Sentences with phrase «universal life insurance policyholders»

In addition to paying required premiums, universal life insurance policyholders can also pay in additional funds to increase the cash value of the policy.

In deciding how much of the premium will go towards the cash value and the death benefit, a universal life insurance policyholder will oftentimes be able actually to move funds between the two sections of the policy.

Not exact matches

Also, as permanent insurance, the cash value account in universal life grows tax - deferred and can be accessed by the policyholder in the form of loans or withdrawals, subject to any applicable policy provisions.

Universal Life Insurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the caUniversal Life Insurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash vaLife Insurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the caInsurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cauniversal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash valife insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cainsurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash value.

A unique feature of universal life insurance is it gives policyholders a surprising amount of flexibility with the premium payments and death benefit.

Unlike term life insurance, which only covers a policyholder for a certain number of years, universal life insurance continues to cover a person thought their entire life, even in those later years as he becomes a larger and larger investment risk for the company.

The big difference between universal life insurance and a whole life policy, is that with universal life the premiums can be paid as the policyholder desires, as long as sufficient cash values are present to pay of the cost of insurance.

This statistic leads me to believe that it only takes about three years before the term insurance policyholder realized they made a mistake and converted the policy to permanent insurance like indexed universal life.

Term life insurance awards a fixed amount of money at the death of the policyholder, and universal life insurance policies offer this as an option.

A universal life insurance policy is similar to a Whole Life policy, with the exception of less policyholder participation in how the premiums are invested in money market fulife insurance policy is similar to a Whole Life policy, with the exception of less policyholder participation in how the premiums are invested in money market fuLife policy, with the exception of less policyholder participation in how the premiums are invested in money market funds.

Unlike whole life insurance, universal life insurance allows the policyholder to use the interest from his accumulated savings to help pay premiums over time.

Unlike Whole Life Insurance, with Universal Life Insurance all the financial operations are transparently disclosed to the policyholder.

Both the indexed universal life insurance and the term life insurance policies typically include an accelerated death benefit so that a large portion of the death benefit can be paid to the policyholder in the event of a terminal illness.

A universal life insurance policy, also known as a permanent policy, is a flexible type of life insurance that allows the policyholder to adjust the premium and amount of coverage.

Whole life insurance and universal life insurance are more expensive options because they last for the entire lifetime of the policyholder in addition to having a savings component.

Similar to whole life insurance, universal life insurance offers the policyholder greater flexibility with regard to premium, payment, and use of savings and insurance benefits.

Universal life insurance is a type of life insurance policy that allows the policyholder to alter the policy in response to life changes, by merging the benefits of term life insurance with those of a savings account.

As with whole life insurance, the cash value in a universal life (or UL) policy can grow on a tax - deferred basis, and the money in this component of the policy may be withdrawn or borrowed by the policyholder for any reason.

In this case, policies can be converted to universal life insurance coverage — and if the policyholder opts to do this, the new universal life insurance policy will be issued at the same underwriting class as the existing term plan.

Guaranteed Universal life insurance policies may also be «customized» for the individual policyholder.

The fixed indexed universal life insurance policy allows the cash component to experience growth that is based on an underlying market index, such as the S&P 500 — yet, in times of a market downturn, the policyholder won't lose value in their cash component.

The big difference between universal life insurance and a term life policy, is that with universal life the premiums can be paid as the policyholder desires, as long as sufficient cash values are present to pay of the cost of insurance.

Universal life is similar, but structured so that policyholders pay more than their base insurance costs in order to build up a high - interest savings or investment account.

Variable Universal Life Insurance (VUL) is a permanent type of Life Insurance combining the essential features of Variable Life Insurance and Universal Life Insurance, thus allowing the policyholder to allocate premiums to different investment options, to build up cash value and to determine when and how much you invest in your policy.

All universal life insurance policies, private or public, offer important tax benefits for the policyholder, including:

A unique feature of universal life insurance is it gives policyholders a surprising amount of flexibility with the premium payments and death benefit.

With an indexed universal life insurance policy in particular, policyholders can see decent growth depending on the index that the interest rate is set against, and the minimum interest rate means that the risk is minimal if the market falls.

Universal life insurance in particular, with its varying premiums (thanks to policyholders being able to pay them with the cash value), adds an additional layer of complication.

However, the right choice between permanent insurance / cash - value insurance products (whole life, universal life, etc.) and term life insurance also depends in large part on the circumstances and mindset of the policyholder.

With greater flexibility than most insurance plans, universal life allows the policyholder to pay premiums at any time, in practically any amount.

Universal life insurance is also flexible in nature, in that the policyholder is allowed, within certain guidelines, to alter the timing of when the premium is due.

The Secure Lifetime GUL 3 is also a universal life insurance policy that provides the policyholder with a great deal of flexibility in both coverage and cash value build up.

Since a healthy sum of cash value in a variable life or variable universal life insurance policy is needed to pay the costs of keeping the policy in force, policyholders should choose their sub-account investments with extreme caution.

However, universal life insurance also offers a considerable amount of flexibility and benefits to the policyholder, like:

Universal life insurance coverage is somewhat more flexible in that the policyholder may — within certain guidelines — change the timing of the premium's due date.

Variable universal life is similar to universal life insurance plans — except variable allows the policyholder to have greater control of the cash value account.

One major draw of universal life insurance is that it allows the policyholder to do two important things: review and alter the policy as circumstances change and use the interest from accumulated savings to help pay premiums.

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

In addition, the policyholder of a universal life insurance policy may also be able to decide how much of their premium dollars will go towards the death benefit, and how much will go towards the cash value component of the policy.

The cash that is in a universal life insurance policy can be either borrowed or withdrawn by the policyholder for any reason — such as for paying off debt, funding a loved one's college education, or helping to supplement retirement income needs.

Indexed universal life policies put a portion of the policyholder's premium payments toward annual renewable term insurance with the remainder added to the cash value of the policy after fees are deducted.

Universal Life Insurance — With universal life insurance, the policyholder has death benefit coverage and caUniversal Life Insurance — With universal life insurance, the policyholder has death benefit coverage and cash vaLife Insurance — With universal life insurance, the policyholder has death benefit coverage and caInsurance — With universal life insurance, the policyholder has death benefit coverage and cauniversal life insurance, the policyholder has death benefit coverage and cash valife insurance, the policyholder has death benefit coverage and cainsurance, the policyholder has death benefit coverage and cash value.

Whole and universal life insurance are in place for the entire life of the policyholder.

A type of life insurance that allows the policyholder to change a term policy into a whole or universal policy without going through the health qualification process again.

Convertible Term Insurance allows the policyholder to change the face value of the term policy in force into a permanent form of Life Insurance, such as Whole Life, Universal Life or Variable Life, without any penalties or evidence of insurability.

Both whole and universal / unbundled life insurance are types of permanent life insurance and have a cash value component in which a portion of each premium payment is saved and invested on the policyholder's behalf.

Certain life insurance policies — such as universal life insurance — also allow policyholders to accumulate tax - deferred funds by investing the maximum allowable amount into the cash value portion of their insurance policy.

Thus, in addition to providing flexibility, universal / unbundled life insurance allows the policyholder to see exactly where his or her premium payments are going.

Variable Universal life insurance is similar to regular universal life insurance coverage, except in this case, the policyholder is allowed to invest the cash in their policy into different types of investments such as mutuUniversal life insurance is similar to regular universal life insurance coverage, except in this case, the policyholder is allowed to invest the cash in their policy into different types of investments such as mutuuniversal life insurance coverage, except in this case, the policyholder is allowed to invest the cash in their policy into different types of investments such as mutual funds.

A more flexible version of variable survivorship life insurance called «variable universal survivorship life insurance» allows the policyholder to adjust the policy's premiums and death benefit during the policy's life.