Death Benefit
Death Benefit equals the face amount
What is Type A?
Provides additional amounts of cash surrender value during the policy's early years.
Enhanced Cash Value Rider
Types of withdrawals
What are Loan and Fund Withdrawal?
Charges that are applied to each premium and include administrative charge and sales expense charges?
What is a premium based charge?
A FIXED premium
What is Type A?
Provides term protection for their children and helps assure their future insurability.
Child Level Term Rider
Minimum Withdrawal amount.
What is $250.00?
Charges are the cost or value of the actual next insurance?
What is COI (Cost of insurance)?
Death benefit equal to the policy's face amount PLUS the contract fund.
What is Type B?
What is LNB?
what is Living Needs Benefit
Customer receives part of the death benefit while they are alive yet terminally ill
Percentage taxed prior to age 59 1.2.
What is 10%?
This charges up to 14 years and declines annually after issued?
What are surrender charges?
Death benefit is equal to the policy's face amount PLUS premiums paid MINUS any withdrawals.
What is type C?
Provides certain guarantees against lapse and is built into the policy at point of sale.
What is a Rider to Provide Lapse Protection?
What is the withdrawal limit?
Charges that may be taken when the owner of the policy chooses certain benefits for their policy.
What are transactional charges?