Sentences with phrase «free loan against the policy»
As long as premiums are paid and the policy remains in force, policyholders can access the cash value through a tax - free loan against the policy.
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You can borrow against your policy's cash value income tax free through life insurance loans.
And don't forget that you can also access the growth of your account tax - free, by taking a life insurance policy loan (sometimes called a swap loan) against your cash value.
Having the ability to take out a tax free loan against the cash value in your policy whenever you want for whatever reason is a gigantic -LSB-...] Read More
Insurance companies are able to structure tax - free internal policy loans against the cash value, in some cases providing an investor with years of tax - free income.
Having the ability to take out a tax free loan against the cash value in your policy whenever you want for whatever reason is a gigantic benefit.
The policy builds cash value which can be withdrawn or borrowed against via a life insurance loan tax free.
Also, tax - free withdrawals can be made through internal policy loans offered by the insurance company, against any additional cash value within the policy.
And don't forget that you can also access the growth of your account tax - free, by taking a policy loan (sometimes called a swap loan) against your cash value.
Loans made against the policy are also tax - free in many cases.
«On the other hand, if the policy performed well according to expectations, you as the policyholder could be able to start taking loans against the cash value of the policy on a tax - free basis.»
As your cash value account grows through tax - deferred interest, the policyholder can easily take loans against the policy on a tax - free basis for any reason, In fact, policy loans are not required to be repaid.
Also, you can usually take tax - free loans against the cash value in the policy.
During the life of the insured, the policy acts much like a tax - free savings and personal loan account, where the funds can be invested at the policyholder's discretion, or the current value of the policy borrowed against.