Sentences with phrase «types of permanent life insurance policies increase»

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

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

Not exact matches

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.

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).

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.

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).

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.

Whole life insurance itself is a type of permanent life insurance, which means that the premium is set for the duration of the policy, and does not increase over time as is common with some other types of insurance (such as term life insurance).