Sentences with phrase «universal life insurance contracts»

This means that whole life, universal life, and variable universal life insurance contracts all allow loans to be taken out.

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

Variable universal life insurance contracts contain surrender charge provisions.

Universal life insurance contracts have a flexible premium structure.

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 contracts.

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.

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.

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.

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.

If you want to buy a variable universal life insurance contract, make sure that you understand how it works and how to fund it properly so that it provides the most benefit to you and your family.

The life insurance charges within a universal life insurance contract are similar to a variable universal life insurance contract, priced like a permanent form of non level term life insurance.

A variable universal life insurance contract will have a grace period just like any other life insurance policy if insufficient cash value remains to pay for the cost of insurance.

Not exact matches

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

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

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 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 insurance that combines term life insurance and an investment feature into one contrlife insurance and an investment feature into one 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.

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 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 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 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.

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 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 insurance and universal life insurance under the same universal life insurance under the same contrlife insurance under the same insurance under the same contract.

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.

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 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 insurance that combines term life insurance and an investment feature into one contrlife insurance and an investment feature into one 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 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 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.

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 %).

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.

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.

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.

Variable universal life insurance coverage is a hybrid of universal life and variable 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 recovered).

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 reinsurance, 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 reinsurance, 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 reinsurance 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 reInsurance, 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 reinsurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retirement.

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.

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.

The whole life insurance policy is slightly different than the universal (flexible contract) or the variable (multiple accounts) policy.

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.

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