Sentences with phrase «than its cash surrender»

It says that in a conversion occurring soon after the purchase of an annuity, the value of the annuity is established by the premiums used to purchase the annuity rather than its cash surrender value.

However, an option now exists which enable policyholders to receive amounts more than cash surrender value by selling the policy on the life settlement market.

A company will usually pay more than the cash surrender value, but less than the death benefit, although the exact price depends on a number of factors.

If a person no longer wants or needs their life insurance then why should they be denied the opportunity to receive a value greater than the cash surrender value but less then the death benefit?

Because the life settlement pays out more than a cash surrender, it is the better option.

Settlements are always higher than the cash surrender value of the policy but lower than the death benefit.

They will preserve a high quality of living by receiving a higher cash payout than the cash surrender value.

Did you know... You can sell all or a portion of your life insurance policy for an amount greater than the cash surrender value?

These companies may pay more than the cash surrender value.

A viatical settlement is the sale of a policy owner's existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit.

Many seniors hold policies that are worth more than their cash surrender value and they don't even know it.

The amount received from selling a policy will always be greater than the cash surrender value and less than the death benefit value.

A viatical or a life settlement is the transfer or sale of an existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit.

A life settlement is the sale of an existing life insurance policy to a third party for more than its cash surrender value but less than its net death benefit.

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.

Life insurance policies may be sold to institutional investors for a value greater than their cash surrender value.

A viatical settlement (from the Latin «viaticum»)[1] is the sale of a policy owner's existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit.

The sale of a policy can bring you roughly seven times more money than the cash surrender value of your policy.

The Life Insurance Settlement Association says a life settlement is the sale of an existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit.

Similar to the sale of your life insurance policy, viatical settlements, or life settlements, refer to the sale of your insurance policy to a third - party for more than the cash surrender value but less than the death benefit (based on life expectancy).

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.

In the early going, your total cash value may be higher than your cash surrender value due to the surrender charge imposed by the insurer.

A life settlement is the result of selling your existing life insurance policy for more than its cash surrender value, but less than its net death benefit.

A life settlement is typically the sale of an existing life insurance policy for more than its cash surrender value (if there is one) but less than its net death benefit.

If your policy has a cash value, you should make sure to receive more than the cash surrender value of your policy if you enter into a life settlement contract.

Typically a Life Settlement broker can sell your policy to investors for a much higher price than the cash surrender value paid by the insurer.

If the single premium is less than the cash surrender value, the policy will not pass the CVAT and won't qualify as life insurance.

Many term policy holders age 70 or older may be able to «sell» their term policies for cash and permanent insurance policy holders may be able to get more money than their cash surrender value.

Not exact matches

In no case, except due to an adjustment to reflect a stock split or other event referred to under «Adjustments» below, and except for any repricing that may be approved by shareholders, will the plan administrator (1) amend an outstanding stock option or stock appreciation right to reduce the exercise price or base price of the award, (2) cancel, exchange, or surrender an outstanding stock option or stock appreciation right in exchange for cash or other awards for the purpose of repricing the award, (3) cancel, exchange, or surrender an outstanding stock option or stock appreciation right in exchange for an option or stock appreciation right with an exercise or base price that is less than the exercise or base price of the original award, or (4) take any other action that is treated as a repricing under U.S. generally accepted accounting principles.

But the net effect is that you will usually net a larger amount of cash than you would by surrendering your policy.

The net cash value will generally be lower than your total accumulated cash value for the first several years of coverage as it's reduced by fees and surrender charges.

In no case (except due to an adjustment to reflect a stock split or other event referred to under «Adjustments» below, and except for any repricing that may be approved by shareholders) will the plan administrator (1) amend an outstanding stock option or stock appreciation right to reduce the exercise price or base price of the award, (2) cancel, exchange, or surrender an outstanding stock option or stock appreciation right in exchange for cash or other awards for the purpose of repricing the award, or (3) cancel, exchange, or surrender an outstanding stock option or stock appreciation right in exchange for an option or stock appreciation right with an exercise or base price that is less than the exercise or base price of the original award.

You wouldn't owe any taxes if the life insurance policy's cash surrender value was less than the amount you had already paid in premiums.

However, if the cash surrender value was greater than the amount paid in premiums, the difference would be taxable as income.

These policies all generally have a cash value component, which is essentially the surrender value of the policy (if you give it up before its maturity or your death), and is the primary reason permanent life insurance policies are more expensive than term policies.

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 Value.

You can surrender a non-term life insurance policy and receive its surrender value, which may be substantially less than its cash value.

The net cash value will generally be lower than your total accumulated cash value for the first several years of coverage as it's reduced by fees and surrender charges.

If you surrender a life insurance policy for cash, you must include in income any proceeds that are more than the cost of the life insurance policy.

You receive what remains, but you no longer have life insurance if you surrender and cancel the policy rather than just accessing the cash in the account.

Immediately after you buy an annuity, the cash surrender value is less than the amount paid for it, so this approach would result in a smaller amount of taxable income when you convert the IRA.

These policies all generally have a cash value component, which is essentially the surrender value of the policy (if you give it up before its maturity or your death), and is the primary reason permanent life insurance policies are more expensive than term policies.

As term to 100 does not have any cash values, premiums are typically less expensive than other permanent products that do have cash surrender values, such as whole life insurance.

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.

2 The adjusted total premium is the initial single premium plus any underwritten increases, less any partial surrenders and any applicable surrender charges in excess of policy gain and any loans and accrued loan interest, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value.

(Some late shopping advice: if you're going to buy a whole life policy, avoid those that don't permit any cash value to be withdrawn in the first years, as well as policies with long - than - average surrender fee periods.)

If you're looking at canceling your whole life policy just to get at the cash value it contains, then you should know that there are more options available to you than simply surrendering the policy.

Those that specialize in life settlements (also known as viatical settlements) will be happy to buy your policy at a price that is usually much better than the price the insurance company is willing to give you (the cash surrender value).

Rather than surrender your life insurance policy for the cash surrender value, there is a market available that allows you to sell your life insurance policy for cash, for potentially greater amounts of money than had you chosen to surrender the policy to the life insurance company.

Second, if a policy lapses or is surrendered with an outstanding loan, and the amount of the loan plus the cash surrender value is more than the sum of premiums paid, the excess will be taxable.