Sentences with phrase «universal life contract in»

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

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

«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.

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.

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

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.

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

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.

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 %).

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.

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.

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 7 years).

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 frequencIn 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 frequencin terms of the level of total death benefit, premium amounts paid and payment frequency.

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.

In fact when variable universal life policies first became available in 1986, contract owners were able to make very high investments into their policies and received extraordinary tax benefitIn fact when variable universal life policies first became available in 1986, contract owners were able to make very high investments into their policies and received extraordinary tax benefitin 1986, contract owners were able to make very high investments into their policies and received extraordinary tax benefits.

A variable universal life insurance contract may be attractive to those clients willing to bear a little extra risk in their life insurance contract for the opportunity to have a higher cash value, over time, with market rate returns.

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.

The simple answer is that in most cases, a traditional whole life insurance policy is a better choice than a variable universal life insurance contract.

Specifically, West Coast Life provides term and term - like life insurance, which provide protection for a certain period of time, universal life insurance, which provides life - long insurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retiremLife provides term and term - like life insurance, which provide protection for a certain period of time, universal life insurance, which provides life - long insurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retiremlife insurance, which provide protection for a certain period of time, universal life insurance, which provides life - long insurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retiremlife insurance, which provides life - long insurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retiremlife - long insurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retiremLife Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retirement.

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 policy allows you to pay premiums in any amount and at any time, subject to certain minimums or maximums set forth in the contract.

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.

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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.