Sentences with phrase «sort of policy loan»

The policy owner has the option to use the amount and use it as a sort of policy loan wherein the money received is 100 % tax free and does not need to be paid at all.

Not exact matches

The speedy payback of the policy loan works as a sort of accelerated savings account.

As you can imagine, this type of policy isn't often written because it requires a lot of upfront money, it's sort of like buying a house without taking out a loan.

Citibank (Eatontown, NJ) 11/2006 — 05/2007 Financial Associate • Received cash, checks, bonds, and loan payments issuing receipts, refunds, credits and change as needed • Resolved customer complaints and answered inquiries in a timely and professional manner • Sorted, counted, and wrapped currency and coins, sold certified checks, money orders, and gift cards • Responsible for collecting ATM deposits and opening and closing of the bank • Assisted in the successful opening of the branch • Trained junior associates in company policies and procedures • Performed all duties with positivity, professionalism, and integrity

While these loans might seem like the easiest route to secure funding for your purchase and rehab costs, these providers come with their own potential concerns: they may not understand the intricacies of real estate investments, and are not bound by any sort of set company policies.