Sentences with phrase «policy for one's cash value»

If you choose to surrender your life insurance policy for cash value you will typically be taxed the difference between any proceeds received and the cost of the life insurance policy.

If you surrender the entire policy for cash value, you terminate the policy.

Also, according to the American Council of Life Insurers, you can cancel or surrender the permanent life insurance policy for its cash value.

If you are the owner, you can do anything you want with it including naming the beneficiary up to loaning or surrendering the policy for its cash value.

AG ROP is a level premium term product that allows you to surrender the policy for cash value at the end of the term, providing a full return of your premiums.

You can either surrender the policy for its cash value or take the needed funds as a loan against the policy.

An option to surrender the policy for its cash value.

It may allow you to receive more money than if you cancelled or surrendered the policy for its cash value, but less than the face value — or death benefit — of the policy.

In turn, the purchaser can also surrender the policy for its cash value at any time.

Exchange of the policy for its cash value.

The main purpose of the legal reserve is to provide lifetime protection, but because more money is collected in premiums in the early years of a policy than is needed to cover the mortality charge, level - premium policies develop a cash value, which the policyholder can borrow against, or can surrender the policy for its cash value if the policyholder no longer wishes to continue the life insurance policy.

Gives you the option to surrender your policy for cash value at the end of the level premium period

Exchange of the policy for its cash value is another way to realize or capture the value the policy on its date of gift.

After years of growth, the policy owner can borrow against the cash value or give up the policy for the cash value.

That means that if you should decide you no longer need the life insurance, you can surrender your policy for the cash value.

It may allow you to receive more money than if you cancelled or surrendered the policy for its cash value, but less than the face value — or death benefit — of the policy.

A period of financial stress, say, may prompt you to eliminate the high annual payment and surrender the policy for its cash value.

Or you can surrender the policy for the cash value, but the amount will be substantially less than what you paid in.

An option to surrender the policy for its cash value.

You may surrender your policy for its cash value.

In turn, the purchaser can also surrender the policy for its cash value at any time.

They have an option for me to «surrender» the policy for cash value.

These rights include the right to receive policy dividends (if applicable), the right to name a beneficiary, the right to surrender the policy for its cash value (if applicable), and even the right to transfer ownership of the policy.

You can also borrow money against the account or surrender the policy for the cash value.

You also are allowed to surrender a whole life insurance policy for its cash value, so if an emergency crops up, you'll have that as a source of funds to tap into.

AG ROP is a level premium term product that allows you to surrender the policy for cash value at the end of the term, providing a full return of your premiums.

If your situation changes, you can close the policy for a cash value — but that will nullify your coverage.

Do not cancel the policy for its cash value until you have spoken to a reputable agent and made sure that you are sure that you no longer need it.

I would rather get the cheapest no - lapse UL and invest the difference outside of a policy for my cash value.