Sentences with phrase «allow loans against policy»

You'll need to check out other such plans by LIC to see what plans allow loans against policy.

Not exact matches

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.

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.

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 Cash value life insurance allows the policy owner to take a loan against the policy's cash vaLoan Cash value life insurance allows the policy owner to take a loan against the policy's cash valoan against the policy's cash value.

It's common to also allow the policyholder to take out loans against the cash value of their permanent policy or give up («surrender») the policy in exchange for some portion of the cash value.

Because these policies carry a cash value, many insurers will allow you to borrow against the investment portion of the policy in the form of a low - interest loan, or you can close out the policy entirely and take the cash value.

Universal life also often allows you to take loans against your policy's cash value.

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

Some policies will even allow you to take out a low - interest loan against your accrued value.

Like some other permanent life insurance options, a variable universal life policy allows you to withdraw funds or take out a loan against the cash value.

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

For instance, Birla Sun Life allows a minimum loan amount of Rs 25 lakh against the policy.

Some permanent life insurance policies allow for loans against the insurance policy - in the case of any outstanding loans, the death benefit is paid to beneficiaries less any outstanding loan balance.

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.

Most whole life policies can help with unforeseen financial needs as you can take a loan against them and they also allow partial withdrawal.