Sentences with phrase «value of the policy upon»

Term life pays out the value of the policy upon death in almost all circumstances.

Note that there is a «surrender period,» which is the period of time that a policyholder must wait before it is possible to receive the cash value of the policy upon canceling.

The companies provide early payouts to the policyholder, assume the premium payments, and collect the face value of the policy upon the policyholder's death.

Term life pays out the value of the policy upon death in almost all circumstances.

Riders are a-la-carte options you can purchase to improve the value of your policy upon your death.

Not exact matches

In fact the success of our policy was dependent upon the ability of our employees to strongly own our company's values of partnership and empowerment.

Also called the face value of the policy, this refers to the payout the beneficiaries will receive upon your passing.

While the more educated may smirk about such articles, there is a lot of value in helping people analyze and understand the book upon which they place their beliefs, especially when it becomes legislation and policy that affects people outside the religious bubble.

The four authors are distinguished academics, and their careful analysis of the goals and values and, to a lesser extent, the current research in education policy, speaks to another era, one in which those trained in analytic thinking at premier universities found themselves entrusted with the opportunity and the time to draw upon that thinking while being somewhat protected from the slings and arrows of political fortune.

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

You see, when a participating whole life insurance plan is properly structured to maximize the cash value, the cash value can become available relatively quickly depending upon the amounts deposited and the other details of the policy.

Terminal Illness / Nursing Home Care Rider After the first policy year, the withdrawal charge on withdrawals up to 50 % of the Cash Surrender Value ($ 1,000 minimum) is waived upon the occurrence of one of the following events for the Owner: (a) Terminal illness (life expectancy of 12 months or less).

Furthermore, upon completion of agreement and maintenance, company's money back guarantee policy is based on the following: 1) each deleted / improved item per credit bureau from client's credit file will be assessed a $ 50 value in which the amount of items deleted / improved will be subtracted from the total paid to determine the refund portion 2) Example: if there are 4 items deleted from the credit file the total value will be $ 200, if the client has paid $ 500 then the client would be due a refund of $ 300 3) Example: If there are 12 items deleted from the credit file the total value will be $ 600, if the client has already paid $ 500 then there would be no refund due since the value of the deleted items is more than what the clients have paid.

Form 712 states the value of your life insurance policies based upon when you died.

Also called the face value of the policy, this refers to the payout the beneficiaries will receive upon your passing.

Whole life insurance (cash value life insurance) offers a permanent accruing death benefit as well as accruing cash value within the policy over the life of the policy holder based upon mortality tables.

The pros and cons of using life insurance for cash value accumulation also vary based upon the policy type and strategy you use.

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.

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.

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.

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.

If a policy of insurance has been or shall be effected by any person on his own life or upon the life of another person, the policyowner shall be entitled to any accelerated payments of the death benefit or accelerated payment of a special surrender value permitted under such policy as against the creditors, personal representatives, trustees in bankruptcy and receivers in state and federal courts of the policyowner.

Remember that the types of cash value life insurance vary based upon the formula for accruing cash value within the policy but the most common variations are dividend paying whole life insurance or indexed universal life insurance.

If cash value life insurance is being used, the cash value can be used to repay the loan depending upon the type of policy as can a portion of the death benefit.

Cash value life insurance is more applicable to wealth building discussions because cash value is typically used during the policy owner's lifetime and is forfeited upon death in lieu of the death benefit being paid to surviving beneficiaries.

Whether the return of cash value is guaranteed, as in a whole life or guaranteed UL policy OR whether based upon the financial markets, as in IUL and Variable UL policies, the idea behind permanent insurance is to accrue a nest egg of usable cash value within a life insurance policy.

The death benefit of a life insurance policy is the amount paid out upon the death of the insured, while cash value refers to the amount of funds in a permanent life insurance policy's cash account.

Term life coverage means that the face value of your policy will be paid to your beneficiary if you die within the term period and not afterward — unless the term policy is renewed upon its expiration, which almost always means higher premiums.

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

Depending upon the amount of premium the policy holder chooses to pay, the cash value account can build value.

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.

Your company doesn't want to have to explain to a key employee (upon vesting of the policy) why a policy has little cash value despite premiums being paid.

You read that right, while your loaned cash value is working to earn you money in other areas, you'll continue to receive tax advantaged dividends at the same rates based upon the entire cash value of your policy.

Of course, depending upon your financial circumstances, step one can take some time because, just like purchasing real estate and any other assets, there are some start up costs for properly funding your policy and allowing your cash value to accrue.

Remember, if you decide that selling a life insurance policy is a good idea for you, the influx of cash you will receive is only a fraction of the face value of the policy and the amount that your beneficiaries would receive upon your death.

How they benefit is by being able to obtain the true value of the policy instead of merely receiving the cash surrender value upon surrender or nothing upon letting the policy lapse.

In addition, because recalling a security may involve expenses to the fund, it is expected that the fund will do so only where the items being voted upon are, in the judgment of the investment adviser, either material to the economic value of the security or threaten to materially impact the issuer's corporate governance policies or structure.

The governments certainly take the IPCC consensus and the results of economic analyses such as Stern review much more on face value here than on the other side of the pond and then base policy upon it.

This article explains what the National Ocean Policy is, how it builds upon and is distinguished from past ocean governance laws, and what the NOP will need to succeed in effectively managing our coastal resources and preserving the value of our coasts, including the recreational and ecological services it provides.

The CBAT tool allows visualization of any national response for reducing national ghg emissions commitments based upon the idea of contraction and convergence, one of several equity frameworks under discussion in international climate negotiations, but is also of value for visualizing the policy significance of other equity frameworks that are under discussion internationally.

«We also strongly believe that fast adoption of renewable electricity will absolutely depend upon countries» tax and subsidies strategies, and we see the positive value in national policies and favourable schemes.

The true value of such policy recommendations is to provide policy makers with a complete menu of policy options to start getting the prices right, and to impress upon them that, leaving aside the question of political feasibility, such measures can in fact be adopted in a reasonably short period of time.

Such solecisms throughout the IPCC's assessment reports (including the insertion, after the scientists had completed their final draft, of a table in which four decimal points had been right - shifted so as to multiply tenfold the observed contribution of ice - sheets and glaciers to sea - level rise), combined with a heavy reliance upon computer models unskilled even in short - term projection, with initial values of key variables unmeasurable and unknown, with advancement of multiple, untestable, non-Popper-falsifiable theories, with a quantitative assignment of unduly high statistical confidence levels to non-quantitative statements that are ineluctably subject to very large uncertainties, and, above all, with the now - prolonged failure of TS to rise as predicted (Figures 1, 2), raise questions about the reliability and hence policy - relevance of the IPCC's central projections.

That policy relevance depends completely upon assigning values to possible outcomes, and therefore is inseparable from models of possible prescriptive cures, — that the charge is self - contradictory (and impossible?)

By definition, the paid up value of a life insurance policy is the value an owner receives from the insurer upon default or surrender or early termination of the policy before its maturity or the insured's death.

The value of your claim will depend upon several factors, including the severity of the injuries; past, current, and future medical costs; loss of income; the defendant's insurance policy; your relationship with the defendant; and much, much more.

As an aside, keep in mind that a significant part of the payment would go to the mortgage holder, if any, and that a homeowner's insurance policy almost never covers the part of the value of a home that is attributable to the land that it is build upon, rather than that building that was destroyed itself.

The relevant Charter rights and values that bear upon the Policy as it applies to Dr. Gehl are the rights and values encompassed by s. 15 of the Charter.

If your policy had accrued cash value, you may have limited coverage based on the «Non-Forfeiture Benefit» or «Options Upon Lapse» terms of your contract.

All policy types have a stated death benefit that is paid upon the death of the insured person and permanent life insurance also has a cash value which can be used during the person's lifetime.