Sentences with phrase «additional loan against the policy»
If the policyowner does not pay interest when due, the company usually automatically charges an additional loan against the policy equal to the unpaid interest.
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Being able to take a loan against the cash value that accumulates in your policy can provide you with additional benefits while you're still living.
Also, tax - free withdrawals can be made through internal policy loans offered by the insurance company, against any additional cash value within the policy.
The plan offers additional riders in order to enhance protection as well as a loan facility against one's policy in case of financial emergencies.
One additional benefit of loans against life insurance policyis that the policy value does not change with the market as in the case of loans against gold or shares.