Sentences with phrase «against the cash value accumulated»

Not exact matches

As you pay your premiums, over time you begin to accumulate a cash - value component you can borrow against.

The investment component builds an accumulated cash value the insured individual can borrow against or withdraw»

You can also terminate the policy (or «surrender» it) if you want to, and get part of the accumulated funds, or you can sometimes borrow money against your policy's cash value.

Like other types of cash value life insurance policies which allow policy loans, most annuity contracts allow owners to borrow against the annuity contract's accumulated cash value.

By contrast, a Term Life policy accumulates no cash, so there's no available cash value to borrow against.

A Whole Life policy accumulates cash value throughout the life of the policy, which can be borrowed against.

Much like universal life insurance, whole life has the potential to accumulate cash value over time, creating an amount that you may be able to borrow against.

While the premiums can be fairly pricey, the protection lasts your entire life and the policy will accumulate cash value that can be borrowed against.

These policies not only provide a death benefit, but they also accumulate cash value over the course of the policy, which you can borrow against as you age.

One of the advantages of a whole life policy is that it accumulates cash value over time, thus creating an amount that a person can borrow against if needed.

Loans can be drawn against the accumulated cash value to make premium payments in the short term or supplement retirement income later on.

You can borrow against the policy's cash value, as it accumulates over time, to help cover unforeseen expenses.

A Whole Life policy accumulates cash value throughout the life of the policy, which can be borrowed against.

As cash value builds in a whole life policy, policyholders can borrow against the accumulated funds and receive the funds tax - free.

The policy accumulates cash value that can be borrowed against and used for whatever you need it for.

Although borrowing against the accumulated cash value is convenient, you have to pay it back.

Once you accumulate enough cash value, you can take a loan against your coverage.

By contrast, a Term Life policy accumulates no cash, so there's no available cash value to borrow against.

Whole life insurance accumulates cash value, too, providing you the option of borrowing against it1.

Whole (or permanent) life insurance remains in place no matter how long you live, and it can even accumulate a cash value that can be borrowed against.

Certain life insurance contracts accumulate cash values, which may be taken by the insured if the policy is surrendered or which may be borrowed against.

While the premiums can be fairly pricey, the protection lasts your entire life and the policy will accumulate cash value that can be borrowed against.

Much like universal life insurance, whole life has the potential to accumulate cash value over time, creating an amount that you may be able to borrow against.

Any accumulated cash value in your policy may be borrowed against by way of a policy loan and used to provide living benefits.

Typically, dividends accumulate inside a cash value, and you can borrow against it to pay for different things.

Most universal life policies accumulate cash - value over time that you can borrow1 against (up to a maximum limit), for whatever you like, such as a down payment on your first home or preparing for a new baby.

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.

Any cash value that may accumulate in your policy can be withdrawn or borrowed against and used for any purpose (important note: any outstanding loans or partial withdrawals that aren't paid back will reduce your policy's death benefit)

Additionally, your policy may allow you to withdraw funds against the policy's accumulated cash value.

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.

These policies also include an investment component, which accumulates a cash value that the policyholder can withdraw or borrow against.

The more time goes by the more cash value your policy accumulates and you will be able to «borrow» funds against the policy.

These policies often offer the option to take out loans against the accumulated cash value of your policy, which can offer an easy short - term influx of cash if you need it in exchange for a lower - than - average interest rate.

Permanent life insurance offers an insurance component that pays a stated amount of proceeds upon the death of the insured, while at the same time providing a cash value or investment component that accumulates cash value that the policy holder may withdraw or borrow against.

Like other permanent policies, a burial insurance policy can accumulate tax - deferred cash value over time, which can be either withdrawn or borrowed against at the policy owner's discretion.

As the cash value in a policy builds, you can borrow against the accumulated funds.

This protects the lender against default, but does not protect your family in the event of your death and does not accumulate cash value for you.

You can typically borrow against your policy's cash value, which accumulates on a tax - deferred basis.1

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.

It should be noted, whole - life policies tend to be relatively expensive, however, they do accumulate cash value which can be borrowed against should the need arise.

Whole - life policies have a level premium and accumulate cash value (savings) within the policy that can be borrowed against.

Additionally, you may elect to purchase the policy so that a level death benefit is purchased and the cash value accumulates «on top of» or in addition to the death benefit or you may choose to purchase a level death benefit in which the cash value acts as a reserve against the death benefit (thus lowering the actual cost you pay for the death benefit over time).

It also offers a cash value portion that accumulates cash that can be used by the policy holder to withdraw or borrow against.

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.

Some whole life policies are used as investments, because they can accumulate a cash value that can be borrowed against or used to cover the cost of the premiums.

Value - accumulating whole life or universal insurance is often offered as death benefit protection with a cash value component that you can borrow against or eventually cash in by surrendering the poValue - accumulating whole life or universal insurance is often offered as death benefit protection with a cash value component that you can borrow against or eventually cash in by surrendering the povalue component that you can borrow against or eventually cash in by surrendering the policy.

Continuing the prior example, assume that Sheila had accumulated a whopping $ 100,000 policy loan against her $ 105,000 cash value, and consequently just received a notification from the life insurance company that her policy is about to lapse due to the size of the loan (unless she makes not only the ongoing premium payments but also 6 % / year loan interest payments, which she is not interested in doing).

Accumulates tax - deferred cash value that can be borrowed against through an interest - bearing loan or receive if the policy is surrendered.

The main advantage of a permanent life insurance is the policy accumulates a cash value against which you can seek loans.