Sentences with phrase «value component whereby»
In addition to the death benefit, whole life also offers the added cash value component whereby funds can grow and compound on a tax - deferred basis.
https://lifeinsuranceunited.com/ Not exact matches
Permanent life insurance policies also contain a cash value or investment component whereby funds are deposited and are allowed to grow on a tax - deferred basis.
Indexed universal life insurance is a form of universal life insurance whereby the return on the cash value component is determined in large part by the performance of an underlying market index such as the S&P 500.
But this amount can not exceed 40 per cent of the net asset value of those products, whereby the equity component exceeds 60 per cent.