Sentences with phrase «accessing their cash unless»
This type of headache tends to keep participants from accessing their cash unless they have a serious need.
https://www.insuranceandestates.com/ Not exact matches
Though you can get a Bluebird card online, you will not be able to access some of the free features - including free cash reloads, unless you go to a Walmart.
Before we talk about how to access these funds, keep this in mind: You should not take money from those accounts unless you are experiencing a genuine emergency and you have no other acceptable way to raise cash (a very high interest payday loan would be worse, for example).
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.
In any event, I opened the line intending to only use it for emergencies — it was basically free access to extra cash, with no real risk unless I actually use the money.
For most businesses, earnings can not have a positive value unless also combined with access to capital markets to fund cash shortfalls.
And trust me, at some point life will pimp slap you in the face and it's going to be painful unless you have access to an emergency cash reserve to get you out of trouble.
Thus, unless you no longer need the insurance benefits provided by the policy, taking a loan offers you the ability to maintain insurance coverage while still accessing a significant portion of the cash.
As with most whole life policies, you do have access to cash via loans (or policy surrender), though it will affect the long term performance and death benefit payout unless repaid.
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.
Even policy loans will be taxed, so it becomes much more difficult to access cash within a MEC policy unless the owner is willing to face the tax consequences.
Thus, unless you no longer need the insurance benefits provided by the policy, taking a loan offers you the ability to maintain insurance coverage while still accessing a significant portion of the cash.
Unless you have access to a couple hundred grand in equity, I would start slow and take advantage of conventional cash out refi loans to stretch your capital as best you can.