Sentences with phrase «a loan provision»

The policy loan provision stipulates the amount you can borrow against your cash value, the rate of interest, and other terms for policy loans.

Banks everywhere must take loan provisions upfront from 2018 under new IFRS 9 rules.

The EC, meanwhile, will monitor the loan provision, and in particular the government guarantees, to ensure that they do not extend into the realm of «state aid» classification.

He released on Thursday a 2018 budget agenda that addresses policy matters ranging from making it easier to register to vote and addressing the capping of state and local tax deductions as well reviving student loan provisions and funding mass transit.

Lawmakers have been at odds over HR 3553's Pell Grant and direct - loan provisions since it was reported...

According to Borders, they have to do this to continue compliance with their DIP loan provisions.

The legislative history of the 1978 Bankruptcy Reform Act, the law that added a student loan provision to the Bankruptcy Code, is full of comments by members of Congress concerned with the damaging effects of continuing to allow educational debt to be discharged.

Ask if they have a loan provision.

McKnight does mention variable rate loan provisions and the possibility of gaining positive arbitrage with policies that have this feature.

To be fair some 401 (k) plans do have a loan provision, but the payback criteria is very strict, there is a loan limit, and it has to be paid back within 5 years.

Some people call it the 60 - day IRA loan provision.

Keep in mind that the 3 - 4 % return is guaranteed against loss, has tax benefits, loan provisions, estate benefits, and income protection.

There are no federal student loan provisions targeted in this package, but the President has indicated he wants to send more spending cuts to Congress in the future and those proposals could see education funding reduced.

Although, not every plan sponsor offers this loan provision.

They look at investment provisions, cash values, loan provisions, and a large enough death benefit to handle any potential outcome.

Consolidate loans if you can keep favorable student - loan provisions (for example, you can defer interest and / or principal payments if you become unemployed) and attractive interest rates (for example, a loan rate that is less than what you are earning in a high - interest savings account).

Using a policy's loan provision to create cash flow will avoid any tax liability on the transaction.

Despite the positive noises emanating from the Dublin property market, it's still too premature to consider altering my loan provision methodology.

Many individuals used the policy loan provision of the life insurance policies to borrow and lend money for the purpose of infinite banking.

Most companies that offer UL, IUL, and VUL provide loan provisions that allow for banking.

Profit - sharing plans offer you flexibility, along with various contribution options designed to reward long - term employees with tax - deferred growth — including an optional loan provision.

due - on - sale A loan provision requiring the loan to be repaid immediately if the underlying security for the loan is sold.

The insured can include an Automatic Premium Loan Provision on their policy.

The policy loan provision may be the single most interesting aspect of an Indexed Universal Life policy.

Other factors such as loan provisions, dividends, participating vs non participating policies, recognition vs non recognition of dividends are factors most don't really understand.

It can be difficult to understand loan provisions, past dividend rates, and future requirements with these types of life insurance policies.

If a policyholder has selected the automatic premium loan provision, a loan would automatically be taken against the cash value of the policy to pay the premium in the event the policy was about to lapse for nonpayment of premium.

Oftentimes, they'll also take advantage of auto loan provisions to pay for the premium, and that just goes right on top of any existing loans.

Ten life insurance products added competitive loan provisions — actually reducing the current costs to access the policy's cash value loans

That said, the policy might have a loan provision that lets you borrow from your cash value and thus avoid the tax.

Through the policy loan provision, a policy holder can access the cash value without incurring taxes.

In addition, in today's «modern» life insurance policies, often it's possible to get life insurance loan provisions at more favorable rates than «old» policies.

Most companies that offer UL, IUL, and VUL provide loan provisions that allow for banking.

But whether it's a proactive «Bank on Yourself» borrowing strategy, or just accidentally accruing a loan through the Automatic Premium Loan provision on a whole life policy, sometimes a substantial loan does accrue, and it's necessary to take steps to rescue the policy before an adverse tax consequence results!

If you are unable to come up with the premiums the automatic premium loan provision will kick in and use a portion of your cash value to keep the policy in force...

Given its unique loan provisions, you can also use an indexed universal life insurance policy's cash value to help in supplementing your retirement income.

That includes not only a growing cash value, but also loan provisions, distribution limitations, and fees — lots of fees.

Policyowners generally may ask to set premiums to zero without the policy lapsing (or without invoking the automatic policy loan provision), although this virtually always requires notice to the insurer.

Step 5: Check the policy loan provision to see if the company uses an «offset» provision to credit borrowed amounts with a lower rate than nonborrowed amounts.

Most ordinary life policies are issued with an automatic premium loan provision that authorizes the company to automatically pay the premium by borrowing against the cash value if the premium remains unpaid at the end of the thirty - one - day grace period.

Finally, loan provisions of deferred annuity contracts are generally more restrictive than those of life insurance policies.

Why Your Lender Cares As part of your loan provisions, your lender will require you to pay property taxes when due.

A loan provision giving the lender the right to declare the entire amount immediately due and payable upon violation of another specific loan provision, commonly referred to as the Due on Sale Clause.

Not exact matches

The firm's mortgage investment corporation has about 2,400 such loans in its portfolio, with an average size of $ 85,000, and says it maintained a $ 4.3 - million loan loss provision on a $ 214 - million portfolio last year.

«Together with other provisions of the Recovery Act, ARC loans will free up capital and put more money in the hands of small business owners when they need it the most,» SBA Administrator Karen Gordon Mills said in a press release.

These types of loans also carry other risks, such as demand provisions under which a bank can arbitrarily demand repayment, as well as high default rates, putting borrowers in a difficult spot.

Stimulus provisions run dry for SBA loans.

The provisions in the bill would adjust how private student loan lenders treat the death or bankruptcy of co-signers, as well as how defaults are reported on a borrower's credit report.

Awtani added provisioning requirements of public sector undertaking banks have increased with the surge in non-performing assets (NPA) and that there still exists stressed loans in the system which will probably be recognized as NPAs over the coming few quarters.

The ECB's annual report on its work as the euro zone's top banking watchdog shows some banks were found to be deficient in the way they identify problem customers and loans, set aside provisions and choose when to grant credit, among other areas.