Sentences with phrase «universal life contract»

This new product combines the best features of life insurance and long - term care into one design; it is typically sold as a universal life contract that requires a single premium and that funds an accelerated death benefit rider to pay out long - term care benefits if needed.

The cash value is guaranteed to accrue at a certain rate in a whole life insurance policy as long as the illustrated premium payments are made, but not necessarily with a universal life or variable universal life contract.

A universal life contract provides access to cash value accumulation like that of a whole life policy; however, cash value within a universal life policy includes a guaranteed minimum interest rate plus an additional interest payment if and when the life insurance carrier experiences higher returns on its own investments.

Under a variable universal life contract, policyholders have numerous investment subaccounts available to them like they do with variable life policies but also have the flexibility in premium payments and frequency offered by universal life policies.

You can also structure a Georgian universal life contract in various ways.

If the policy performs well and policy costs stay low, it's very possible that over the lifetime of a universal life contract, that substantially less premium may be paid into the contract than in the case of whole life.

After the initial term has expired, the premiums will increase mightily, so if you need coverage longer, you might consider a 30 year term or guaranteed universal life contract as an alternative.

The prospectus, which contains this and other information about the variable annuity and variable universal life contract and the underlying investment options, can be obtained from your financial professional.

Lincoln Benefit Life Company (LBL) is notifying variable life contract owners of an upcoming fund closure and liquidation on TotalAccumulator variable universal life contracts.

Many universal life contracts taken out in the high interest periods of the 1970s and 1980s faced this situation and lapsed when the premiums paid were not enough to cover the cost of insurance.

Not all universal life contracts have this sort of guarantee.

They are guaranteed universal life contracts to age 121, and build little to no cash value.

In addition to the potential for higher earnings on cash value balances, policyholders of universal life contracts have flexibility in terms of the level of total death benefit, premium amounts paid and payment frequency.

Policyholders of variable life pay similar premiums as those who hold universal life contracts.

Not exact matches

In addition to the $ 38 million increase in reserves related to group annuity contracts, Brighthouse incurred $ 53 million in «unfavorable reserve adjustments» connected to the company's universal life with secondary guarantees business.

Whole life insurance is another form of permanent insurance, like universal, but has a higher level of guarantees and cash growth within the contract.

«Mutual in one another's love and wrath all renewing We live as One Man; for contracting our infinite senses We behold multitude, or expanding we behold as one, As One Man all the Universal Family, and that One Man We call Jesus the Christ...» (Jerusalem 38:16 - 20)

We see the possibility that human history will come to its end neither in a brotherhood of man nor in universal death under the blows of natural or man - made catastrophe, but in the gangrenous corruption of a social life in which every promise, contract, treaty and «word of honor» is given and accepted in deception and distrust.

Universal life insurance quotes online for contracts without a medical examination requirement, offer flexibility.

InnoVision is a full - featured, flexible universal life insurance contract you can customize to fit your current and future priorities, as well as your tax, wealth accumulation and estate planning goals.

Thus, in the same way that life insurance companies offer alternatives such as guaranteed universal life insurance, indexed universal life insurance OR variable life insurance, annuity contracts offer similar options.

Not only does the single premium option eliminate one of the core benefits of a universal life insurance policy — flexible payments — but you need to confirm if this policy will be a modified endowment contract.

Universal Life Insurance: A type of permanent life insurance that combines term life insurance and an investment feature into one contrLife Insurance: A type of permanent life insurance that combines term life insurance and an investment feature into one contrlife insurance that combines term life insurance and an investment feature into one contrlife insurance and an investment feature into one contract.

To fully understand annuities, the first important aspect to note is that, just like other insurance products, regardless whether we're talking about convertible term life insurance, whole life insurance, universal life insurance, etc., annuities are a contract between the policy owner and the insurance company.

However, with a universal life policy, you may be able to adjust your premiums - within the limits of your contract.

Those matters have arisen from almost every aspect of the development, pricing, marketing, underwriting, sale, administration and claims handling of whole, universal, variable and indexed life insurance, as well as variable, fixed and indexed annuity contracts and retirement products.

Premiums for Universal Life Insurance are normally high, especially in the early years of the contract.

Universal life has evolved over the years to include investment options and complex hedging strategies embedded into the contract.

Universal life insurance, also known as Flexible Premium Adjustable Life Insurance, has flexible premiums with a minimum and maximum payment option, while giving you the option to change the death benefit within certain guidelines set forth in the contrlife insurance, also known as Flexible Premium Adjustable Life Insurance, has flexible premiums with a minimum and maximum payment option, while giving you the option to change the death benefit within certain guidelines set forth in the contrLife Insurance, has flexible premiums with a minimum and maximum payment option, while giving you the option to change the death benefit within certain guidelines set forth in the contract.

Modified Endowment contracts (MEC) Modified Endowment Contracts (MEC) are the result of paying too much funding premium into a equity indexed universal life, variable universal life, or other adjustable life policy in too short a period of time (usually in the first contracts (MEC) Modified Endowment Contracts (MEC) are the result of paying too much funding premium into a equity indexed universal life, variable universal life, or other adjustable life policy in too short a period of time (usually in the first Contracts (MEC) are the result of paying too much funding premium into a equity indexed universal life, variable universal life, or other adjustable life policy in too short a period of time (usually in the first 7 years).

Separate Accounts (also known as sub-accounts) are various investment funds (e.g. stocks, bonds, equity funds, money market funds and bond funds) within a company's portfolio you can make use of under Variable Life Insurance and Variable Universal life Insurance contraLife Insurance and Variable Universal life Insurance contralife Insurance contracts.

The company's universal life policies are flexible - premium and adjustable - benefit contracts which accumulate cash value, while a whole life policy from Americo is typical life coverage.

However, with a universal life policy, you may be able to adjust your premiums - within the limits of your contract.

Variable Universal Life Insurance - A combination of the features of variable life insurance and universal life insurance under the same Universal Life Insurance - A combination of the features of variable life insurance and universal life insurance under the same contrLife Insurance - A combination of the features of variable life insurance and universal life insurance under the same contrlife insurance and universal life insurance under the same universal life insurance under the same contrlife insurance under the same contract.

For no - lapse universal life, that charge is guaranteed in the contract and can not increase, except possibly if the insurance company becomes insolvent.

Tax Deferred Growth - Variable Universal Life is tax deferred which compounds the growth of your cash value (withdrawals or surrenders of contract or cash values may be subject to tax).

Universal Life Insurance: A type of permanent life insurance that combines term life insurance and an investment feature into one contrLife Insurance: A type of permanent life insurance that combines term life insurance and an investment feature into one contrlife insurance that combines term life insurance and an investment feature into one contrlife insurance and an investment feature into one contract.

Waiver of monthly deduction - An optional life insurance policy rider that waives the monthly Cost of Insurance charges on a universal life or variable universal life policy for the length of a qualified disability as outlined in the policy contract.

For nonguaranteed universal life, however, the insurance company usually charges much less than the maximum rate that is guaranteed in the contract, and it has the right to increase the current rate.

The universal portion means that premiums are flexible and the components of the life insurance policy (death benefit, savings element and premium) can be altered throughout the contract.

However, universal life insurance policies will never go down, and certain whole life policies will actually increase over time due to the amount of cash growth inside the contract.

When an earnings rate is pegged to a financial index such as a stock, bond or other interest rate index, the policy is an «Indexed Universal Life» contract.

Whole life insurance is another form of permanent insurance, like universal, but has a higher level of guarantees and cash growth within the contract.

If your Universal Life Insurance policy says that you are covered until age 100, then the policy coverage lifespan will be contract specific.

From there, if there is a gain on the overall portfolio of the insurance company, the universal life polices get the excess added to their cash value account up to the max percentage amount listed in the contract.

With universal life, the insurance company sets a minimum interest rate based on the contracted agreement in the policy sold (usually a low 2 - 3 %).

American General's Lifetime GUL 3 is the most straightforward universal life insurance contract available, offering the benefits of a level death benefit and possibility of cash growth.

It should be mentioned that accessing cash value from a strict universal life insurance contract by of loan or withdrawal can greatly impact the latter years of the policy, even diminishing certain guarantees if the policy isn't funded as originally intended.

In addition, there are three other variable products, called the ISP Choice Variable Life, ISP 10 Express, and the Single Premium Variable Life, all which offer variations of the Variable Universal Life line to accumulate value tied to a market, while remaining inside of a life insurance contrLife, ISP 10 Express, and the Single Premium Variable Life, all which offer variations of the Variable Universal Life line to accumulate value tied to a market, while remaining inside of a life insurance contrLife, all which offer variations of the Variable Universal Life line to accumulate value tied to a market, while remaining inside of a life insurance contrLife line to accumulate value tied to a market, while remaining inside of a life insurance contrlife insurance contract.

As to Q5, there may also be a conversion provision in the existing policy allowing for an exchange into a different contract, such as Universal Life, with the same company and no new underwriting if not asking for more coverage — have to read the contract to know for sure.