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.
He cited a distinction drawn by mathematician Phillip Griffiths: «Science is objective, based
upon fact,
value - free,» said Smith, while science
policy «becomes largely based
upon values.»
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.
They'll refl
upon how their organization frames equity and share how they are engaging leadership and member districts around initiatives, programs and
policy that address equity as a necessary
value in serving students.
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.
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.
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.
For example, whole life insurance pays
policy dividends, and this offers life insurance tax advantages for cash
value accrual can generally range around 5 - 6 % per year based
upon history with most top dividend paying whole life insurance companies.
By growing your cash
value and death benefit you will be maximizing your legacy because your
policy will pay an ever increasing death benefit to your future heirs
upon your passing, unlike term life that will most likely expire worthless.
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.
Additionally, you may be able to secure a loan based
upon your
policy's cash
value.
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.
Upon retirement, or some other mutually agreed upon date between the employer and employee, the employee can access the policy's cash value to use an additional income source, such as supplemental retirement inc
Upon retirement, or some other mutually agreed
upon date between the employer and employee, the employee can access the policy's cash value to use an additional income source, such as supplemental retirement inc
upon date between the employer and employee, the employee can access the
policy's cash
value to use an additional income source, such as supplemental retirement income.
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.
Depending
upon your
policy design, some time will be required for the cash
value and
policy to «kick in» and this could range from 3 — 7 years.
Non-direct recognition refers to a whole life insurance company that does NOT alter its dividend rates based
upon outstanding loans taken by the
policy owner against the
policy cash
value.
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.
On the other hand, if you own permanent life insurance, the
policy may have a cash surrender
value (CSV), which you can receive
upon surrendering the insurance.
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.
Certain carriers offer trophy insurance
policies that provide comprehensive coverage for an agreed
upon value.
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.
Life
policies immediately create a fully
valued tax - free asset
upon first premium receipt.
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.
Such a
policy also assures your staff members that you
value their rights and that they can rely
upon certain guarantees and protections.
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.