Sentences with phrase «against the cash value at»

Another plus is you can borrow against the cash value at a decent interest rate, which will be deducted from the insurance policy if you die.

The policyholder can borrow against the cash value at any time to do any number of things: debt pay off, vacation, or even supplement retirement income.

Any outstanding loans against the cash value at the time of the policy holder's death are deducted from the face value of the policy.

It allows you to borrow against that cash value at any time during your life, tax - free.

Not exact matches

He had paid cash for her house in Gainesville, valued at roughly $ 900,000, but he says one of his financial advisers took a loan out against it in his name without his knowledge — which left Hearn - Pearson as one of her son's largest creditors.

You may take a loan against the cash value or surrender them at any time.

The remaining 20 % -30 % in cash equivalents continues to provide value as a buffer against downside volatility, as well as serve as a storage place until it is time to acquire assets at more attractive prices.

The cash value element is usually the point of attraction that convinces most people to purchase this product, for which you can borrow against at anytime.

What asset is easy to liquefy (even in case of severe local crisis) but immune to local hyperinflation and strong against global crises, plus doesn't lose value over time, or at least loses it slower than cash?

You can cash it out at any time or even draw loans against the value of the policy.

At retirement, you borrow against the policy's cash value, receiving tax - free payments to supplement your retirement income.

You can use the cash value, or savings portion, as collateral; you can withdraw or borrowed against it, and you also have the option of buying the policy at a» surrender value,» which means you can cancel the policy for a single cash payment.

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.

The company has a market capitalization of just $ 37M based on its Friday close of $ 2.50 against a net cash value some 146 % higher at $ 91.2 M or $ 6.15 per share.

ARTIST OF THE YEAR: KEVIN GRASS Artist Kevin Grass was announced the winner of the [PLATFORM] Artist of the Year Awards and will receive prizes valued at $ 65,000, including a $ 10,000 cash advance against future royalties, a publishing and licensing contract with Art Brand Studios, and numerous exhibition opportunities at Redwood Media Group's 2016 — 2017 shows.

Last month, a panel of judges on the 9th Circuit held that the Winkelvi were stuck with the cash and stock settlement (valued at over $ 65 million) they had negotiated back in 2008 to resolve their now - famous lawsuit against Facebook founder Mark Zuckerberg.

It also has a cash value component that builds over time and can be borrowed against at any time.

It is important to note, however, that even though a withdrawal or a loan is not required to be paid back, if there is an unpaid balance in the cash - value component of the policy at the time of the insured's death, then the amount of that balance will be charged against the death benefit that is paid out to the policy's beneficiary.

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 value, or savings portion, as collateral; you can withdraw or borrowed against it, and you also have the option of buying the policy at a» surrender value,» which means you can cancel the policy for a single cash payment.

The cash value grows at a guaranteed rate annually and can be borrowed against to pay for certain things (such as an emergency hospital bill), but is not added to the death benefit.

The clear advantage is combining the affordability of term life insurance with the security of a facsimile of a cash value that is paid out at the policy's termination, assuming no claim against it.

Policy owners can withdraw from their cash value or borrow against it at any time, for any purpose.

And the best part is the cash value can be borrowed against tax free * at any time and for any reason.

A policy owner who takes a loan against the available cash value may choose to pay back the loan with interest, or to have the amount owed deducted from the death benefit at the time of payout, or to surrender the policy and have the amount owed deducted from the available cash value.

The cash value of the life insurance policy represents money that is built up against the death benefit to reduce the «net amount at risk» for the insurance company.

It is important to note here, though, that any un-repaid balance in the cash value that remains at the time of the insured's death will be charged against the amount of the death benefit that is paid out to the policy's beneficiary.

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.

These policies also have a cash value feature, so you can cash them in or borrow against them at any time.

* You won't be able to get loans against term life policies * No cash value would be generated * If you'd need to renew this policy at the end of the term the premium may not remain the same and might well be beyond your reach.

In general, life insurance policies are purchased by you and maintained by you, and they usually build cash value that you can even borrow against at some point during your life.

Any amount of an unpaid cash value balance, however, will be charged against the death benefit that is paid out to the policy's beneficiary at the time of the insured's death.

Loan — Life insurance contracts with a cash value typically allow the policyholder to borrow money against the cash value, tax free at time of loan and for any purpose.

One of the virtues of cash value life insurance is that insurance companies are willing to make loans against the policy at relatively favorable interest rates, because the insurance company knows that it can always foreclose on the policy (i.e., force its surrender) as collateral to repay the loan.

A key benefit is the ability to withdraw the cash value or borrow against it at a low - to - zero net cost.

$ 50 per month for $ 50,000 worth of life insurance stays the same at the age it is purchased until the insured dies or until they outlive the policy; usually 99, 100, or 101... Whole LI also accrues cash value that can be borrowed against.

Unlike term policies, the death benefit doesn't expire at a certain age and whole policies build cash value that can be borrowed against or passed on to your heirs tax - free — but only if you always pay your premium.

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.

You can close your policy at any time and collect its cash value or, in many cases, you can take out low - interest loans against it.

Borrowing against or withdrawing the cash value of a policy will reduce the death benefit and could put the policy at risk of lapsing.

Most ordinary life policies are issued with an automatic premium loan provision that authorizes the company to automatically pay the premium by borrowing against the cash value if the premium remains unpaid at the end of the thirty - one - day grace period.

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