Sentences with phrase «borrow against their cash value account»

Not exact matches

And, the policyholder always has access to their cash value account, which can be withdrawn or borrowed against for any reason.

Permanent coverage has the potential to build cash value, which means that, generally, the premiums you pay (1) grow with interest; (2) can, in some cases, be borrowed against; and (3) on indexed and variable policies, can be placed within investment accounts.

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 account in a number of ways — you can withdraw money from the account or you can borrow against the cash value.

This cash value account provides an additional layer of financial flexibility by allowing you to borrow against that cash value.

And realistically speaking, you may not live long enough to gain the most cash value possible on your account to borrow against in times of need.

In spite of any potential disadvantages, particularly if your premium payments lapse or you need to borrow against the cash value of your account, several features may work in your favor.

Permanent insurance policies have a savings account that may build cash value that you can withdraw or borrow against in the future.

Premiums are fixed for the life of the policy, and there is a cash account that accumulates cash value and can be used to pay premiums for a period of time or borrowed against.

You can also borrow money against the account or surrender the policy for the cash value.

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.

Accumulates Cash Value: Some of the funds from your premium payment will be placed in a cash account that you can borrow agaiCash Value: Some of the funds from your premium payment will be placed in a cash account that you can borrow agaicash account that you can borrow against.

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.

You've heard that some kinds of insurance allow you to «borrow» against the accumulated cash value as a tax - sheltered investment account.

The client could borrow or withdraw against the $ 50,000 cash value, but not the account value.

When parents leave a house to their two children and one child wants all of the house, the Trustee of a trust may be able to borrow against the house, put the loan proceeds into a trust bank account and distribute the home to one child and the loan proceeds (cash) of equal value to the other child.