Sentences with phrase «access to cash value all»

This creates tax - free access to your cash value and all gains on the cash value.

In addition to giving you access to the cash value of the policy, different types of whole life insurance offer other benefits the policy owner can use while the insured person is still alive.

If you have a cash value policy, you can have access to the cash value that you have accumulated and you can borrow against it, to buy whatever you want.

Lastly, universal life insurance plans not only provide death benefits, but they also offer access to cash value that you may withdraw from for personal expenses.

Here, both the benefit amount and the premium may be changed by the policyholder (within certain guidelines), and the policyholder can also have access to the cash value.

A whole life insurance policy from State Farm has many benefits, including lifetime coverage, access to cash value (tax deferred), guaranteed death benefit and level premium amounts over the life of the policy.

With the Explorer Plus Universal Life policy, you have access to cash value that will grow free from tax and you can borrow cash value from the policy after just one year.

Both IUL and VUL policies provide lifetime coverage, pay a death benefit and allow access to cash value.

The question of whether premiums are recognized as income for any of the above strategies is very fact specific, involving questions such as when the employee has access to the cash value in a insurance policy.

Universal life insurance offers a combination of flexible premiums, access to cash value and the possibility of flexible, lifelong coverage.

When determining who will have access to the cash value, it is important to identify the various goal of the split dollar plan and these are summarized in the questions of death benefit and control over the policy.

With Guaranteed Universal Life, you are able have access to cash value in your coverage account should you need it (though this should not be your retirement savings plan).

Both IUL and VUL policies provide permanent coverage, pay a lump sum death benefit to your beneficiary and provide cash value growth and access to your cash value via withdrawals or loans.

By contract, the employees access to the cash value can be restricted to a future date such retirement or after a set amount of time as an employee.

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

Here, too, policyholders can gain access to the cash value in the form of either withdrawals or loans.

However, the good news is when properly funding a policy the cash builds quickly and you will have access to the cash value sooner rather than later.

As discussed above, whole life insurance, as well as other types of permanent life insurance with cash value, allows access to the cash value in your policy through policy loans.

Your policy will provide tax - deferred growth on cash value accumulation and non-taxed access to cash value up to the policy's basis.

The main living benefit is access to cash value.

A split dollar plan must address who will have access to the cash value that accrues in a permanent life insurance policy.

You have access to your cash value in case of emergencies through loans or by borrowing against your policy.

Because universal life is a permanent life insurance policy, the policyholder will have access to their cash value account.

A universal life contract provides access to cash value accumulation like that of a whole life policy; however, cash value within a universal life policy includes a guaranteed minimum interest rate plus an additional interest payment if and when the life insurance carrier experiences higher returns on its own investments.

With its permanent policies, New York Life offers access to cash value via loans and / or withdrawals, as well as many plans that have guaranteed interest rates, and periodic dividends with paid up addition options.

You have access to the cash value by taking a withdrawal or by using the cash value as collateral and taking out a life insurance loan.

SPL policies give you control over your investment, allowing access to the cash value for emergencies, retirement or other opportunities.

If you like the idea of guaranteed premiums and access to cash value all along the way, their whole life insurance choice may fit your scenario best.

Wendy... The owner of the policy has exclusive access to the cash value.

The policyowner has access to the cash value component by way of loans at any time.

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.

There is access to the cash value via loans and / or withdrawals — which includes the opportunity to take net - zero cost loans in policy years six and beyond.

Policies offer access to the cash value and / or the accumulated death benefit in times of financial need or for long term care expenses.

It also offers access to cash value via policy loans and withdrawals — which include net - zero cost loans in policy years six and later.

Best of all, whole life policies may offer generally income tax - free4 access to cash value and death benefits.5

Access to cash value — The cash value can be accessed to help with education expenses, provide a retirement supplement, or other personal objectives.

Unlike a standard college fund, policyholders have access to the cash value at any time, without penalty.

I don't understand why he wouldn't have access to cash value on a policy if he was the policy owner.

During the term period, you will have access to cash value that you can borrow from and you are able to convert to a permanent policy under the same terms as TermSmart described above.

Parents have access to the cash value on a tax - free basis in the form of withdrawals or loans, and the cash value can grow for future plans such a down payment on a home or retirement.

Also, your access to the cash value (let's say you have a whole or universal life policy) is restricted in an effort to protect the collateral.

Alternately, the policy owner's access to the cash value is restricted in an effort to protect the collateral.

A permanent life insurance policy with a cash value allows the lender access to the cash value to use as loan payment if the borrower were to default.

Loans are a great tool and provide income tax free access to your cash value for whatever purpose you desire, including investing in passive income opportunities.

This future access to the cash value can act as «golden handcuffs» to provide additional security to the employer.

By contract, the employees access to the cash value can be restricted to a future date such retirement or after a set amount of time as an employee.

When determining who will have access to the cash value, it is important to identify the various goal of the split dollar plan and these are summarized in the questions of death benefit and control over the policy.

So you are gaining access to your cash value equivalent that has accumulated via premium payments and interest and using it for whatever you choose.

A split dollar plan must address who will have access to the cash value that accrues in a permanent life insurance policy.

1 The information regarding access to cash value assumes the contract qualifies as life insurance under Internal Revenue Code (IRC) Section 7702.