Sentences with phrase «surrender value offered»

These types of companies tend to pay more than the surrender value offered by the issuer because they take into account the value of the policy through maturity.

However, it is only to the extent of the surrender value offered by a plan.

Under the company's «enhanced surrender value offer,» customers who surrendered policies received an «enhancement» to their surrender amount.

Not exact matches

This benefit includes a choice of two Withdrawal Base1 growth options — 10 % with no interest credits added or 7.5 % plus an additional dollar amount of interest credits annually, minus any withdrawals.2, 3 In addition, ForeIncome offers a Guaranteed Minimum Surrender Value (GMSV) 4 which has the potential to increase contract value but terminates on the GLWB activation Value (GMSV) 4 which has the potential to increase contract value but terminates on the GLWB activation value but terminates on the GLWB activation date.

Choice Income also offers a Guaranteed Minimum Surrender Value (GMSV) 9, which may increase your contract value upon surrender, after the withdrawal charge period but terminates on the GLWB ActivatSurrender Value (GMSV) 9, which may increase your contract value upon surrender, after the withdrawal charge period but terminates on the GLWB Activation Value (GMSV) 9, which may increase your contract value upon surrender, after the withdrawal charge period but terminates on the GLWB Activation value upon surrender, after the withdrawal charge period but terminates on the GLWB Activatsurrender, after the withdrawal charge period but terminates on the GLWB Activation Date.

A Book Value MYGA would offer the accumulated value of the annuity less surrender fees applicable at that time of surreValue MYGA would offer the accumulated value of the annuity less surrender fees applicable at that time of surrevalue of the annuity less surrender fees applicable at that time of surrender.

In addition, the FGA offers withdrawal options without a surrender charge or market value adjustment to help in certain situations.

The cash surrender value you can potentially accumulate within your policy may be protected from market downturns, and still offers some opportunity for growth.

They are often less expensive than permanent types of life insurance, yet, like many permanent policies, they still may offer cash surrender values if the insured doesn't die.

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.

The vital elements of a policy are the premium paid each year, the death benefits offered and the cash surrender value which would be paid to the insured if they decided to surrender their policy while still alive.

It said that the four - pronged regulatory changes in recent years have brought renewed focus on customer centricity, be it making sum assured at a minimum ten multiples, offering guaranteed surrender value, making benefit illustration mandatory for all products, need - oriented like measuring product suitability matrix before making any recommendation, among others.

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

The amount which is higher of the Special Surrender Value (SSV) and the Guaranteed Surrender Value (GSV) will be offered as the surrenderSurrender Value (SSV) and the Guaranteed Surrender Value (GSV) will be offered as the surrenderSurrender Value (GSV) will be offered as the surrendersurrender benefit.

Depending on the contract, the carriers would offer the consumer a Cash Surrender Value in return for policy surrender, or in some extreme health situations, a modest advance against the deathSurrender Value in return for policy surrender, or in some extreme health situations, a modest advance against the deathsurrender, or in some extreme health situations, a modest advance against the death benefit.

These types of insurance plans often build up cash value, may offer dividends payments, and if surrendered, you will receive the cash payment for the policy that has been built up.

Most policies also offer a withdrawal clause, which allows the contract holder to cancel his / her coverage and receive a cash surrender value.

Reason: After the life products get re-filed, they are likely to offer lower commissions to the agents and higher surrender value to the customer.

It offers guaranteed low premiums to age 100 (no surrender value).

Cash value life insurance always offers a non-forfeiture option, called a cash surrender value, or «cash value».

The appeal of such transactions is that, where the original policyowner has had an adverse change in health since the policy was originally issued, a third - party buyer may be willing to pay more for the policy — and hold it until the death of the original insured — than the insurance company is willing to offer as a cash surrender value.

Doesn't offer any surrender value for regular pay policies.

A whole policy offers tax - deferred cash value accumulation, which you can access through partial surrenders or policy loans.

Permanent life insurance has cash value upon surrender, offers savings you can use when accumulated, or even dividends for certain types of policies.

Sometimes called a «life settlement», a «senior settlement» or a «lifetime settlement», the life insurance settlement typically offers the original policyholder more money than the cash surrender value of the policy, and offers the life insurance settlement company an opportunity for substantial profits.

Value - accumulating whole life or universal insurance is often offered as death benefit protection with a cash value component that you can borrow against or eventually cash in by surrendering the poValue - accumulating whole life or universal insurance is often offered as death benefit protection with a cash value component that you can borrow against or eventually cash in by surrendering the povalue component that you can borrow against or eventually cash in by surrendering the policy.

However, should you survive the term, term policies offer no cash / surrender value.

Well, not all term insurance plans offer surrender value.

Life insurance settlements can offer an insured person who no longer wanted, needed or could afford the opportunity to liquidate the policy a value well - above the the cash surrender value (which is the value of the policy if the insured stopped paying premiums, or cancelled the policy).

The cash surrender value you can potentially accumulate within your policy may be protected from market downturns, and still offers some opportunity for growth.

· After the completion of 3 years, the plan offers loan subject to a minimum of Rs. 5000 and a maximum 60 % of the Surrender Value.

If committed within the first 12 months of policy revival, higher of 80 % of premiums paid or the acquired Surrender Value is offered to the nominee.

An LIC single premium policy offers guaranteed surrender value.

The plan also offers loan facility on accrued surrender value.

They also offer cash surrender value and a tax free savings component, both of which can't be found in term life insurance.

Some types can also offer access to cash surrender value to help meet needs during your lifetime.

Offers a loan facility if the policy holder has paid the premiums for 3 years regularly and if the plan has reached a Surrender Value.

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.

Tarun Chugh, MD and CEO, PNB MetLife, explained the new portfolio of products would offer lower commissions, higher surrender value, uniform life protection and provide more transparency.

Conclusion: Majority of the pension plans offers returns between 4 % to 6 % per annum without risk coverage and this plan scores high in terms of returns or guarantee surrender value before the maturity date.

Pension plans do offer surrender value or benefits in times of exigencies after paying applicable surrender charges, if any.

Since child plans are basically an endowment policy, it offers loan which can be taken against your policy once the policy has acquired surrender value.

Sometimes people outgrow their need for a specific life insurance policy, and a life settlement may offer the chance to gain more than the policy's cash surrender value.

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.

Surrender Benefit: Pension plans do offer surrender value or benefits in times of exigencies after paying applicable surrender chargesSurrender Benefit: Pension plans do offer surrender value or benefits in times of exigencies after paying applicable surrender chargessurrender value or benefits in times of exigencies after paying applicable surrender chargessurrender charges, if any.

If this Policy is surrendered after the completion of the Lock in Period, Co. will close the Unit Account and the Surrender Value can, to be utilized by the insured for exercising one of the following options offered by the Co..

Refiled life products are also likely to offer lower commissions and higher surrender value.

Ulips offer a surrender value, which is equal to the market value of the current units held.

This plan offers loan benefit to the policyholder.The maximum loan amount will not exceed 70 % of the surrender value.