Sentences with phrase «universal life policy»

If you are over age 55 you could qualify for their guaranteed universal life policy with coverage amounts up to $ 1 million.

A characteristic of equity index, universal, adjustable, and variable universal life policies in which the premium is estimated but not guaranteed.

An indexed universal life policy with a «premium guarantee» rider is often a better alternative to whole life insurance.

If I may, I'd like to give my true and honest assessment of indexed universal life policies.

This type of universal life policy allows you to manage different types of mutual funds directly through what's called «separate accounts» with the cash value that your policy has built..

As a matter of fact, I will discuss the basic features of one of these indexed universal life policies in particular.

The variable universal life policies offer all the same benefits as regular universal life, in addition to more than 60 different investment options for the policy's cash account.

Other types of life insurance such as universal life policies, discussed above, offer flexible premium plans that may be more appropriate for those who need it.

Also, many guaranteed universal life policies do not have, or have limited cash value — something that people look forward to with permanent life insurance.

One is a no - lapse universal life policy with guaranteed premiums and death benefits.

Like some other permanent life insurance options, a variable universal life policy allows you to withdraw funds or take out a loan against the cash value.

A guaranteed universal life policy also offers permanent life insurance, without the high risk of a variable life policy.

Most universal life policies come with an option to take a loan on certain values associated with the policy.

This is a flexible premium universal life policy providing choices for cash accumulation option.

The trustee of a trust that owned a flexible - premium universal life policy asked me to recommend a premium schedule to follow.

This may give you greater potential for growth compared to traditional universal life policies, where the interest rate is declared by the insurance company, particularly in a low - interest rate environment.

To be honest, the less expensive of the two is a guaranteed universal life policy which would cost him about $ 450 per month.

A variable universal life policy gives the insured the responsibility of choosing investment products with the accumulated cash value.

Common types of universal life policies include flexible premium adjustable life, guaranteed universal life, equity indexed life and variable universal life.

How many times have I talked about the problem with agents selling and customers buying universal life policies based on the projected side of the illustration rather than the guaranteed side.

That third policy may also be one they choose to do a conversion on to have a small universal life policy that goes on forever.

Unfortunately, many universal life policies from the 1980s had cash value projections that were too optimistic for the future.

We are looking to convert a portion of it to a permanent universal life policy.

Look to universal life policies if you'd like the investment to potentially increase the death benefit.

More costly than whole life or universal life policies because of their shorter time frame, endowment policies are sometimes used as a way of paying for young people's college tuition.

If you ask any two people what they think about universal life policies, you are likely to receive very different answers.

Most universal life policies come with an option to withdraw cash values rather than take a loan.

This can allow the cash value to grow more than that of a regular universal life policy, yet without the worry of loss.

In contrast, more flexible universal life policies allow for premium adjustments over time.

Additionally, most annual renewable term policies offer a conversion feature that allows you to exchange a term policy for a whole life or universal life policy without proof of health.

Furthermore, coverage amounts and premium payments can be adjusted throughout the policy much like a standard universal life policy.

This cash value component is what makes an indexed universal life insurance policy different from other universal life policies.

The key advantage of the conversion option is that when exercised, the new universal life policy will be issued at the same underwriting class as your existing term.

Most universal life policies pay a minimum guaranteed rate of return.

Learn how universal life policies provide flexibility for premium, account value, and death benefit.

I have basic life insurance and a group universal life policy through my employer.

It is possible to structure many universal life policies so that the invested cash value will eventually cover the premiums.

Whole life policies are more conservative and generally offer more cash value while universal life policies may have no cash value, but can be much less expensive.

North American Company offers some of the best universal life policies available, including indexed universal life.

He was looking for a policy to replace his existing universal life policy.

Don't take your own universal life policies for granted and if your parents have life insurance policies, dig them out and review them.

Variable universal life policies tend be more expensive than most types of life insurance, but no other life insurance policy offers such functionality.

And in instances where you do need permanent coverage, look into buying a no - lapse guarantee universal life policy instead of a whole life policy.

Within universal life policies, there is a cash component as well as an insurance component.

However, a variable universal life policy puts greater responsibility on you.

A term policy or a guaranteed universal life policy makes sense as whole life insurance will likely be too expensive.

As with other permanent life contracts, the cash value within a variable universal life policy grows tax - deferred and is available through a policy loan while the policyholder is alive.

Generally universal life policies work best when they are well funded, meaning you have a lot of cash to put into the policy.