Sentences with phrase «universal life contract as»

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.

Not exact matches

«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 - 2as 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 - 2as one, As One Man all the Universal Family, and that One Man We call Jesus the Christ...» (Jerusalem 38:16 - 2As One Man all the Universal Family, and that One Man We call Jesus the Christ...» (Jerusalem 38:16 - 20)

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.

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.

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.

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.

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.

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.

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.

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 surAs 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 suras 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.

The Non-Medical Universal Life policy is a flexible premium, adjustable benefit life insurance contract that offers both death benefit protection, as well as a cash value componLife policy is a flexible premium, adjustable benefit life insurance contract that offers both death benefit protection, as well as a cash value componlife insurance contract that offers both death benefit protection, as well as a cash value component.

National Western Life caters more to wealthy individuals as many of their product offerings are interest sensitive such as universal life, whole life and annuity contraLife caters more to wealthy individuals as many of their product offerings are interest sensitive such as universal life, whole life and annuity contralife, whole life and annuity contralife and annuity contracts.

As with other permanent life contracts, the cash value within a variable universal life policy grows tax - deferred and is available through a policy loan while the policyholder is alive.

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

Variable Universal Life A variable universal life policy is a type of contract you would purchase through a brokerage firm or insurance company that manages retirement assets as well as insurance, such as Vanguard, John Hancock, or Bankers Retirement SUniversal Life A variable universal life policy is a type of contract you would purchase through a brokerage firm or insurance company that manages retirement assets as well as insurance, such as Vanguard, John Hancock, or Bankers Retirement SolutiLife A variable universal life policy is a type of contract you would purchase through a brokerage firm or insurance company that manages retirement assets as well as insurance, such as Vanguard, John Hancock, or Bankers Retirement Suniversal life policy is a type of contract you would purchase through a brokerage firm or insurance company that manages retirement assets as well as insurance, such as Vanguard, John Hancock, or Bankers Retirement Solutilife policy is a type of contract you would purchase through a brokerage firm or insurance company that manages retirement assets as well as insurance, such as Vanguard, John Hancock, or Bankers Retirement Solutions.

This guaranteed period or «term» that a death benefit will be paid (only upon death of the insured) is the reason this kind of insurance policy is called «term life insurance», Other permanent types of insurance contracts also exist such as whole life insurance and universal life insurance, which will never expire as long as all premium payments are made in a timely manner to the insurance company.

As long as the policy is not a Modified Endowment Contract (MEC), or subject to a «force - out» for overfunding under IRC Section 7702B — which can be confirmed with the insurance company — withdrawals from a universal life policy are treated as a basis - first return of principal and are not taxable (until all basis has been recoveredAs long as the policy is not a Modified Endowment Contract (MEC), or subject to a «force - out» for overfunding under IRC Section 7702B — which can be confirmed with the insurance company — withdrawals from a universal life policy are treated as a basis - first return of principal and are not taxable (until all basis has been recoveredas the policy is not a Modified Endowment Contract (MEC), or subject to a «force - out» for overfunding under IRC Section 7702B — which can be confirmed with the insurance company — withdrawals from a universal life policy are treated as a basis - first return of principal and are not taxable (until all basis has been recoveredas a basis - first return of principal and are not taxable (until all basis has been recovered).

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.

Alternately, some universal life insurance contracts have cash value returns tied to an equity index such as the S&P 500.

A GUL, or guaranteed no - lapse universal life policy, is universal life coverage where the insurance company guarantees that your policy will never lapse as long as you continue paying the no - lapse target premium specified in the policy 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.

Unlike other permanent policies that terminate if there is no cash value, guaranteed universal life depends on a specified premium being paid as contracted for the coverage to remain in force, regardless of zero cash values.