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Its a Universal life insurance Policy.
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∙ 11y ago
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What is flexible premium multifunded life insurance?
explain flexible premium multifunded life ins.
Do you have to make contributions to a flexible premium deferred annuity?
Nope, but you do have the option if you so choose to use it.
What is Definition of flexible premium life insurance?
should the buyer of flexible premium adjustable universal life insurance take the interest monthly or quarterly or shoule they turn it over
How am i able to cash in my flexible premium deferred annuity?
You can surrender the policy at anytime, you may have to pay a surrender charge if you're taking it out early.
What does flexible premium multi-funded life mean?
A flexible premium multi-funded life means that it is a term life insurance. Aside from that, it has a side fund that grows and which is tax deferred.
What is flexible premium multifunded life insurance?
explain flexible premium multifunded life ins.
Do you have to make contributions to a flexible premium deferred annuity?
Nope, but you do have the option if you so choose to use it.
What is Definition of flexible premium life insurance?
should the buyer of flexible premium adjustable universal life insurance take the interest monthly or quarterly or shoule they turn it over
My mother has a single premium deferred annuity when she dies do her children receive cash from that annuity?
Are the children the beneficiary's of the Annuity? Annuity's are like Life insurance, they have named beneficiary's listed in the contract. If the children are listed, then yes they are going to benefit from this account.
How am i able to cash in my flexible premium deferred annuity?
You can surrender the policy at anytime, you may have to pay a surrender charge if you're taking it out early.
What is the definition of a single premium immediate annuity?
Single premium immediate annuity is when one gives an insurance company an upfront payment or deposit and they straight away begin to pay you a monthly income. One can get them from a number of financial service companies.
What does flexible premium multi-funded life mean?
A flexible premium multi-funded life means that it is a term life insurance. Aside from that, it has a side fund that grows and which is tax deferred.
What is the difference between annuity life and whole life insurance?
1. annuity is paid till a person passes away whereas life insurance is paid after a person passes away to the beneficiaries 2. annuity is paid as periodic installments whereas life insurance is paid as lump-sum. 3. annuity support future income requirement. life insurance support the need of beneficiaries. 4. annuity is a retirement planning tool whereas life insurance is a product providing inheritance. 5. annuity pays back total value + gains earned. life insurance may provide benefit multiple times larger than premium paid ZEBA
What is flexible premium life insurance?
Flexible Premium Adjustable Life Insurance is a policy usually called Universal Life but some companies may use different names. This type of policy is basically a term life insurance policy with an interest bearing side fund as part of the policy. The mechanics are that you can pay any premium above the minimum premium and within federal tax limits. You can change the premiums and the amount of insurance which makes it a very flexible policy. The trick is that as with term insurance the cost of insurance goes up as you age so you must pay more than the cost of insurance expecially in the beginning or the policy always has a danger of running out of money and the insurance cancelling. This type of policy looks good when interest rates are high but is very dangerous when rates drop.
What is flexible -premium adjustable life insurance?
Flexible Premium Adjustable Life Insurance is a policy usually called Universal Life but some companies may use different names. This type of policy is basically a term life insurance policy with an interest bearing side fund as part of the policy. The mechanics are that you can pay any premium above the minimum premium and within federal tax limits. You can change the premiums and the amount of insurance which makes it a very flexible policy. The trick is that as with term insurance the cost of insurance goes up as you age so you must pay more than the cost of insurance expecially in the beginning or the policy always has a danger of running out of money and the insurance cancelling. This type of policy looks good when interest rates are high but is very dangerous when rates drop.
Is the cost of my spouse's insurance premium reimbursable through my flexible spending account?
Yeah, the cost simply reimbursable through your flexible spending account. I guess that that's just reality
What is another term for accumulation period of an annuity?
Premium period
