Sentences with phrase «free access to the death benefit»

Some SPL policies give you tax - free access to the death benefit to pay for long - term care expenses.

Some SPL insurance policies will give you tax - free access to the death benefit to pay for long - term care expenses.

Not exact matches

Under the bill (S1411B - A711B), volunteer firefighters who contract certain cancers will receive access to tax free disability and death benefits.

On the protection side, it generally includes a tax - free death benefit to your loved ones and has an optional feature that gives you the ability to access your policy values to help pay for costs should the insured suffer from a chronic or terminal illness, just in case.

For example, some policies allow tax - free access to the amount of death benefit to pay for long - term care costs.

The cash value accumulates tax deferred, you can access the cash value tax free (up to the cost basis ̶ the amount paid in policy premiums), and the death benefit from your policy is generally paid out to your heirs income tax free.

On the protection side, it generally includes a tax - free death benefit to your clients» loved ones and has an optional feature that gives them the ability to access their policy values to help pay for costs should the insured suffer from a chronic or terminal illness, just in case.

tax - free access to accumulated cash value via loans or withdrawals (note that loans and withdrawals can reduce the death benefit); and

Modified Endowment Contracts still offer a tax - free death benefit to the insured (this being their primary advantage over an annuity or other investment) but policy owners can no longer access their investment gains on a tax - free basis.

Some of these features include access to the funds if the owner is confined to a nursing home, 10 % to 20 % free withdrawals each year for any reason, increased value as a death benefit, and higher interest earning guarantees while taking a fixed income stream that includes the ability to stop at any time and continue the annuity.

It's the most stable, and has the ability to grow cash tax deferred, access cash tax free, and still has the benefits of a tax free death benefit.

If they don't need access to the cash prior to death, the MEC is a great tool for an investor to use to provide a tax free death benefit for their loved ones after they're gone.

• Being able to reduce your debt as you increase your savings • Building a college fund without sacrificing to do so • Easily creating an emergency fund • Recapturing the cost of business and professional expenses • Recapturing the cost of the interest you currently pay to financial institutions • Enjoying financial freedom as well as a secure retirement without worrying about market fluctuations • Having a guaranteed tax - free death benefit • Having access to tax - free withdrawals, loans and growth