Sentences with phrase «borrow against the cash value of the policy»

You can always borrow against the cash value of the policy, and you won't have to pay any taxes on that accumulation unless you choose to redeem it.

Keep in mind that if you've borrowed against the cash value of your policy and pass away, the loan will be deducted from the policy's death benefit.

If you pass away after and have borrowed against the cash value of your policy, the amount borrowed will be deducted from the death benefit.

You can borrow against the cash value of the policy.

While your monthly premium usually won't change with whole life, you can generally borrow against the cash value of your policy with favorable terms.

Yellen advocates taking out a life insurance policy and then borrowing against the cash value of that policy.

You can borrow against the cash value of the policy, or collect it when the policy is surrendered.

It's important to note that when you borrow against the cash value of your policy, interest will be charged on the loan, but in most cases the interest rate tends to be very low.

In addition, you may be able to borrow against the cash value of your policy.

It's important to note that when you borrow against the cash value of your policy, interest will be charged on the loan, but in most cases the interest rate tends to be very low.

Policyholders can either withdraw or borrow against the cash value of the policy for any reason, including paying off high - interest debt, supplementing income, or even taking a nice vacation.

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.

You can borrow against the cash value of the policy with no underwriting or credit check.

A better idea is to borrow against the cash value of the policy to help you through tough financial times without losing your coverage.

You can borrow against the cash value of the policy, or collect it when the policy is surrendered.

The policyholder receives dividends from the insurance company, and he or she can borrow against the cash value of the policy if the funds are needed.

For instance, permanent life insurance allows the insured to borrow against the cash value of the policy.

Over time, after money has accumulated, you can withdraw or borrow against the cash value of the policy for emergencies (the available amount will vary by company) 1.

Once your life insurance premiums are self - funded, your premiums vanish until such time as the mutual funds drop below the current value or you borrow against the cash value of the policy to the point where the dividends are no longer sufficient to make the premium payments.

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.

Additionally, many permanent life insurance policies provide a financial vehicle that can be useful to you while you are still alive, allowing you to borrow against the cash value of the policy without a credit check or the need of putting up collateral.

Not exact matches

The policy loan provision stipulates the amount you can borrow against your cash value, the rate of interest, and other terms for policy loans.

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 can borrow against the policy up to the amount of its cash value.

A policy's cash value is essentially the amount of money you would receive if you surrendered the policy to the insurer, and this amount can be borrowed against or used to pay premiums.

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 benefit of whole life insurance policies is that they build cash value over time, which is a fund that can be borrowed against or withdrawn.

Borrow against the policy of a life insurance that has a cash value.

You'll be able to take advantage of the cash value - you may be able to borrow against it or cash your policy out completely.

This is where the correctly - structured policy's benefit of underlying continued growth even when you've borrowed against the cash value comes into play.

Like other types of cash value life insurance policies which allow policy loans, most annuity contracts allow owners to borrow against the annuity contract's accumulated cash value.

The following five (5) benefits of borrowing against your permanent life insurance policy's cash value will provide a glimpse into why permanent coverage is a great vehicle for creating wealth and leaving a legacy.

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

This cash value means you can do things like borrow against your policy or cancel the policy for part of the cash value after a period of time.

A Whole Life policy accumulates cash value throughout the life of the policy, 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.

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.

One of the advantages of a whole life policy is that it accumulates cash value over time, thus creating an amount that a person can borrow against if needed.

This type of policy had a cash value and could be borrowed against.

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.

• Coverage is for life, eliminating the need to renew the policy • Provides death benefits • Cash value accumulation feature, which builds up over the life of the policy • Allows you to borrow against the policy • Allows you to surrender the policy

A Whole Life policy accumulates cash value throughout the life of the policy, which can be borrowed against.

The other main kind of life insurance is permanent life, which builds up cash value that policy owners can borrow against and eventually use to cover premiums for the rest of their lives.

The policy builds cash value, which you have the option of withdrawing or borrowing against via a life insurance loan.

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.

Most Universal Life policies come with an option that allows the policyholder to take out a loan / borrow money against the cash value of their policy.

After a certain point in the life of the policy, you are allowed to borrow against that cash value.

Because the policy has cash value, the insured can borrow against it, with a portion of each premium payment invested.

Guaranteed Cash Value: Your policy builds guaranteed cash value that can be borrowed against in the case of financial emergeCash Value: Your policy builds guaranteed cash value that can be borrowed against in the case of financial emergValue: Your policy builds guaranteed cash value that can be borrowed against in the case of financial emergecash value that can be borrowed against in the case of financial emergvalue that can be borrowed against in the case of financial emergency.