Sentences with phrase «loans against the policy»

Money loaned to the policyholder through an automatic premium loan is treated like any other loan against the policy's cash value.

If you have a loan against the policy then Penn Mutual will use a portion of any earned dividend to pay a margin from the interest rate component.

Has the face amount been reduced by loans against the policy?

These mostly have to do with surrendering the policy while the insured is still alive, the policy lapsing, or when the person being insured takes out a loan against the policy.

If you die within the term and there is a loan against the policy, your beneficiaries will receive the death benefit minus the loan plus interest.

Keep in mind that loans against the policy will accrue interest and decrease both death benefit and cash value by the amount of the outstanding loan and interest.

You can either surrender the policy for its cash value or take the needed funds as a loan against the policy.

It is possible to take out a loan against a policy's cash value, however, if the loan remains outstanding this will decrease the death benefit.

Loan Cash value life insurance allows the policy owner to take a loan against the policy's cash value.

In cash value policies, only the owner of the contract is the only person that can take withdrawals or loans against the policy.

These factors may affect an insurance company's investment if you are taking out loans against your policy to cover medical costs or lost income.

Loans against the policy accrue interest and decrease the death benefit and cash value by the amount of the outstanding loan and interest.

Keep in mind that loans against the policy will accrue interest and decrease both death benefit and cash value by the amount of the outstanding loan and interest.

Nevertheless, a partial withdrawal is like taking a loan against your policy and can have certain consequences, making it influential for you to get hold of a broker before taking partial withdrawal into consideration.

The amount of your benefit will also be reduced by any outstanding loans against your policy.

Also, the insurance plan provides loan advantages under which the insurance holder can avail loan against his policy.

Depending on the type of policy, you can use the dividends to pay down the policy's premiums, you can withdraw funds, or you can take out a loan against the policy.

Permanent life insurance plans, such as whole life and universal life, may have policy features like financed premiums or loans against the policy that will need to be factored in before paying the beneficiary.

You can take out a loan against your policy and pay it back with interest at a rate that's generally lower than a bank loan.

This cash balance can ultimately be used for a multitude of purposes such as taking out loans against the policy.

If you want to take out a loan against your policy, forget it.

Certain types of life insurance also offer the ability to take a loan against the policy.

Any APL payments made will count as a loan against the policy which is subject to interest.

Universal life also often allows you to take loans against your policy's cash value.

When you do so, the money you borrow is considered a loan against the policy, and the insurance company will charge interest on the loan.

How much cash value a whole life insurance policy can build depends on such factors as your age, how long you've owned the policy, the policy's coverage amount (death benefit), and whether there's any outstanding debt from loans against the policy.

These annual dividends may be reduced if there is an outstanding loan against your policy.

The cash value may be withdrawn from some policies, while all cash value policies provide provisions for loans against the policy's cash value.

Can take out loans against the policy or surrender it for cash if it's a whole - life or other permanent policy with cash value

You may take out a loan against the policy.

I would need more information about her policy (including type of policy, did she take a loan against the policy, what are the terms of the policy) in order to discuss this intelligently with you.

You may also take a loan against your policy up to the amount of available cash value in the policy.

Many use these types of policies as a way to supplement retirement income needs by taking loans against the policy after retirement.

Policy Loans Another positive characteristic of a life insurance policy is that you can take out a policy loan against your policy to cater to your emergency needs.

It's important to note that if you do borrow from the cash value, it will count as a loan against the policy.

This essentially is taking out a loan against the policy while it is still in effect, with no collateral upfront.

These mostly have to do with surrendering the policy while the insured is still alive, the policy lapsing, or when the person being insured takes out a loan against the policy.

The insured an also take out loans 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.

This is the face value of the life insurance policy that is to be paid out to your beneficaries in the event of your death and the total amount paid out (less any loans against the policy) is usually in a nontaxable lump sum payment.

Whole life insurance policies have cash value, and you can even take a loan against the policy.

You can also raise a loan against your policy from your insurance company itself.

If you die within the term and there is a loan against the policy, your beneficiaries will receive the death benefit minus the loan plus interest.

You don't get any surrender value and you can't take loans against the policy.

Another scenario that can trigger a «surprise» life insurance loan tax bomb is where the policy is using to as a «retirement income» vehicle, either through a version of the «Bank On Yourself» strategy, or simply by taking ongoing loans against the policy to supplement retirement cash flows, and the loans grow too quickly and cause the policy to lapse.

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.

The insurance company will take into account any loans against the policy value when calculating the dividend payment, so beware of the effect of loans.

Partial withdrawal of accumulated bonuses & loan against the policy is available in most whole life policies.

One of the virtues of cash value life insurance is that insurance companies are willing to make loans against the policy at relatively favorable interest rates, because the insurance company knows that it can always foreclose on the policy (i.e., force its surrender) as collateral to repay the loan.

Facility of loan against the policy is available in these policies.