Sentences with phrase «whole life insurance policy holder»

There are several different premium payment options that a whole life insurance policy holder can choose from — based on what suits their needs the best.

Yet, over time, while an insured who owns term life coverage may need to renew at a higher premium rate, a whole life insurance policy holder will retain the same premium expense throughout the entire life of the policy.

Should a whole life insurance policy holder remove funds from the policy's cash value, repayment of this money is optional.

Yet, over time, while an insured who owns term life coverage may need to renew at a higher premium rate, a whole life insurance policy holder will retain the same premium expense throughout the entire life of the policy.

Because of its long lasting nature, a whole life insurance policy holder will never find himself or herself without a life insurance plan — regardless of how long they need the coverage or any adverse health conditions that they may acquire over time.

Not exact matches

Within the arena of whole life insurance, policies mostly differ in terms of the «bells and whistles» attached and what the company chooses to offer policy holders.

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.

Permanent life insurance policy changes: Dividends are paid to holders of participating whole life insurance policies.

Their whole life burial insurance plan has a level and graded option to meet the needs of their policy holders.

Guaranteed universal life insurance is similar to whole life insurance because it is also considered a permanent policy, meaning it is supposed to last the entire life of the policy holder.

Whole life insurance is a policy that remains in effect for the policy holder's entire life.

A prime benefit of the whole life cover is that it is regarded as a permanent life insurance policy, which is designed to provide the policy holder with a lifetime coverage protection without any changes in the premium amount or the time period.

This could mean that during periods of rising interest rates, universal life insurance policy holders may see their cash values increase at a rapid rate compared to those in whole life insurance policies.

It has the features of both a term and whole life insurance which allows policy holders to choose varying payment methods and coverage every year while adjusting its interest on a monthly basis.

This will differ substantially from ownership of a whole life or a universal life insurance policy, where the underlying funds are typically chosen for the policy holder by the insurance carrier.

Unlike term life insurance, which covers the contract holder until a specified age limit, a traditional whole life policy never runs out.

Universal Life Insurance — Universal life insurance allows policy holders both death benefit and cash value — however, these policies are much more flexible than whole life in that policy holders can choose when to pay their premiums, as well as how much to Life Insurance — Universal life insurance allows policy holders both death benefit and cash value — however, these policies are much more flexible than whole life in that policy holders can choose when to pay their premiums, as well as how mucInsurance — Universal life insurance allows policy holders both death benefit and cash value — however, these policies are much more flexible than whole life in that policy holders can choose when to pay their premiums, as well as how much to life insurance allows policy holders both death benefit and cash value — however, these policies are much more flexible than whole life in that policy holders can choose when to pay their premiums, as well as how mucinsurance allows policy holders both death benefit and cash value — however, these policies are much more flexible than whole life in that policy holders can choose when to pay their premiums, as well as how much to life in that policy holders can choose when to pay their premiums, as well as how much to pay.

A traditional whole life policy is a type of life insurance contract that provides for insurance coverage of the contract holder for his / her entire life.

One of the features associated with whole life insurance is that certain policies offer a dividend option to the policy holder.

While there are a ton of different names for these plans (whole life insurance, universal life insurance, etc.), they all have a core similar to Indiana term life insurance but with a major difference in that the policy grows a cash values for the policy holder.

Whole life insurance is designed to protect the policy holder for a lifetime, rather than just for a term.

However, for particular products, such as dividend paying whole life insurance, a mutual company will often be the better choice primarily because the of annual dividends returned to policy holders.

With this plan, policy holders may obtain a higher cash value crediting rate than they can with whole life insurance.

A universal life insurance policy provides more flexibility than whole life in that both its death benefit and its premium may be changed (within certain guidelines) to meet the policy holder's changing needs over time.

Because of this, indexed universal life insurance is used by many policy holders who are seeking higher potential growth (than that of whole life, or even CDs and money markets), yet with protection of principal.

Universal life insurance is more flexible than whole life, as the policy holder can alter the premium (based on certain guidelines) regarding due date and the amount.

Most final expense life insurance plans are a kind of whole life insurance, meaning that premiums are paid throughout the lifetime of the policy holder.

The reason that a mutual company is preferred verses a stock company is that the policy holder is a «member» in a mutual company who «participates» in the insurance company's investment gains and skill in selecting risk, as opposed to non-participating whole life insurance coverage from a stock company, where there are no dividends.

Some Aegon Religare Guaranteed Income Advantage Insurance Plan and Reliance Whole Life Plan Provisions are made for a policy holder.

Whole life insurance for the mere purpose of a «forced savings plan» allows the policy holder to have the safety net, with a fixed rate of return.

Since whole life insurance covers a policy holder until death (or as long as the premiums are paid), there are no renewals.

These policies offer more flexibility than whole life insurance because the policy holder may allocate — within certain guidelines — how much of the premium goes towards the death benefit and how much goes toward the cash value.

Whole life insurance is the only type of life insurance that pays policy holders an annual dividend.

A whole life insurance policy will have a much greater overall benefit for the policy holder's beneficiaries.

This makes it easier for the policy holder to borrow against the whole life insurance plan.

If the investment portion of the insurance policy is sufficient to cover payments for it, the holder of an extended term insurance can simply modify their whole life insurance policy into a term life policy paid for through the whole life policy's cash accumulation.

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.

As cash value builds in a whole or universal life insurance policy, policy holders can borrow against the accumulated funds.

Variable Life insurance gives policy holders the chance to accumulate cash in a tax - free and low - risk manner like whole life insurance dLife insurance gives policy holders the chance to accumulate cash in a tax - free and low - risk manner like whole life insurance dlife insurance does.

Unlike term life insurance, whole life insurance never expires, your rates won't ever rise, and whole life has the added benefit of acting as a minor investment account for the policy holder.

However, you can treat whole life insurance policy aspermanent since the policy covered the whole life span of thepolicy holder and benefit is payable to nominee in the event of anyeventuality of the policy holder.

A flexible universal policy is almost the same as whole life insurance but offers more flexibility for the policy holder.

In general, all insurance plans are structured normally with basic plans like «Whole Life Insurance Policy», under which legal heirs are entitled to collect a specified sum of money on the death of the policinsurance plans are structured normally with basic plans like «Whole Life Insurance Policy», under which legal heirs are entitled to collect a specified sum of money on the death of the policInsurance Policy», under which legal heirs are entitled to collect a specified sum of money on the death of the policy hPolicy», under which legal heirs are entitled to collect a specified sum of money on the death of the policy hpolicy holder.

Some Birla Sun Life Income Assured Plan and IDBI Federal Whole life Savings Insurance Plan Provisions are made for a policy holLife Income Assured Plan and IDBI Federal Whole life Savings Insurance Plan Provisions are made for a policy hollife Savings Insurance Plan Provisions are made for a policy holder.

Some IDBI Federal Whole life Savings Insurance Plan and IDBI Federal Whole life Savings Insurance Plan Provisions are made for a policy holder.

Some LIC New Jeevan Nidhi and IDBI Federal Whole life Savings Insurance Plan Provisions are made for a policy holder.

Some IDBI Federal Whole life Savings Insurance Plan and Shriram Cash Back Term Provisions are made for a policy holder.

Some Aegon Life Educare Advantage Insurance Plan and IDBI Federal Whole life Savings Insurance Plan Provisions are made for a policy holLife Educare Advantage Insurance Plan and IDBI Federal Whole life Savings Insurance Plan Provisions are made for a policy hollife Savings Insurance Plan Provisions are made for a policy holder.

Some IndiaFirst Guaranteed Retirement Plan and IDBI Federal Whole life Savings Insurance Plan Provisions are made for a policy holder.

Some Aviva Next Innings Pension Plan and IDBI Federal Whole life Savings Insurance Plan Provisions are made for a policy holder.