Sentences with phrase «borrow against the cash value at»

Another plus is you can borrow against the cash value at a decent interest rate, which will be deducted from the insurance policy if you die.

The policyholder can borrow against the cash value at any time to do any number of things: debt pay off, vacation, or even supplement retirement income.

It allows you to borrow against that cash value at any time during your life, tax - free.

Not exact matches

The cash value element is usually the point of attraction that convinces most people to purchase this product, for which you can borrow against at anytime.

At retirement, you borrow against the policy's cash value, receiving tax - free payments to supplement your 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.

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

You can borrow against your policy's cash value or you can close your account and collect the funds at any time if your financial situation necessitates the need for funds.

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 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.

Policy owners can withdraw from their cash value or borrow against it at any time, for any purpose.

And the best part is the cash value can be borrowed against tax free * at any time and for any reason.

Permanent life insurance offers an insurance component that pays a stated amount of proceeds upon the death of the insured, while at the same time providing a cash value or investment component that accumulates cash value that the policy holder may withdraw or borrow against.

Like other permanent policies, a burial insurance policy can accumulate tax - deferred cash value over time, which can be either withdrawn or borrowed against at the policy owner's discretion.

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

In general, life insurance policies are purchased by you and maintained by you, and they usually build cash value that you can even borrow against at some point during your life.

Loan — Life insurance contracts with a cash value typically allow the policyholder to borrow money against the cash value, tax free at time of loan and for any purpose.

A key benefit is the ability to withdraw the cash value or borrow against it at a low - to - zero net cost.

$ 50 per month for $ 50,000 worth of life insurance stays the same at the age it is purchased until the insured dies or until they outlive the policy; usually 99, 100, or 101... Whole LI also accrues cash value that can be borrowed against.

Unlike term policies, the death benefit doesn't expire at a certain age and whole policies build cash value that can be borrowed against or passed on to your heirs tax - free — but only if you always pay your premium.

You also have the option to borrow against the cash value accumulation of the policy at a lower rate than you would get at a bank.

Borrowing against or withdrawing the cash value of a policy will reduce the death benefit and could put the policy at risk of lapsing.

Most ordinary life policies are issued with an automatic premium loan provision that authorizes the company to automatically pay the premium by borrowing against the cash value if the premium remains unpaid at the end of the thirty - one - day grace period.

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