Sentences with phrase «universal life insurance policy holder»

Typically, a universal life insurance policy holder is allowed to change — within certain limits — the death benefit, as well as the timing and the amount of their premium.

Typically, a universal life insurance policy holder may adjust — within certain limits — the death benefit amount, as well as the timing and the amount of their premium.

This created a massive population of universal life insurance policy holders that are now stuck with under performing policies and faced with a decision on how to not go without coverage.

This could mean that during periods of rising interest rates, universal life insurance policy holders may see their cash values increase at a rapid rate compared to those in whole life insurance policies.

Not exact matches

The company also has a combination life / long - term care option whereby a policy holder can use a universal policy as an alternative to purchasing a stand - alone long - term care insurance policy.

Universal life insurance, on the other hand, is a type of insurance that is more fluid since it combines term insurance with an investment in the money market as preferred by the policy holder or advised by the insurance company.

Guaranteed universal life insurance is an attractive option for many that bridges that gap of financial insecurity, allowing policy holders to lock in a guaranteed death benefit and premium payments while providing flexibility and stability for households.

Guaranteed universal life insurance is similar to whole life insurance because it is also considered a permanent policy, meaning it is supposed to last the entire life of the policy holder.

Because it offers flexibility and a cash value option, guaranteed universal life insurance offers policy holders many possible ways to put the cash value and death benefit to work for them, some of which include:

Most variable universal life insurance courses will allow a policy holder to choose either a level death benefit, or one that includes the account value.

Universal life insurance which is offered in a few different forms depending upon how the assets are invested and returns are offered to policy holders.

Overall, variable universal life insurance can provide policy holders with a number of different subaccount options — which can also include fixed option choices that have a minimum rate of interest.

In many ways, indexed universal life insurance works in a similar fashion as most other types of coverage in that the policy holder pays their premium, and the net premium is then applied to the actual life insurance death benefit.

As with other forms of permanent life insurance protection, the policy holder of an indexed universal life insurance policy may withdraw or borrow the funds for any reason — including the payoff of debts, the supplementing of retirement income, or even to buy a new car.

Also known as group universal life and group variable life, universal life insurance, is a policy that allows the holder to change the amount of coverage as the need for insurance changes.

This convertible term insurance can be made of use when the person insured is still at a young age where the insurance could still cater for small expense and premature death but as time comes everyone gets older, this convertible term insurance might not be enough to cater the long term needs of the insured so it is of best interest that the policy holder should convert their policy to a more permanent type of insurance such as Universal Life.

Therefore, once the insurance agreement is inked, the holder of any universal life policy is strictly forbidden by IRS rules from attempting to influence the investment decisions of the insurance company or its representatives.

Also, with universal life insurance coverage, the death benefit can be adjusted down or up (with evidence of insurability) in order meet the policy holder's needs as well.

An indexed universal life insurance policy gives the policy holder the opportunity to allocate cash value amounts to either a fixed account or an equity index account.

This will differ substantially from ownership of a whole life or a universal life insurance policy, where the underlying funds are typically chosen for the policy holder by the insurance carrier.

A universal life insurance policy is considered to be flexible, as the policy holder may — within certain guidelines — alter the premium payment amount and / or timing in order to fit in with his or her changing needs.

Universal life insurance can provide a great deal of flexibility in that the premium may be changed in order to adapt to the changing needs of the policy holder.

Overall, variable universal life insurance can provide policy holders with a number of different subaccount options — which can also include fixed option choices that have a minimum rate of interest.

Universal Life Insurance — Universal life insurance allows policy holders both death benefit and cash value — however, these policies are much more flexible than whole life in that policy holders can choose when to pay their premiums, as well as how much to Life Insurance — Universal life insurance allows policy holders both death benefit and cash value — however, these policies are much more flexible than whole life in that policy holders can choose when to pay their premiums, as well as how mucInsurance — Universal life insurance allows policy holders both death benefit and cash value — however, these policies are much more flexible than whole life in that policy holders can choose when to pay their premiums, as well as how much to life insurance allows policy holders both death benefit and cash value — however, these policies are much more flexible than whole life in that policy holders can choose when to pay their premiums, as well as how mucinsurance allows policy holders both death benefit and cash value — however, these policies are much more flexible than whole life in that policy holders can choose when to pay their premiums, as well as how much to life in that policy holders can choose when to pay their premiums, as well as how much to pay.

While there are a ton of different names for these plans (whole life insurance, universal life insurance, etc.), they all have a core similar to Indiana term life insurance but with a major difference in that the policy grows a cash values for the policy holder.

A universal life insurance policy will typically allow the policy holder to move funds between the insurance portion of the policy and the cash value component.

With a universal life insurance plan, the policy holder will be covered with a death benefit.

This can essentially provide the policy holder (or policy holders) with the benefits of universal life and long - term care insurance combined.

With universal life insurance, the amount and the frequency of the premium payments may be altered to meet the policy holder's needs (within certain guidelines).

A universal life insurance policy provides more flexibility than whole life in that both its death benefit and its premium may be changed (within certain guidelines) to meet the policy holder's changing needs over time.

With the regular universal life insurance policy, the policy holder will attain flexible premiums — which can allow them to change their payment based on their changing needs (within certain policy guidelines).

Because of this, indexed universal life insurance is used by many policy holders who are seeking higher potential growth (than that of whole life, or even CDs and money markets), yet with protection of principal.

Universal life insurance offers policy holders a great deal of flexibility in that they can choose — within certain parameters — when they make their premium payment, as well as how much of that payment is allocated to the death benefit and how much of it is allocated to the cash value component.

Likewise, the company's index universal life insurance policy also offers a fair amount of flexibility in that it, too, offers a long - term care policy rider, as well as a rider for living / accelerated death benefits if the policy holder so chooses.

Universal life insurance is more flexible than whole life, as the policy holder can alter the premium (based on certain guidelines) regarding due date and the amount.

There are many nice advantages that can be gained by owning a universal life insurance policy — including the fact that their holders have a great deal of flexibility regarding when and how much premium they pay (provided that there is enough cash in the cash value component to cover the cost of the policy's death benefit).

Universal life insurance which is offered in a few different forms depending upon how the assets are invested and returns are offered to policy holders.

** Guaranteed Universal is not permanent life insurance, but it's designed to outlast the policy holder's life.

A universal life insurance policy can help to meet the needs of policy holders wanting longer term life insurance coverage.

This gives the holder a lot of choice in determining which account is used, and also the flexibility of traditional universal life insurance policies in determining how much of a premium you pay.

As cash value builds in a whole or universal life insurance policy, policy holders can borrow against the accumulated funds.

This is the case even if the life insurance company is a mutual company based on how the universal policy holder's interest is calculated.

Universal Life Coverage This is one the latest insurance products being offered by insurance companies which provide greater flexibility in premium payment for the policy holders.

Universal Variable Life insurance offers more control on the cash value account of the policy holder.

Indexed universal life (IUL) is a type of permanent life insurance that allows policy holders to build a cash value.

A flexible universal policy is almost the same as whole life insurance but offers more flexibility for the policy holder.

For all of those policy holders with guaranteed products through American General, their term insurance products and their universal life products with external no lapse guarantees, the sale of the company will have virtually no impact other than who their premium checks are made out to.