Sentences with phrase «than the death benefit»

You can elect to purchase an amount equal to or less than the death benefit of the base policy.

The truth is life insurance can offer much more than death benefit protection.

This is a big reason why we urge our clients to focus on affordability rather than the death benefit.

A term plan also is beneficial and other than the death benefit, the other most important benefit it provides is peace of mind.

After all, if you lived just 10 years, you would have already paid more premiums into the policy than the death benefit is worth.

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

Our focus on these top whole life insurance companies is on the cash accumulation feature, more so than the death benefit.

This indexed universal life offering from Principal focuses more on cash value accumulation than death benefit.

What this means is that if one partner / spouse passes than the death benefit pays out.

The death benefit in an indexed universal life insurance policy is treated no differently than the death benefit in a term insurance policy.

All permanent life insurance policies provide a cash value feature that grows tax - deferred, but the cash value is different than the death benefit, or face value of the policy.

If kept long enough, the premium on this policy will increase faster than the death benefit.

The insurance company will never receive premiums that are equal to or greater than the death benefit.

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

Income Advantage is focused on cash value accumulation, rather than death benefit.

Standard term insurance has no «payout» other than a death benefit.

But whole life insurance is so much more than a death benefit.

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

Our focus on these top whole life insurance companies is on the cash accumulation feature, more so than the death benefit.

Further, a properly structured participating whole life policy will focus more on cash accumulation than death benefit, which allows for lower premiums and fees, and quicker cash accumulation.

If you want more than a death benefit from your life insurance policy and like the idea of a long - term savings account (not insured by any federal agency) or investment, you might consider cash value life insurance such as whole life insurance, universal life or variable life.

For Half - Yearly & Monthly Payment Mode — Death benefit amount is comparatively higher than the death benefit amount of the old version.

However, the cash value and the death benefit are not linked, as they are in a whole life policy, Thus, if the insured lives to the maturity date, anywhere from 95 to 121, the policy will pay the cash value to the insured as an endowment, but this may be significantly lower than the death benefit.

Life settlement investors buy life insurance policies for more than their surrender value but less than the death benefit of the policies, a strategy known as viatical settlement.

Pacific Indexed Accumulator (IUL) is designed for high cash value growth, rather than the death benefit protection.

Assuming the same LTC benefit, the death benefit on a life hybrid product would likely be higher than a death benefit on a linked - benefit product.

If you are buying a life insurance policy for anything other than the death benefit then a Single Premium Whole Life policy is probably not a good idea.

It will pay the benefit (sometimes a lesser amount than the death benefit) under certain specified conditions, such as a terminal disease (check your policy for exact conditions and the maximum amount paid).

As long as you don't «over commit» by purchasing a life insurance policy that you can't afford, you'll rarely reach the point of paying more into the policy than the death benefit received.

Luk says some entrepreneurs may go further and consider a universal life plan, in which the policyholder pays more into the policy than the death benefit requires.

In most states, if they take longer than 30 days to pay out, interest accrues on top of the amount they owe you, so you may receive MORE than the death benefit when you finally get paid

A viatical settlement happens when someone sells their policy for more than their current cash value, but less than the death benefit payout.

The thinking goes that after a long enough period of time, this investment will add up to a higher value than the cash value on a whole life policy, and over a really long time will grow to be larger than the death benefit.

I know that if I live to be 99, I will have paid a certain amount to the insurance company for a death benefit of AT LEAST a certain amount, and I know that I will not have paid more in than I get out (I am dealing with my dad's whole life insurance policies that he has where he would have to pay more for the premium to keep the policy going than the death benefit is worth [he would end up paying $ 250K in premiums for a $ 175K death benefit if he lived long enough]-RRB-.

So much so that more financial consumers say they would rather leave behind family photos (54 %) than a death benefit from a life insurance policy (49 %), according to a new survey from Life Happens.

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

Pacific Indexed Accumulator (IUL) is designed for high cash value growth, rather than the death benefit protection.

However, if you choose a plan for a reason other than the death benefit, make sure that you are certain you understand and can execute on the strategy behind your maximum funded life coverage policy.

If you die with more money than the death benefit, you will leave even more to your children (as long as you stay under the estate tax limit, which is about 11 million dollars per person, or 22 million for a couple).

If Surrender Value is higher than the Death Benefit then the Surrender Value will be paid on death of the Life Assured.

In case the Surrender Value is higher than the Death Benefit, then the Surrender Value is paid to the nominee.

With a viatical settlement, you purchase the whole policy (or at least part of it) for a price that is less than the death benefit of the policy.

When / if the primary insured dies during the life of the policy than the death benefit will be paid to the beneficiary.

So, well before my 82nd birthday I will have paid more than my death benefit to New York Life and if I die they don't give me the larger of the two numbers.

Sellers typically receive more than the policy's cash surrender value but far less than the death benefit.

The amount you receive will be greater than the policy's cash value and less than its death benefit.

While it can put stress on a loved one to try to handle burial planning and the associated costs during an emotional time, they'll be able to keep whatever remains of the payout if the total costs are less than your death benefit.