Sentences with phrase «access your policies value»

On the protection side, it generally includes a tax - free death benefit to your loved ones and has an optional feature that gives you the ability to access your policy values to help pay for costs should the insured suffer from a chronic or terminal illness, just in case.

On the protection side, it generally includes a tax - free death benefit to your clients» loved ones and has an optional feature that gives them the ability to access their policy values to help pay for costs should the insured suffer from a chronic or terminal illness, just in case.

If you can avoid taking a loan you should, but there are some distinct advantages of using a loan over a withdrawal if you need to access your policies value.

Not exact matches

These meetings are designed to further integrate Canada into the United States and have us adopt even more American standards, values and policies, and to give Americans even more guaranteed access to our resources and the unimpeded ability to buy up the ownership and control of even more of our country.

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.

Permanent insurance, which includes whole life and universal insurance policies, is for life: It provides a death benefit for as long as you pay the premium, but also may include cash value that can be accessed during the insured person's lifetime.1

While the policy allows for access to the account value in the short - term, through loans and withdrawals, there are costs and risks associated with those transactions.

Those charges may decrease the value of the policy substantially depending on how early the policy, or any portion of it, is surrendered or accessed.

This strategy is appropriate if you want to maintain access to the policy's cash surrender value during your lifetime but want to leave the death benefit proceeds to charity.

Any cash value in a life insurance policy can be accessed through policy loans and withdrawals income - tax - free that can help supplement retirement income or complement a college funding strategy.

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.

«The federal government has taken a leadership position on climate change policy while also enabling greater access to international markets for our natural resources, which ensures that Canadians receive full value for those resources.»

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).

Third, the Christian church has little access to or influence on the major policy making institutions of our society, in spite of the noisy presence of reactionary church voices and political campaign allusions to religious values.

Still, the golden rule of building relationships with key politicians by providing value before you need them, applies; industry information, issuebased white papers, international policy perspectives and access to thought leaders are as valuable here as they are elsewhere.

In a bid to improve access for policy makers to industry knowledge, the Chartered Institute of Building has launched a new website that delivers key information, data and perspectives that reveal the true extent and value of construction professionals to UK society.

• The Business, Innovation and Skills (BIS) Select Committee in the House of Commons should monitor and report on higher education funding and provision each year, assessing the impact of changes on disadvantaged students, as well as mature and part - timers; • Better co-ordination between higher education ministers from England, Scotland, Wales and Northern Ireland to rationalise student funding policies across the UK; • An investigation by the Office for Budget Responsibility (OBR) into the impact of the latest changes to grants and loans, to ensure value for money for students and taxpayers; • Stronger evaluation of university spending of # 750m a year on outreach and access programmes to maximise their impact.

Denver and other Colorado school districts should be capitalizing on the benefits of socio - economic integration for all students by supporting similar policies that ensure equal access to quality schools for all students regardless of their family income or value of their home.

Sustaining our democratic values and improving our education system call for a host of more coordinated and widespread education, economic, and housing policies — including policies to raise curricular standards, tackle insufficient funding for schools with a large share of low - income students, promote access to education resources from early childhood to college, improve dual language programs, provide economic support for families, and create more integrated schools and neighborhoods.

Pathways to College Credentials and Careers: In order to increase the economic mobility of low - income and minority students, the Joyce Foundation will support state and federal policy work to: (1) better prepare students for college and career through early college credits, work - based learning, and high school interventions to reduce college remediation; (2) increase the likelihood that low - income and minority students will complete credentials or degrees of economic value at the institutions they attend; and (3) increase access and success for low - income and minority students in the public institutions with the highest economic payoffs.

To truly embrace and advance a personalized learning approach, our policies need to break down the walls between formal and informal learning, help kids get access to lots of knowledge and advance in a chosen pathway, ensure the learning leads to quality outcomes, and find ways to assess and determine the value of that learning.

Refund Policy: Due to the incredible value provided in this program, your access to the materials and to the content as described on this page, there are no refunds available with this offer.

While many school districts and libraries have a policy honoring parents» wishes that their own children be given alternate assignments for class readings that conflict with their morals or religious beliefs, in far too many instances schools cave in to parental outrage and simply remove a book from class reading lists; when the angry mob gets loud enough or politicians up for re-election on the «family values» ticket need to make some noise, they've even resorted to pulling the access to the book, removing it from school and public libraries and classroom borrow shelves.

The cash value within the policy can be accessed at any time to supplement their retirement income or fund a grandchild's education.

Another way to access the cash value is to borrow from the policy.

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.

The policy will also terminate if you surrender it to access the cash value.

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.

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.

This means that, while the policy's cash value will grow very slowly, it can continue to grow for decades and is available if your child or grandchild ever wants to access it.

Some permanent life insurance policies also have cash values that can be accessed throughout life for many purposes.

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.

The benefit of combining the two insurances into one policy is you get life insurance death benefit coverage, help with your long - term care services, cash value growth that can be accessed via policy loans, with full cash surrender value plus return of premium if necessary.

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.

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.

With a cash value policy, money can be accessed before death.

And don't forget that you can also access the growth of your account tax - free, by taking a life insurance policy loan (sometimes called a swap loan) against your cash value.

You can also access your policy's cash value via a withdrawal or loan for tax - free retirement income.

Life insurance policy loans are a unique way in which many policy holders access their cash value without incurring any tax hit.

As with other types of permanent insurance, you can access the cash value account in an IUL policy via withdrawals and loans.

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.

Therefore, if you use policy loans to access your cash value you may never have to pay taxes on your gains.

Access funds Your policy's cash value can be used for a variety of needs such as: education, retirement income and emergencies with no credit checks or application required.

You can access cash value, through loans and withdrawals, potentially free of current income tax as long as the policy stays in force until the Insured's death.

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

You may also access your cash value by surrendering (canceling) the policy.

With a new term policy, you won't have access to accumulating cash values like permanent policies offer, but you can be insured for another term at a significantly lower cost compared to permanent insurance.

... 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.

Like a traditional Whole Life Insurance policy, a Child Life policy also builds cash value, and can be accessed in the future for expenses like school tuition, buying a new house, a vehicle, etc..