Sentences with phrase «as loans against the cash value»

Missed premiums are deducted as loans against the cash value and often charge an interest rate upon repayment.

Not exact matches

He had paid cash for her house in Gainesville, valued at roughly $ 900,000, but he says one of his financial advisers took a loan out against it in his name without his knowledge — which left Hearn - Pearson as one of her son's largest creditors.

Silent Stan takes over and installs his yes man and then AFC stop spending to build up cash reserves and as such build up AFC value as a business and thus leading to higher loans being taken against Silent Stans wealth.

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.

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

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.

One of the benefits of cash value life insurance such as whole life and universal life is the ability to take out a life insurance loan against the cash value of your account.

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

You can either surrender the policy for its cash value or take the needed funds as a loan against the policy.

Some of these offer the guarantee of a minimal amount of interest, as well as the ability to take a loan out against the cash value, without lapsing the policy.

The U.K. - based company, which recently expanded its operations to New York City, provides short - term loans against high - value luxury assets such as watches, jewelry, cars and fine art, giving its customers an efficient, easy and (most importantly) reliable way to get some quick cash.

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 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.

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.

As with whole life insurance, you may be able to take loans against the cash value of a universal life policy, however the death benefit and cash value will be reduced by the amount of any outstanding loans and interest upon your death.

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 *

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.

You can take out a loan based on the account's cash equivalent value against the policy as the value grows.

[4] This is why most people choose to take cash values out as a «loan» against the death benefit rather than a «surrender.»

How much cash value a whole life insurance policy can build depends on such factors as your age, how long you've owned the policy, the policy's coverage amount (death benefit), and whether there's any outstanding debt from loans against the policy.

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.

Both types allow for tax deferment of the cash value account and allow for loans against the cash value; however, whole does not provide you the ability to increase or decrease the death benefit as you financial needs change throughout life.

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.

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.

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 %).

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

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.

«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.»

As long as premiums are paid and the policy remains in force, policyholders can access the cash value through a tax - free loan against the policAs long as premiums are paid and the policy remains in force, policyholders can access the cash value through a tax - free loan against the policas premiums are paid and the policy remains in force, policyholders can access the cash value through a tax - free loan against the policy.

Whole life offers (1) cash value is liquid, creating cash flow, (2) income tax advantages, (3) the ability to borrow against it as collateral through a life insurance policy loan and (4) the cash value grows exponentially due to true compound interest.

Loans or withdrawals can be taken against the cash value of a whole life insurance policy to help with expenses, such as college tuition or the down payment on a home.

As your cash value account grows through tax - deferred interest, the policyholder can easily take loans against the policy on a tax - free basis for any reason, In fact, policy loans are not required to be repaid.

One of the virtues of cash value life insurance is that insurance companies are willing to make loans against the policy at relatively favorable interest rates, because the insurance company knows that it can always foreclose on the policy (i.e., force its surrender) as collateral to repay the loan.

Be advised that when you take a loan out against your life insurance policy, the loan is subject to a market value interest rate and it also can reduce the amount of the death benefit as well as the amount of the cash value.

The insured can borrow against the cash value of his or her insurance policy, but the amount that will be extended as a loan is restricted to account for the fact that investments rise and fall in value.

Finally, like universal life, you can borrow against your policy's cash value, using it as collateral for a low - interest loan.

A portion of your payments gets accumulated as cash value which can be used for retirement or can be borrowed against as a loan during the life of the policy.

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.

Cash values can be withdrawn outright or taken as a loan against that value.

If it was a whole life or other permanent policy, any outstanding loans against the policy's cash value would be subtracted as well, Graham says.

You can use the cash value as collateral for a loan, such as a small business loan, or you can borrow against the cash value to purchase other assets.

It's simple to borrow against the cash value of a permanent life insurance policy as there are no loan requirements or qualifications... Read More

Because whole life policies have this investment and return component (known as the «cash value» aspect of your policy), you can take out loans against your cash value balance to help supplement college expenses for the kids, or an addition to the house to accommodate a growing family, to cite a few examples.

You can take a loan against the cash value, use it as collateral, take a portion of the cash outright or surrender the policy.

Higher of Guaranteed surrender value or Special surrender value will be paid to you as Cash Surrender Value, after deduction of any outstanding amount on the policy (Policy Loan or any amount payable against your policy) and TDS * (if applicavalue or Special surrender value will be paid to you as Cash Surrender Value, after deduction of any outstanding amount on the policy (Policy Loan or any amount payable against your policy) and TDS * (if applicavalue will be paid to you as Cash Surrender Value, after deduction of any outstanding amount on the policy (Policy Loan or any amount payable against your policy) and TDS * (if applicaValue, after deduction of any outstanding amount on the policy (Policy Loan or any amount payable against your policy) and TDS * (if applicable).

You can take a policy loan against the cash value, use the policy as collateral for a bank loan, take a portion of the cash value outright or take all the cash value and terminate the policy.

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.