Sentences with phrase «surrender value of the policy at»

The policyholder can avail of a policy loan that is a maximum of 90 % of the Special Surrender Value of the policy at the end of the relevant policy year.

The plan offers a loan facility which is 90 % of the special surrender value of the policy at the end of the relevant policy year less any unpaid premiums for that year.

Not exact matches

If the policy lapses, matures, is surrendered or becomes a modified endowment, the loan balance at such time would generally be viewed as distributed and taxable under the general rules for disbursement of policy cash values.

You will NOT have to pay tax on the surrender value of your policy nor reverse Section 80C benefits, if: You have paid your insurance policy premiums for at least 2 years after buying the policy.

At the end of the guarantee period, if only the required premium has been paid, the policy may lapse for insufficient cash surrender value.

Borrowing more than you've invested in a policy as a result of growth in the cash value over time can cause a «tax event» to occur if you surrender or cancel your policy at some point.

Yes, you can cash it in at any time, do 1035 exchanges, etc., but before the end of the surrender charge period you will pay a fee that compensates the insurance company for the amortized value of the large commission that they paid the agent that sold you the policy.

* All permanent policies can be surrendered for their current cash value after a certain number of years, at which point the insurer pays the accumulated cash value minus any loans and fees.

You can use the cash value, or savings portion, as collateral; you can withdraw or borrowed against it, and you also have the option of buying the policy at a» surrender value,» which means you can cancel the policy for a single cash payment.

Surrender value of BSLI Protect At Ease and Edelweiss Tokio EduSave is the amount of money that will be provided by the insurance company in case you want to surrender the policy before Surrender value of BSLI Protect At Ease and Edelweiss Tokio EduSave is the amount of money that will be provided by the insurance company in case you want to surrender the policy before surrender the policy before maturity.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Birla Sun Life Protect At Ease and Edelweiss Tokio Life EduSave.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Birla Sun Life Protect At Ease and Bajaj Allianz Group Income Protection.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Birla Sun Life Protect At Ease and Birla Sun Life Income Assured Plan.

A life settlement is the sale of an existing life insurance policy to an institutional investor at a price higher than the current cash surrender value, but lower than the face amount of the policy.

If you are wondering how to obtain the cash surrender value of term life insurance, the first step is selecting a policy that does offer what you want at premiums that will fit your budget.

It takes several years, with interest rates at historic lows in 2016, to reach a breakeven point, when total premiums paid equals the cash surrender value of the policy.

You can access your ANNUITYLife cash value by cash surrendering your policy and receive all of your money back — both premium paid and interest earned — at any time.

Gives you the option to surrender your policy for cash value at the end of the level premium period

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).

You can use the cash value, or savings portion, as collateral; you can withdraw or borrowed against it, and you also have the option of buying the policy at a» surrender value,» which means you can cancel the policy for a single cash payment.

* All permanent policies can be surrendered for their current cash value after a certain number of years, at which point the insurer pays the accumulated cash value minus any loans and fees.

Surrender Option & Surrender Value: Policy holders can surrender the policy at any time during the term of thSurrender Option & Surrender Value: Policy holders can surrender the policy at any time during the term of thSurrender Value: Policy holders can surrender the policy at any time during the term of the pPolicy holders can surrender the policy at any time during the term of thsurrender the policy at any time during the term of the ppolicy at any time during the term of the policypolicy.

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 %.

Most whole life policies can be surrendered at any time for the cash value amount, and income taxes will usually only be placed on the gains of the cash account that exceeds the total premium outlay.

Insurers may give an opportunity for revival within the period allowed; if the policy is not revived within that period, surrender value shall be paid at the end of third policy anniversary or at the end of the period allowed for revival, whichever is later.

The cash value grows over time at an interest rate set by the terms of the policy, and is equivalent to the amount of money you would receive if you surrendered the policy to the insurer.

A Policy loan facility can be availed, provided it does not exceed 90 % of the policy's Special Surrender Value at the close of the relevant policyPolicy loan facility can be availed, provided it does not exceed 90 % of the policy's Special Surrender Value at the close of the relevant policypolicy's Special Surrender Value at the close of the relevant policypolicy year.

The planned giving office of an Ivy League university recently told me that they «would at once surrender the policy» for its cash surrender value.

A policy owner who takes a loan against the available cash value may choose to pay back the loan with interest, or to have the amount owed deducted from the death benefit at the time of payout, or to surrender the policy and have the amount owed deducted from the available cash value.

Conclusion There are many benefits to owning a suitable life insurance policy, including fast loans at comparatively low interest rates (with no restrictions on how to spend the loan amount), annual policy dividends and the presence of the cash surrender value.

However, the cash surrender value of your life insurance policy is something that you are not currently using which means that whatever happens you still have your other assets at work.

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.

The cash surrender value of this type grows over the years, and typically at age 100 the cash value is equal to the policy face amount.

Candidates for life settlements are typically aged 70 years or older, with a life insurance policy that has a death benefit or at least $ 100,000, and those seniors who sell a policy can obtain roughly seven times more money than the cash surrender value of the policy.

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.

If at anytime during the policy term, the outstanding loan and interest thereon exceeds 90 % of the surrender value of the policy, the policy will be foreclosed by paying the surrender value after deduction of the outstanding loan and interest thereon.

At this point, depending on the type of policy you have, the cash - value is either surrendered to the insurance company or included in the death benefit.

Make sure that you understand what your cash value minimum and expected amounts will be at various years of your policy, and make sure you understand the rules for accessing this money through either loans, withdrawals, or surrenders.

This charge shall be levied on the Fund Value at the time of Discontinuance of Policy or effecting Complete Withdrawal (Surrender) whichever is earlier, as per the following table:

Foreclosure of policies with loan: If at any time during the policy term, the outstanding loan and interest thereon exceeds 90 % of the surrender value of the policy, the policy will be foreclosed by paying the surrender value after deduction of the outstanding loan and interest thereon.

If the policy lapses, matures, is surrendered, or becomes a modified endowment, the loan balance at such time would generally be viewed as distributed and taxable under the general rules for distributions of policy cash values.

If the policy lapses, matures, is surrendered or becomes a modified endowment, the loan balance at such time would generally be viewed as distributed and taxable under the general rules for disbursement of policy cash values.

Guaranteed Surrender Value (GSV): Unless it is a single term premium policy, for all the other policies, at least three years premium should have been paid to reach the eligibility of obtaining a surrendSurrender Value (GSV): Unless it is a single term premium policy, for all the other policies, at least three years premium should have been paid to reach the eligibility of obtaining a surrender vValue (GSV): Unless it is a single term premium policy, for all the other policies, at least three years premium should have been paid to reach the eligibility of obtaining a surrendersurrender valuevalue.

It's entirely possible that a $ 250,000 policy bought at age 35 could accumulate a cash surrender value of $ 100,000 by the time you reach age 65 — a nice addition to your retirement nest egg if you decide you don't need the insurance anymore.

In case of surrender (provided the Policy has been in force for at least five years), you will receive the Surrender Value of the Terminsurrender (provided the Policy has been in force for at least five years), you will receive the Surrender Value of the TerminSurrender Value of the Terminal Bonus.

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.

One of the virtues of cash value life insurance is that insurance companies are willing to make loans against the policy at relatively favorable interest rates, because the insurance company knows that it can always foreclose on the policy (i.e., force its surrender) as collateral to repay the loan.

The «good» news of surrendering PUAs is that because that portion of the coverage is already paid up, its cash value tends to be high relative to the death benefit, which means the policyowner can give up less death benefit to get much more cash value out (at least compared to a partial surrender of the underlying policy itself).

Unpaid policy loans and accrued interest count against your total death benefit or surrender value at the time of claim or termination of the policy.

A Policy loan facility can be availed, provided it does not exceed 90 % of the policy's Special Surrender Value at the year end of the relevant policyPolicy loan facility can be availed, provided it does not exceed 90 % of the policy's Special Surrender Value at the year end of the relevant policypolicy's Special Surrender Value at the year end of the relevant policypolicy year.