by pay@crispino.us | May 4, 2025 | Terminologies
In lending, the concept of early repayment usually refers to paying off a loan before its scheduled end date—often with the goal of saving on interest. But how does this idea translate to life insurance, especially with cash value policies like Indexed Universal Life...
by pay@crispino.us | May 3, 2025 | Terminologies
In traditional loans, a repayment schedule outlines the fixed timeline and amounts due until the debt is fully paid. But in the world of life insurance—particularly with policies that accumulate cash value like Indexed Universal Life (IUL)—repayment schedules are far...
by pay@crispino.us | Apr 28, 2025 | Terminologies
In the world of credit cards and loans, the term minimum payment refers to the smallest amount you’re required to pay each month to keep your account in good standing. But what does “minimum payment” mean when applied to life insurance—especially policies like Indexed...
by pay@crispino.us | Apr 26, 2025 | Terminologies
In loans and credit cards, a late payment often triggers fees, interest rate hikes, or credit score damage. But what does a late payment mean when it comes to life insurance, particularly policies like Indexed Universal Life (IUL) or Whole Life? Life insurance doesn’t...
by pay@crispino.us | Apr 25, 2025 | Terminologies
When most people think of an installment plan, they imagine paying for a product or service in manageable chunks over time—like a car loan or phone bill. But in the realm of life insurance, especially permanent policies like Indexed Universal Life (IUL), the concept...
