Sentences with phrase «value of the policy equals»

Endowment life insurance is a policy with the cash value of the policy equaling the death benefit.

For example, the initial face amount of coverage of a $ 200,000 decreasing term life insurance policy decreases by $ 20,000 each year, until after 10 years the face value of the policy equals zero.

Not exact matches

And if you take a loan that is equal to the cash value of the policy, the insurance company will force the policy to lapse and you will be hit with a large tax bill.

Pursuant to the policy, as revised in February 2009, at each annual meeting of our stockholders, provided that the director has served on the Board for at least six months prior to the annual meeting, a non-employee director would be granted RSUs having a value equal to $ 225,000 divided by the lesser of (i) the trailing average closing trading prices of our common stock for the 180 - day period preceding and ending with the date of the RSU grant or (ii) such number of RSUs as the Board may determine based on additional criteria such as business conditions and / or company performance, outside director compensation practices at peer companies and advice from outside compensation consultants.

Prior to February 2009, the policy provided that at each annual meeting of our stockholders, provided that the director had served on the Board for at least six months prior to the annual meeting, a non-employee director would be granted RSUs having a value equal to $ 225,000 divided by the trailing average closing trading prices of our common stock for the 180 - day period preceding and ending with the date of the RSU grant.

In addition to the non-employee director compensation policy, in connection with this offering, we adopted a director stock ownership policy encouraging non-employee directors to hold shares of our Class A common stock with a value equal to at least one times the fair value of the director's annual equity award.

In addition, in connection with this offering, we adopted an executive stock ownership policy encouraging Mr. Garutti and Mr. Uttz to hold shares of our common stock with a value equal to two and one times each of their annual base salaries, respectively.

In addition, we intend to adopt an executive stock ownership policy encouraging Mr. Garutti and Mr. Uttz to hold shares of our common stock with a value equal to two and one times each of their annual base salaries, respectively.

In addition to the non-employee director compensation policy, we intend to adopt a director stock ownership policy encouraging non-employee directors to hold shares of our Class A common stock with a value equal to at least one times the fair value of the director's annual equity award.

You will receive tax receipts based on the present value of a paid - up policy or equal to the insurance premiums you pay for the policy.

A portion of your premium pays for life insurance coverage equal to the face value of the policy.

We simply can not afford to formulate public policy on the assumption that all living relationships are of equal value to society.

Today the cost of growth, at least of the growth that is attained by present policies, equals or exceeds the value of the growth itself.

The impossibility of comparison may exist in some cases, but incommensurability fails to justify the ethics behind the ranking of values in policy matters; without compromise, the valuation of equal human welfare ought to be the chief concern in politics.

Councilmember Lander said the district needed someone like Sikora who would «fight for progressive values in government, try to win a more equal city, address the challenges of climate change, make sure the rights of workers are respected, address the issues of health care on the policy level, and fight in the neighborhoods to improve our schools and make them better.»

Denver and other Colorado school districts should be capitalizing on the benefits of socio - economic integration for all students by supporting similar policies that ensure equal access to quality schools for all students regardless of their family income or value of their home.

Upon reaching the target age, the whole life cash value equals the target face amount of the policy.

As in starting any other business, the cash value may not equal initial deposits for some time, however this will catch up as the policy is funded, with the help of paid - up additions.

If, however you live longer than the period of coverage, you receive the policy's face value which, at that point, would equal its cash value.

A portion of your premium pays for life insurance coverage equal to the face value of the policy.

If your policy covers the replacement cost value, then you'll receive an amount equal to the value of the unit when it was first purchased — including inflation.

The cash value of your policy typically isn't equal to its actual surrender value for the first 10 to 15 years of coverage.

A synthetic «sale» of an annuity can be accomplished by borrowing an amount equal to the value of the annuity and buying a life insurance policy.

Universal life insurance structured under Option B is designed so that proceeds of the policy rise in value over time and equal the death benefit plus the cash value.

If the beneficiaries aren't from this group of people then you will either have to pay an amount equal to the cash out value to keep the policy or your trustee will cash it out to recover the money for your creditors.

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).

If the policy is fully paid up, your deduction equals the cost or replacement value of a new policy with comparable benefits.

I believe they would, however, do well to invest in green companies that make a compelling case for their financial commitment over an investment of equal economic value if everything else considered is the same besides their respective environmental policies.

The cash value accumulation generally does not equal the amount of death benefits and premiums are more expensive than other equivalent standard life insurance policies.

Since the sum of the net amount at risk and the legal reserve equals the face value of the policy, the net amount at risk and the legal reserve are inversely proportional.

Assurity found that the whole life policy's cash value had a non-taxable gain of $ 106,439 which equaled an average 5.60 % internal rate of return every year from inception.

For a variable universal life or variable annuity policy, the accumulation value is equal to the sum of the amounts in the Separate Account, the Fixed Account and the Dollar Cost Averaging Advantage Account (if available) on that date.

The policy also provides cash value accumulation which grows over the life of the policy and should equal the death benefits at age 100.

The policies are typically equal to the value of the ownership stake they each have in the business.

It takes several years, with interest rates at historic lows in 2016, to reach a breakeven point, when total premiums paid equals the cash surrender value of the policy.

Because there is no cash value includes with a term insurance policy, the premium that is charged will oftentimes be less than that of a permanent insurance policy — all other factors being equal.

Many homeowners policies include personal property coverage equal to a percentage of the insured value of your home's physical structure, explains Baecker.

Like «period certain» payouts, «amount certain» benefits pay out in equal amounts until the face value of the original policy has been exhausted.

He funded the policy with $ 17,000, and his current account value at that time was $ 15,828, minus the surrender charge (which equaled a net surrender value of $ 14,652).

Amount paid is equals to the Total Fund Value in the account on maturity of the policy.

A portion of your premium payment goes to pay for the actual whole life insurance coverage that is an amount equal to the face value of the policy.

Endow A policy will endow when the whole life or «endowment» policy's cash value is equal to the death benefit of the policy.

After 25 years, Gerber promises that the cash value of the policy will be at least equal or greater than the total amount of premiums paid up until that point.

When the insurance commences, the value of the insurance coverage must equal the capital outstanding on the repayment mortgage and the policy's termination date must be the same as the date scheduled for the final payment on the repayment mortgage.

Upon the death of the insured person the Life Insurance beneficiary gets the death benefit equal to the face value of the policy, which is free of income tax.

It is best to do this in the first year of the policy as the gift amount is equal to the premiums paid, and after the first year the value of a life insurance policy gets more complicated to calculate.

In this example, LIC's surrender value is appropriate after three functioning years of the LIC policy and is equal to 30 percent of all the premiums except the paid premiums for the policy's first year together with a vested bonus.

Over time, the cash value can grow, potentially to an amount equal to the face amount of the policy.

After five years from the commencement of the policy, the policyholder can make partial withdrawals, subject to the condition that the minimum withdrawal amount is Rs. 5000 and the Fund Value after a partial withdrawal should be equal to at least Rs. 10000.

If the policy is surrendered before the completion of five policy years then the insurance cover ceases and the Surrender Value equal to Fund Value minus Discontinuation Charge will be kept in the Discontinued Fund of the policy.