Sentences with phrase «borrow against the cash value portion»

You can borrow against the cash value portion to pay for big expenses without any withdrawal penalties, unlike most retirement products, which have penalties if you withdraw before you reach a certain age.

Not exact matches

If you don't have a non-direct recognition loan, they'll pay you a different dividend on that portion of your cash value that you 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.

You can also opt to borrow against the cash value accumulation portion or simply cash it out later in life.

Another distinct benefit offered by the cash value accumulation portion is that you can also borrow against it.

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

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.

Because these policies carry a cash value, many insurers will allow you to borrow against the investment portion of the policy in the form of a low - interest loan, or you can close out the policy entirely and take the cash value.

The cash value accumulation portion of any permanent life insurance is only available to the insured person while they are still alive, and is available to borrow against (for which the policyholder will be charged interest) or for withdrawal.

It also offers a cash value portion that accumulates cash that can be used by the policy holder to withdraw or borrow against.

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.

Cash value is the portion of your policy that earns interest and may be available for you to withdraw or borrow against in case of an emergency1.

Withdraw Money or Borrow Against It When you pay your premium, a portion of each payment goes toward the death benefit, but a portion also goes to building up the policy's savings component (also known as the «cash value»).

It generally takes 12 — 15 years before you can take advantage of the the cash value accumulation portion, but you can borrow against it.

Life insurance policy loans are available, but the portion of your cash value borrowed against will receive a different interest rate than the unloaned portion.

This savings portion can build a cash value - against which the policy owner can borrow funds, or in some instances, the owner can withdraw the cash value to help meet future goals, such as paying for a child's college education.