Sentences with phrase «on a tax free basis»

On top of the permanent nature of this type of insurance, you can accumulate money on a tax free basis in the cash value.

One reason a person may want to consider a variable life insurance policy is that the funds accumulate on a tax free basis.

The money grows inside of the policy on a tax - deferred basis and can be drawn out in retirement on a tax free basis.

The only tax implication (that I can think of) is that your contribution for your partner will not be removed from your paychecks on a tax free basis.

The Judge accepted that Fairmont had always intended to unwind the shares on a tax free basis.

The cash values would also be available to fund lifestyle or personally managed investments on a tax free basis in the form of refunds of premiums paid in and policy loans (which would be paid off on death by the death benefit.)

You are allowed to transfer all (or some of) the cash value in your variable, universal or whole life insurance policy and deposit the funds on a tax free basis into a new life insurance policy.

Annuities will accept transfers from other annuities on a tax free basis.

Advantages of Whole Life Insurance Online include the tax free build up of cash, the ability to have dividends purchase additional coverage (in mutual companies), and the ability to borrow from the policy on a tax free basis under certain circumstances.