Sentences with phrase «against the cash value accumulation»

You can also opt to borrow against the cash value accumulation portion or simply cash it out later in life.

If you have borrowed against the cash value accumulation while still alive, any amount that has not been re-paid, along with interest, will be deducted from the death benefits when you die.

You also have the option to borrow against the cash value accumulation of the policy at a lower rate than you would get at a bank.

Can Borrow Against the Cash Value of a Whole Life Policy Another convenient feature of a whole life policy is that you can borrow against the cash value accumulation feature.

Not exact matches

You can always borrow against the cash value of the policy, and you won't have to pay any taxes on that accumulation unless you choose to redeem it.

Our other reason for not pitting non-direct vs direct recognition companies against each other is simply that our review of the best cash value whole life insurance companies is NOT strictly based on cash value accumulation.

• Coverage is for life, eliminating the need to renew the policy • Provides death benefits • Cash value accumulation feature, which builds up over the life of the policy • Allows you to borrow against the policy • Allows you to surrender the policy

Another distinct benefit offered by the cash value accumulation portion is that you can also borrow against it.

Whole life insurance provides a guaranteed lifetime coverage, fixed premiums and cash value accumulation, that can be withdrawn or borrowed against via life insurance loans.

The agent will likely tell you that the cash value accumulation is tax deferrable and that you can also borrow against the policy which is true.

The cash value accumulation portion of any permanent life insurance is only available to the insured person while they are still alive, and is available to borrow against (for which the policyholder will be charged interest) or for withdrawal.

Our other reason for not pitting non-direct vs direct recognition companies against each other is simply that our review of the top ten best whole life insurance companies is NOT strictly based on cash value accumulation.

It generally takes 12 — 15 years before you can take advantage of the the cash value accumulation portion, but you can borrow against it.

Both these policies have an in - built cash value that you can access after a few years of accumulation that you can surrender for most of its value or borrow against.