Sentences with phrase «part of the cash value»

While you can withdraw part of the cash value or take out a loan against it, enough money must remain in the cash value to pay for monthly insurance expenses.

A portion of each premium you pay becomes part of this cash value.

This cash value means you can do things like borrow against your policy or cancel the policy for part of the cash value after a period of time.

[x] A form of federal income taxation wherein a person who holds a life insurance policy gets taxed periodically on certain parts of the cash value accumulation of his policy.

This cash value means you can do things like borrow against your policy or cancel the policy for part of the cash value after a period of time.

If you use part of the cash value to pay premiums, you could end up with no cash value.

In many cases, you may choose simply to withdraw and keep all or part of the cash value buildup in your policy.

The selling point is that at any time you can take out part of that cash value without impacting your insurance policy.

You also can withdraw part of the cash value; the death benefit and cash value are then reduced by that amount.

Of course, changing the premium or withdrawing part of the cash value in your policy will affect the rate at which your cash value accumulates.

Policyholders may borrow against the policy, cancel it for all / part of the cash value while alive, and receive favorable tax treatment.

If you want to withdraw part of the cash value of your policy, know that as long as the amount taken out is less that the premiums you've paid into your policy, the withdrawal will not be taxed.

Each time you make a premium payment, a portion is put towards the cost of insurance (such as administrative fees and covering the death benefit) and the rest becomes part of the cash value.

However, Index Universal life insurance is an easier investment type, this product uses part of your cash value to invest into an investment of your choice.

Of course, changing the premium or withdrawing part of the cash value in your policy will affect the rate at which your cash value accumulates.

Policies have a surrender period during which, if you withdraw part of the cash value or decide to give up your coverage, you will pay fees.

The cash value built up inside the policy can either have loans placed against it without tax implications or you can withdraw part of the cash value, which may be subject to additional taxes.

The balance is part of its cash value.

Each time you make a premium payment, a portion is put towards the cost of insurance (such as administrative fees and covering the death benefit) and the rest becomes part of the cash value.

With variable universal life insurance, what you can do is have a part of your cash value accumulation invested in a growth - oriented product.

Policies have a surrender period during which, if you withdraw part of the cash value or decide to give up your coverage, you will pay fees.

If we surrender for a part of its cash value then it is called partial surrender.