Sentences with phrase «sufficient cash value»

This protects the policy only as long as sufficient cash value remains, however.

You can actually not make payments if you have sufficient cash value in which to draw off.

If sufficient cash value exists in the policy, often times a missed premium payment will just reduce the cash surrender value by the amount of premium due.

As long as you pay your minimum required premium you policy will not lapse, even if sufficient cash value is available.

Permanent life insurance policies with sufficient cash value normally allow loans to be taken out.

Any life insurance policy that has cash value will allow a loan to be taken against that value under normal circumstances (assuming sufficient cash value exists to meet minimum loan requirements).

This means you have the option not to pay premiums later if there is sufficient cash value within the policy!

The only requirement is there is sufficient cash value available to pay the actual cost of the insurance premiums.

Life insurance plans with sufficient cash value allow policyholders to take loans from the cash value.

A policy with sufficient cash value enables you to skip premium payments, if that is an option you choose or need to exercise.

Once sufficient cash value has accumulated, the policyholder will be in possession of considerable flexibility for future premium payments.

To borrow against the savings portion of a permanent life insurance policy, there is usually a waiting period after the purchase of your policy for sufficient cash value to accumulate.

Was there sufficient cash value to cover the premiums that would have been due?

These loans and withdrawals can be at any time as long as there is sufficient cash value in the policy.

If sufficient cash values have built up within the policies, the funds can be accessed to purchase an owner's interest following retirement or disability.

In some flexible - premium policies, premiums may be reduced or skipped as long as sufficient cash values remain in the policy.

For example, some policies offer a «no lapse» guarantee, which states that if a stated premium is paid in a timely manner, the coverage remains in force, even if there is not sufficient cash value to cover the mortality expenses.

Universal life insurance provides lifetime protection with flexible premium payments that can be adjusted up or down, as long as sufficient cash value reserves are in the policy.

Again, most UL policies don't have guaranteed riders, so they require constant vigilance and maintenance to be sure sufficient cash values are maintained to keep the policy in good standing.

Indexed returns do not protect against lapse if premiums and returns do not provide sufficient cash value to cover loan interest and insurance costs.

Your policy (if sufficient) can then be used to help pay for college expenses, to get a leg up on retirement planning, or saved in case of emergency.1 You must also keep sufficient cash value in your universal life policy to ensure its no - lapse guarantee and extended coverage benefits remain in force.

Premiums paid must produce sufficient cash value to pay insurance charges.

The owner of the policy can chose to make payments or not make payments into the policy, as long as sufficient cash value exists in the account.

With some life insurance carriers, if a premium is not paid by the 31 - day grace period, an automatic premium loan will be made — assuming sufficient cash value exists in the policy.

In some flexible - premium policies, premiums may be reduced or skipped as long as sufficient cash values remain in the policy.

These policies would typically cost more up front, since the insurance company needs to build up sufficient cash value within the policy during the payment years to fund the policy for the remainder of the insured's life.

The cash value of an insurance policy builds over time, so there might not be sufficient cash value available to borrow against if you want to take out a loan in the first years of the plan.

If you can no longer afford your premiums, you may be able to stop paying your premiums for months or even years without your policy lapsing, if your policy has sufficient cash value in it.

If there is sufficient cash value, a policyholder can stop paying premiums out - of - pocket and have the cash value account cover the payment.

The big difference between universal life insurance and a whole life policy, is that with universal life the premiums can be paid as the policyholder desires, as long as sufficient cash values are present to pay of the cost of insurance.

As long as you have a policy with the insurance company that has sufficient cash value to borrow against, you won't have to undergo a credit check and all the other hassles that normally come with taking out a loan.

In a different situation, if you have accumulated a sufficient cash value and there is enough money on your account to cover the premium, you may still want to pay the amount you find appropriate to earn interest which is credited on a tax - deferred basis.

The big difference between universal life insurance and a term life policy, is that with universal life the premiums can be paid as the policyholder desires, as long as sufficient cash values are present to pay of the cost of insurance.

Basically, the policy will use the cash value to make the payments and continue doing so for as long as there is sufficient cash value to sustain the payments.

You can pay when you want, as long as there is sufficient cash value to pay for policy fees and cost of insurance.

In either case, sufficient cash value must remain inside the policy to support the death benefit.

The premium payment made by the APL will come from your policy's cash value account, and will continue to do so for as long as there is sufficient cash value to keep it in force.

Policy premiums are adjustable as long as there is sufficient cash value to cover policy expenses.

While premium flexibility is nice to have, you must have sufficient cash value to cover the minimum cost of insurance and other policy charges.

Variable universal life is a type of permanent life insurance, because the death benefit will be paid if the insured dies any time as long as there is sufficient cash value to pay the costs of insurance in the policy.

Premium payments for universal life insurance policies are technically flexible, meaning that as long as the owner covers at least the cost of insurance, or sufficient cash value exists to cover the cost of the insurance coverage, the policy will remain in force.

As long as the policy has a sufficient cash value to cover the monthly cost of insurance, the policy will remain active and is considered «in force».

Loans never need to be repaid by the owner and the policy will always stay in force as long as sufficient cash value exists or payment are made to cover the cost of the insurance.

You can use these cash values to pay premiums for as long as there are sufficient cash values.

This is because the intent of the policy is to build cash value at a faster rate for a higher internal rate of return, or because premium payments are meant to stop after a certain point, and sufficient cash value must be built up to end payments.

If you can not pay your premiums, the insurance company takes money from your policy's cash value to pay the premiums, assuming there is sufficient cash value.

Your policy is likely to have sufficient cash value to borrow against «typically after the 10th year the policy is in force,» says Richard Reich, president, Intramark Insurance Services, Inc. a life insurance agency in Glendale, Calif..

He has been paying on the UL for about 15 years and just two years ago he received notice that the policy no longer had sufficient cash value to support the death benefit.