Sentences with phrase «value built up»

I have a whole life insurance policy with cash value built up so I was able to utilize those funds as well as savings from my pharmacy job.

Another advantage of the Survivorship life insurance policy, besides leaving money to heirs after both spouses die, is that when one spouse has died, if there is cash value built up in the Survivorship Life Policy, then the surviving spouse may be able to cash in on the cash value of the policy as needed.

When a term life insurance policy is canceled, there is no cash value built up and no return of premium.

You may have some cash value built up in the policy to help pay the medical bills, and if you die, the death benefit will cover the medical bills and give your family some much needed money to survive off of.

Also, do you have any cash value built up on the whole life policy that you might be able to apply to a paid up permanent policy?

I don't have much cash value built up as I had to withdraw money through the years.

Loan values are usually based on the amount of cash value built up in the policy.

With a term policy, there is only death benefit protection that is offered — and there is no cash value built up within the plan.

Thus with either death or endowment, the insurance company keeps any cash value built up over the years.

Also, at this point, you are actually paying $ 115.00 per month for a $ 55,000 policy since you have the cash value built up.

For example, if you lose your job and need money to make ends meet, if you have cash value built up in a whole life policy, then you can lend yourself money from your policy and pay it back when your financial picture improves.

Remember, the death benefit doesn't pay out until both policyholders have died, but one alternative is to have a policy where there's enough cash value built up after, say, five years to borrow from the policy and pay final expenses.

If you have had a whole life or universal life policy for greater than 12 months, there should be cash value built up to cover the payments for a while.

This generally costs nothing in transaction fees if you have at least the minimum account value built up.

Many policyowners who practice infinite banking or who have a life insurance retirement plan consider making use of the cash value they built up in their policy during their lifetimes.

If you are purchasing some sort of policy which has a cash value build up, make sure the increasing amount is covered, too.

Whole life insurance that is offered through New York Life allows policyholders to have benefit at death along with cash value build up that is allowed to grow on a tax deferred basis over time.

Permanent life insurance coverage offers both death benefit protection and a cash value build up.

The term insurance products that are offered by Foresters offer death benefit only, without any cash value build up.

With term life, there is death benefit protection only, with no cash value build up — and because of that, term life insurance can frequently cost less than a comparable permanent life insurance policy (all other factors being equal).

With a term life insurance policy, there is death benefit protection only, with no cash value build up.

That is because term life offers a death benefit, and no savings or cash value build up.

Variable universal life insurance is a type of permanent coverage that offers both a death benefit, as well as cash value build up.

Because the policy is a permanent life insurance policy, it will also have cash value build up.

With permanent life insurance policies, the policyholder receives both death benefit protection, and cash value build up.

Like whole life, a universal life (or UL) policy will have both death benefit coverage and tax deferred cash value build up.

No cash value builds up within the policy.

This is especially the case if you do not need the cash value build up that a permanent life insurance policy can provide.

Universal life provides a death benefit, and cash value build up, however, these policies are more flexible than whole life, as the policyholder may (within certain guidelines) alter the timing and the amount of the premium payment.

With permanent life insurance, there is both death benefit coverage, along with cash value build up.

Universal life insurance is type of flexible permanent life insurance offering the low - cost protection of term life insurance as well as a savings element (like whole life insurance), which is invested to provide a cash value build up.

This is because there is no cash value build up with this type of protection.

Permanent life insurance offers both death benefit protection and a cash value build up.

Because it is a permanent plan, this policy offers life insurance coverage, along with cash value build up.

With continuous coverage, there is both death benefit protection, as well as cash value build up.

In addition, cash value builds up, and you can access the cash through loans or surrender, depending on which you choose.

For example, just as with regular term coverage, a term life policy will provide a death benefit only, with no cash value build up.

Level Term Life Insurance USAA members can purchase level term life insurance for death benefit protection only, without any savings or cash value build up.

The Elite Index ll is another indexed universal life insurance plan that focuses more on cash value build up as versus the death benefit.

Waiver of Premium With some types of life insurance policies, after a period of time you will be able to stop making life insurance premiums once the value builds up.

A universal life insurance policy will also provide both death benefit protection and cash value build up.

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.

Permanent life insurance includes both death benefit protection and cash value build up.

One reason for this is because, unlike permanent life insurance policies, term life offers only death benefit protection, without any cash value build up.

Term life insurance provides death benefit protection only, without any cash value build up.

There are permanent life insurance policies, which means that they offer both death benefit protection and cash value build up.

As another form of permanent life insurance, universal life offers both death benefit protection and cash value build up.

American National's indexed universal life insurance products offer the same features as the company's regular universal life — such as death benefit and cash value build up — but they also offer this ability to earn an additional amount of return.

A fixed universal life insurance policy offers death benefit protection and cash value build up.

Both of these provide death benefit coverage and cash value build up.