Sentences with phrase «cash surrender value of the policy»

This helps them arrive at the forecasted or projected cash surrender value of the policy.

What isimportant is the current cash surrender value of the policy, available loan amount, interest rate on said loan, type of policyyou own, and your future plans to either pay back the loan or not.

This is known as a partial surrender, which reduces the cash surrender value of the policy and the death benefit amounts.

Our insurance premium financing lets our clients leverage the cash surrender value of their policies.

In terms of taxation, the excess of the cash surrender value of the policy (plus any outstanding loans) over your basis in the contract is treated as taxable income.

This is the amount between the death benefit and the cash surrender value of the policy.

If the policyholder surrenders a cash value life insurance policy on his life for the cash surrender value, the excess of the cash surrender value of the policy over the tax basis (which equals what the policyholder has paid in premiums for the policy) equals ordinary income to the policyholder because the policy is not considered a capital asset.

The difference between the cash surrender value of the policy at the time of sale, and the original basis is ordinary income.

For example, an employer could be entitled to receive the greater of the premiums actually paid OR the cash surrender value of the policy.

Settlements are always higher than the cash surrender value of the policy but lower than the death benefit.

Gifts of Life Insurance are made by transferring ownership of a fully paid policy and give you an immediate tax deduction for the cash surrender value of the policy.

Generally speaking, you'll be allowed to borrow any figure as long as it's under the cash surrender value of the policy, typically around 90 % of the policy's cash value.

It takes several years, with interest rates at historic lows in 2016, to reach a breakeven point, when total premiums paid equals the cash surrender value of the policy.

There are certainly several implications for tapping the cash surrender value of the policy.

Candidates for life settlements are typically aged 70 years or older, with a life insurance policy that has a death benefit or at least $ 100,000, and those seniors who sell a policy can obtain roughly seven times more money than the cash surrender value of the policy.

The sale of a policy can bring you roughly seven times more money than the cash surrender value of your policy.

The insured - In the event or retirement, the policyholder can take tax - free income by loans and withdrawals from the cash surrender value of the policy.

Sometimes called a «life settlement», a «senior settlement» or a «lifetime settlement», the life insurance settlement typically offers the original policyholder more money than the cash surrender value of the policy, and offers the life insurance settlement company an opportunity for substantial profits.

For example, an employer could be entitled to receive the greater of the premiums actually paid OR the cash surrender value of the policy.

The size of these payments are determined based on the age of the contract, size of the death benefit, and cash surrender value of the policy.

If your policy has a cash value, you should make sure to receive more than the cash surrender value of your policy if you enter into a life settlement contract.

If you choose to end a life insurance policy, you can surrender it to the insurance company and receive the cash surrender value of the policy in return.

Depending on the terms of the life insurance policy, you might be able to borrow against the cash surrender value of the policy.

A policyholder can also surrender a whole life insurance policy to the insurance company and receive the cash surrender value of the policy in return.

Depending on the terms of the whole life policy, a policyholder can borrow against the cash surrender value of the policy.

These brokerages sell your life insurance policy to institutional investors for typically three to five times the cash surrender value of the policy.

Determining a policy valuation is as much of an art as it is a science and there is reasonable competition amongst valuers that should enable a policy holder to receive a fair policy valuation which exceeds the cash surrender value of their policy.

Any policy that has cash value that has accumulated during that period is entitled to the cash surrender value of the policy.