Sentences with phrase «borrowed by the policyholder»

As with whole life insurance, the cash value in a universal life (or UL) policy can grow on a tax - deferred basis, and the money in this component of the policy may be withdrawn or borrowed by the policyholder for any reason.

The policy earns cash value that may be borrowed by the policyholder if needed.

These funds may be either withdrawn or borrowed by the policyholder for any reason.

The cash can be either withdrawn or borrowed by the policyholder for any purpose.

A cash value accumulates with the premium payments and can be borrowed by the policyholder.

The funds that are in the investment component of your policy can be borrowed by the policyholder at little to no interest.

The funds that are in the cash value component of a permanent life insurance policy may be withdrawn or borrowed by the policyholder for any reason that they see fit — including the payoff of debts, the supplementing of retirement income, or even for taking a nice vacation.

Cash that is in a permanent life insurance policy — including burial insurance plans — can be either withdrawn or borrowed by a policyholder for any reason.

It can be borrowed by the policyholder.

Because of this, the cash can essentially grow exponentially over time — and it can be withdrawn or borrowed by the policyholder.

Not exact matches

The cash value can also be borrowed against as a loan and used for various expenses by the policyholder.

So, if funds are needed by a variable life policyholder during his or her lifetime, these plans will typically allow the individual to either withdraw or borrow cash from the investment component of the policy.

The cash may be withdrawn or borrowed against for any reason by the policyholder.

These funds may be either borrowed or withdrawn for any reason by the policyholder, including for the supplementing of retirement income, and / or for the paying off of large debts.

And, the cash that is in the cash value portion of the policy may be either borrowed or withdrawn by the policyholder for any need or reason.

So, if funds are needed by a variable life policyholder during his or her lifetime, these plans will typically allow the individual to either withdraw or borrow cash from the investment component of the policy.

Though it will pay out a stated amount upon the insured's passing, because of its cash value, it can be withdrawn or borrowed against by the policyholder.

The cash that is in a universal life insurance policy can be either borrowed or withdrawn by the policyholder for any reason — such as for paying off debt, funding a loved one's college education, or helping to supplement retirement income needs.

The funds in the cash value component may be either borrowed or withdrawn for any reason by the policyholder, such as supplementing retirement income, paying off high - interest debt, or even for taking a nice vacation.

Cash from a whole life insurance policy can be either borrowed or withdrawn at any time by the policyholder, and for any reason, including the supplementing of retirement income or the payoff of debt.

These funds are able to be either borrowed or withdrawn by the policyholder for any reason.

Funds may be either withdrawn or borrowed for any reason by the policyholder — including to pay off debt, supplement retirement income, or even to go on vacation.

The funds that are within the cash component of the burial insurance policy can be borrowed or withdrawn for any reason by the policyholder — including for the payoff of debt, the funding of a college education for a grandchild, and / or to help with supplementing of retirement income.

These policies will also include a cash value component with tax - advantaged savings that can be either borrowed or withdrawn by the policyholder for any type of need that he or she sees fit.

The cash, as with other types of permanent life insurance options, grows tax - deferred, and funds are allowed to be borrowed or withdrawn by the policyholder (s).

This cash could be either withdrawn or borrowed by the burial insurance policyholder for any number of reasons, including to pay off debts, to pay for a child's or a grandchild's college tuition, or even to take a vacation.

Policyholders may access their cash value by taking a withdrawal, or by borrowing funds.

Over time, the funds that are in the cash value portion of the policy can be borrowed or withdrawn for any reason by the policyholder.

In addition, the cash value — which grows at a set rate that is determined by the insurance company — can be borrowed or withdrawn and used for any need that the policyholder sees fit.