Sentences with phrase «access to their cash value account»

And, the policyholder always has access to their cash value account, which can be withdrawn or borrowed against for any reason.

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

Not exact matches

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.

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.

Use it to view account holdings and access information about your cash position, market value, tax position, recent transactions and pending trades.

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.

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.

However, unlike the IRA and 401 (k) accounts, there is a way to access the cash value tax - free without incurring any penalties.

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.

Permanent life insurance policies generally enable a policyholder to build up a cash account; and, in an emergency, that money can be accessed through a loan against its value.

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).