Sentences with phrase «type of permanent insurance policy»

Variable Universal Life (VUL) is defined as a type of permanent insurance policy, in which the cash value can be invested into different accounts consisting, for example, of stocks, bonds and mutual funds.

This is the most common type of permanent insurance policy.

However, in life insurance lingo, that's actually the technical name for a specific type of permanent insurance policy.

Cash value life insurance is a type of permanent insurance policy consisting of a «death benefit,» which is a standard part of all life insurance policies, as well as a cash value accumulation feature.

However, in life insurance lingo, that's actually the technical name for a specific type of permanent insurance policy.

Variable Universal Life (VUL) is defined as a type of permanent insurance policy, in which the cash value can be invested into different accounts consisting, for example, of stocks, bonds and mutual funds.

However, in life insurance lingo, that's actually the technical name for a specific type of permanent insurance policy.

Of the three main types of permanent insurance policies, whole (or ordinary) life provides the least flexibility, but the most predictable results and the lowest risk.

There are three common types of permanent insurance policies:

There are a number of different types of permanent insurance policies, such as whole (ordinary) life, universal life, variable life, and variable / universal life.

Yes, the types of permanent insurance policies - whole life and universal life - are designed to build cash value.

Not exact matches

There are several types of permanent life insurance policies.

A Guaranteed Universal Life (GUL) policy is arguably the simplest type of permanent life insurance.

Universal life insurance is a flexible type of permanent life insurance policy in which the death benefit and premiums can be adjusted as your circumstances change.

A policy that pays dividends is able to increase in value above and beyond the interest that other types of permanent life insurance policies accumulate.

Many types of permanent life insurance policies increase in value over time based on interest rates.

In later life stages, permanent life insurance may offer, depending on the type of policy, the opportunity to accumulate cash value on a tax - deferred accrual basis, money that can be used for diverse needs.

Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).

Term life insurance sample rates illustrate why this policy type is so affordable compared to other forms of permanent coverage with cash value.

Whole Life Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and witInsurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and witinsurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and witinsurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawals.

There are several types of permanent life insurance policies to choose from, each of which can be customized based on your goals.

Permanent life insurance, also called whole or ordinary life, is the most common type of permanenPermanent life insurance, also called whole or ordinary life, is the most common type of permanentpermanent policy.

Whole life insurance is a type of permanent life insurance policy that accumulates cash value over time.

The type of life insurance you have — term or permanent, and which specific type of permanent insurance — will largely affect the cost of the policy.

Whole life insurance is a type of permanent life insurance policy that provides coverage for your entire lifetime, as long as you pay your premiums.

is a type of permanent life insurance policy that provides coverage for your entire lifetime, as long as you pay your premiums.

Start the process by getting a term life insurance quote or you can contact us and we can talk through what type of life insurance is best for your needs, whether that's a term policy, a permanent policy, or owning multiple policies.

Once you know you want to provide benefits to your family upon your passing, and you have chosen to buy a permanent life insurance policy, the next decision you need to make is which type of permanent life insurance best suits your needs.

There are several types of permanent life insurance, but the two most common policy types offer the most options.

If you are considering permanent life insurance — such as whole life, universal life, or variable life insurance — you probably know that these types of policies provide both death benefits and cash value accumulation.

When looking into what type of life insurance to buy, you should consider a permanent policy.

Variable Universal Life (VUL) is another permanent life insurance type that offers similar features to other universal life policies, such as flexible allocation of premium payments.

For certain types of permanent life insurance policies, namely policies that pay dividends, the additional tax benefit of «tax free dividends» is available.

As with other types of permanent insurance, you can access the cash value account in an IUL policy via withdrawals and loans.

All types of permanent cash value policies typically have a specified cash surrender period that must lapse before you can completely withdraw the cash value in the policy without paying penalties to the life insurance company.

Although there are benefits to all types of coverage, and each policy has its place, in our opinion there is distinct advantages to permanent life insurance vs term life.

A type of permanent life insurance policy that allows you to modify your payment.

This type of permanent life insurance policy offers death benefit coverage with the potential to accumulate cash value.

There are essentially two main types of insurance policies — Term and Permanent.

When it comes to permanent life insurance, there are three types of insurance policies — whole, universal and variable.

Much like Universal Life, Variable Life insurance is a type of Permanent Life insurance that affords the purchaser more flexibility than a traditional Whole Life insurance policy.

Some types of permanent life insurance policies, such as whole life insurance, can offer many benefits that are distinct from term life plans.

There are various different types of policies to choose from, but there are two main types of life insurance — term life and permanent life.

Among the various types of permanent life insurance, the type that is most like a term life (temporary) policy is known as «guaranteed universal life insurance» or «GUL».

Cash value can accumulate within a policy in a number of ways and the formula used will dictate the type of permanent life insurance policy.

As perhaps one of the most popular types of permanent life insurance, whole life, also known as ordinary life insurance, is a policy that provides lifelong coverage and will only come to an end after the death of the insured.

A policy that pays dividends is able to increase in value above and beyond the interest that other types of permanent life insurance policies accumulate.

A Guaranteed Universal Life (GUL) policy is arguably the simplest type of permanent life insurance.

In reality, most people who are seriously considering a guaranteed universal life policy for securing a permanent death benefit should probably forget about the other types of universal life insurance and focus on a comparison with traditional whole life insurance.

Flexible Premium Policy: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium payPolicy: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium paypolicy in which the policy owner may vary the amount or timing of premium paypolicy owner may vary the amount or timing of premium payments.