Sentences with phrase «accrued cash from»

And just as you might pick peaches every year, you can take accrued cash from a whole life policy.

Not exact matches

At one point the house, that was never mortgaged because of the cash settlement from the fire, was mortgaged just to pay off the debt, which was then accrued again.

There's a special rule for U.S. Savings Bonds, from which income generally accrues tax - free until the bonds are cashed in.

Part of the strategy is to work with mutual life insurance companies that allow flexibility in borrowing from the policy and allow the cash value to accrue regardless of outstanding policy loans.

At the end of the first year, any accrued cash back is doubled due to a match deal from Discover.

A finance charge will be imposed on cash advances from the date made or from the first day of the billing cycle in which the cash advance is posted to your account, which ever is later, any will continue to accrue until the date of the payment.

In addition to the fee, interest starts accruing from the day of the cash advance.

By cash value life insurance, I am referring to whole life insurance from a mutual company that accrues high cash value due to paid up additions and pays dividends.

* When you take advantage of the 2.9 % APR (annual percentage rate) promotional offer, Visa ® balance transfers will be treated as a cash advance and will accrue interest at 2.9 % APR from the time that the transaction posts until 12/31/19; thereafter, any remaining balance will begin to accrue interest at the cash advance rate, which is currently 9.9 % APR and subject to change.

Also, there is no time period within which you may pay to avoid the assessment of interest on Balance Transfers or Cash Advances because interest will accrue on any Balance Transfer from the posting date and on Cash Advances from the date of the transaction until it is paid in full.

At the end of the first year of obtaining this card, all of the accrued cash back is doubled due to the cash back match offer from Discover.

Accrued revenues are noncash transactions, meaning the company must deduct these amounts from net income to calculate net cash flow.

If you decide to transfer your debt from one card to another — maybe another card offers a better APR — you'll also accrue a balance transfer interest rate, which is usually the same as either the interest rate or cash advance rate.

In general, cash value that accrues within the life insurance policy not taxable if not withdrawn from the policy.

Fees apply to each Cash Advance and Cash Advances Accrue interest at the Cash Advance rate that applies to your Account from the date the Cash Advances is made.

Dividends begin to accrue on all accounts indicated above on both cash and non-cash items (e.g., checks) from the date of deposit.

3 PSECU Visa ® Founder's Card: When you take advantage of the 3.9 % APR (annual percentage rate) promotional offer, Visa ® Founder's Card balance transfers will be treated as a cash advance and will accrue interest at 3.9 % APR from the time that the transaction posts until 12/31/19; thereafter, any remaining balance will begin to accrue interest at the cash advance rate, which is a variable APR equal to the Prime Rate plus a margin of 9.15 %.

2 PSECU Visa ® Classic Card: When you take advantage of the 2.9 % APR (annual percentage rate) promotional offer, Visa ® balance transfers will be treated as a cash advance and will accrue interest at 2.9 % APR from the time that the transaction posts until 12/31/19; thereafter, any remaining balance will begin to accrue interest at the cash advance rate, which is currently 9.9 % APR and subject to change.

Additionally, surviving spouses can withdraw cash from the IRA early for any reason without accruing the usual 10 - percent penalty — no questions asked.

A finance charge begins to accrue on cash advances from the date you get the cash advance or from the first day of the billing cycle in which the cash advance is posted to your account, whichever is later (transaction date).

As we touched on above, this strategy of borrowing from a properly structured whole life insurance policy allows you to continue to accrue cash value, tax free, regardless of the amount borrowed and at reasonable market rates.

Fees apply to each Cash Advance and Cash Advances accrue interest at the Cash Advance rate that applies to your Account from the date the Cash Advances is made.

The corporation that employs you may have negotiated a cash rebate with the bank in place of the points that accrue from charges made.

If you have a Capital One miles card, but can't use up all the miles you've accrued, you can get cash back from your rewards, too.

The only direct means of obtaining cash from your credit card, cash advances can become very costly, very quickly through a combination of high interest rates (the fees for which start accruing immediately — cash advances have no grace period) and hefty cash advance fees.

This allows you to purchase a ticket directly from Delta for cash using the accrued miles to offset some of the cost.

So he calculated the number of months left until the trip, looked at his monthly spending, and found that he'll accrue enough rewards to go ahead with the trip using points even if he cashes in his rewards now to pay off the debt from his new baby.

When activated, the Overloan Protection Rider converts the policy to a «paid - up» status and prevents the policy from lapsing when the policy's cash surrender value is insufficient to cover monthly deduction charges due to significant loans or if any outstanding loans plus accrued interest exceed cash value.

And as you begin to pay down your loan, (perhaps with the cash flow from your new rental property), you are actually increasing your rate of return on your money because paying down your principal in your loan is causing less interest to accrue.

On death, the beneficiaries receive an increased death benefit from the cash value amount that was accrued within the policy.

The cash value is an investment that receives a part of your premium each month and grows both from your premium payment and from accruing interest.

If cash is borrowed from the policy, interest will accrue on the outstanding loan balance.

You can borrow on the cash accrued at any time — however this is considered borrowing from the policy itself.

With a loan, you can access a certain amount of cash from the policy, tax free, and it is treated as a typical loan, accruing interest until it's paid back.

The cash value is the savings part of the insurance policy which is based on the premiums paid and the returns from the investment that have accrued over the years.

1 The maximum loan value is the cash value as of the date of the loan, less any existing loan and accrued interest and interest on indebtedness from the date of the loan to the next policy anniversary date.

In fact, the controller alleged that John Hancock has a practice of avoiding paying death benefits, instead collecting premiums from the accrued cash value of a policy, even when the premium payments stop coming from the insured.

You can pay back the money plus accrued interest or, if you choose to not pay back the money borrowed, it will simply be deducted when the policy's death benefit is paid, or else deducted from the cash value when the policy is cashed in.

Perhaps what needs to be said is that the accrued interest is also deducted from the cash value — either in advance (at the time the loan is taken) or in arrears (at the end of 12 months if it has not been repaid)-- and added to the loan principal.

Loans taken from the policies also accrue interest, which will further decrease the policy's cash value and death benefit.

On the other hand, whole life insurance advantages begin with the cash value that accrues, making whole life a steady long term investment, especially since returns are guaranteed and tax - deferred until they are withdrawn from the policy.

Any outstanding loan, with accrued interest, will be subtracted from the death benefit or cash value, upon death or surrender, respectively.

Part of the strategy is to work with mutual life insurance companies that allow flexibility in borrowing from the policy and allow the cash value to accrue regardless of outstanding policy loans.

* Please note that any loans taken from the life insurance policy must be paid back with interest and that the interest earned on the cash accrued is normally much less than what can be earned if you were to invest on your own.

By cash value life insurance, I am referring to whole life insurance from a mutual company that accrues high cash value due to paid up additions and pays dividends.

Permanent Life also differs from Term in that all forms of permanent life insurance accrue a «Cash Value».

Only whole life insurance, not term, accumulates cash value from which a loan may be taken While the loan does not have to be repaid, if it is not, the loan plus accrued interest will be deducted from the death benefit.

Policy loans are generally available from the accrued cash value.

The cash value accrued in the policy is available to borrow from and use as you see fit.

Some permanent life policies also have a cash value that accrues over time, giving you a financial vehicle to draw from in later years if the needs arise.