Sentences with phrase «accumulate cash value without»

With whole life insurance, you pay level premiums until you turn a certain age, after which you don't have to pay anymore: you'll remain covered or you can withdraw the accumulated cash value without paying a surrender fee.

With whole life insurance, you pay level premiums until you turn a certain age, after which you don't have to pay anymore: you'll remain covered or you can withdraw the accumulated cash value without paying a surrender fee.

And when you decide you don't want the «term» policy anymore, simply surrender the policy and receive a full distribution of your accumulated cash value without any surrender charges; on the other hand, if it turns out that you do need the policy for longer than the original term time horizon, you have a permanent policy that can be maintained and receive additional deposits as necessary, without the hassles and hazards of seeking out a term conversion.

Universal life policies allow policyholders may also borrow against the accumulated cash value without tax implications.

Not exact matches

With permanent life insurance, you can access accumulated cash value to cover retirement expenses without generally having to pay any tax on the distribution, although it does reduce the cash value and death benefit amounts.

Can an insurance company use the accumulated cash value of a policy if the policyholder is no longer able to pay the premium — without the policyholder's permission?

The ability to accumulate this cash value on a tax - deferred basis and borrow from it without any income tax consequences has made whole life insurance a popular option for many.

Section 1035 exchange: Under IRS Section 1035, a policyowner can exchange one life insurance policy with another and transfer the accumulate cash value from the old policy to the new one without incurring any taxes on the cash accumulation.

As cash value accumulates, policyholders may access a portion of the cash value without affecting the guaranteed death benefit.

Don't let the cash value accumulate in a permanent life insurance policy without deciding how you will use it.

Today there are permanent policies with no lapse guarantees that can offer protection that can not be outlived without the extra burden and expense of accumulating cash value.

If you let the plan accumulate cash value, your recipients will be assured of a set (face) quantity without having to pay taxation on the continues.