Sentences with phrase «also borrow against the cash value»

You can also borrow against the cash value using policy loans.

You can also borrow against the cash value.

You can also borrow against your cash value, which typically doesn't require a credit check.

Not exact matches

These policies are also unique in that they allow you to borrow, tax - free, against the policy's cash value during your lifetime.

You can also, in certain cases, borrow money against your policy's cash value.

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.

The cash value can also be borrowed against as a loan and used for various expenses by the policyholder.

You also have the option of borrowing against your policy's cash value.

Term life insurance is usually limited to income replacement, while whole life insurance also includes an investment component and builds cash value against which you can borrow.

Permanent policies also have a cash value component that acts as a sort of investment vehicle 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.

It also builds guaranteed cash value, * which you can borrow against (like a loan), often tax free, to help pay for college, retire a mortgage, cover unforeseen emergencies, or even fund your retirement.

You may also be able to withdraw or borrow against the cash value.

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.

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

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

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

Also, they will check that if the policy has a cash surrender value, there have been no borrowings secured against that and that the original life insurance policy is not required in order to make a claim.

This type of coverage also allows you to build cash value that you can borrow against or invest for growth.

You also build cash value over time that you can borrow against, if needed.

You also have the added advantage of being able to borrow against the policy as soon as it has attained a cash value amount.

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.

This policy also lets the person borrow against some cash value from the policy up to the stipulated limit.

Typically, Whole Life, the most common type of permanent insurance, not only serves to pay - out your beneficiaries upon your passing, but also has a current cash value that can be borrowed against or cashed - out anytime.

You also have the option of borrowing against your policy's cash value.

It also includes an additional feature known as cash - value which can be borrowed against.

Permanent policies also have a cash value component that acts as a sort of investment vehicle that can be borrowed against.

Your beneficiary is still entitled to the death benefit when you die, but there's also a cash value component you can borrow against or partially cash out after a period of time.

You can also borrow money against the policy's current cash value.

It also builds guaranteed cash value, * which you can borrow against (like a loan), often tax free, to help pay for college, retire a mortgage, cover unforeseen emergencies, or even fund your retirement.

You may also consider borrowing against the cash value, and these loans are generally low interest rate loans.

It is also important to note that policy owners can borrow against the cash value should the need arise.

Whole Life — Lifetime protection (as long as premiums are paid) that also builds cash value, which you may be able to borrow against and pay back the loan with interest.

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

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.

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

The flexibility inherent in the policy of this type also manifests itself in the provision according to which you can withdraw your cash value or borrow money against the policy's cash value during your lifetime.

You can also borrow money against the account or surrender the policy for the cash value.

These plans also have a cash value feature through which funds may be borrowed against or withdrawn if the policy holder is in need of cash.

So as you borrow money against your cash value, the cash value is still growing due to the guaranteed rate and also from dividends.

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

Whole life insurance policies can also benefit retirees since they provide a fixed premium, allow the insured to borrow against the accrued cash value, and provide a guaranteed death benefit to the insured's beneficiary.

Depending on the type of policy, an insured can also withdraw or borrow against the insurance policy's cash value to use for education expenses.

You can also borrow a certain amount against your cash value build up until you withdraw the life insurance policy.

In addition to providing a payout to beneficiaries upon the policyholder's death, permanent life policies also accumulate cash value that can be borrowed against.

They also accrue cash value over time, making it an investment vehicle that can be borrowed against or cashed out.

Withdraw Money or Borrow Against It When you pay your premium, a portion of each payment goes toward the death benefit, but a portion also goes to building up the policy's savings component (also known as the «cash value»).

Permanent life insurance also has a guaranteed cash value, unlike term insurance, which will allow you to borrow against the policy.

The cash value is essentially the amount of money you would receive if you decided to give up the policy to the insurer, but it can also be borrowed against by the child once it's large enough.

Universal life policies allow policyholders may also borrow against the accumulated cash value without tax implications.