Sentences with phrase «surrender value funds»

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Since she has left the academic world and is not now contributing to a 403 (b), he says, she could probably make the move without having to pay «surrender charges» — penalties for terminating a policy or withdrawing funds from the accrued value before a set time.

If a policy is cancelled, the insurance company no longer needs to keep the reserve to fund the policy in the later years, so it will refund to you the overpayment of premiums, called the cash surrender value.

A surrender charge is a hold back amount that an insurer charges against the cash values of a life insurance policy for the first 8 to 10 years, if funds are withdrawn early.

You can take out a loan on a life insurance policy's cash surrender value if you're in need of immediate funds.

You can also terminate the policy (or «surrender» it) if you want to, and get part of the accumulated funds, or you can sometimes borrow money against your policy's cash value.

Cash value life insurance, whether whole life, IUL, or VUL, allows for the tax - free growth of funds in a policy's cash account unless the policy is canceled or surrendered, transferred or assigned to another owner, or the IRS no longer designates the policy a life insurance contract.

From a strategic standpoint, the popularity of cash value life insurance stems from its ability to both provide insurance protection and grow funds on a tax - deferred basis — interest and earnings in policies of this type are not taxable unless a triggering event occurs, such as surrendering the policy.

If not, you may surrender it and reinvest the fund value in better options.

At the beginning of the index term that follows the end of the Marketing Value Adjustment (MVA) period, the annuity fund value is assured to reach the guaranteed minimum accumulation value, which is 105 %, 107 % and 110 % of original premium (net of withdrawals and applicable surrender charges) for the ISA 5, ISA 7 and ISA 10 respectiValue Adjustment (MVA) period, the annuity fund value is assured to reach the guaranteed minimum accumulation value, which is 105 %, 107 % and 110 % of original premium (net of withdrawals and applicable surrender charges) for the ISA 5, ISA 7 and ISA 10 respectivalue is assured to reach the guaranteed minimum accumulation value, which is 105 %, 107 % and 110 % of original premium (net of withdrawals and applicable surrender charges) for the ISA 5, ISA 7 and ISA 10 respectivalue, which is 105 %, 107 % and 110 % of original premium (net of withdrawals and applicable surrender charges) for the ISA 5, ISA 7 and ISA 10 respectively.

You can mitigate this risk by electing the No Lapse Guarantee Rider on the universal life policy you choose.This rider ensures that if you fund the policy at a premium level required to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly charges.

The No Lapse Guarantee Rider (NLGR) ensures that during the surrender charge period, if you fund your policy at the required premium to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly deduction charges.

Your NYL UL and NYL SUL policies have the potential to earn cash value, which can increase the death benefit your beneficiaries receive.2 Provided it's sufficient, your cash surrender value can be accessed through policy loans and partial surrenders1, 3 to buy a home, fund a child's education, or supplement retirement income.

With a permanent life insurance contract, you have the flexibility to surrender the policy and supplement your retirement income with the funds that have accumulated in the policy's cash value account.

If you want to get access to these funds, you can often borrow against the cash value, or surrender your insurance policy.

In case you do not renew the policy, we will pay you the fund value * after deducting applicable surrender charges if any.

You may be able to borrow funds from the cash value or surrender your policy for its face value, if necessary.

The cash value of a life insurance policy accumulates tax deferred, but if you surrender the policy, you'll incur an income tax liability for funds that exceed the premiums you have paid.

You can either surrender the policy for its cash value or take the needed funds as a loan against the policy.

He funded the policy with $ 17,000, and his current account value at that time was $ 15,828, minus the surrender charge (which equaled a net surrender value of $ 14,652).

For permanent life insurance policies, it can be a used as cash surrender values as a source of emergency funds during a life

A contract meets the cash value accumulation test of this subsection if, by the terms of the contract, the cash surrender value of such contract may not at any time exceed the net single premium which would have to be paid at such time to fund future benefits under the contract.

Surrender after 5 years entails a policyholder to receive fund value at its prevailing NAV.

Investors can surrender a policy after 5 years and in such a case, they will receive the value of their fund investments.

If the insured surrenders the policy before the completion of 5 years, then a policy discontinuation charge will be deducted and the fund value will be credited to the Discontinued Policy Fund accofund value will be credited to the Discontinued Policy Fund accoFund account.

If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Pension Discontinuance Policy Fund where it will earn a minimum of 4 % p.a. grofund value net of discontinuation charge will be credited to the Pension Discontinuance Policy Fund where it will earn a minimum of 4 % p.a. groFund where it will earn a minimum of 4 % p.a. growth.

If the policy surrendered after the completion of 5 years, the insurer will pay out the total fund value without deducting any charges.

If the insured surrenders the policy before the completion of 5 year then the difference of fund value and policy discontinuation charge will be credited to the Discontinued Policy Fund account and will accrue interest @ 4 % pfund value and policy discontinuation charge will be credited to the Discontinued Policy Fund account and will accrue interest @ 4 % pFund account and will accrue interest @ 4 % p.a..

If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 4 % p.a. grofund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 4 % p.a. groFund where it will earn a minimum of 4 % p.a. growth.

People can surrender a policy after 5 years to get the fund value.

If the policyholder surrenders his policy after completing 5 policy years, then the entire fund value as on the date of surrender is payable without any additional charges applicable.

If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinuance Policy Fund where it will earn a minimum of 4 % p.a. grofund value net of discontinuation charge will be credited to the Discontinuance Policy Fund where it will earn a minimum of 4 % p.a. groFund where it will earn a minimum of 4 % p.a. growth.

On surrender after the lock - in period of first 5 policy years, the surrender benefit available will be Fund Value, as on the date of surrender.

If the policyholder surrenders his policy before completing 5 policy years, then the fund value net discontinued charges shall be credited to the discontinued policy fund where it shall grow at an annual rate of 4 %.

If the policy is surrendered before the completion of five policy years then the insurance cover ceases and the Surrender Value will be kept in the Discontinued Fund of the policy.

The Surrender Value is the fund value at the prevailingValue is the fund value at the prevailingvalue at the prevailing NAV.

After completing five policy years, if it is surrendered, then there is no Surrender / Discontinuance Charges and the Fund Value is paid to the policyholder and the policy will terminate immediately.

If the policy is surrendered before the completion of five policy years then the insurance cover ceases and the Surrender Value equal to Fund Value minus Discontinuation Charge will be kept in the Discontinued Fund of the policy.

If the policy is surrendered within the first five years from the start of the plan, then the fund value is transferred to what is called as the Discontinued Policies Ffund value is transferred to what is called as the Discontinued Policies FundFund.

The fund value on the date of surrender will be paid.

Policy Termination or Surrender Benefit: In case the insurance holder wants to surrender the policy before completion of the first 5 years of the policy term, then the plan will be ceased and the fund value will be transferred to the discontinued policy fund where a minimum 4 % per annum growth iSurrender Benefit: In case the insurance holder wants to surrender the policy before completion of the first 5 years of the policy term, then the plan will be ceased and the fund value will be transferred to the discontinued policy fund where a minimum 4 % per annum growth isurrender the policy before completion of the first 5 years of the policy term, then the plan will be ceased and the fund value will be transferred to the discontinued policy fund where a minimum 4 % per annum growth is earned.

In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee After completing five policy years, if it is surrendered, then there is no Surrender / Discontinuance Charges and the Fund Value is paid to the policyholder and the policy will terminate immediatfund value will be payable to the nominee After completing five policy years, if it is surrendered, then there is no Surrender / Discontinuance Charges and the Fund Value is paid to the policyholder and the policy will terminate immediavalue will be payable to the nominee After completing five policy years, if it is surrendered, then there is no Surrender / Discontinuance Charges and the Fund Value is paid to the policyholder and the policy will terminate immediatFund Value is paid to the policyholder and the policy will terminate immediaValue is paid to the policyholder and the policy will terminate immediately.

View Product / Fund Performance and Regulatory Documents 1Access to account values through borrowing and / or withdrawals will reduce the cash surrender value and may reduce the policy death benefit.

Your NYL UL and NYL SUL policies have the potential to earn cash value, which can increase the death benefit your beneficiaries receive.2 Provided it's sufficient, your cash surrender value can be accessed through policy loans and partial surrenders1, 3 to buy a home, fund a child's education, or supplement retirement income.

In a case where the insured surrenders his plan before completing 5 years, then the fund value including the discontinuation charges will be added to discontinuation fund where it shall grow at a rate of 4 % annual.

The No Lapse Guarantee Rider (NLGR) ensures that during the surrender charge period, if you fund your policy at the required premium to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly deduction charges.

According to these legal financial requirements, the insurance companies are legally bound to set up a reserve, which at all times must be equal to the withdrawal or surrender value of their total block of annuity policies or contracts, i.e. the annuity providing insurance companies must set aside funds equal to the surrender value of every annuity contract in force.

Accrued benefit payout as per Scheme Rules of Group Policyholder will be made subject to the available Fund Value.In case of bulk exit or complete surrender of the Scheme prior to the third renewal of the Scheme, Market Value Adjustment will be applicable.

The cash surrender value of the accumulated fund can be totally paid in as few as 2 installments, each one being separated by a minimum period of 90 days

This benefit gives you access to funds from the cash surrender value of the accumulated fund when one of the insured persons provides satisfactory proof of disability, loss of independence or a specified critical illness.

Funds can be withdrawn from a life insurance policy on a borrowing basis, or the removed value can be surrendered, which means the money is permanently removed.