Ads
related to: life insurance endowment contract sample- FAQs
Questions About Life Insurance
Get Advice and Free Quotes.
- Best Term Life
America's #1 Term Life
Insurance Sales Agency
- Life Ins as Low as $18/mo
America's #1 Term Life Sales Agency
The Right Life Insurance for You
- Start Free Quote
Fast & Easy Process,
Personalized Quotes.
- Find Affordable Life Ins.
Compare Policies with SelectQuote
Finding the Right Price for You
- A+ BBB Rating
SelectQuote Has A Better Business
Bureau Rating Of A+
- FAQs
Search results
Results From The WOW.Com Content Network
An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death. [ 1 ] [ 2 ] These are long-term policies, often designed to repay a mortgage loan, with typical maturities between ten and thirty years within certain age limits.
The endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death. Typical maturities are ten ...
A modified endowment contract (MEC) is a cash value life insurance contract in the United States where the premiums paid have exceeded the amount allowed to keep the full tax treatment of a cash value life insurance policy. In a modified endowment contract, distributions of cash value are taken from taxable gains first as compared to ...
Variable universal life insurance (often shortened to VUL) is a type of life insurance that builds a cash value. In a VUL, the cash value can be invested in a wide variety of separate accounts, similar to mutual funds, and the choice of which of the available separate accounts to use is entirely up to the contract owner.
Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions.
The determination of the cash value, both the base amount and the applicable surrender charge, in the contract can be explicit by determining the value for each surrender date (guaranteed cash values), by referring to the value of specific investments or subject to the discretion of the insurance company, which is often executed to bring cash values in line with values of the investments of ...