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A back-end load in a universal life insurance policy refers to a fee that is charged when the policyholder surrenders the policy or withdraws cash value. This fee is typically a percentage of the cash value and is designed to discourage early withdrawals, ensuring that the policy remains in force for a longer period. The back-end load may decrease over time, eventually disappearing after a certain number of years. It's important for policyholders to understand these fees when considering the long-term costs of their universal life insurance.
What else can I help you with?
What does load refer to in terms of mutual funds?
In terms of mutual funds, "load" refers to the sales charge or commission that investors pay when purchasing or redeeming shares of the fund. There are different types of loads, including front-end loads, which are charged at the time of purchase, and back-end loads, which are charged when shares are sold. These fees can affect the overall return on investment and are important for investors to consider when selecting mutual funds. No-load funds, on the other hand, do not charge these fees.
What happens at the end of a term life insurance policy?
At the end of a term life insurance policy, the coverage expires and the policyholder no longer has insurance protection.
What does Making money on the front end and making money on the back end mean?
making money on the front end= pay yourself first and then creditors making money on the back end= pay creditors first and whats left over (the backend) is all yours
is this true Residual value means the actual cash one receives at end of life of asset?
Residual value is the value of the asset that they are likely to recover at the end of the life of the asset. It is the value that is expected to be at the end. But its not necessarily that we realise the amount at the end of the period. It can be more or less than that.
What is the best type of life insurance?
Best type of life insurance for YOU may not be the right coverage for another person. If you are looking for temporary protection until your children are financially independent you may want to consider term insurance. Term insurance policies with Return of Premium are also available, which return all of your premiums at the end of term if you outlive your term policy. If you want to have protection throughout your life and protect your spouse or dependents after your own retirement, then a permanent type of life insurance will be the best for you. If you're looking to supplement your retirement funds you can get a whole life or universal life insurance policy and also can take loans out of the cash value.
Is this correctly hyphenated front-or back-end load?
No. I would use "front-end or back-end load." Use a hyphen when "front-end" or "back-end" is being used as an adjective, otherwise do not.
Attach a 12 inch red or fluorescent orange flag to the end of a load?
Attaching a 12-inch red or fluorescent orange flag to the end of a load lets other drivers know that part of a flatbed load is overhanging the back of the trailer. This is legal as long as the load is not more than 2 feet past the end of the trailer.
How do beam bridges support weight or load on them?
Instead of pushing straight down, the load of an arch bridge is carried outward along the curve of the arch to the supports at each end. The weight is transferred to the supports at either end.
When did Universal Airlines end?
Universal Airlines ended in 2005.
When did Universal abit end?
Universal abit ended in 2008.
When did Universal Records end?
Universal Records ended in 2005.
When did Air Universal end?
Air Universal ended in 2007.
How do Buddhists see the end of their life?
they don't see the end of life they believe in reincarnation which is basically another life where they come back differently!!
If your penguins name is penguin how do you get your name back?
you gave your penguin a bad name it probably has load of numbers at the end but that's why
When did Universal Transportes Aéreos end?
Universal Transportes Aéreos ended in 1948.
When did Genius of Universal Emancipation end?
Genius of Universal Emancipation ended in 1839.
When did Universal Lucha Libre end?
Universal Lucha Libre ended in 1995.
