Sentences with phrase «of policy cash values»

The cash that is inside of the policy cash value component is allowed to grow on a tax - deferred basis.

If the policy lapses, is surrendered or becomes a MEC, the loan balance at such time would generally be viewed as distributed and taxable under the general rules for distribution of policy cash values.

If the policy lapses, matures, is surrendered or becomes a modified endowment, the loan balance at such time would generally be viewed as distributed and taxable under the general rules for disbursement of policy cash values.

The first 2 choices (# 1 and # 2) above focus on either maintaining the policy in force OR a preserving maximum death benefit, whereas the last 2 choices are preferred in many cases because they facilitate the ongoing performance and growth of the policy cash value.

Use of policy cash values could reduce the life insurance death benefit.

Some may like to take full advantage of a policies cash value that will build during the duration of their life, while others may not be ready to purchase such a plan until a situation that necessitates insurance arises.

So - called «non-forfeiture» laws ensure that if a consumer walks away from the policy, that reserve is available in the form of a policy cash value that can be paid if / when the policy is surrendered.

Because the life insurance company uses a combination of the policy cash value (while alive) or the policy death benefit (after death of the insured) to provide collateral and «guaranteed» repayment of the loan.

If the policy lapses, matures, is surrendered, or becomes a modified endowment, the loan balance at such time would generally be viewed as distributed and taxable under the general rules for distributions of policy cash values.

If the policy lapses, matures, is surrendered or becomes a modified endowment, the loan balance at such time would generally be viewed as distributed and taxable under the general rules for disbursement of policy cash values.

The first 2 choices (# 1 and # 2) above focus on either maintaining the policy in force OR a preserving maximum death benefit, whereas the last 2 choices are preferred in many cases because they facilitate the ongoing performance and growth of the policy cash value.

If the policy lapses, is surrendered or becomes an MEC, the loan balance at such time would generally be viewed as distributed and taxable under the general rules for distribution of policy cash values.

If the policy lapses, is surrendered or becomes a MEC, the loan balance at such time would generally be viewed as distributed and taxable under the general rules for distribution of policy cash values.

If the policy lapses, is surrendered or becomes an MEC, the loan balance at such time would generally be viewed as distributed and taxable under the general rules for distribution of policy cash values.

If the policy lapses, matures, is surrendered, or becomes a modified endowment, the loan balance at such time would generally be viewed as distributed and taxable under the general rules for distributions of policy cash values.

Loans: Universal and Whole Life policies allow you to utilize some of your policy cash value for current needs in the form of a loan.