Sentences with phrase «universal life contracts»

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.

Additionally, policyholders of universal life contracts have the option to select a fixed death benefit payout or an increasing death benefit payout for their beneficiaries.

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

This is your most basic universal life contract, and does require the exam to be purchased.

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

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.

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.

Additionally, there is the recent addition of indexed universal life contracts similar to equity - indexed annuities which credit interest linked to the positive movement of an index, such as the S&P 500, Russell 2000, and the Dow Jones.

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

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 can be structured with a death benefit guaranteed for a defined period of time or throughout your life (provided the required premiums are paid).

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.

When structuring a universal life contract to grow cash for distribution at some point in the future a bigger basis means that you can withdraw more money before taking out loans on the contract.

When structuring a universal life contract to grow cash for distribution at some point in the future a bigger basis means that you can withdraw more money before taking out loans on the contract.

He opened up his universal life contract in 2006, so as of the posting of this article, we had 6 years of history.

Another major difference between universal life and whole life insurances: the administrative expenses and cost of insurance within a universal life contract are transparent to the policy owner, whereas the assumptions the insurance company uses to determine the premium for a whole life insurance policy are not transparent.

Not all universal life contracts have this sort of guarantee.

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.

When structuring a universal life contract to grow cash for distribution at some point in the future a bigger basis means that you can withdraw more money before taking out loans on the contract.

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.

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.

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.

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.