Sentences with phrase «outstanding loans against them»

Additionally, if the policy has an accrued cash value, any outstanding loans against the policy will be deducted before you receive the cash value.

If it was a whole life or other permanent policy, any outstanding loans against the policy's cash value would be subtracted as well, Graham says.

Furthermore, the death benefit is fixed, minus any outstanding loans against the cash value account.

Any outstanding loans against the cash value at the time of the policy holder's death are deducted from the face value of the policy.

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

Assuming you can prove continued insurability, pay off the overdue premiums plus interest, and cover any outstanding loans against the cash value, some life insurance companies will let you reinstate a policy within a certain time period.

According to human resources consulting group Aon Hewitt, about 24 % of 401 (k) accountholders had outstanding loans against their bank balances at the end of 2016 — not a great sign for their future retirement security.

Loan - to - value ratio, or LTV, measures the balance of an outstanding loan against the value of the asset that the loan purchased.

Loan - to - value ratio, or LTV, measures the balance of an outstanding loan against the value of the asset that the loan purchased.

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

Not exact matches

It is also important to note that liabilities, such as outstanding bank loans, guarantees, lease agreements and payments to suppliers are usually not insured, leaving the personal assets of business owners pledged against these liabilities, and potentially leaving family members in financial distress.

If one does borrow against their 401 (k) accounts, the analysis said borrowers should keep in mind a few in particular, such as if you move to a new job, any outstanding 401 (k) loan balance typically must be repaid within 60 days.

PMI protects lenders against the risk that the value of the home will fall below the outstanding principal balance on the mortgage, leaving the borrower «underwater» on the loan.

The reserve amount is referred to as the reserve requirement because it is the amount banks must hold in reserves against liabilities or loans outstanding.

The on - loan Arsenal defender — banned from yesterday's game against Liverpool — would have seen Tomkins produce an outstanding performance just as he did in the seasonal opener at the Emirates Tomkins has consistently -LSB-...]

The on - loan Arsenal defender — banned from yesterday's game against Liverpool — would have seen Tomkins produce an outstanding performance just as he did in the seasonal opener at the Emirates

State campaign records show Paladino, the state's most high profile Donald Trump supporter, still has $ 7.6 million in outstanding liabilities stemming from loans he personally floated his 2010 campaign when he unsuccessfully ran against Cuomo.

Available information shows that due to non-payment of these loans, the banks have declared GH cents 2.4 billion of the outstanding stock of loans as a complete loss and are making provisions against profits.

Use your budget to determine how much you are paying on all your outstanding debt and then calculate what the payments would be if they were all consolidated under the one loan against your house.

The equity in your home is the value of your home less any outstanding loans owed against it.

Banks may have some terms and conditions such as if you make any prepayments on your home loan in the first year of taking a top up loan, these funds are adjusted against your top up loan and your home loan outstanding remains intact.

A personal loan, can be used for any purpose including renovating your house, paying for a wedding, purchasing business equipment, setting up a new office, clubbing outstanding dues against one loan, capitalising on an investment opportunity or simply taking a long - awaited vacation and so on.

Since your rates will be higher as a result, you should really compare the rate against the credit card rates and other loan rates which are currently outstanding.

With GAP (Guaranteed Auto Protection), you are protected against a loss in the event of an accident or theft where your auto insurance doesn't cover your full outstanding loan balance.

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.

A mortgage is simply a particular kind of term loan — one secured by real property — and in a term loan, the borrower pays interest calculated on an annual basis against the outstanding balance of the loan.

When Canada Student Loans gets the dividend from the bankruptcy it will undoubtedly be applied against your account, thereby reducing the amount of student loan outstanding.

A lender uses this to protect against falling rates on an outstanding floating - rate loan.

If the vehicle that will be used as collateral in the transaction has a clean and clear title - and has no outstanding liens against it - the owner of it will almost always qualify for a loan.

As long as you own the car outright, meaning you have no outstanding loans on the vehicle or tax liens outstanding, you qualify to borrow against your car's equity.

This means you have no outstanding loans or liens against your vehicle.

This is because if the owner later decides to turn their PPOR into an investment property they are able to withdraw the cash from the offset account and claim all of the associated interest costs on their outstanding loan as a tax deduction (because the deductibility of interest costs are capped to the lowest principal balance the loan has ever been at whilst the property was a PPOR) whilst using the cash to offset against the new PPOR mortgage which is generating non tax - deductible interest.

Non-direct recognition refers to a whole life insurance company that does NOT alter its dividend rates based upon outstanding loans taken by the policy owner against the policy cash value.

This allows you to pay more against the outstanding principal, reduces your interest payments, and shortens the length of time required to pay off the loan.

If we take out that loan, and use it to repay all other outstanding debt, we would now have a debt of # 15,000 and # 650 to repay against that loan over time.

The scheme collapsed and the bank brought proceedings against the underwriters seeking more than # 11.3 m in respect of outstanding loans relating to some 5,500 unsuccessful claims that were admitted into the scheme.

As for the second part of the clause, the sole function of the words «to the extent of the amount of the outstanding loan (together with accrued interest payable thereon to the Funder by the Assured) due at the date of avoidance, repudiation or denial aforesaid» was to define the extent of indemnity by reference to the terms contained in the loan agreement accepted by the bank, whether or not that agreement was enforceable by the bank against the borrower.

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.

As with whole life insurance, you may be able to take loans against the cash value of a universal life policy, however the death benefit and cash value will be reduced by the amount of any outstanding loans and interest upon your death.

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.

Any cash value that may accumulate in your policy can be withdrawn or borrowed against and used for any purpose (important note: any outstanding loans or partial withdrawals that aren't paid back will reduce your policy's death benefit)

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.

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.

Some permanent life insurance policies allow for loans against the insurance policy - in the case of any outstanding loans, the death benefit is paid to beneficiaries less any outstanding loan balance.

In fact, if you do not repay principal even till maturity / death, LIC will automatically square off the outstanding loan amount against maturity / death benefit and pay the balance to you / your nominee.

Exide Life Group Loan Suraksha, a single premium insurance plan that provides a financial shield to you against the outstanding loan amount in case of an unfortunate evLoan Suraksha, a single premium insurance plan that provides a financial shield to you against the outstanding loan amount in case of an unfortunate evloan amount in case of an unfortunate event.

Higher of Guaranteed surrender value or Special surrender value will be paid to you as Cash Surrender Value, after deduction of any outstanding amount on the policy (Policy Loan or any amount payable against your policy) and TDS * (if applicable).

With this thought in mind, we have designed Exide Life Group Loan Suraksha, a single premium insurance plan that provides a financial shield to you against the outstanding loan amount in case of an unfortunate evLoan Suraksha, a single premium insurance plan that provides a financial shield to you against the outstanding loan amount in case of an unfortunate evloan amount in case of an unfortunate event.

Policyholders who have borrowed against their policies may receive reduced annual dividends while the loan is outstanding.