Sentences with phrase «as borrowing against the cash value»

Furthermore, most whole life policies have financial tools built into them, providing the policy owner with tools that can be made use of during their lifetime, such as borrowing against the cash value of the policy.

Not exact matches

As you pay your premiums, over time you begin to accumulate a cash - value component you can borrow against.

You can borrow against life insurance, using your cash value as collateral.

It's simple to borrow against the cash value of a permanent life insurance policy as there are no loan requirements or qualifications aside from the amount of cash value you have available.

When you borrow against your policy (use your cash value as collateral), you are still receiving dividends on your full cash value, AND you get the use of the cash on loan to invest in something else.

As home values plummeted, fewer homeowners took cash out when refinancing simply because they often didn't have enough home equity to borrow against.

You, as the policy owner, would have $ 200k cash value to withdraw or borrow against for a life insurance loan.

You may borrow against the policy's value, use the cash value to increase your income in retirement or even help pay for needs, such as a child's tuition, without canceling the policy.

You can borrow against your life insurance, using your cash value as collateral.

As your cash value grows, you can borrow against it via a loan and purchase another cash flow investment.

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

The cash value component allows you to borrow funds when required, used as a collateral against a loan

As the cash value grows, you can borrow against it for whatever you need, including retirement income.

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.

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 borrow against the policy's cash value, as it accumulates over time, to help cover unforeseen expenses.

The cash value earned from a permanent * life policy (such as whole life, universal and variable life) can be withdrawn or borrowed against, providing living benefits that can used by your child as he or she gets older for many things such as:

Another benefit of whole life insurance is the cash value can be borrowed against income tax free with a life insurance loan that uses the cash value as collateral.

As cash value builds in a whole life policy, policyholders can borrow against the accumulated funds and receive the funds tax - free.

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 long as you have a policy with the insurance company that has sufficient cash value to borrow against, you won't have to undergo a credit check and all the other hassles that normally come with taking out a loaAs long as you have a policy with the insurance company that has sufficient cash value to borrow against, you won't have to undergo a credit check and all the other hassles that normally come with taking out a loaas you have a policy with the insurance company that has sufficient cash value to borrow against, you won't have to undergo a credit check and all the other hassles that normally come with taking out a loan.

Additionally, whole life insurance can build cash value over time that you can borrow against as 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.

As the cash value grows, you can borrow against it for whatever you need, including 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.

The cash value earned from a permanent * life policy (such as whole life, universal and variable life) can be withdrawn or borrowed against, providing living benefits that can used by your child as he or she gets older for many things such as:

And with a permanent * policy, the cash value that grows over time can provide funds that can be borrowed against or withdrawn as the child grows into an adult.

When making a withdrawal, you don't have to sell the asset as with stocks, and if you borrow against the cash value, there are typically no capital gains or ordinary income taxes involved.

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

The potential to earn cash value over time and offering «living» benefits that you can borrow against via a policy loan and used for future expenses such as a down payment on a home or help funding a college education *

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

Now is the time to purchase a whole life insurance policy that work for you, serve your needs as you get older, gain cash value that you can borrow against and provide security for your family and estate needs if you passed away.

It's simple to borrow against the cash value of a permanent life insurance policy as there are no loan requirements or qualifications aside from the amount of cash value you have available.

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.

Term life insurance can build up cash value to borrow against, but not as much value as a life - long premium paying, whole life insurance policy would.

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.

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.

Whole insurance is often sold as an investment because it has a cash value and you can draw out of it or borrow against the amount when you are still alive.

While a permanent policy's cash value can be borrowed against to help with expenses such as retirement or college tuitions, the loans can reduce the death benefit and cash value of the policy and the loan interest may be charged on the amount borrowed.

It's important to note that if you do borrow from the cash value, it will count as a loan against the policy.

Just keep in mind that if you borrow against the cash value of your whole life insurance policy, you should consider repaying it as soon as possible.

You have to borrow against your own money and double your interest rate that you get in return, they have up to 6 months to give you a loan again which is your money in the first place, when they pay out the benefit of the insurance they only get the death benefit or the cash value but if there's a loan taken out of the cash value that gets subtracted as well as the interest rate on the loan.

As the cash value in a policy builds, you can borrow against the accumulated funds.

As long as the premiums are paid, you can borrow * against the available cash value of the policAs long as the premiums are paid, you can borrow * against the available cash value of the policas the premiums are paid, you can borrow * against the available cash value of the policy.

The cash value of an insurance policy can grow into a small «nest egg» for the future, as well as a potential source of ready cash should you need to borrow against the policy.

Interest incurred on indebtedness has historically been deductible, (although the deduction of «personal» interest was largely eliminated in 1986), and in the 1950s a type of «leveraged insurance» transaction began being marketed that permitted an insurance owner to in effect deduct the cost of paying for insurance by (1) paying large premiums to create cash values, (2) «borrowing» against the cash value to in effect strip out the large premiums, and (3) paying deductible «interest» back to the insurer, which was in turn credited to the policy's cash value as tax - deferred earnings on the policy that could fund the insurer's legitimate charges against policy value for cost of insurance, etc..

Should you encounter any financial difficulties while your child is growing up, it's good to know that you can borrow against the policy's available cash value as long as all premiums are paid (policy loan interest rate is 8 %).

While not to take the place of a savings account, some permanent insurance products have a cash value component that accumulates interest which can be used, via surrendering the policy or borrowing against it, for future expenses such as medical bills; however, the value grows more slowly than a typical investment plan and if you don't repay the policy loans with interest, your death benefit will be reduced.

The cash value can be borrowed against to take advantage of unique buying opportunities, such as real estate back in 2011 or other passive income ideas.