Sentences with phrase «access to the cash value»

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.

Life insurance provides potential tax - deferred access to the cash value through interest - bearing policy loans.

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

This can give you virtually unlimited access to cash value on a tax - advantaged basis.

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

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.

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

In addition, you have access to the cash value at any point without penalties.

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.

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.

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.

And, the policyholder always has access to their cash value account, which can be withdrawn or borrowed against for any reason.

This plan features a guaranteed death benefit, guaranteed cash values, and guaranteed access to cash values.

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.

These policies are great options for those wanting a higher amount of coverage in their working years, and permanent life insurance protection with access to cash value later in life.

Explain to them that their death benefit never changes and about access to the cash value in emergencies if it is available with that particular policy.

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.

The policy owner has limited access to the cash value to protect the collateral.

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.

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

Like a whole life policy, you have access to the cash value for loans and withdrawals in the event you need to use it.

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.

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

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.

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

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

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

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

A common objection to QLACs is that they don't build or provide access to cash value unlike other insurance products used for retirement planning.

Certain types of life insurance policies, including variable life, cash value life insurance and whole life insurance, combine life insurance with a tax - deferred investment account, and provide tax - free access to the cash value of the policy.

A common objection to DIAs is that they don't build or provide access to cash value unlike other insurance products used for retirement planning.

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

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.

The deferred comp agreement can allow the employee access to cash value after a defined period of time to provide financial support for the employee... such as allowing them to stay in the home.

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

If your budget will permit, a cash value life insurance policy can not only protect your family in the event of your death but also provide you with additional policy benefits, such as access to cash values for an emergency.

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.

Universal life's fast access to cash value: The company's Premier Accumulator Universal Life policy gives access to most or all of a policy's cash value within the first few years.

Nationwide Executive Indexed UL is a universal life product that offers permanent death benefit protection, minimum guarantees, potential for cash value accumulation linked to a market index and flexible access to cash values.

** Access to cash value 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.

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

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

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

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.

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

Whereas term life is purchased for a fixed period of time, whole life is designed to provide «living benefits,» including cash value accumulation, the ability to earn dividends, and access to the cash value of the policy through a loan or partial surrender.

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.