Sentences with phrase «employees access to the cash value»

By contract, the employees access to the cash value can be restricted to a future date such retirement or after a set amount of time as an employee.

By contract, the employees access to the cash value can be restricted to a future date such retirement or after a set amount of time as an employee.

Not exact matches

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.

... because as the policy vests to your key employee, the premiums can become tax deductible for your business AND prior to vesting, while your business owns the policy, you can access the cash value for your business operations for all of the other reasons discussed above.

Upon retirement, or some other mutually agreed upon date between the employer and employee, the employee can access the policy's cash value to use an additional income source, such as supplemental retirement income.

Similarly, this is why the employee is only paying the amount of applicable term insurance if they are only receiving access to the death benefit while the employer has access to cash values.

Employees may choose to pay only the cost of insurance premium or to make additional payments to the cash value of a policy, which can be accessed through loans or withdrawals.

... because as the policy vests to your key employee, the premiums can become tax deductible for your business AND prior to vesting, while your business owns the policy, you can access the cash value for your business operations for all of the other reasons discussed above.

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.

The employee owns the life insurance policy and possesses all control in regards to accessing cash value, naming a beneficiary and making investment choices

Another advantage for the business owner or company is that if the employer desires to use the Executive Bonus Plan as an incentive, the employee's access to the policy's cash value can be restricted until a predetermined date.

Upon retirement, or some other mutually agreed upon date between the employer and employee, the employee can access the policy's cash value to use an additional income source, such as supplemental retirement income.