Sentences with phrase «value after a certain number of years»

* All permanent policies can be surrendered for their current cash value after a certain number of years, at which point the insurer pays the accumulated cash value minus any loans and fees.

* All permanent policies can be surrendered for their current cash value after a certain number of years, at which point the insurer pays the accumulated cash value minus any loans and fees.

Not exact matches

However, permanent life insurance can be structured as an employee benefit, as the policy, and its cash value, can be transferred to the insured after a certain number of years or at a particular milestone.

Term insurance is cheaper but expires after a certain number of years; whole is more expensive but doesn't lapse and includes an interest - gaining cash value component.

However, if you'd prefer to have a policy that could provide the cash value * to pay off debts and don't want to worry about it expiring after a certain number of years, you may want to consider a permanent life insurance policy.

However, permanent life insurance can be structured as an employee benefit, as the policy, and its cash value, can be transferred to the insured after a certain number of years or at a particular milestone.

The Amulya Jeevan II Plan does not acquire any paid - up value after any number of years that is even if premiums are paid for a certain number of years, say three years, they need to be continued throughout the policy tenure as failure to do so results in policy lapse.

There is cash value attached to whole life insurance after a certain number of years, which the owner can avail of in times of need.

So, as on date, this feature is generally available only for traditional non-linked endowment based policies wherein after you pay a premium for a certain number of years (usually three), the policy acquires a surrender value.