Sentences with phrase «total cash value of the policy»

You can typically borrow funds from the total cash value of your policy.

You have the option, with cash value, to surrender your policy and withdraw the total cash value of your policy.

However, the situation is far more problematic in scenarios where the balance of the life insurance policy loan is approaching the cash value, or in the extreme actually equals the total cash value of the policy — the point at which the life insurance company will force the policy to lapse (so the insurance company can ensure full repayment before the loan collateral goes «underwater»).

You need to subtract the paid premiums with the total cash value of the policy and dividing the result with the total number of premiums paid on the policy.

Write down the total cash value of the policy as of this year.

Not exact matches

Of course, the policy's cash value changes over time and is lower than the total sum of the death benefit it provideOf course, the policy's cash value changes over time and is lower than the total sum of the death benefit it provideof the death benefit it provides.

Plus, if the total outstanding loan reaches the size of your policy's cash value, the policy will lapse.

In a similar fashion, if you have $ 50,000 of cash value in your policy, and you choose to get a $ 25,000 policy loan, the dividends paid to the policy will still grow on the total amount of $ 50,000.

With collision, you would only have to pay your deductible and, subject to your policy limits, we would pay the cost of repairs or actual cash value of the car if it's a total loss.

Even if your policy's cash value is zero, your coverage will continue as long as the total amount of premiums paid has met the cumulative minimum required premium test.

For those with a lot of extra cash to invest each year there is a limit to the amount you can pay into the policy (typically a percentage of the total policy value), this limit is known as the MEC (modified endowment contract) limit.

On top of the death benefit amount, this option allows any amount left in the policy fund to accumulate cash value and the total to be paid tax - free to the beneficiary.

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.

The cash value held in a life insurance policy is determined by subtracting the cost of insurance and other charges levied by the insurance company from the total amount of premiums paid plus any interest or capital appreciation earned on the cash value.

In the unfortunate event that your car is totaled or stolen, insurance policies typically only cover the replacement value, or «cash value» of the vehicle.

In this example, the present value of the death benefit exceeded the present value of the premium payments — i.e., the sum total of each year's discounted cash inflows / outflows is positive — and so the policy is sellable.

At issue was whether, in adjusting an at - fault total loss claim (a «write - off» of the vehicle), insurers could continue the standard practice of subtracting the amount of the deductible under the insured's policy from the actual cash value paid to the insured, when the insurer retained title to the salvage (the «totalled» car).

Total Cash Value In whole life insurance, Total Cash Value generally consists of the policy's Guaranteed Cash Value, if all premiums due have been paid; the cash value of any Paid - Up Additional Insurance; or any Dividend AccumulatiCash Value In whole life insurance, Total Cash Value generally consists of the policy's Guaranteed Cash Value, if all premiums due have been paid; the cash value of any Paid - Up Additional Insurance; or any Dividend AccumulatValue In whole life insurance, Total Cash Value generally consists of the policy's Guaranteed Cash Value, if all premiums due have been paid; the cash value of any Paid - Up Additional Insurance; or any Dividend AccumulatiCash Value generally consists of the policy's Guaranteed Cash Value, if all premiums due have been paid; the cash value of any Paid - Up Additional Insurance; or any Dividend AccumulatValue generally consists of the policy's Guaranteed Cash Value, if all premiums due have been paid; the cash value of any Paid - Up Additional Insurance; or any Dividend AccumulatiCash Value, if all premiums due have been paid; the cash value of any Paid - Up Additional Insurance; or any Dividend AccumulatValue, if all premiums due have been paid; the cash value of any Paid - Up Additional Insurance; or any Dividend Accumulaticash value of any Paid - Up Additional Insurance; or any Dividend Accumulatvalue of any Paid - Up Additional Insurance; or any Dividend Accumulations.

For variable products, the Cash Value includes the total value of the policy's interest in the Separate Account plus any amount in any fixed account optValue includes the total value of the policy's interest in the Separate Account plus any amount in any fixed account optvalue of the policy's interest in the Separate Account plus any amount in any fixed account options.

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.

Gap Insurance is a type of Auto Insurance policy that offers coverage for the difference (gap) between a car's actual cash value that your insurance company pays when your car is totaled or stolen and the amount the insured person owes the finance company.

After 25 years, Gerber promises that the cash value of the policy will be at least equal or greater than the total amount of premiums paid up until that point.

Net Amount of Insurance at Risk The difference between a life insurance policy's total face amount and the policy's cash value.

This cash can be used to purchase additional life insurance (paid - up additions) that increases both the total death benefit and cash value of your life insurance policy.

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.

Accessing the cash value of a policy will reduce the total cash value and total death benefit.

At the end of the level premium period, the cash value of the in - force policy equals the total of cumulative premiums paid, less any charges for substandard ratings and riders.

If the vehicle is totaled in an accident, the policy will pay a cash value based on the age of the car, mileage and book value.

Plus, if the total outstanding loan reaches the size of your policy's cash value, the policy will lapse.

The accumulated total of the amount set aside is called the «cash value» of your policy.

It is normal for the cash value to be less than the total premiums paid for the first 10 years of the policy.

For those with a lot of extra cash to invest each year, there is a limit to the amount you can pay into the policy (typically a percentage of the total policy value).

But if you are ever unfortunate enough to experience a total loss due to accident or theft, most standard insurance policies pay the actual cash value of the car at the time of the incident.

An important note to consider is that insurance policies only cover the actual cash value of a vehicle if it is totaled or stolen.

Standard comprehensive and collision car insurance policies help pay for the replacement of your vehicle if it's a covered total loss — up to the limits of your policy and the car's actual cash value.

Your comprehensive policy would pay (after the deductible) for repair costs or reimburse you for the actual cash value of the car if your insurance adjusters say it's a total loss.

With collision, you would only have to pay your deductible and, subject to your policy limits, we would pay the cost of repairs or actual cash value of the car if it's a total loss.

The cash value portion is non-taxable so long as it does not exceed the amount of total premiums you paid (the cost basis) when you cash in a portion or surrender the policy.

* For a variable life insurance policies, if you withdraw a greater amount of cash value than the total amount you've paid in premiums, you pay taxes on the difference.

Policy loans are normally allowed in unlimited dollar amounts and unlimited frequency for all policy types up to a maximum percentage of the total cash Policy loans are normally allowed in unlimited dollar amounts and unlimited frequency for all policy types up to a maximum percentage of the total cash policy types up to a maximum percentage of the total cash value.

If the policy only has a small cash value, even high market returns will not create a lot of total dollar growth in the policy.

However, when you consider the significant amount of cash in your cash value account along with the interest that has been credited, your total cash value has grown to $ 750,000, the policy is really only insuring $ 250,000.

Also, if you take a partial withdrawal from the cash value of your policy in an amount greater than your total premiums, the withdrawal in excess of your total premiums is considered taxable income.

You should base your decision on your capability to deal with market alterations, how you are planning to use the cash value of the policy, and the total of all assets in your financial portfolio.

Under federal law, an individual can choose to protect a total of up to $ 10,775 of the cash value accumulated in a life insurance policy.

It is important to also remember that, depending on the portion of premium assigned to each type of policy, your cash value may never equal your total outlay.

There are two primary types of insurance coverage in which renters can choose from: actual cash value (ACV) policies, or total replacement cost versions.

Whether the policy has a replacement cost or actual cash value valuation, in the event of a total loss, the policy deductible applies.

When a vehicle is totaled, a standard auto insurance comprehensive policy will issue a check to the policy holder for the actual cash value (ACV) of the vehicle, a number which represents the insurance company's closest assessment of its market value had it been sold on the day of the loss claim.

Cash Value is the total amount of money the policy owner is entitled to receive if the insurance has been canceled and returned to the company.