Sentences with phrase «person borrow against some cash value»

This policy also lets the person borrow against some cash value from the policy up to the stipulated limit.

Not exact matches

Most people choose to use policy loans to borrow against their cash value using a wash loan — or in some cases gaining via arbitrage.

The cash value element is usually the point of attraction that convinces most people to purchase this product, for which you can borrow against at anytime.

One of the advantages of a whole life policy is that it accumulates cash value over time, thus creating an amount that a person can borrow against if needed.

The cash value accumulation portion of any permanent life insurance is only available to the insured person while they are still alive, and is available to borrow against (for which the policyholder will be charged interest) or for withdrawal.

After several years, a whole life policy has cash value and you, as the policy owner, can borrow money against the policy or ask for part of the benefit to be paid even though the insured person is still living.