Sentences with phrase «future access to the cash value»
This future access to the cash value can act as «golden handcuffs» to provide additional security to the employer.
https://www.insuranceandestates.com/ Not exact matches
Merchant cash advance loans can also be of value in these types of cases, giving you access to flexible funding with payback options based on your future credit sales.
Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).
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.
Whole life insurance policies also offer the ability for you to access your cash value through loans for future needs.
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.
Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).
Affordable coverage for your entire life Level, fixed premium rates that will never change Building of cash value on a tax - deferred basis Access to policy's loan value1 through policy loans and withdrawals, if needed An option as part of your estate planning / funeral expenses The comfort that comes from knowing that you have secured the future for those counting on you
Under Access Plus, New York Life pays the future required premiums and may be able to offer a lump sum of cash to you in excess of your policy's cash value.
The cash value may be accessed for an emergency, or it can be used to reduce — or even to eliminate — the policy's premiums at some time in the future.
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.