Sentences with phrase «as accruing cash value»

Whole life insurance (cash value life insurance) offers a permanent accruing death benefit as well as accruing cash value within the policy over the life of the policy holder based upon mortality tables.

Whole life insurance (cash value life insurance) offers a permanent accruing death benefit as well as accruing cash value within the policy over the life of the policy holder based upon mortality tables.

Term life is the least expensive insurance option, as it accrues no cash value.

Not exact matches

Whilst not constituting cash, cryptocurrencies can be valued to ascertain an amount received or accrued as envisaged in the definition of «gross income» in the Act.

It accrues cash value that can be used as collateral, or liquidated if necessary.

Part of that premium accrues as cash value.

As with other permanent life insurance policies, whole life insurance accrues a cash value over time.

To accrue cash value, a policy must be a permanent (or cash value) life insurance policy as differentiated to a term (or temporary) life insurance policy.

«Participating life insurance» is only possible with a cash value life insurance policy as distinguished with other types of life insurance that do not accrue cash value such as convertible term life insurance or most guaranteed universal life insurance policies.

In addition to remaining in effect as long as you pay your monthly premiums and keep any other obligations per your contract with the insurance company, these type of policies also accrue «cash value».

As long as you continue to pay the premiums, you are able to lock in coverage at a level premium rate, with some accruing as cash valuAs long as you continue to pay the premiums, you are able to lock in coverage at a level premium rate, with some accruing as cash valuas you continue to pay the premiums, you are able to lock in coverage at a level premium rate, with some accruing as cash valuas cash value.

Whether the return of cash value is guaranteed, as in a whole life or guaranteed UL policy OR whether based upon the financial markets, as in IUL and Variable UL policies, the idea behind permanent insurance is to accrue a nest egg of usable cash value within a life insurance policy.

As with other loans, a cash value loan accrues interest until you pay it back.

Funding a split dollar plan is a way to reward a key employee while accruing cash value in a whole life insurance policy that can serve as a ready source of funding for the employer.

As we touched on above, this strategy of borrowing from a properly structured whole life insurance policy allows you to continue to accrue cash value, tax free, regardless of the amount borrowed and at reasonable market rates.

When permanent cash value life insurance is used for an executive bonus plan, as opposed to term life insurance, the accruing cash value of the policy can offer an additional incentive to the employee (know the difference between term life vs whole life).

Some travel rewards cards that accrue points allow you to convert points or miles into cash as well, but the value of travel rewards points are often diluted when used as cash back instead of redeeming them for travel expenses.

Whole life policies offer living benefits, including tax - free dividends that may accrue (referred to as the policy's cash value); you may even be able to borrow money against the value of a whole life policy if there comes a time that you decide you need to do so.

As opposed to using the traditional cash value (replacement cost minus depreciation), the broad evidence rule can take into account such factors as the age of the property, its tax value and any possible profits the item may have accrueAs opposed to using the traditional cash value (replacement cost minus depreciation), the broad evidence rule can take into account such factors as the age of the property, its tax value and any possible profits the item may have accrueas the age of the property, its tax value and any possible profits the item may have accrued.

However, a second option is that the policy instead has a cash value, and that value increases over time as more premiums are paid in and interest is accrued.

Permanent life insurance: Generally, insurance that can stay in force for the life of the insured and accrues cash value, such as whole life or endowment.

All other standard forms of Pennsylvania life insurance will accrue a cash value as you pay the premiums.

1 The maximum loan value is the cash value as of the date of the loan, less any existing loan and accrued interest and interest on indebtedness from the date of the loan to the next policy anniversary date.

A permanent life insurance policy, such as whole life or universal life, can offer you this option, and can be used as loan collateral, or to accrue cash value to be used in case of emergency.

As long as you continue to pay the premiums, you are able to lock in coverage at a level premium rate, with some accruing as cash valuAs long as you continue to pay the premiums, you are able to lock in coverage at a level premium rate, with some accruing as cash valuas you continue to pay the premiums, you are able to lock in coverage at a level premium rate, with some accruing as cash valuas cash value.

Nonetheless, the bottom line remains: if Barbara doesn't need the cash value (in this case she doesn't, as it's inside an ILIT anyway), and can afford to continue paying the premiums, maintaining the life insurance death benefit as a «fixed income substitute» actually turns out to be a remarkably appealing fixed income investment to maintain for the rest of her life... even if the reality is that the return will only accrue to her beneficiaries and not herself.

The cash value is guaranteed to accrue at a certain rate in a whole life insurance policy as long as the illustrated premium payments are made, but not necessarily with a universal life or variable universal life contract.

The premise is still the same as the whole life variety with a cash value that accrues over time, but what you can do with that cash is much more extensive.

Funding a split dollar plan is a way to reward a key employee while accruing cash value in a whole life insurance policy that can serve as a ready source of funding for the employer.

Term insurance does not build cash value because it is not a permanent form of life insurance, and it would be unnecessary to have an accruing value as this would add unnecessary additions to premium payments.

It also includes a cash value component that accrues value over time, allowing you to borrow or withdraw funds as needed.

Whether the return of cash value is guaranteed, as in a whole life or guaranteed UL policy OR whether based upon the financial markets, as in IUL and Variable UL policies, the idea behind permanent insurance is to accrue a nest egg of usable cash value within a life insurance policy.

To accrue cash value, a policy must be a permanent (or cash value) life insurance policy as differentiated to a term (or temporary) life insurance policy.

«Participating life insurance» is only possible with a cash value life insurance policy as distinguished with other types of life insurance that do not accrue cash value such as convertible term life insurance or most guaranteed universal life insurance policies.

«Living Benefits» apply to Permanent Life Insurance polices that accrue cash value such as Whole Life insurance.

Whole life insurance policies also accrue tax - free dividends, also known as the policy's cash value.

A permanent policy typically accrues a savings component known as a cash value.

This is because whole life insurance also acts as an investment and will accrue cash value over the years.

Additionally, the cash value of the policy can accrue additional value as the interest on the policy grows.

It is designed to not only provide a guaranteed death benefit, referred to as the face value, but to also provide a return on the policy known as a cash or accrued value.

Universal life behaves similarly to whole life, but allows you to borrow against the cash value as it accrues.

The cash value accrued in the policy is available to borrow from and use as you see fit.

Since this type of insurance accrues cash value you can also include it as a part of your retirement planning.

In addition, cash value accrues as time passes which allows benefits to be paid out before death.

As Long as you do have a positive cash value, you can also borrow against the accrued cash, effectively making yourself a tax - free loaAs Long as you do have a positive cash value, you can also borrow against the accrued cash, effectively making yourself a tax - free loaas you do have a positive cash value, you can also borrow against the accrued cash, effectively making yourself a tax - free loan.

Since digital currencies are not in the form of cash, their value can be determined to verify an amount accrued or received as envisioned in the definition of «gross income» in the Income Tax Act.

So for example, if you have a $ 300,000 life insurance policy, and you've been paying the expensive premiums of a whole life policy (which can be at least 5 times as expensive each month compared to a term policy) for years and years to accrue cash value, but then you die, your heirs only receive the $ 300,000 and the insurance company keeps the cash value you've built up.