Sentences with phrase «borrowed against the cash value of»

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.

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.

However, the insured can borrow against the cash value of his whole life insurance.

Remember - if you borrow against the cash value of your life insurance or employee thrift plan, you will be making principal and interest payments for these separate from your mortgage.

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.

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.

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.

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.

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

Some whole life policies may allow you to borrow against the cash value of your life insurance policy rather than taking a withdrawal.

You can borrow against the cash value of your whole life insurance.

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

Just keep in mind that if you borrow against the cash value of your whole life insurance policy, you should consider repaying it as soon as possible.

An alternative to viatication is to borrow against the cash value of a permanent life insurance policy (this option is not available with term life insurance, however).

If you borrow against the cash value of your life insurance policy through a loan, then you will not have to pay income tax on the money.

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.

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.

It's simple to borrow against the cash value of a permanent life insurance policy as there are no loan requirements or qualifications... Read More

There are important things you need to know about the impact of borrowing against the cash value of your life insurance policy in order to avoid jeopardizing the welfare of your beneficiaries.

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.

Can Borrow Against the Cash Value of a Whole Life Policy Another convenient feature of a whole life policy is that you can borrow against the cash value accumulation feature.

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.

Remember - if you borrow against the cash value of your life insurance or employee thrift plan, you will be making principal and interest payments for these separate from your mortgage.

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.

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.

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 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.

In addition, borrowing against your cash value is a tax free benefit that allows you access up to 90 % of your 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.

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.

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.