Sentences with phrase «against the cash value account»

Furthermore, the death benefit is fixed, minus any outstanding loans against the cash value account.

Not exact matches

And don't forget that you can also access the growth of your account tax - free, by taking a life insurance policy loan (sometimes called a swap loan) against your cash value.

And when a life insurance loan is taken out against the policy's cash value, the cash account still is credited with the guaranteed rate and dividend.

One of the benefits of cash value life insurance such as whole life and universal life is the ability to take out a life insurance loan against the cash value of your account.

And, the policyholder always has access to their cash value account, which can be withdrawn or borrowed against for any reason.

Permanent coverage has the potential to build cash value, which means that, generally, the premiums you pay (1) grow with interest; (2) can, in some cases, be borrowed against; and (3) on indexed and variable policies, can be placed within investment accounts.

Aventura Points have no monetary value and can not be exchanged for cash or credit against your Credit Card Account balance.

To the extent a Fund sells securities short, it will provide collateral to the broker - dealer and (except in the case of short sales «against the box») will maintain additional asset coverage in the form of cash, U.S. government securities or other liquid securities with its custodian in a segregated account in an amount at least equal to the difference between the current market value of the securities sold short and any amounts required to be deposited as collateral with the selling broker.

Investment of cash in gold is also specifically a hedge against currency inflation; paper money, account balances, and even debt instruments like bonds and CDs can lose real value over time in a «hot» economy where there's more money than things to buy with it.

There can be high risk to the investment account value based on the market, but if you do have cash value, you can take partial withdrawals or loans against it.

You can borrow against your policy's cash value or you can close your account and collect the funds at any time if your financial situation necessitates the need for funds.

You can use the cash account in a number of ways — you can withdraw money from the account or you can borrow against the cash value.

Surrender Charge Typically applicable to adjustable life, indexed universal life, and variable universal policies, a generally declining schedule of charges against the cash value may be imposed on the policy for a certain number of years from policy inception if the policy is surrendered, the death benefit is reduced, or in some instances, the surrender charge is taken into account in the monthly calculation to determine if the policy is still in force.»

This cash value account provides an additional layer of financial flexibility by allowing you to borrow against that cash value.

You can take out a loan based on the account's cash equivalent value against the policy as the value grows.

And realistically speaking, you may not live long enough to gain the most cash value possible on your account to borrow against in times of need.

In spite of any potential disadvantages, particularly if your premium payments lapse or you need to borrow against the cash value of your account, several features may work in your favor.

Permanent insurance policies have a savings account that may build cash value that you can withdraw or borrow against in the future.

Premiums are fixed for the life of the policy, and there is a cash account that accumulates cash value and can be used to pay premiums for a period of time or borrowed against.

Both types allow for tax deferment of the cash value account and allow for loans against the cash value; however, whole does not provide you the ability to increase or decrease the death benefit as you financial needs change throughout life.

And don't forget that you can also access the growth of your account tax - free, by taking a policy loan (sometimes called a swap loan) against your cash value.

You can also borrow money against the account or surrender the policy for the cash value.

While not to take the place of a savings account, some permanent insurance products have a cash value component that accumulates interest which can be used, via surrendering the policy or borrowing against it, for future expenses such as medical bills; however, the value grows more slowly than a typical investment plan and if you don't repay the policy loans with interest, your death benefit will be reduced.

Accumulates Cash Value: Some of the funds from your premium payment will be placed in a cash account that you can borrow agaiCash Value: Some of the funds from your premium payment will be placed in a cash account that you can borrow agaicash account that you can borrow against.

Permanent life insurance policies generally enable a policyholder to build up a cash account; and, in an emergency, that money can be accessed through a loan against its value.

They usually also accumulate cash value which can then be paid out in dividends or applied to your account as a payment against your premium.

As your cash value account grows through tax - deferred interest, the policyholder can easily take loans against the policy on a tax - free basis for any reason, In fact, policy loans are not required to be repaid.

The insured can borrow against the cash value of his or her insurance policy, but the amount that will be extended as a loan is restricted to account for the fact that investments rise and fall in value.

And when a life insurance loan is taken out against the policy's cash value, the cash account still is credited with the guaranteed rate and dividend.

You've heard that some kinds of insurance allow you to «borrow» against the accumulated cash value as a tax - sheltered investment account.

The cash value that accumulates in a life insurance policy is like a personal bank account, in that the assets can only be drawn against by you and you are the loan officer.

The client could borrow or withdraw against the $ 50,000 cash value, but not the account value.

This is similar to neg amortization side account within the policy against the cash value.

When parents leave a house to their two children and one child wants all of the house, the Trustee of a trust may be able to borrow against the house, put the loan proceeds into a trust bank account and distribute the home to one child and the loan proceeds (cash) of equal value to the other child.