Sentences with phrase «surrender value of life»

Surrender value of Life Shield Platinum and Triple Anand Advantage is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of Life Shield Platinum and Aviva i Life is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of My Life Plus and Canara HSBC Smart Monthly Income is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of My Life Plus and Aviva Corporate Life Plus is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of My Life Plus and Exide Life My Term is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of My Life Plus and Future Generali Bima Gain is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of My Life Plus and LIC New Jeevan Anand is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of My Life Plus and IndiaFirst Maha Jeeven Plan is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of Life Shield Advantage and iLife Secure is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of Life Shield Platinum and E T Total Secure Plus is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of My Life Plus and ICICI Pru Loan Protect is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of My Life Plus and Max Life Whole Life Super is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of Life Shield Platinum and Online Term is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Income tax provisions do not stipulate any separate tax treatment for surrender value of a life insurance policy.

The best way to determine the cash surrender value of a life insurance policy is to talk to the local insurance agent or call the insurance company direct.

Furthermore, for the surrender value of a life insurance policy, there are certain conditions which, if fulfilled, will result in tax relief.

You can find out the exact cash surrender value of your life insurance policy by asking your financial advisor.

The cash surrender value of a life insurance policy is property for purposes of section 3670 of the Internal Revenue Code of 1939 (now section 6321 of the current Internal Revenue Code of 1986, as amended), imposing the Federal tax lien.

However, the cash surrender value of your life insurance policy is something that you are not currently using which means that whatever happens you still have your other assets at work.

This is essential to have a decent understanding of cash surrender value of life insurance when you purchase a whole life policy.

You can take a loan against the surrender value of your life insurance policy.

In essence, the surrender value of life insurance is the savings part of the policy that is used by people around the world who have these particular policies.

Up to a point, the surrender value of life insurance is not subject to tax.

All things considered, when you calculate the cash surrender value of life insurance, the benefits will usually outweigh the concerns if you have made the proper preparations.

Not exact matches

A life insurance policy's cash value is essentially the amount of money you would receive if you decided to give up the policy to the insurer, or surrender your coverage.

Your life insurance net cash value is the «actual» surrender value of the policy, and you will typically find it listed separately in your life insurance statements.

Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).

These policies all generally have a cash value component, which is essentially the surrender value of the policy (if you give it up before its maturity or your death), and is the primary reason permanent life insurance policies are more expensive than term policies.

It's a powerful, soulful and touching evocation of family values, the American spirit, believing in yourself, not surrendering to age and living your dream.

Term - to - 100 is similar to whole life, except without any refund of the cash surrender value if you cancel your policy.

The surrender cash value of any permanent life insurance is commonly counted as an asset.

A life insurance policy's cash value is essentially the amount of money you would receive if you decided to give up the policy to the insurer, or surrender your coverage.

Your life insurance net cash value is the «actual» surrender value of the policy, and you will typically find it listed separately in your life insurance statements.

A surrender charge is a hold back amount that an insurer charges against the cash values of a life insurance policy for the first 8 to 10 years, if funds are withdrawn early.

The benefit of combining the two insurances into one policy is you get life insurance death benefit coverage, help with your long - term care services, cash value growth that can be accessed via policy loans, with full cash surrender value plus return of premium if necessary.

Terminal Illness / Nursing Home Care Rider After the first policy year, the withdrawal charge on withdrawals up to 50 % of the Cash Surrender Value ($ 1,000 minimum) is waived upon the occurrence of one of the following events for the Owner: (a) Terminal illness (life expectancy of 12 months or less).

You can take out a loan on a life insurance policy's cash surrender value if you're in need of immediate funds.

All types of permanent cash value policies typically have a specified cash surrender period that must lapse before you can completely withdraw the cash value in the policy without paying penalties to the life insurance company.

Cash value life insurance, whether whole life, IUL, or VUL, allows for the tax - free growth of funds in a policy's cash account unless the policy is canceled or surrendered, transferred or assigned to another owner, or the IRS no longer designates the policy a life insurance contract.

These policies all generally have a cash value component, which is essentially the surrender value of the policy (if you give it up before its maturity or your death), and is the primary reason permanent life insurance policies are more expensive than term policies.

From a strategic standpoint, the popularity of cash value life insurance stems from its ability to both provide insurance protection and grow funds on a tax - deferred basis — interest and earnings in policies of this type are not taxable unless a triggering event occurs, such as surrendering the policy.

The maturity clause of a life insurance policy is fairly complicated, but this basically means that the value you would be able to keep by surrendering the policy becomes larger than the total death benefit.

3At any time during the life of the policy, you may elect to have your cash surrender value returned to you, ending the policy.

The flexibility of a universal life policy — specifically your ability to change payment dates and premium and coverage levels — is a valuable feature, but it's also dependent on your policy having enough cash surrender value to cover the monthly policy charges.

The right of a judgment debtor to accelerate payment of part or all of the death benefit or special surrender value under a life insurance policy, as authorized by paragraph one of subsection (a) of one thousand one hundred thirteen of the insurance law [* see below], or to enter into a viatical settlement pursuant to the provisions of article seventy - eight of the insurance law, is exempt from application to the satisfaction of a money judgment.

The term «proceeds and avails», in reference to policies of life insurance, includes death benefits, accelerated payments of the death benefit or accelerated payment of a special surrender value, cash surrender and loan values, premiums waived, and dividends, whether used in reduction of premiums or in whatever manner used or applied, except where the debtor has, after issuance of the policy, elected to receive the dividends in cash.

If a policy of insurance has been or shall be effected by any person on his own life or upon the life of another person, the policyowner shall be entitled to any accelerated payments of the death benefit or accelerated payment of a special surrender value permitted under such policy as against the creditors, personal representatives, trustees in bankruptcy and receivers in state and federal courts of the policyowner.

If a policy with no cash surrender value is sold (for example a term life insurance contract), the policy premiums would have largely covered just the cost of insurance, so that the proceeds received from the sale of the policy would all be capital gains.

In this situation, consider having your children own the life insurance policy, because, if the parent (s) become institutionalized, the cash value of this policy will be includable in their assets and may have to be withdrawn, or the policy surrendered in order to pay for long - term care expenses.

The cash value of a life insurance policy accumulates tax deferred, but if you surrender the policy, you'll incur an income tax liability for funds that exceed the premiums you have paid.