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What kind of death benefit is an important feature of a universal life insurance policy?
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What is a universal life insurance policy?
A universal life insurance policy is a cash value type of life insurance policy. With universal life insurance, you policy may build up cash values over time, similar to a whole life policy, but typically less expensive than whole life insurance. Another feature of some universal life insurance policies is called a "no lapse guarantee" With this feature, as long as you pay your premiums, the policy is guaranteed to last to age 100 and beyond depending on the specific carrier you choose. Compare this to a whole life insurance policy where the premium requirements may vary and depend on how dividends and interest rates perform.
What is the universal feature of sedimentary rocks?
The presence of layers is the universal feature of all sedimentary rock.
What is a life insurance policy?
A universal life insurance policy is a cash value type of life insurance policy. With universal life insurance, you policy may build up cash values over time, similar to a whole life policy, but typically less expensive than whole life insurance. Another feature of some universal life insurance policies is called a "no lapse guarantee" With this feature, as long as you pay your premiums, the policy is guaranteed to last to age 100 and beyond depending on the specific carrier you choose. Compare this to a whole life insurance policy where the premium requirements may vary and depend on how dividends and interest rates perform.
Who pay for keyman insurance?
The premia for Keyman insurance policy is borne by the Employer of the company where the keyman os posted. The salient feature of this policy the employer can seek benefit from income tax authority for such payment of insurance premia.
What is the one universal feature of post modern buildings?
Glass.
What is the best life assurance to have to provide monthly sums to children and spouse if the breadwinner dies?
You can shop term insurance rates The advantage to Universal or Whole life is that you have a savings feature and your rates stay level.
.How do you benefit from that part or feature?
so the car can start
What is the benefit of having an employee self service feature?
The benefit of having an employee self-service feature is that it allows more control for employees by allowing them to find salary and benefit information for themselves. This in turn can reduce the burden on a HR department.
Which is a feature of permanent insurance?
it includes an investment component.
What Important feature is offered by the USB standard?
Which important feature is offered by the USB standard?
What starts with a U that is related to volcanoes?
A volcano word that starts with "u" is universal. Volcanoes are a universal feature on a planet. There is even a volcano on Mars.
What if an adjustable target life insurance policy?
WHAT???? Updated: I think the asker meant what IS an adjustable target LI policy. An adjustable premium life insurance product is universal life. These terms are synonomous. The feature of this type of product is that the insured can pay more or less (not less than the minimum premium in the first five yrs of policy) and thereby increase the death benefit or the length of guarantee. The target premium is a amount based upon the calculations made at the time of the illustration. It takes into account the premiums, death benefit and product specs. Target premium is sometimes called the commissionable premium, because the agent's commissions for that policy are based off of it.
