Sentences with phrase «value whole life insurance policy»

Final expense insurance, also known as burial insurance or funeral insurance, is typically a small cash value whole life insurance policy with a face amount from as low as $ 1,000, all the way up to $ 100,000.

«A basic cash value whole life insurance policy that will provide enough coverage to pay for a burial or cremation ceremony.»

A burial insurance or final expense insurance policy is a basic cash value whole life insurance policy that will provide enough coverage to pay for a burial or cremation ceremony.

We want to focus our attention on four cash value whole life insurance policy guarantees, which include a:

Available for ages 0 - 85, this cash value whole life insurance policy is available for face amounts starting at $ 1,000 up to $ 35,000.

Your participating cash value whole life insurance policy through a mutual company, properly funded, should be utilized as a conduit for purchasing other cash flow assets that offer a higher rate of return and the proceeds from those investments can be directed back into your cash value policy.

How much cash value a whole life insurance policy can build depends on such factors as your age, how long you've owned the policy, the policy's coverage amount (death benefit), and whether there's any outstanding debt from loans against the policy.

Commissions earned by a life insurance agent will be higher with a cash value whole life insurance policy than it will be with a term life insurance policy.

Now that we've listed several reasons why someone may be interested in purchasing a whole life insurance policy, it only makes sense that we now talk about the # 1 reason we'll often recommend a cash value whole life insurance policy... which is, it's all the client can qualify for.

If you contribute $ 1,000 into a high cash value whole life insurance policy you will have a large death benefit far in excess of the money you put into it.

For these folks, it makes perfect sense to purchase a small cash value whole life insurance policy on someone else just so they won't get hit with a $ 10,000 or $ 15,000 bill from a funeral home!

However, there are reasons to consider a cash value whole life insurance policy, which is why we decided to write this article so that we could:

As an example, a properly structured cash value whole life insurance policy that is purchased from a mutual company, is one that has tremendous liquidity, low cost (majority of the cost is buying lifelong level insurance — not to be compared to term), no tax on the growth of the account, tax free loans, tax free withdrawals (up to basis), tax free to survivors, no contribution limits, no required withdrawals, is free from creditors, and has minimum guarantees.

These policies are cash value whole life insurance policies that come with a two or three graded death benefit periods.

These are often low to moderate face value whole life insurance policies, allowing senior citizens to purchase affordable insurance later in life.

Not exact matches

For example, whether and how to include the value of your pension or whole life insurance policy might vary from person to person.

Whole life products have an added investment component along with their pure insurance or death benefit function; these policies build cash value over time.

With whole life insurance, the policy's cash value is guaranteed to grow at a certain rate each year and you can:

Due to the lifetime coverage and cash value, whole life insurance costs considerably more, meaning it can easily come to 10 times the cost of a term policy with the same death benefit.

As with other whole life insurance policies, guaranteed issue policies will build a cash value over time and coverage lasts as long as you continue to pay the premiums.

Permanent life insurance policies, such as whole and universal life insurance, offer lifelong coverage and typically have a cash value component.

Whole life insurance policies are usually structured to mature when you turn 100 years old, at which point the cash value should equal the death benefit.

Permanent insurance, which includes whole life and universal insurance policies, is for life: It provides a death benefit for as long as you pay the premium, but also may include cash value that can be accessed during the insured person's lifetime.1

Cash value life insurance can range from a traditional level premium whole life policy to a single premium whole life policy to a universal life policy to a variable life insurance policy or a variable universal life policy.

It trades some of the value growth benefits of a whole life insurance policy in exchange for more flexible payment plans and a lower price.

Permanent life insurance policies (which include whole life insurance and universal life insurance, have the potential to accumulate guaranteed cash value that increases every year.

Variable life insurance is also similar to whole life insurance but, instead of having a guaranteed rate of growth, the cash value of the policy can be invested in sub-accounts offered by the insurer.

You can convert a term life insurance policy to whole life at any time to begin accumulating cash value.

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 Penn Mutual Guaranteed Choice Whole Life insurance policy is a participating whole life insurance policy designed to provide three guaranteed items: death benefit, cash value accumulation, and fixed premWhole Life insurance policy is a participating whole life insurance policy designed to provide three guaranteed items: death benefit, cash value accumulation, and fixed premiLife insurance policy is a participating whole life insurance policy designed to provide three guaranteed items: death benefit, cash value accumulation, and fixed premwhole life insurance policy designed to provide three guaranteed items: death benefit, cash value accumulation, and fixed premilife insurance policy designed to provide three guaranteed items: death benefit, cash value accumulation, and fixed premiums.

These include (a) the cash value of one's whole life insurance policy, (b) the home equity value of one's residence, and (c) Read more -LSB-...]

The Penn Mutual Guaranteed Choice Whole Life insurance policy provides guaranteed cash value accumulation.

Whole life and universal life policies build up cash value, consisting of the premiums you pay and the income those premiums earn, minus the cost of the insurance.

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.

These include (a) the cash value of one's whole life insurance policy, (b) the home equity value of one's residence, and (c) the pre-funded nature of the long - term care insurance policy.

Whole Life Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawLife Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and witInsurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawlife insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and witinsurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawlife insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and witinsurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawals.

An endowment policy builds cash value at a guaranteed rate and has level premiums, similar to a whole life insurance policy.

The Grow - Up Plan is a fairly typical whole life insurance policy, as it has level premiums and builds cash value, but there are a few key differences:

Universal life insurance is essentially a version of whole life insurance but with the added flexibility of using the policy's cash value to pay for premiums.

Whole life insurance policies build cash value, but they tend to be more expensive than term life insurance.

In addition, the Grow - Up Plan is similar to other whole life insurance policies in that it will often take three to four years before you have any cash value, as early premium payments are dedicated to paying the insurer's fees.

Certain types of life insurance policies, including variable life, cash value life insurance and whole life insurance, combine life insurance with a tax - deferred investment account, and provide tax - free access to the cash value of the policy.

Each time you pay premiums for a cash value life insurance policy, such as a whole or universal life insurance policy, part of the premium is put towards the cash value.

Whole life insurance policies typically won't let you pay premiums using the policy's cash value unless you convert to a paid - up policy.

Universal life insurance is similar to whole life insurance in that a portion of your monthly premiums go toward a savings component of the policy, called the «cash value.»

Whole life insurance is a type of permanent life insurance policy that accumulates cash value over time.

Unlike permanent life insurance policies — like whole or universal life — term policies do not accrue cash value.

The logic goes that the main selling point of whole life insurance — that you get an insurance policy along with a cash - value component that acts as forced savings — is actually a poor decision, and you'd be better off buying a cheaper term life insurance policy and investing the money you save elsewhere with a better return and lower fees.

As with other whole life insurance policies, AARP's whole life coverage builds cash value over time.

Even if some policies have a cash - value component, you run into the same problem as other cash - value policies like whole life insurance, where you may end up with a sub-optimal investment option.