Sentences with phrase «against the cash value of one's policy»

While your monthly premium usually won't change with whole life, you can generally borrow against the cash value of your policy with favorable terms.

You are also allowed to take a lump sum as a policy loan against the cash value of your policy.

Like whole - life, loans can be taken against the cash value of the policy.

While your monthly premium usually won't change with whole life, you can generally borrow against the cash value of your policy with favorable terms.

You can borrow money against the cash value of your policy in case of urgent need.

This allows the policy owner to borrow against the cash value of the policy without the need to qualify or put up collateral on the loan.

Over time, after money has accumulated, you can withdraw or borrow against the cash value of the policy for emergencies (the available amount will vary by company) 1.

The policyholder receives dividends from the insurance company, and he or she can borrow against the cash value of the policy if the funds are needed.

However, surrender charges may be applied against the cash value of your policy.

Use this form to request a loan against the cash value of your policy, while still maintaining your insurance coverage.

Whole life insurance policies also allow for loans to be taken against the cash value of the policy.

One option is to borrow money against the cash value of your policy.

You can borrow against the cash value of the policy with no underwriting or credit check.

After a certain length of time, and depending on the policy and the insurer, you can also borrow against the cash value of the policy.

He will be able to pay the same $ 200 monthly premium for his entire life, while potentially taking out loans against the cash value of the policy down the road to cover the cost of future premiums.

«On the other hand, if the policy performed well according to expectations, you as the policyholder could be able to start taking loans against the cash value of the policy on a tax - free basis.»

You may make a loan against the cash value of the policy at a specified rate of interest or a variable rate of interest but such outstanding loans, if not repaid, will reduce the death benefit.

This means a VUL owner can borrow money during retirement against the cash value of the policy and never pay tax on that money.

Also you can borrow against the cash value of the policy without accruing interest charges.

Policyholders can either withdraw or borrow against the cash value of the policy for any reason, including paying off high - interest debt, supplementing income, or even taking a nice vacation.

Most Universal Life policies come with an option that allows the policyholder to take out a loan / borrow money against the cash value of their policy.

Loan (Policy Loan) is a loan that the policy holder takes against the cash value of a policy.

One of the key provisions of a universal life policy is that most will allow policy holders to take out a loan against the cash value of the policy.

Additionally, many permanent life insurance policies provide a financial vehicle that can be useful to you while you are still alive, allowing you to borrow against the cash value of the policy without a credit check or the need of putting up collateral.

Keep in mind that if you've borrowed against the cash value of your policy and pass away, the loan will be deducted from the policy's death benefit.

If you pass away after and have borrowed against the cash value of your policy, the amount borrowed will be deducted from the death benefit.

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.

Keep in mind that if you've borrowed against the cash value of your policy and pass away, the loan will be deducted from the policy's death benefit.

If you pass away after and have borrowed against the cash value of your policy, the amount borrowed will be deducted from the death benefit.

You can borrow against the cash value of the policy.

Yellen advocates taking out a life insurance policy and then borrowing against the cash value of that policy.

You can borrow against the cash value of the policy, or collect it when the policy is surrendered.

It's important to note that when you borrow against the cash value of your policy, interest will be charged on the loan, but in most cases the interest rate tends to be very low.

In addition, you may be able to borrow against the cash value of your policy.

With this option, the premium will still be paid by the policyholder — automatically — by a loan against the cash value of the policy, as long as there is enough cash value that has been built up by that time inside of the cash value component in order to cover such a loan.

It's important to note that when you borrow against the cash value of your policy, interest will be charged on the loan, but in most cases the interest rate tends to be very low.

Loan Form Use this form to request a loan against the cash value of your policy, while still maintaining your insurance coverage.

If you pass away after and have borrowed against the cash value of your policy, the amount borrowed will be deducted from the death benefit.

In addition, you may be able to borrow against the cash value of your policy.

There are many attractive life insurance policy features such as the ability to borrow against the cash value of your policy and the option to receive dividend payments.

If a policyholder has selected the automatic premium loan provision, a loan would automatically be taken against the cash value of the policy to pay the premium in the event the policy was about to lapse for nonpayment of premium.

A better idea is to borrow against the cash value of the policy to help you through tough financial times without losing your coverage.

You can borrow against the cash value of the policy, or collect it when the policy is surrendered.

After a certain length of time, and depending on the policy and the insurer, you can also borrow against the cash value of the policy.

Should you have a need for emergency cash, you could borrow against the cash value of your policy to help provide for your family when times are tough — it's like a small financial safety net.

If you need to borrow a loan against the cash value of your policy, this can be achieved and this is a superb feature to have.

Both the universal life policy and whole life policy allow withdrawals or loans against the cash value of the policy.

For instance, permanent life insurance allows the insured to borrow against the cash value of the policy.

Keep in mind that if you've borrowed against the cash value of your policy and pass away, the loan will be deducted from the policy's death benefit.

Another feature of whole life insurance is that, in many cases, the policyholder is allowed to take out a loan against the cash value of his policy.