Sentences with phrase «cash value in your policy for»

However, Universal Life is more flexible than whole life, allowing the premium and face amount to change.This can be advantageous if you have either limited funds and you can not make a large premium payment or you have excess funds and you want to store up some additional cash value in your policy for a «rainy day».

Not exact matches

The same follows for annuities and the cash value in your life insurance policy, said David E. Hultstrom, co-founder of Financial Architects in Woodstock, Georgia.

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

By keying in a range of values for comparison, the user can determine the best inventory strategies or financing policies to increase a company's cash flow.

You would need to take advantage of the cash value of the policy or have it as a part of your estate plan in order for the investment to make sense.

So, if you had a $ 250,000 whole life policy in place for 10 years and the cash value was $ 25,000, in the event an emergency came up you may be able to borrow up to $ 25,000 from the insurer.

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

Specifically, benefits subject to the HP Severance Policy include: (a) separation payments based on a multiplier of salary plus target bonus, or cash amounts payable for the uncompleted portion of employment agreements; (b) any gross - up payments made in connection with severance, retirement or similar payments, including any gross - up payments with respect to excess parachute payments under Section 280G of the Code; (c) the value of any service period credited to a Section 16 officer in excess of the period of service actually provided by such Section 16 officer for purposes of any employee benefit plan; (d) the value of benefits and perquisites that are inconsistent with HP Co.'s practices applicable to one or more groups of HP Co. employees in addition to, or other than, the Section 16 officers («Company Practices»); and (e) the value of any accelerated vesting of any stock options, stock appreciation rights, restricted stock or long - term cash incentives that is inconsistent with Company Practices.

If you work for a company that does not offer a qualified retirement plan (or does not offer a life insurance option in an existing plan) or if you have already contributed the maximum amount to your qualified retirement plan, a cash value insurance policy can offer some of the tax benefits of a qualified retirement plan.

Plus, the policy builds nominal cash value that you can use for a loan or cash withdrawal, should you need it later in life.

In later life stages, permanent life insurance may offer, depending on the type of policy, the opportunity to accumulate cash value on a tax - deferred accrual basis, money that can be used for diverse needs.

He notes, too, that those saving for college may also be positioned to assume greater risk in their 529 portfolio if they otherwise have sufficient assets in an IRA or cash value life insurance policy from which they could potentially borrow for college expenses penalty - free.

Since the growth of your policy's cash value is tax - deferred, variable life insurance might be a good consideration if you've maxed out your retirement account contributions, have a sizable portfolio of more liquid assets (such as in your brokerage and savings accounts), and are looking for an additional investment vehicle that also offers coverage to your dependents should anything happen to you.

In a nutshell, while most whole life insurance is fixated on maximizing the death benefit of a policy and just allowing cash values to grow over time, strategic self banking focuses on maximizing life insurance cash values, so the whole life insurance plan can be used strategically as a savings and personal financing vehicle for the purpose of recapturing your cost of capital incurred when having to deal with third party lenders or using your own cash.

He or she will never outgrow a low - price policy that accumulates cash value for use later in life.

As in starting any other business, the cash value may not equal initial deposits for some time, however this will catch up as the policy is funded, with the help of paid - up additions.

The target buy may be in midlife with less time to accumulate cash value, but with a need for a permanent policy.

The cash value for permanent life insurance policies grows tax - deferred, similar to gains in a retirement account.

A policy might replace or pay a rider the cash value of their stolen motorcycle, but that could mean an increase in the cost of premiums for a coverage that is already expensive relative to standard motorcycle insurance policies.

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

Short of simply cancelling these policies for the cash values in them at present, are there any strategies which might rescue those policies at this late date?

In addition, you have less cash value available for other purposes, such as a policy loan.

In that case, comprehensive and collision policies would cover you for the car's Actual Cash Value, less the deductible.

Had Tom purchased a market - priced universal life (low - expense version) with slightly higher target premiums in the first place, the loan or surrender value would be about $ 1 million and he could continue the policy or surrender it for the cash.

The difference between the cash and the surrender value is that if you surrender your policy (for example, if you choose to cancel and cash out the life insurance policy), you will receive the cash value that has accumulated less any applicable surrender charges; these charges are pre-determined by the life insurance company, and are stipulated in your policy contract.

For those unfamiliar with the idea, it suggests that buying cheaper term life insurance and investing the difference in a mutual fund is a better financial option than purchasing a whole life policy and cancelling it at age 65 for the cash valuFor those unfamiliar with the idea, it suggests that buying cheaper term life insurance and investing the difference in a mutual fund is a better financial option than purchasing a whole life policy and cancelling it at age 65 for the cash valufor the cash values.

So, if you had a $ 250,000 whole life policy in place for 10 years and the cash value was $ 25,000, in the event an emergency came up you may be able to borrow up to $ 25,000 from the insurer.

It would have taken a few years for Han to build up some serious cash value in his policy, but the rewards would have been well worth it.

You would need to take advantage of the cash value of the policy or have it as a part of your estate plan in order for the investment to make sense.

In the case of a juicer, you can ask to add a replacement cost value rider to an actual cash value policy to get reimbursed for the cost of a new juicer if it's damaged.

However, your cash value in your permanent policy is available whenever, and for whatever, you want.

It not only allows parents to pay for a funeral and time off work should the worst happen, but it also locks in their child's future insurability and the policy starts accumulating a cash value.

They generally end up with stock in the insurer, or cash or policy enhancements of comparable value, in return for giving up their membership rights due to the conversion.

Given the high costs, these policies generally require that you take advantage of the cash value component of the account, or use the policy as a part of an estate plan, in order for the investment to make sense.

Since you are first in line for your policy's cash value, you are guaranteed the ability to borrow with no questions asked.

But if you pay the minimum, and the policy struggles because there are a few bad years in the beginning, you may find yourself down the road with too little cash value to compensate for the increasing cost of insurance associated with your age.

Variable Universal Life (VUL) is defined as a type of permanent insurance policy, in which the cash value can be invested into different accounts consisting, for example, of stocks, bonds and mutual funds.

In addition, you would potentially have decades for the policy's cash value to consistently grow into a sizeable asset.

In the long term, many infinite banking practitioners suggest that whole life is far superior for cash value accumulation and usage because of the stability and predictability of the policy; and, we haven't talked about dividends yet.

In an indexed universal life policy (IUL), premiums are added to the cash value after subtracting for the cost of the death benefit and fees.

In addition, even if the best company for you is a mutual company, you still have to consider if the company practices direct vs non-direct recognition, if they are participating whole life insurance and if they allow the policy to be maximized for cash value growth or death benefit.

For both universal life and whole life policies, cash value accumulates in a tax deferred environment, which means that no taxes on gain are realized until cash is withdrawn (above your basis) from the policy.

This GUL policy often has one of the lowest premiums in the marketplace, making it an excellent choice when you are looking for permanent death benefit protection vs cash value accumulation.

The question of whether premiums are recognized as income for any of the above strategies is very fact specific, involving questions such as when the employee has access to the cash value in a insurance policy.

Cash value life insurance, whether whole life, IUL, or VUL, allows for the tax - free growth of funds in a policy's cash account unless the policy is canceled or surrendered, transferred or assigned to another owner, or the IRS no longer designates the policy a life insurance contrCash value life insurance, whether whole life, IUL, or VUL, allows for the tax - free growth of funds in a policy's cash account unless the policy is canceled or surrendered, transferred or assigned to another owner, or the IRS no longer designates the policy a life insurance contrcash account unless the policy is canceled or surrendered, transferred or assigned to another owner, or the IRS no longer designates the policy a life insurance contract.

And while term insurance is sold for specific periods of time, typically anywhere from 5 to 30 years, a cash value insurance policy is usually considered to be a permanent life insurance policy, as these products are designed to remain in force for your entire life.

Initially, the premiums paid on cash value insurance, such as whole life insurance rates, are higher than those associated with term insurance, given that term insurance payments are used just to pay for current insurance coverage and not to build up cash value in the policy.

Cash value life insurance refers to a type of life insurance that, in addition to paying out a death benefit to your beneficiary or beneficiaries upon your death, accumulates cash value inside the policy while you are alive, that you can use for whatever you pleCash value life insurance refers to a type of life insurance that, in addition to paying out a death benefit to your beneficiary or beneficiaries upon your death, accumulates cash value inside the policy while you are alive, that you can use for whatever you plecash value inside the policy while you are alive, that you can use for whatever you please.

Simply put, not all cash value policies are created the same AND it is important to understand key differences in order to design the best life insurance for you.

Like a traditional Whole Life Insurance policy, a Child Life policy also builds cash value, and can be accessed in the future for expenses like school tuition, buying a new house, a vehicle, etc..