Sentences with phrase «accessed through withdrawals»

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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.

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.

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.

It's important to note that accessing the cash value through loans and partial withdrawals will reduce the cash value and death benefit.

Account access — You can access your business credit line by withdrawal or transfer at any Alaska USA branch, through the Member Service Center, through UltraBranch ®, or by mail.

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.

If you decide to access the cash value through a loan or a withdrawal you will be taxed income - out - first like an annuity and if you do so before reaching age 59 1/2, you could face a 10 % income tax penalty.

You might need to access your policy's cash value through loans or withdrawals to meet wealth transfer or retirement planning needs.

You can access your life insurance cash value through life insurance loans, withdrawals and surrender.

Increased estate value Control and access to your money for emergencies and opportunities through policy loans and withdrawals Living benefits to help pay for the expenses of chronic illness and care Transferring money efficiently to your heirs

An online checking account is a convenient way to easily control and access funds through deposits and withdrawals.

Most NULIPs offer unlimited free switches between funds, there are some NULIPs which allow up to 95 % of the fund value to be accessed through partial withdrawals.

* Accessing cash value through loans or withdrawals will decrease death benefit.

2 Cash values can be accessed through loans and / or withdrawals, but these will reduce the death benefit and may have tax consequences.

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.

Clients can access the cash value through tax free loans and withdrawals, and they can choose how to build their portfolio.

Cash value can be accessed tax free through withdrawals up to your basis or via life insurance loans.

Contributions to a cash value option allow you to build a reserve that you may have access to through loan and withdrawal options.

Access to Cash: Once the premiums are accumulated, you can access your life insurance cash value through policy loan or withdrawals, for family opportunities, education, emergencies,Access to Cash: Once the premiums are accumulated, you can access your life insurance cash value through policy loan or withdrawals, for family opportunities, education, emergencies,access your life insurance cash value through policy loan or withdrawals, for family opportunities, education, emergencies, etc..

You might need to access your policy's cash value through loans or withdrawals to meet retirement planning needs.

Access the money through paid up additions withdrawal — it allows you to withdraw the cash value of the same in case of any need.

Note that accessing the cash value through loans or withdrawals will reduce the cash value and death benefit.

* Accessing cash value through loans or withdrawals will decrease death benefit.

And, there are also options for accessing cash value via loans and / or withdrawals, as well as through accelerating the death benefit if the insured contracts certain illnesses.

You are also able to access your cash value that has been accumulated through withdrawals and policy loans.

Employees may choose to pay only the cost of insurance premium or to make additional payments to the cash value of a policy, which can be accessed through loans or withdrawals.

These funds may be used in the future for other financial needs and they could be accessed via withdrawals or through policy loans.

Once the policy's cost basis has been reached through withdrawals, policy loans may be access without income taxation subject to certain conditions.

Affordable coverage for your entire life Level, fixed premium rates that will never change Building of cash value on a tax - deferred basis Access to policy's loan value1 through policy loans and withdrawals, if needed An option as part of your estate planning / funeral expenses The comfort that comes from knowing that you have secured the future for those counting on you

In many cases, unless there is a «restricted or controlled executive bonus», the key executive will have immediate access to policy cash value and may access that cash value without income tax through policy loans and withdrawals.

Any cash value accumulation will grow tax deferred and may be accessed by the employee income tax - free through withdrawals and policy loans.

«Life insurance cash values can be accessed during the policy owner's lifetime through two ways, loans and withdrawals,» says Jason Silverberg, vice-president of financial planning at Financial Advantage Associates (Rockville, Maryland).

Non-resident alien has income - tax free access to the policy's cash value through loans and withdrawals up to the basis of the policy (the accumulated premiums paid).

You can control your money and access it in any case of emergencies and opportunities through policy loans and partial withdrawals.

Make sure that you understand what your cash value minimum and expected amounts will be at various years of your policy, and make sure you understand the rules for accessing this money through either loans, withdrawals, or surrenders.

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.

When the total return of the policy is calculated using both the death benefit and dividend payments (and especially when coupled with the early access to money through withdrawals) it becomes a net positive for total money paid from the policy.

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.

Furthermore, these values can be accessed in later years and, when done properly through loans using the account as collateral, instead of direct withdrawals, they may be received free of any income taxation.

The accumulated funds in the cash value account can be accessed through policy loans or withdrawals.

Professional Duties & Responsibilities Managed daily banking operations and financial product sales for multinational banking institutions Generated significant revenue through successful leveraging of bank products and services Consistently recognized for excellence in sales, marketing, and team management Hired, trained, and reviewed financial sales associates, tellers, and support staff Offered career development services to build employee value, efficacy, and dedication Interfaced with business, insurance, and investment partners to provide holistic client service Built long - term relationships with customers, partners, and industry contacts Monitored compliance with legal and corporate policies protecting company and client assets Responsible for personal, home mortgage, automotive, and business loans Opened, updated, and settled personal and business accounts Oversaw teller transactions including deposits, withdrawals, cashier's checks, and vault access Resolved customer service inquiries resulting in client satisfaction and repeat business