Sentences with phrase «surrender value feature»

Also, the surrender value feature is added only with insurance based plans where there is a provision of creating a corpus of funds.

Not exact matches

This feature guarantees that the policy will not default, even if the cash surrender value falls to zero or below, provided that the Death Benefit Protection Value remains greater than zero and policy debt never exceeds the Policy Vvalue falls to zero or below, provided that the Death Benefit Protection Value remains greater than zero and policy debt never exceeds the Policy VValue remains greater than zero and policy debt never exceeds the Policy ValueValue.

The flexibility of a universal life policy — specifically your ability to change payment dates and premium and coverage levels — is a valuable feature, but it's also dependent on your policy having enough cash surrender value to cover the monthly policy charges.

This type of policy features a savings component, known as the cash surrender value.

• Coverage is for life, eliminating the need to renew the policy • Provides death benefits • Cash value accumulation feature, which builds up over the life of the policy • Allows you to borrow against the policy • Allows you to surrender the policy

Market Value Adjustment (MVA) Where applicable, the Market Value Adjustment (MVA) feature may be a positive or negative adjustment to the amount of a partial withdrawal or full surrender or to the remaining accumulation value in the policy after a partial withdrValue Adjustment (MVA) Where applicable, the Market Value Adjustment (MVA) feature may be a positive or negative adjustment to the amount of a partial withdrawal or full surrender or to the remaining accumulation value in the policy after a partial withdrValue Adjustment (MVA) feature may be a positive or negative adjustment to the amount of a partial withdrawal or full surrender or to the remaining accumulation value in the policy after a partial withdrvalue in the policy after a partial withdrawal.

Another key characteristic of permanent insurance is a feature known as cash value or cash - surrender value.

Term plans do not offer a paid - up value or any other features if the policyholder wants surrender the policy.

Net cash value, more properly called the net cash surrender value, is a feature of a deferred annuity.

This is a frequently overlooked insurance feature — only 44 per cent of respondents know that not all insurance policies come with a surrender value.

Cash values, more properly called cash surrender values (CSV), are features of permanent life insurance products that include whole life, universal life, variable life and universal - variable life policies.

Platinum boasts multiple new features at no additional cost, including a return of premium rider, guaranteeing the policy's cash surrender value will never be less than the premium payment; accelerated benefit riders for chronic illness, critical illness, and terminal illness; and a charitable giving rider, a unique feature that provides an additional death benefit of 1 percent of the policy face amount to the applicant's charity of choice.

While this will reduce the cash value, and the surrender value, of the policy, it is a helpful feature that many policy owners take advantage of at some time.

In this article I am going to share every single detail about this policy covering the exclusive review of LIC Bima Diamond Plus money back policy, key features, how to use lic premium calculator to find the return on investment, maturity value, surrender value, survival benefits, rider details and many more.

Most permanent life insurance policies come loaded with a feature known as «cash value» or «cash surrender value.»

Readers must note that the surrender value is a term associated only with insurance plans that have a savings corpus creation feature.

A feature of Guaranteed Surrender Value is also present which can be availed if the policy is surrendered after at least three years payment of premiums.

The owner can borrow against the policy, cancel the policy and receive the cash surrender value, designate a beneficiary and exercise any policy options for the application of dividends or conversion features.

Looking at some of the key features, you will notice that there are low surrender charges, guaranteed issue classes, rewarding cash value accumulation, and an opportunity to add two life insurance riders.

Moreover, juxtaposed to term life insurance policies, permanent life insurance policies provide death benefits without limitations from the time frame and offers the feature of cash surrender value or simply cash value.

The platinum plus whole life insurance plan offers long - term protection against catastrophic events with features including level death benefit to age 100, long - term protection with level premiums, cash surrender value and policy dividends.

These have a feature known as cash value or cash surrender value.

So, as on date, this feature is generally available only for traditional non-linked endowment based policies wherein after you pay a premium for a certain number of years (usually three), the policy acquires a surrender value.