance policy.

With a properly structured whole life policy that is built for max cash value accrual, it may only take a couple years before the bank is of sufficient size, but it's not an overnight process.

You see, when a participating whole life insurance plan is properly structured to maximize the cash value, the cash value can become available relatively quickly depending upon the amounts deposited and the other details of the policy.

However, New York Life offers a wider variety of structures for whole life insurance policLife offers a wider variety of structures for whole life insurance policlife insurance policies.

In general, all insurance plans are structured normally with basic plans like «Whole Life Insurance Policy», under which legal heirs are entitled to collect a specified sum of money on the death of the policy hPolicy», under which legal heirs are entitled to collect a specified sum of money on the death of the policy hpolicy holder.