Sentences with phrase «loan on the policy»

In this way, you can get funding for emergency expenses by taking loans on the policy.

You can avail loan on this policy as well.

It is possible to get loan on the policy after it has acquired some surrender value.

Any outstanding loans on your policy will reduce your death benefit accordingly.

This is the only money back insurance plan which offers loan on policy.

The ability to take loans on your policy is a valuable feature of permanent life insurance.

Moreover, the amount is subject to any outstanding loans on the policy, such as an unpaid premium or a policy loan taken earlier against the policy.

While each insurance company has its rules about loans on their policies, you can borrow an amount up to the cash surrender value, not the benefit level, of the policy from the insurer.

While there are pros and cons for all different types of life insurance policies, many people find the tax - deferred growth on cash value and tax - free loans on these policies beneficial.

Can a policy holder avail a second loan on a policy (of course subject to 90 % of SV) before the earlier loan is fully repaid?

There is a feature of availing loan on this policy.

AXA Equitable Interest Sensitive Whole Life insurance provides permanent coverage with fixed premiums guaranteed for life and guaranteed minimum 2 % cash value that increases year over year (unless you take out a loan on the policy) and equals the death benefit face amount at age 100.

They can choose between fixed or variable loan interest rates when they take out loans on the policies» 10th anniversaries.

Revocable Beneficiary: A beneficiary whose rights in a policy are subject to the insured's reserved right to revoke or change the beneficiary designation and the right to surrender or make a loan on the policy without the consent of the beneficiary.

You should know, however, that if you have taken a loan on your policy, it will decrease your cash value and death benefit until it's paid back.

The first approach is simply to use outside dollars to pay down the loan on the policy, either in part or in full.

I thought of taking a loan on this policy.

It is also possible to surrender the policy in between, or take a loan on the policy to avail emergency financial benefits.

After you have paid the premium for few years, you can even avail a loan on the policy depending upon the cash value of your policy.

If you want to withdraw some funds for your financial requirements, you can not do so without surrendering the policy which would result in loss or taking a loan on the policy which would attract interest.

You can not get any loans on this policy.

7) You can also avail a loan on this policy.

Loan on Policy: A loan can be availed on policy after completion of the first year of the policy term as per the accumulated surrender value and the company's terms and condition which may be subject to change from time to time.

Loan on Policy: A loan can be availed on policy as per the accumulated surrender value and the company's terms and condition which may be subject to change from time to time.

In short, you can take out a loan on the policy.

also alternatively on a lighter note, how about taking a Loan on Policy and invest the same in a better instrument to partially cover for the notional losses that I had suffered so far...: --RRB-

If you do take out a loan, ask to see a policy illustration that can show the impact of your loan on your policy's death benefit.

According to experts, getting a loan on this policy is difficult due to its low surrender value, compared to endowment and money back.

Loans on policies: While policyholders can not partially withdraw from a pension plan, loans can be sanctioned against Ulips.