Sentences with phrase «access to cash surrender»

Some types can also offer access to cash surrender value to help meet needs during your lifetime.

Not exact matches

¹ Access to cash values through borrowing or partial surrenders will reduce the policy's cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.

This strategy is appropriate if you want to maintain access to the policy's cash surrender value during your lifetime but want to leave the death benefit proceeds to charity.

As the policyowner accumulates cash value inside the policy, the person can access the cash value, through loans or partial surrenders, which can be used for a variety of personal needs, such as quick cash for an emergency or to help supplement retirement income.

Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).

The policy will also terminate if you surrender it to access the cash value.

Returns are guaranteed and, in the event you have an emergency and need access to money, you can either access the policy's cash value through a loan or by surrendering the policy.

Your NYL UL and NYL SUL policies have the potential to earn cash value, which can increase the death benefit your beneficiaries receive.2 Provided it's sufficient, your cash surrender value can be accessed through policy loans and partial surrenders1, 3 to buy a home, fund a child's education, or supplement retirement income.

If you want to get access to these funds, you can often borrow against the cash value, or surrender your insurance policy.

If you want to access the cash accumulation — and, more importantly, don't want life insurance anymore — you can surrender your insurance policy and receive money equal to the cash surrender value.

The surrender value of the policy changes with time, which is something to pay attention to when accessing the cash value.

As with most whole life policies, you do have access to cash via loans (or policy surrender), though it will affect the long term performance and death benefit payout unless repaid.

The company says its low surrender charges (the fee policyholders pay in the early years to access cash value) make this possible.

The surrender value of the policy changes with time, which is something to pay attention to when accessing the cash value.

If you want to access the cash accumulation — and, more importantly, don't want life insurance anymore — you can surrender your insurance policy and receive money equal to the cash surrender value.

There is also access to cash via loans or surrender, but they do change how the product will grow in the future.

¹ Access to cash values through borrowing or partial surrenders will reduce the policy's cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.

Your NYL UL and NYL SUL policies have the potential to earn cash value, which can increase the death benefit your beneficiaries receive.2 Provided it's sufficient, your cash surrender value can be accessed through policy loans and partial surrenders1, 3 to buy a home, fund a child's education, or supplement retirement income.

As the policyowner accumulates cash value inside the policy, the person can access the cash value, through loans or partial surrenders, which can be used for a variety of personal needs, such as quick cash for an emergency or to help supplement retirement income.

Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).

This policy is issued to those aged 40 — 85, providing death benefits (from $ 2,500 to $ 50,000 depending on underwriting status), immediate full death benefit and level premiums, with accumulating cash value that can be accessed through policy loan or cash surrender.

With a surrender, you can gain access to the cash value by terminating the policy altogether, but you incur the taxes due on the gains within the policy.

This benefit gives you access to funds from the cash surrender value of the accumulated fund when one of the insured persons provides satisfactory proof of disability, loss of independence or a specified critical illness.

Access to cash values through borrowing or partial surrenders can reduce the policy's cash value and death benefit, increase the chance that the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.

These forms of permanent life insurance can all give the owner access to cash by being surrendered, loaned against, or having cash withdrawn before the insured person passes away.

UL also allows access to the cash value through loans and partial surrender.

If the option exists to to take a withdrawal equal to 100 % of the cash surrender value, at Life Ant we generally like to see our clients access the surrender value in this way rather than by actually surrendering the contract.

Policyholders are also able to access accumulated cash by a partial or complete surrender of the policy.

These benefits can include eligibility to earn dividends, cash value access from partial surrenders and loans, and guaranteed cash value accumulation — as long as you pay your life insurance premiums.

In case of urgent financial emergencies or liquidity crunch, you may opt to surrender the policy and get quick access to the accumulated cash surrender value.

In case of urgent financial requirements, you also have the option to surrender the policy and you may exercise this option to get quick access to the accumulated cash surrender value.

Access to the cash account can be done through policy loans or partial surrender, and the cash is payable on a non-taxable basis.

Dear Tiffany, After 31 years, the policy owner should be able to surrender the life insurance and access the cash value without penalty.