Contact Us: (732) 252-8828
Medicare Supplement Store
  • Home
  • Quotes
    • Medicare Quotes >
      • Medicare Advantage Plan Quote
      • Medicare Supplement Coverage Quote
      • Prescription Drug Plan Quote
      • Instant Medicare Quotes
    • Health Quotes >
      • Health Insurance Quote
      • Long Term Care Insurance Quote
      • Group Benefits Insurance Quote
    • Life & Financial Quotes >
      • Life Insurance Quote
      • Annuity Quotes
      • Disability Insurance Quote
  • Service
    • Policy Review
    • Update Contact Info
    • Policy Changes
    • Contact My Carrier
    • Free Consultation
    • Financial Planning
    • Book an Appointment
  • Insurance
    • Medicare >
      • Medicare Advantage Plans
      • Medicare Supplement Coverage
      • Prescription Drug Plans
    • Health >
      • Health Insurance
      • Long Term Care Insurance
      • Group Benefits
    • Life/Financial >
      • Life Insurance
      • Annuities
      • Disability Insurance
  • About
    • Staff Directory
    • Refer a Friend
    • Insurance Carriers
    • Newsletter Signup
    • Blog
    • News
  • Contact
  • Home
  • Quotes
    • Medicare Quotes >
      • Medicare Advantage Plan Quote
      • Medicare Supplement Coverage Quote
      • Prescription Drug Plan Quote
      • Instant Medicare Quotes
    • Health Quotes >
      • Health Insurance Quote
      • Long Term Care Insurance Quote
      • Group Benefits Insurance Quote
    • Life & Financial Quotes >
      • Life Insurance Quote
      • Annuity Quotes
      • Disability Insurance Quote
  • Service
    • Policy Review
    • Update Contact Info
    • Policy Changes
    • Contact My Carrier
    • Free Consultation
    • Financial Planning
    • Book an Appointment
  • Insurance
    • Medicare >
      • Medicare Advantage Plans
      • Medicare Supplement Coverage
      • Prescription Drug Plans
    • Health >
      • Health Insurance
      • Long Term Care Insurance
      • Group Benefits
    • Life/Financial >
      • Life Insurance
      • Annuities
      • Disability Insurance
  • About
    • Staff Directory
    • Refer a Friend
    • Insurance Carriers
    • Newsletter Signup
    • Blog
    • News
  • Contact

Medicare Supplement Store​ Blog

Liquidity Concerns In Your Life Insurance Policy

5/6/2022

0 Comments

 
Picture
​Liquidity is one of the top concerns regarding life insurance policies. This post will explore some of the liquidity concerns that policyholders have and what you can do to ensure that your policy is as liquid as possible. Keep reading to learn more!
How does cash value work?
Permanent whole life policies offered by insurers typically include a death benefit that builds up some amount of savings. The interest rates on these accounts are guaranteed at a fixed interest rate, and the insurance may also provide dividends.

Although dividends paid by your life insurance policy are not fixed because they are based on its success. Knowing and understanding the conditions of your life insurance plan is the key to knowing how much your policy is guaranteed to increase and how much increase is possible.

Assessing Policy's Cash Value: Loan or Surrender?
Getting a loan from your policy is easy since it won't need bank approval or run a credit check. Although the policy's cumulative cash value secures the loan without tax, you could not get more than its value. But when not repaid, the insurance company can automatically cut your death benefit.

Surrendering the whole policy, however, means your dependents will no longer receive your death benefits. Moreover, the taxable cash value you'll get is way less than what you have paid in your premium.

What are Accelerated Death Benefits?
When you have a severe or fatal disease or require professional long-term care, for example, an expedited death benefits rider allows you to receive a portion of the death benefit. Considering the conditions of your policy, you may receive accelerated death benefit payouts in a flat sum or increments. If the beneficiary is likely to die within two years, accelerated death benefits are usually not taxed.

Conclusion
The long-term increase of the cash value plus permanent life insurance coverage provides most of the advantages of a whole life policy. Talk to your insurer and explore all of your choices for getting higher cash value from your policy. 

At Medicare Supplement Store, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (732) 252-8828. Get your free quote today by CLICKING HERE. The coverage discussed is not guaranteed. Please contact our agents to make sure you have adequate coverage and your needs are being met. We are happy to help!
0 Comments



Leave a Reply.

    Contact Us

    (732) 252-8828
    70 Lacey Rd
    Suite 7
    Whiting, NJ 08759​
    Click Here to Email Us

    Archives

    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    January 2021

    Categories

    All
    ​Annuities
    ​Annuities
    FAQs
    Financial
    Health Insurance
    Insurance
    Life Insurance
    Local
    Medicare Advantage Plans
    Medicare Supplement Insurance
    Prescription Drug Plans
    Safety

    RSS Feed

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login

Connect With Us

Share This Page

Contact Us

Medicare Supplement Store
70 Lacey Rd
Suite 7
Whiting, NJ 08759
(732) 252-8828
Click Here to Email Us

Location


We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.
Website by InsuranceSplash