Sentences with phrase «access to the cash value in»

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.

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

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.

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

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).

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.

-- Access to cash values in emergencies or otherwise.

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.

Merchant cash advance loans can also be of value in these types of cases, giving you access to flexible funding with payback options based on your future credit sales.

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).

Most small - scale family farmers live in remote locations and lack access to credit, so they are vulnerable to middlemen who offer cash for their coffee at a fraction of its value.

In this specific case it happens to be increased concerns with privacy and security After recognizing this an opportunity presented itself to create a stored value transaction system that would allow anyone with Internet access — even those without credit cards — to buy anonymously and safely online just as they would at a traditional retailer today with cash.

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.

When you WITHDRAW your cash value you are removing it from the policy and therefore it will impact the cash value growth — policy loans are a better way to access the money in most situations.

Although it is not always prudent due to taxation, the cash value in the MEC can be accessed a couple of different ways.

Borrowing against your cash value allow tax free access to the money in your policy.

Also, as permanent insurance, the cash value account in universal life grows tax - deferred and can be accessed by the policyholder in the form of loans or withdrawals, subject to any applicable policy provisions.

Popular reasons for refinancing include: taking advantage of a lower interest rate that has become available, adding a spouse to the mortgage, or accessing more cash when equity rises due to an increase in the home's value.

In addition, borrowing against your cash value is a tax free benefit that allows you access up to 90 % of your cash value.

Over time, the cash value can grow and she could access it, in the form of a loan, to help with a major purchase such as a home or a car, or to meet any financial need that might arise.3

But what you gain is insurance that acts as an asset and that will grow in cash value and death benefit over time and allow you easy access to the funds for investments, paying off debt, or retirement planning.

Rather, if your equity is in your life insurance policy, apart from all the advantages listed below, you have unhindered access to your policy's cash value.

Given that withdrawals are considered taxable income when they exceed the amount you have invested in an insurance policy (i.e. your Basis), loans are typically a better way of accessing your cash value if you intend to pay back the money at some point.

In order to access your cash value, all you need to do is call your insurance company and ask for a check to be issued.

Many products build cash value on a tax deferred basis and provide a mechanism for you to access part of your money in the event of an emergency.

Whole life insurance — a type of permanent policy — may be an option for people looking for a death benefit in addition to cash value that can be accessed while they are living.

In addition to providing a guaranteed death benefit for life, typically with guaranteed level premiums for life, whole life policies develop significant guaranteed cash values over time which the policyholder can access.

The cash value accumulates tax deferred, you can access the cash value tax free (up to the cost basis ̶ the amount paid in policy premiums), and the death benefit from your policy is generally paid out to your heirs income tax free.

Although the cash value in your policy is «your» money, you can't simply withdraw it as needed, as you would cash from a savings account; but you do have limited access to your funds.

LoanMart has a fast and simple solution for quick cash needs — an Auto Equity Loan that allows a borrower to gain access to money in a relatively short amount of time by using the value of a paid off automobile as collateral.

Our Car Title Loans is a fast and simple solution to fit your emergency cash needs that allows you to gain access to cash in a relatively short amount of time by using the value of your paid off automobile as collateral.

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

This is a huge benefit because it allows the policy holder to access the cash value in the account (including the growth) without paying taxes.

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.

This would likely dilute or eliminate value in the project stakes, but allow the Board to access / return Cash far in excess of the current Mkt Cap.

And in the meantime we have significant opportunity to bring in additional cash that exceed our expenses, both through the transaction related to AV411, both through keeping up with potential Genzyme milestone payments, and then basically giving us a free look at these M&A opportunities that could create significant value for the shareholder base and give them a chance to choose something that they might not otherwise have access to.

It is also flexible in that the cash value within the policy can be accessed via a withdrawal or policy loan to supplement their retirement income or fund a grandchild's education.

Keep in mind that this all refers to cash value withdrawals — there is another way of accessing your cash value as well, and it's tax - free.

If you're like me, and have access to more miles than you can use right now, You'll see the value in switching to an all cash back strategy for online shopping.

All guests making reservations with Five Star Alliance will receive complimentary unlimited entrance to the hot springs resort, Costa Rican breakfast for 2 daily at Los Tucanes Restaurant, 2 cocktails of the day at the Arenal Pool Bar, exclusive access to Shangri - La Gardens adult's only hideaway, and a $ 75 spa coupon per room (not combinable, no cash value if not redeemed in full, some restrictions apply).

But throwing this emphasis on paying the subscription on top of charging a box price for a game whose cash shop is increasingly filled with some of the worst the market has to offer (though it mercifully falls short of full - on P2W) strikes me as wrong — and also completely unnecessary, considering The Elder Scrolls Online «s subscription already boasts some of the best value of any out there (including access to all DLC in addition to a cash shop stipend equivalent to the cost of the subscription itself).

Having said that there are two ways you can access cash value in a permanent policy without having to pay income tax.

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 is accomplished by using loans to access the cash value in the policy and allowing your money to continue to grow inside the policy.

In fact, according to a recent survey by Allianz Life Insurance Company of North America, more than half (51 %) of respondents said they were either unsure or did not believe life insurance could provide living benefits such as access to potential cash value accumulation to help fund college education, supplement retirement or other financial needs.

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

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.

For instance, a life insurance policyholder may be able to access some of the cash value to meet their immediate needs while keeping the policy in force for beneficiaries.

In addition to providing a guaranteed death benefit for life, typically with guaranteed level premiums for life, whole life policies develop significant guaranteed cash values over time which the policyholder can access.

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.