Sentences with phrase «whole life policy owners»

However, only whole life policy owners are usually considered to be owners.

Excess earnings from the account with the money for universal life insurance policies actually is taken by the life insurance company and added to their earnings (which can then be shared with whole life policy owners).

While stock market investors NOW attempt to catch up, whole life policy owners never missed a beat and their wealth continued to compound, ALL THE WHILE accruing cash value growth to the policy owner.

Every time they convince a whole life policy owner to «buy term and invest the rest» they ensure that the premiums stay more affordable for those that go the distance.

Every time they convince a whole life policy owner to «buy term and invest the rest» they ensure that the premiums stay more affordable for those that go the distance.

Not exact matches

In the 1980's when interest rates started rising many dividend paying whole life insurance policy owners saw increasing interest rates that did not reflect lower policy dividends.

Cash value life insurance, whether whole life, IUL, or VUL, allows for the tax - free growth of funds in a policy's cash account unless the policy is canceled or surrendered, transferred or assigned to another owner, or the IRS no longer designates the policy a life insurance contract.

In this first example illustration provided from an A + rated carrier, we will be looking at how much $ 6,000 total premiums would generate over the first 30 years on a 10 pay whole life policy that the owner can continue to make base premium payments on after the initial 10 years.

The policy is convertible term life insurance, which allows the owner of the policy to convert all or a portion of the coverage to whole life insurance coverage before the term policy expires or age 65.

With a participating whole life insurance policy, dividends generated by the insurance company are distributed to policy owners.

The policy is convertible which allows the owner to convert the policy to whole life prior to the end of the term.

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.

Dividend paying whole life insurance is a permanent life insurance policy where the insurance provider offers a return of premium to the policy owner in the form of a dividend.

To fully understand annuities, the first important aspect to note is that, just like other insurance products, regardless whether we're talking about convertible term life insurance, whole life insurance, universal life insurance, etc., annuities are a contract between the policy owner and the insurance company.

Whole life insurance policies are generally intended to remain in force until the policy «matures» (pays out), or until the owner of the policy cancels or stops paying the premiums that are due.

Whole life insurance defined: A whole life policy is a type of permanent life insurance where a contract is entered into between the policy owner and insurer, for a policy, which covers the life of the insured, for a specified insurance coverage amount, for the benefit of a beneficWhole life insurance defined: A whole life policy is a type of permanent life insurance where a contract is entered into between the policy owner and insurer, for a policy, which covers the life of the insured, for a specified insurance coverage amount, for the benefit of a beneficwhole life policy is a type of permanent life insurance where a contract is entered into between the policy owner and insurer, for a policy, which covers the life of the insured, for a specified insurance coverage amount, for the benefit of a beneficiary.

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.

However, many people choose to start whole life insurance programs at a very young age because cheap insurance is so plentiful and the policy owners can milk the cash value growth for a longer period of time.

Infinite banking is a concept or strategy where the policy owner utilizes the cash value of a participating whole life insurance policy from a mutual company as a means of self - financing.

And, although these returns may not have sounded like much several years ago, the cash value in whole life insurance policies allowed policy owners to weather the storm of the recent market downturn.

As an owner of a whole life policy you will have a few options of what to do with the death benefit.

Whole life insurance policy owners can elect to receive dividends in cash or choose other options such as paid - up additional life insurance.

Because it's a whole life plan, it doesn't expire as long as the policy's owner continues paying the premium.

The traditional permanent or whole life insurance ensures the policy owner of minimum returns on the cash value.

Whole life insurance combines a level premium with guaranteed cash values which the policy owner may use to meet a variety of financial goals.3 Whole life insurance policies may also produce excess credits, which may be used to purchase additional paid - up life insurance, potentially increasing the available death benefit.

Whole life insurance typically requires that the owner pay premiums for the life of the policy.

A car dealership owner asked me to review an existing whole life policy.

For participating whole life policies, the interest charged by the insurance company for the loan is often less than the dividend each year, especially after 10 — 15 years, so the policy owner can pay off the loan using dividends.

Whole life insurance, a lifelong policy, where the owner of the policy continuously pays the premiums and, then, the insurance company in turn pays the death benefits.

When the dividends paid on a whole life policy are chosen by the policy owner to be reinvested back into the policy, the cash value can increase at a rather substantial rate depending on the performance of the company.

Whole life insurance is designed to provide coverage for the policy owner's lifetime.

Here are 3 common situations that Whole Life insurance policy owners should think about before replacing their permanent policy with Term coverage.

Whole life insurance policies can effectively be treated as an de facto savings account by the policy owner, as long as premium payments are timely and up to date.

Whole life insurance policies provide life insurance coverage protection throughout the duration of the insured policy owner's lifetime.

If the insured policy owner passes away while there is outstanding debt leveraged against the whole life policy, then the difference will be subtracted from any future death benefit payments.

For whole life or other cash value policies, the owner would also maintain complete control of the cash value, including having access to cash or loans.

Single Premium Payment Whole Life allows the owner to make a single payment in return for a paid up life insurance polLife allows the owner to make a single payment in return for a paid up life insurance pollife insurance policy.

Whole life policies generally guarantee the owner a modest minimum interest rate, which is usually comparable to prevailing CD or money market rates.

Whole and universal life insurance policies are both known for having a cash value that the owner of the policy can borrow against.

Participating whole life policies (also called «par whole life») also issue a non-guaranteed dividend to policy owners, which is credited to their cash value, and is frequently used to purchase small amounts of fully - paid up life insurance.

When your child automatically becomes the policy owner at age 21, your child will gain the valuable whole life insurance protection as well as the accumulated cash value.

As a not - for - profit, mutual, membership association, all «profits» made by the company are returned to the members, policy owners or the association through cash - value additions to interest - sensitive whole life policies, term refunds for eligible term policies, increased services, and increases to the insurance reserves.

With a participating whole life policy, after all the claims and expenses of the insurance company have been paid for a given policy year, the policy owner is entitled to «participate» in any surplus that remains.

Being a mutual insurer means that customers who buy certain products, such as whole life insurance policies, become part owners of the company and are entitled to a vote in board elections and share in any annual dividends.

In addition, the policy owner can cancel or surrender the whole life policy at any time and receive the accumulated cash value.

Dear Cindylou, Yes, as the «owners» of the policies, you and only you have the right to borrow from the cash value — the reserve that builds up in permanent life insurance, such as whole life.

Since whole life insurance will be with you until that inevitable day it will cost you more than other common types of life insurance.Whole life allows the owner to borrow against the cash in the policy.

Purchasing a term life policy instead of a whole life insurance policy will save the owner a lot of money every year that would otherwise be spent on the whole life insurance premiums.

Whole life insurance policies also allow owners to chose where to direct dividend payments.

Cash value life insurance, whether whole life, IUL, or VUL, allows for the tax - free growth of funds in a policy's cash account unless the policy is canceled or surrendered, transferred or assigned to another owner, or the IRS no longer designates the policy a life insurance contract.