Sentences with phrase «generally access the cash»

Also, unlike 401 (k) s, IRAs and other retirement plans, you can generally access the cash value of a whole life policy at any time.

Not exact matches

A temporary cash flow loan probably won't make sense for every business or business need, but can be beneficial to generally healthy businesses that need access to capital quickly and have the means to repay the loan over a short period of time.

It might seem like easy access when you need paper instead of plastic, but there's generally no grace period on cash advances, meaning you'll be charged that high interest rate starting from the moment you hit «Return card» on the screen.

For example, while whole life policies do provide a guaranteed death benefit, they also generally accumulate significant cash value that can be accessed during the insured's lifetime.

With permanent life insurance, you can access accumulated cash value to cover retirement expenses without generally having to pay any tax on the distribution, although it does reduce the cash value and death benefit amounts.

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.

He knows that once the money is in the IRA, it's much harder to access than in that savings account, so he'd like to wait until the last minute (generally the April 15th yearly deadline or close to it) to lock up his cash.

You can access this cash, generally on a tax - free basis, at any time.

Generally, the line of credit gives you ongoing access to cash for a set period (sometimes up to 10 years).

Further, these companies will have access to future overseas cash generally free of additional U.S. income tax.»

Killing enemies, searching cupboards and lockers and generally progressing through the maps gives you access to piles of cash that can be used to purchase new weapons and gear or upgrade your current inventory.

The cash can generally be accessed via loans or withdrawals, and can be used for a variety of purposes.

Best of all, whole life policies may offer generally income tax - free4 access to cash value and death benefits.5

Cash values may be accessed prior to the end of the level term period but only percentage of premiums is generally returned.

The premium you pay on top of the cost of life insurance coverage and other policy expenses goes into a cash accumulation account, grows generally income tax - deferred5, and can be accessed generally income tax - free6 later in life while keeping your life insurance coverage intact.

The cash value of your policy earns interest, and this growth is generally income tax - deferred — the cash value can be accessed almost anytime.

Some policyholders find this appealing because they can access the cash value while they're still alive, although it generally accumulates interest and reduces the death benefit until you pay it back.

Permanent life insurance policies generally enable a policyholder to build up a cash account; and, in an emergency, that money can be accessed through a loan against its value.

If the option exists to to take a withdrawal equal to 100 % of the cash surrender value, at Life Ant we generally like to see our clients access the surrender value in this way rather than by actually surrendering the contract.

Term insurance generally has lower premiums in the early years, but does not build up a cash value you can access.

However, the owner should not purchase an MEC with the intention of accessing the cash before the allowed time period, although emergency withdrawals are generally permissible.