Sentences with phrase «access to the cash value of»

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.

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.

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.

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.

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.

The NYT slaps de Blasio for professing «a devotion to goodness and idealism, and working for «the people» while quietly taking unlimited sums of cash from big donors, supposedly because these benefactors love the values he fights for and not the access and influence that buckets of money can buy.»

Whole Life Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawals.

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

Of course, this simplified view ignores the utility and value that Korean Air passengers may place on the VIP lounge access, but consumers should also consider the value of other non-Korean Air spending that they're missing out on that they would have otherwise been able to earn with theCiti ® Double Cash Credit CarOf course, this simplified view ignores the utility and value that Korean Air passengers may place on the VIP lounge access, but consumers should also consider the value of other non-Korean Air spending that they're missing out on that they would have otherwise been able to earn with theCiti ® Double Cash Credit Carof other non-Korean Air spending that they're missing out on that they would have otherwise been able to earn with theCiti ® Double Cash Credit Card.

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.

A home equity line of credit gives you access to a sizable pool of cash, usually up to about 85 % of your home's value, less the balance remaining on your mortgage and adjusted based on your creditwortthiness and ability to pay.

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.

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

... because as the policy vests to your key employee, the premiums can become tax deductible for your business AND prior to vesting, while your business owns the policy, you can access the cash value for your business operations for all of the other reasons discussed above.

However, cash value accumulation isn't the usual emphasis of guaranteed universal life insurance, policies do allow for the accumulation of some cash value and allow you to access it.

Since most going concerns consume cash, their earnings streams may be of limited value unless such flows are also combined with access to capital markets, either credit markets or equity markets or both.

Life insurance provides the benefit of easy access to your policy's cash value, providing you with maximum control.

All Asset - Care plans include a guaranteed death benefit, guaranteed cash value growth and access to 100 % of the death benefit for qualifying long - term care expenses.

Moreover the flexibility of cash value life insurance allows you to access the funds for other investments when opportunities are made available, such as during market crashes and bubbles popping.

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

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.

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.

When making a charity the beneficiary of a permanent policy, the donor retains ownership of the permanent policy and, therefore, has continued access to the policy's cash value.

Universal life insurance policies offer flexible premiums that may allow you to adjust how much you'll pay each year by accessing some of the policy's cash value (though you will need to pay the minimum premium amount or the policy will lapse).

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.

Most people don't know that they have access to large amounts of cash using the equity (value) of their home or income property.

The cash value of a whole life insurance investment policy can be accessed without having to jump through the various hoops that are necessary for a bank loan, including a credit check and reams of paperwork.

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.

Bill worked with his Agent to manage accessing the cash value carefully, because accessing the cash value carries a risk of contributing to the lapse of the policy.

The cash value of variable insurance isn't guaranteed if your investments underperform, and the cash value of a universal life policy is protected from risk but can be depleted if it's accessed to pay the policy premiums (explained below); neither offers dividends.

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.

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

Similarly, this is why the employee is only paying the amount of applicable term insurance if they are only receiving access to the death benefit while the employer has access to cash values.

This specific type of whole life insurance offers substantial benefits to key people due to the steady accumulation of cash value within the policy and the flexible access to cash, as well as favorable tax treatment.

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.

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.

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.

Term life insurance can be converted into another type of policy that carries a cash value, which means you would have access to withdraw a designated amount from the policy.

Instead, he stated this negative spread was worth the value of the liquidity the consumer would have by having access to this cash.

Customers with a Signature Rewards Plus product pay a higher annual fee than Platinum Rewards Plus customers and as a result have access to more robust and valuable redemptions options; including Cash - back at a value of 1.25 %.

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).

This is accomplished by gaining access to a portion of your universal life policy cash value.

For those with children, any available cash value that a life insurance policy may have accumulated can be accessed through policy loans and withdrawals to help fund a variety of expenses ranging from day care to supplementing college funding.

This policy allows policyholders to have their premiums returned to them if they outlive their coverage term, and also allows them to access cash value during the life of the policy.

A permanent life insurance policy with a specific cash value allows the lender access to that amount as repayment of the loan if the borrower were to default.