Sentences with phrase «free access to your cash value»

Certain types of life insurance policies, including variable life, cash value life insurance and whole life insurance, combine life insurance with a tax - deferred investment account, and provide tax - free access to the cash value of the policy.

Loans are a great tool and provide income tax free access to your cash value for whatever purpose you desire, including investing in passive income opportunities.

This creates tax - free access to your cash value and all gains on the cash value.

Not exact matches

Borrowing against your cash value allow tax free access to the money in your policy.

In addition, borrowing against your cash value is a tax free benefit that allows you access up to 90 % of your cash value.

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.

And in the meantime we have significant opportunity to bring in additional cash that exceed our expenses, both through the transaction related to AV411, both through keeping up with potential Genzyme milestone payments, and then basically giving us a free look at these M&A opportunities that could create significant value for the shareholder base and give them a chance to choose something that they might not otherwise have access to.

Keep in mind that this all refers to cash value withdrawals — there is another way of accessing your cash value as well, and it's tax - free.

You can also access you cash value through tax free life insurance loans, which allow you to borrow the funds from the carrier, using your cash value as collateral.

Clients can access the cash value through tax free loans and withdrawals, and they can choose how to build their portfolio.

Cash value can be accessed tax free through withdrawals up to your basis or via life insurance loans.

Parents have access to the cash value on a tax - free basis in the form of withdrawals or loans, and the cash value can grow for future plans such a down payment on a home or retirement.

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

You can even enjoy tax - free access to the policy's cash value which you may decide to put towards college funding, a down payment on a house, extra income for retirement, or a cushion for emergency expenses.

There are also several unique tax benefits, such as tax - deferred cash value growth and tax - free access to the cash portion.

One of the benefits of cash value life insurance is the ability to access the funds via tax free policy loans.

Life insurance loans are tax free and provide a great way to access your policy's cash value.

Some burial insurance plans even have a cash value component within the contract, which grows tax free and gives tax free access to the policy owner.

However, unlike the IRA and 401 (k) accounts, there is a way to access the cash value tax - free without incurring any penalties.

To avoid taxation on policy distributions in excess the policy's basis, loans can be used to access additional cash values tax freTo avoid taxation on policy distributions in excess the policy's basis, loans can be used to access additional cash values tax freto access additional cash values tax free.

Non-resident alien has income - tax free access to the policy's cash value through loans and withdrawals up to the basis of the policy (the accumulated premiums paid).

Another popular tax feature of life insurance is the ability to access the policy's cash value in the form of a tax - free loan.

Because of the attractive tax features of a life insurance contract discussed above, prior to 1988 a small life insurance contract could be funded with a huge sum of money, grow tax deferred, a large portion of the cash could be accessed tax free for withdrawals, and the value passed on to the next generation free of taxes.

Keep in mind that this all refers to cash value withdrawals — there is another way of accessing your cash value as well, and it's tax - free.

Policy owners do not have to wait until death to access the cash value tax - free.

With the Explorer Plus Universal Life policy, you have access to cash value that will grow free from tax and you can borrow cash value from the policy after just one year.

Whole life insurance policies also include various tax - free benefits, including access to policy values on a tax - favored basis and tax - deferred build - up of cash value.

The money the is contributed to the cash value will grow on a tax - deferred basis and can be accessed on a tax - free basis if done correctly.