0
Which one of the following policies has a guaranteed cash surrender value a. Endowment at age 65 b. 20 yrs level premium term insurance c. variable whole life d. traditional universal life insurance?
Wiki User
∙ 15y ago
All of the policies mentioned would have cash value with the exception of the 20 year level term. Although it might be some time before the cash value started to build up (likely years), and the variable and universal life would not have "guaranteed" cash value. The variable cash value is based on how your investment choices did, and the universal life could lose all of its cash value if you went a long time without paying on it. Short answer A. Here is the correct answer: Option A, C and D will both have guaranteed cash surrender values. Variables are securities and as such there are risks. In addition it can only be sold and counciled on by a registerd Rep. The 20 year term does not have any cash value unless the policy has a money back rider then it will. Now there are life settlement companies that given certain criteria may offer a better alternative selling the policy over cashing it in.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What is a reinforced endowment policy?
A reinforced endowment policy is a type of life insurance policy that combines elements of both endowment and whole life insurance. It offers both savings and protection benefits, with the insurer potentially adding bonuses to increase the policy's value over time. This can provide additional growth to the policyholder's savings component.
Can you get life insurance at age 81?
Yes, many life insurance companies offer life insurance to applicants who are 81 and still insurable. Expect a lot of questions about your need for life insurance, your finances and your health.
How do you get life insurance if your 86?
It may be challenging to get traditional life insurance at age 86, but you may have options such as guaranteed issue life insurance or final expense insurance that have less stringent requirements. These types of policies typically have higher premiums due to the increased risk associated with age. It's important to compare quotes and consider your needs before making a decision.
What is the meaning of the phrase 'endowment at age sixty'?
'Endowment at age sixty' typically refers to a financial plan or insurance policy that pays out a lump sum of money when the individual reaches the age of sixty. This can provide a source of income or financial security later in life.
Can you get life insurance after 85?
It can be difficult to get traditional life insurance coverage after the age of 85, as most insurers have age limits for new policies. However, there are specialized life insurance products such as guaranteed issue or simplified issue policies that may be available to individuals over 85. These policies may have higher premiums and lower coverage amounts due to the increased risk of insuring older individuals.
Where can one buy an endowment policy online?
An endowment policy is a life insurance agreement designed to pay a lump sum after a specific term or on earlier death. You can purchase an endowment policy online at Endowment-Life-Insurance.
What is the endowment point for life insurance?
The endowment point for life insurance is usually a fixed date or death. It is a period of maturity for policy payment.
How can one set-up endowment assurance?
One can set up an endowment insurance through many different companies. Some examples of these companies that aid in endowment insurance include Prudential and MetLife.
How does endowment insurance work?
It is a life insurance policy that pays a giant sum of money when a person dies. This payment is traditional with benefits and many receive this. Many invest in these payments before they pass or when an event happens.
In which of the following are individuals guaranteed by an insurance company to earn a minimum interest rate on their investment?
fixed annuity
How do I apply for Endowment life insurance?
You need to talk to an independent insurance agent in your city.
Which has a higher premium life insurance or endowment policies?
Endowment policies. In normal life insurance policies, if you outlive the policy term you wont get any money. Whereas, in case of endowment policies, the insurance company returns a big % of your insurance premium to you at the end of the tenure. So, these policies are much higher in terms of premium when compared to regular or pure-term life insurance policies.
What kind of policy is Endowment Insurance Policy?
Endowment Insurance policy is life insurance. Life insurance is very important to have, especially if you have a family or kids. If anything should happen to you, you would want to know that your family could live comfortably without your income.
What has the author Harold Dougharty written?
Harold Dougharty has written: 'Pension, endowment, life assurance and other schemes for employees of commercial enterprises' -- subject(s): Accessible book, Industrial life insurance, Life Insurance, Pensions, Endowment policies 'Pension, endowment, life assurance' -- subject(s): Accessible book, Industrial life insurance, Life Insurance, Pensions 'Pension, endowment, life assurance, and other schemes for employees of commercial companies'
What does the term 'selling endowment policies' mean?
Selling your endowment policy or endowment surrender essentially involves selling the annuity back to the insurance company for a set value determined by a formula.
How can someone cash in an endowment policy?
Endowment Policies can be cashed out early for a fee that varies from company to company. Endowment policies are a form of life insurance that is paid in lump sum form.
Why might one cash in an endowment policy?
An endowment policy is a life insurance contract where the person gets a large sum of money after a set amount of years. You might cash in an endowment policy as it is a great way to pay off the debt that the insurance purchaser has or had when they were alive.
