Sentences with phrase «borrow against the cash value without»

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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.

The flexibility and low adjusted interest rates associated with borrowing against cash value life insurance makes such an option well worth considering if you are looking to fund short - term cash needs without unduly disrupting your long - term financial plans or incurring significant loan costs.

If you own a home, and you've built up equity in it by paying off some of your mortgage, you may consider taking out a home equity loan for your business, borrowing against the inherent cash value of your house without the need for a third - party lender in the picture.

If you own a home, and you've built up equity in it by paying off some of your mortgage, you may consider taking out a home equity loan for your business, borrowing against the inherent cash value of your house without the need for a third - party lender in the picture.

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.

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

On the other hand, with a permanent life insurance policy, which many advisers suggest families purchase for this purpose, the insured is allowed to borrow against the policy's cash value without any tax penalties.

The flexibility and low adjusted interest rates associated with borrowing against cash value life insurance makes such an option well worth considering if you are looking to fund short - term cash needs without unduly disrupting your long - term financial plans or incurring significant loan costs.

Universal life policies allow policyholders may also borrow against the accumulated cash value without tax implications.

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.

By borrowing against the policy, you can use the accrued cash value of the policy to make the premiums or to help you get past other financial difficulties without losing the policy itself.

This cash value can be borrowed against without the need of a credit check or collateral, gain interest over time, and can have as many named beneficiaries as you feel the situation warrants.