Sentences with phrase «whole life insurance policyholders»

Today, on the Prosperity Podcast, Kim D.H. Butler and Todd Strobel explain what occurs when whole life insurance policyholders miss a premium payment

Funds are accessed by tapping into the cash value accumulated within your Whole Life policy, which as it builds, is like funding a line of credit for Whole Life insurance policyholders.

The cons whole life insurance policyholders face is the decrease in the death benefit or face value in slow economic times or if a loan is made against it.

For those whole life insurance policyholders who have eligible policies, there is also the option of using dividends to help in paying some or all of the premium.

Participating members share in any annual dividends paid out by MassMutual to participating whole life insurance policyholders.

Northwestern Mutual has some of the best consumer reviews and, as a mutual insurance company, has consistently issued dividends to whole life insurance policyholders for decades.

For those whole life insurance policyholders who have eligible policies, there is also the option of using dividends to help in paying some or all of the premium.

Therefore, this can provide yet another tax advantage for the whole life insurance policyholder.

Not exact matches

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Participating whole life insurance pays dividends to the eligible policyholder.

In addition to covering the policyholder's funeral and burial costs, whole life insurance policies can be used to cover a wide range of other expenses, including:

Whole life insurance is a type of permanent life insurance that remains in effect for the entirety of the policyholder's life.

Some types of whole life insurance, called participating whole life, pay dividends to policyholders.

Life insurance dividends are unique to participating whole life insurance policies and are used by policyholdersLife insurance dividends are unique to participating whole life insurance policies and are used by policyholderslife insurance policies and are used by policyholders to:

Whole life insurance that is offered through New York Life allows policyholders to have benefit at death along with cash value build up that is allowed to grow on a tax deferred basis over tlife insurance that is offered through New York Life allows policyholders to have benefit at death along with cash value build up that is allowed to grow on a tax deferred basis over tLife allows policyholders to have benefit at death along with cash value build up that is allowed to grow on a tax deferred basis over time.

Whereas whole life insurance provides fixed rates of return on the account value, at rates determined by the insurance company, variable life insurance provides the policyholder with investment discretion over the account value portion of the policy.

Whole life insurance (also known as permanent life insurance) covers policyholders for their lifespan (assuming they pay their premiums on time and in full) and may generate cash value over time.

Similar to whole life insurance, except it offers the policyholder the option to use the cash value to pay for premiums.

ROP term is especially attractive to policyholders who do not possess the wherewithal or the desire to pay whole life insurance premiums.

The best participating whole life insurance companies will also offer dividends to policyholders each year.

The best whole life insurance is participating whole life, where the insurance company pays a dividend to participating policyholders.

It's mostly because whole life insurance is expensive, and policyholders struggle to keep up with the premiums as time goes on.

Whole life insurance offers death benefit coverage to beneficiaries that gradually reduces the insurer's commitment as the policyholder's cash value builds.

Finally, whole life insurance, not term life, will be eligible for annual life insurance policy dividends and it is only a certain percentage of whole life policies that pay dividends to policyholders.

Penn Mutual's participating whole life insurance policy provides all the guarantees of whole life, with an opportunity for increased cash value accumulation through annual dividends paid to policyholders.

Similar to whole life insurance, term life coverage provides a lump sum death benefit in the event that the policyholder passes away while the policy is still active.

MassMutual is also a mutual life insurance company, meaning it's owned by its policyholders and the company has consistently distributed dividends to those with whole life insurance policies for over 150 years.

Unlike a Participating Whole Life policy, the policyholder is not sharing in the surplus earnings of the insurance company.

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

Although not guaranteed, Ohio National has paid dividends to its policyholders of participating whole life insurance for 93 straight years.

The first is a type of «whole life» insurance product (also called «permanent life» insurance) for which the policyholder's cash value is invested in one or more portfolios of securities.

The big difference between universal life insurance and a whole life policy, is that with universal life the premiums can be paid as the policyholder desires, as long as sufficient cash values are present to pay of the cost of insurance.

When picking a whole life insurance policy, a potential policyholder needs to consider the overall strength and integrity of the insurance company when considering dividends.

Prudential also offers Term Elite protection, which provides policyholders the protection of term life while preparing them to convert to whole life insurance.

Whole life insurance is designed to last for the entire life of the policyholder, and the amount of life insurance coverage also remains level throughout the length of the policy.

A universal life insurance policy is similar to a Whole Life policy, with the exception of less policyholder participation in how the premiums are invested in money market fulife insurance policy is similar to a Whole Life policy, with the exception of less policyholder participation in how the premiums are invested in money market fuLife policy, with the exception of less policyholder participation in how the premiums are invested in money market funds.

Unlike whole life insurance, universal life insurance allows the policyholder to use the interest from his accumulated savings to help pay premiums over time.

Unlike Whole Life Insurance, with Universal Life Insurance all the financial operations are transparently disclosed to the policyholder.

While a younger policyholder may have less money to invest in a policy, he or she can opt for a term plan instead of whole life insurance to avoid added costs.

Whole life insurance and universal life insurance are more expensive options because they last for the entire lifetime of the policyholder in addition to having a savings component.

Similar to whole life insurance, universal life insurance offers the policyholder greater flexibility with regard to premium, payment, and use of savings and insurance benefits.

Group whole life insurance — Group life insurance purchased for the life of the policyholder.

As with whole life insurance, the cash value in a universal life (or UL) policy can grow on a tax - deferred basis, and the money in this component of the policy may be withdrawn or borrowed by the policyholder for any reason.

It made sense that policyholders would want to keep term insurance instead of expensive whole life insurance, especially here in Palo Alto or the Bay Area, where housing prices and incomes were rising very quickly and folks realized that they needed larger and larger amounts of term insurance to replace the income of the main breadwinner or to pay off a large mortgage at death.

In addition, policyholders of participating whole life insurance may also receive part of the company's earnings in the form of dividends.

In many cases a whole life insurance policy will provide some sort of cash value — although that cash value is likely to be far less than the death benefit that would accrue if the policyholder were to die.

Unlike whole life insurance policies, which are designed to remain in effect for a policyholder's entire life, term life insurance policies expire after a pre-determined time period.

Because term life insurance only pays out if the policyholder's death occurs during the term of their coverage period, policy premiums are generally lower than whole life insurance.

Unlike a Participating Whole Life policy, the policyholder is not sharing in the surplus earnings of the insurance company.

The loans that are taken from a whole life insurance policy are not required to be paid back by a policyholder.