Sentences with phrase «whole life policy holder»

In order to make this argument really stand on it's own, there has to be some discussion of the cash value growth that is available to the whole life policy holder.

The dividend is typically between 1 - 3 %, which means the CV of a typical mutual whole life policy holder is anywhere between 4 and 8 %.

The dividend is typically between 1 - 3 %, which means the CV of a typical mutual whole life policy holder is anywhere between 4 and 8 %.

Although mutual companies are owned by the policy holders, stock companies who offer whole life products allow for participation and pay dividends to whole life policy holders in the same way.

It is absolutely possible for whole life policy holders to come out ahead.

They also have consistently paid dividends to their whole life policy holders since the 1860s.

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.

This is allowed due the payment of whole life dividends which are basically defined as a «return of premiums» to the policy holders rather than regular income.

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.

Another cost aspect of participating whole life is that these policies are fixed premium plans, so they should be deemed within the policy holder's budget.

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

The basic idea behind this infinite banking concept ® is that a policy holder can design a whole life policy to accrue cash value more quickly for the purpose of setting up a unique vehicle for personal family financing.

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

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.

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.

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.

Whether an applicant decides to go with whole life or guaranteed universal life, a couple of options worth exploring with an agent include possibly setting up a lifetime of guaranteed monthly income for beneficiaries or including a rider that gives a policy holder the ability to waive premiums if they become disabled and can't work.

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

Some Max Life Whole Life Super and IndiaFirst Cash Back Plan Provisions are made for a policy holder.

Some Canara HSBC Smart Immediate Income Plan and Max Life Whole Life Super Provisions are made for a policy holder.

Annuity for whole life along with the return of the purchase price after the death of policy holder

Annuity of whole life along with an option of transferring 50 % payment made to spouse after the death of policy holder.

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

However, universal life is thought of as being more flexible than whole life because the policy holder has more control over when the premium due date is, as well as how much of the premium goes towards the death benefit, and how much goes towards the policy's cash value (within certain guidelines).

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.

Additionally, your whole life policy may include the opportunity to earn dividends from the company, which means the company may share favorable results with participating policy holders in the form of cash, lowered premiums, or increased benefits.

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.

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.

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.

This type of policy is considered to be more flexible than whole life, though, because the policy holder may choose — within certain parameters — how much of the premium will go towards the policy's death benefit, and how much will go into the cash value.

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

It is a fixed premium type of whole life policy that offers guaranteed death benefits to policy holders even until they reach the age of 100.

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 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 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.

Whole life plan offers coverage for the entire lifetime of the policy holder for which the policy holder is required to pay fixed premium for the entire period of the policy and failing which may lapse the coverage.

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.

In case of «Whole Life Plan'the policy holder is obliged to pay a fixed amount of premium on a regular basis till the term of the policy, failing which will cease the death benefit payable under the policy.

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

One reason that whole life is attractive for policy holders is that the premium remains the same throughout the entire life of the policy.

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.

A whole life is a policy you pay till death of the policy holder and term life is a policy for a fixed amount of time.

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.

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.

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 basic idea behind this infinite banking concept ® is that a policy holder can design a whole life policy to accrue cash value more quickly for the purpose of setting up a unique vehicle for personal family financing.