Sentences with phrase «surrender value of the policy»

The difference between the cash surrender value of the policy at the time of sale, and the original basis is ordinary income.

The plan offers a loan facility which is 90 % of the special surrender value of the policy at the end of the relevant policy year less any unpaid premiums for that year.

If your policy has a cash value, you should make sure to receive more than the cash surrender value of your policy if you enter into a life settlement contract.

If you choose to end a life insurance policy, you can surrender it to the insurance company and receive the cash surrender value of the policy in return.

Policy may be immediately terminated if the outstanding loan and unpaid interest exceeds surrender value of the policy.

Surrender value of a policy assumes significance especially, when you are looking out for a loan.

But you may surrender your risk cover and take surrender value of your policy yourself, but it will not be 100 % of sum assured.

A policyholder can also surrender a whole life insurance policy to the insurance company and receive the cash surrender value of the policy in return.

If the policyholder surrenders a cash value life insurance policy on his life for the cash surrender value, the excess of the cash surrender value of the policy over the tax basis (which equals what the policyholder has paid in premiums for the policy) equals ordinary income to the policyholder because the policy is not considered a capital asset.

The policyholder can avail of a policy loan that is a maximum of 90 % of the Special Surrender Value of the policy at the end of the relevant policy year.

In case of non-payment of the loan, the amount owned will be taken from the accumulated surrender value of the policy and the policy will be terminated.

The value accrued at the time of surrender of the policy is calledcash surrender value of the policy.

What isimportant is the current cash surrender value of the policy, available loan amount, interest rate on said loan, type of policyyou own, and your future plans to either pay back the loan or not.

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.

This is known as a partial surrender, which reduces the cash surrender value of the policy and the death benefit amounts.

Our insurance premium financing lets our clients leverage the cash surrender value of their policies.

In terms of taxation, the excess of the cash surrender value of the policy (plus any outstanding loans) over your basis in the contract is treated as taxable income.

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.

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.

This is essentially the surrender value of the policy and can be borrowed against if, for example, you have an emergency medical expense.

This is the amount between the death benefit and the cash surrender value of the policy.

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.

For example, an employer could be entitled to receive the greater of the premiums actually paid OR the cash surrender value of the policy.

The surrender value of the policy changes with time, which is something to pay attention to when accessing the cash value.

The surrender value of the policy as per him is Rs 67000 and as a result, he is dissuading me from surrendering the policy as the total loss for me would be Rs 1,10,000 / -.

Settlements are always higher than the cash surrender value of the policy but lower than the death benefit.

Gifts of Life Insurance are made by transferring ownership of a fully paid policy and give you an immediate tax deduction for the cash surrender value of the policy.

Generally speaking, you'll be allowed to borrow any figure as long as it's under the cash surrender value of the policy, typically around 90 % of the policy's cash value.

It takes several years, with interest rates at historic lows in 2016, to reach a breakeven point, when total premiums paid equals the cash surrender value of the policy.

There are certainly several implications for tapping the cash surrender value of the policy.

This is essentially the surrender value of the policy and can be borrowed against if, for example, you have an emergency medical expense.

The surrender value of the policy changes with time, which is something to pay attention to when accessing the cash value.

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.

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.

Should the loan and accumulated interest become greater than the surrender value of the policy, policyholders could find themselves having to pay significant premiums to keep the policy in force.

Candidates for life settlements are typically aged 70 years or older, with a life insurance policy that has a death benefit or at least $ 100,000, and those seniors who sell a policy can obtain roughly seven times more money than the cash surrender value of the policy.

The sale of a policy can bring you roughly seven times more money than the cash surrender value of your policy.

The insured - In the event or retirement, the policyholder can take tax - free income by loans and withdrawals from the cash surrender value of the policy.

Potential investors, need to consider ULIPs objectively and also the other various factors, such as surrender value of the policy, loyalty bonuses on maturity and level of cover needed.

If at anytime during the policy term, the outstanding loan and interest thereon exceeds 90 % of the surrender value of the policy, the policy will be foreclosed by paying the surrender value after deduction of the outstanding loan and interest thereon.

Finding out the surrender value of the policy is not much of a problem.

Sometimes called a «life settlement», a «senior settlement» or a «lifetime settlement», the life insurance settlement typically offers the original policyholder more money than the cash surrender value of the policy, and offers the life insurance settlement company an opportunity for substantial profits.

Foreclosure of policies with loan: If at any time during the policy term, the outstanding loan and interest thereon exceeds 90 % of the surrender value of the policy, the policy will be foreclosed by paying the surrender value after deduction of the outstanding loan and interest thereon.