Sentences with phrase «value of the death benefits for»

Upon the policyholder's death, usually the insurer pays the face value of the death benefits for whole life insurance policies.

It is a «pure» life insurance simply because, you actually pay for the value of the death benefit for your family members in the form of either monthly or yearly premiums.

Not exact matches

Your death benefit would then be $ 125,000, even if your investments to decline in value for the rest of your life.

For example, a $ 50,000 whole life plan could grow to provide a death benefit of over $ 100,000 over the course of 30 or 40 years if it is allowed to keep growing in value.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

In a nutshell, while most whole life insurance is fixated on maximizing the death benefit of a policy and just allowing cash values to grow over time, strategic self banking focuses on maximizing life insurance cash values, so the whole life insurance plan can be used strategically as a savings and personal financing vehicle for the purpose of recapturing your cost of capital incurred when having to deal with third party lenders or using your own cash.

The additional coverage in excess of the Contract Value is only available to use for a qualified long - term care benefit and will not become part of the contract value or the death benValue is only available to use for a qualified long - term care benefit and will not become part of the contract value or the death benvalue or the death benefit.

With Legacy Lock IV, the death benefit value protected from withdrawals (Enhanced Return of Premium portion) terminates at age 90, and a traditional Return of Premium benefit is provided to age 95, reduced proportionately for all withdrawals.

Therefore, the primary value of a Gerber Life Grow - Up Plan is its initial death benefit, since it's sufficient to easily cover the costs of a funeral and counseling for family should your child pass away.

Payment for the face value of the insurance policy or death benefits, which your beneficiary or beneficiaries will receive after you pass away

Investment - grade is the type of life insurance that is optimized for death benefit performance, in contrast to high cash value life insurance.

This allows continuous compounding of your wealth, for you in terms of tax free accrual of cash value and for your loved ones in terms of an accruing death benefit.

In an indexed universal life policy (IUL), premiums are added to the cash value after subtracting for the cost of the death benefit and fees.

The business value protection rider allows owners to increase the death benefit as the value of the business increases, which may be suitable for buy - sell agreements and key person insurance.

This GUL policy often has one of the lowest premiums in the marketplace, making it an excellent choice when you are looking for permanent death benefit protection vs cash value accumulation.

Few, if any, investment options for the cash value that will eventually comprise all of the death benefit.

Fifteen years ago, Alex purchased a participating whole life policy for the purpose of accruing cash value, planning for college funding and also securing a permanent death benefit for his family.

Cash value life insurance refers to a type of life insurance that, in addition to paying out a death benefit to your beneficiary or beneficiaries upon your death, accumulates cash value inside the policy while you are alive, that you can use for whatever you please.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

Death Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments receDeath Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments reBenefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments rebenefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath, amounting to the difference between the initial premium paid and the cumulative income payments received.

However, one way a death benefit may be taxed is if you name your estate as the beneficiary or the total value of your estate is above the the federal estate tax exemption limit of $ 11,200,000 for an individual and $ 22,400,000 for couples.

a feature of certain debt instruments that allow for the estate of a deceased investor to «put back» or redeem that instrument without penalty; bonds that carry a survivor's option usually redeem for par value when the survivor's option is exercised; in either case the benefit of the survivor's option can not be realized unless the original investor in the asset has died; because investor mortality risk must be taken into account when underwriting assets that carry a survivor's option, these assets are more complex and expensive to issue; also known as a «death put»

You're entitled to go fishing (for eligibility requirements): A traditional fully underwritten whole life or universal life policy gives you coverage for life, pays out the insurance benefit upon your death and includes an investment component of accumulated cash value.

For example, a $ 50,000 whole life plan could grow to provide a death benefit of over $ 100,000 over the course of 30 or 40 years if it is allowed to keep growing in value.

Whole life requires the policy owner to pay a fixed monthly premium for the rest of their life, and upon death, the company will payout the face value of the policy (death benefit) to the beneficiary.

For DIAs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments received.

The cash value policy pays out a lump sum cash benefit upon the death of the insured for the benefit of the life insurance beneficiary.

All Asset - Care plans include a guaranteed death benefit, guaranteed cash value growth and access to 100 % of the death benefit for qualifying long - term care expenses.

If you're thinking of buying a cash value life insurance policy, ask your agent or company for a sales illustration, which is a computer projection of future premiums, cash values and death benefits based on the current dividend scale (whole life) or current interest rates and current costs of insurance (universal life).

One reason for this is because the policyholder is allowed, within certain guidelines, to determine how much of the premium will go towards the death benefit, and how much will go towards the cash value component.

This type of insurance is usually purchased by people who are looking for permanent coverage with a significant death benefit who are not that concerned with building up early cash value.

AXA's long - term care life insurance provides the benefits of life insurance, including cash value accumulation and a lump sum death benefit, combined with long - term care insurance to provide for the costs associated with LTC services.

There is no asset, there is no cash value, there is simply a predetermined death benefit for a temporary period of time such as 10, 20, 30 years and sometimes longer.

You should ask insurance agents for a detailed listing of cost breakdowns of both policies, including premiums, cash - surrender value, and death benefits.

7 Withdrawals reduce the death benefit and cash value and thereby diminish the ability of the cash value to serve as a source of funding for cost of insurance charges, which increase as you age.

The concept of selling your life insurance policy is known as a life settlement, this process involves selling your policy for an amount of cash that is less than your death benefit and more than the amount that is in your cash value account.

GOLD SERIES SAGE CHOICE SINGLE PREMIUM DEFERRED ANNUITY — PRODUCT OVERVIEW 6 Year Single Premium Deferred Annuity Issue Ages: 15 days — 90 years (age last birthday) Minimum Premium — $ 2,000 Maximum Premium — $ 500,000 per Owner Free Withdrawal Provision («Bailout Feature»): Included in the Contract Guaranteed Minimum Interest Rate: 2 % for the first 10 years and 3 % thereafter Contract Loan — Not Available for this product Free - Look Period — 30 days Death Benefit: Accumulation Value on the date of the Owner's dDeath Benefit: Accumulation Value on the date of the Owner's deathdeath.

Values for death benefits and premiums are usually determined at policy issue, for the life of the contract, and usually can not be altered after issue.

With Custom Advantage, the underwriting process can take between 1 to 6 weeks, but you have the benefits of being able to choose any face value (death benefits can be over $ 1 million) and paying lower premiums for comparable coverage.

A typical term policy gives you coverage for a specific period of time and when that time is up, if your family has not had to use the death benefit, the money that you have paid in is a sunk cost — no cash value, and no more insurance coverage.

Whole life insurance — a type of permanent policy — may be an option for people looking for a death benefit in addition to cash value that can be accessed while they are living.

You can elect for the death benefit to only pay out what has been accumulated in the cash value of the policy, which costs less than electing a fixed death benefit plus the cash value.

Because it offers flexibility and a cash value option, guaranteed universal life insurance offers policy holders many possible ways to put the cash value and death benefit to work for them, some of which include:

Thus, it is highly advisable to at least balance your unprotected stock trading account and CDs with a mix of qualified retirement accounts (although we don't often endorse these accounts for other reasons) AND cash value life insurance as a preferred asset protection vehicle due to its flexibility and death benefit.

In return for these premiums, the insurance company will provide a death benefit to a named beneficiary upon proof of the insured's death and a policy cash value.

A major part of the premium goes to fees for the first five years and a portion goes to maintaining the death benefit; over time, the fees portion decreases and more of the premium goes directly to funding the cash value.

It may allow you to receive more money than if you cancelled or surrendered the policy for its cash value, but less than the face value — or death benefit — of the policy.

If you need or want to stop paying premiums, you can use the cash value to continue your current insurance protection for a specified time or to provide a lesser amount of death benefit protection covering you for your lifetime.

Not many people are subject to an estate tax — it's only applicable for estates with a taxable value of $ 5.45 million, and Warren Buffett said in an interview that only 5,000 people would be subject to the estate tax in 2017 — but, since death benefits are almost always exempt from tax, it can be a great way to cover the estate tax and leave your money to your family.

Withdrawals and loans reduce the death benefit and cash value, thereby diminishing the ability of the cash value to serve as a source of funding for cost of insurance charges, which increase as you age.