Sentences with phrase «tap into your life insurance»

So, rather than tap into your savings, you can tap into your life insurance death benefit.

What if you could tap into your life insurance to pay for the care you need?

Both types of life insurance and long - term care combination products will tap into the life insurance policy's death benefit proceeds in order to cover the insured's qualifying long - term care expenses.

It's not wise to tap into your life insurance unless you've exhausted all other funding sources.

What I'd like to know more of, are the tax issues with living off of interest in retirement vs. spending down assets then tapping into a life insurance policy tax free on the back end.

You'll pay fees if you tap into your life insurance and your survivors won't get that life insurance money when you die.

However, one could be financially prepared for this kind of a situation to some extent by tapping into their life insurance policy's accumulated cash value, as it serves as a temporary financial backup.

This type of rider lets people who are terminally ill, have a chronic illness or in long - term care tap into life insurance, while still leaving your loved ones with the remaining life insurance benefits.

Do many seasoned investors recommend to tap into your life insurance cash value as a loan to your self to fund a real estate investment?

Not exact matches

However, these days only a handful of insurers offer LTC insurance, so another option may be life insurance with an LTC rider, which allows families to tap into the benefits they would receive upon the policyholder's death while he or she is alive and requires care.

While the cash value feature is an attractive option it's important to remember, though, that tapping into the cash value of a life insurance policy reduces its value and death benefit and increases the chance the policy will lapse.

Also, tapping into the cash value of a life insurance policy reduces its value and death benefit and increases the chance the policy will lapse.

However, some people are fortunate as they can tap into their savings or cash value life insurance policy for their survival for a few months without working, while other can't afford to stop working for long periods of time.

A smarter financial move than buying life insurance is to stash money into an emergency fund, which could be tapped for any type of crisis, says Keith Amburgey, CEO of Rutherford Asset Planning in Tampa, Florida.

Having enough life insurance in your financial plan can cover these costs, preventing your family from having to drain their emergency savings, tap into a retirement account, or being forced to take out a loan at this very difficult time.

But did you know that your life insurance policy may also provide you, the policy holder, with certain living benefits that you could tap into in the event you become seriously ill?

Also, tapping into the cash value of a life insurance policy reduces its value and death benefit and increases the chance the policy will lapse.

While the cash value feature is an attractive option it's important to remember, though, that tapping into the cash value of a life insurance policy reduces its value and death benefit and increases the chance the policy will lapse.

A permanent life insurance policy doubles as a savings vehicle — all those premiums will build over time, creating a liquid asset you can tap into.

If you would like to retain the flexibility of tapping into a cash value life insurance policy's equity for retirement or other purposes down the road, you should consider either funding an independent policy for your ILIT or foregoing the strategy altogether.

This is one of the biggest reasons why life insurance agents will consider transitioning to final expense insurance to be able to tap into a rewarding opportunity.

Permanent life insurance policies can build up cash value that you may tap into later if you leave the workforce.

Your life insurance policy is a possible source of funds — but should you tap into it?

Second, part of the money you pay into your permanent life insurance policy is set aside in an account where it can grow cash value that you can tap into later on.

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.

Having cash value means you can tap into your permanent life insurance policy if you find you need money later.

If you're looking for a way to help guarantee your family's financial future, whole life insurance will pay if something happens to you, plus build cash value that you can tap into as long as the policy remains in force.

Funds are accessed by tapping into the cash value accumulated within your Whole Life policy, which as it builds, is like funding a line of credit for Whole Life insurance policyholders.

We do this by asking you the same kind of questions that a life insurance company would, and then tapping into our extensive knowledge of dozens of the best life insurance companies in the United States (including Guarantee Trust Lilife insurance company would, and then tapping into our extensive knowledge of dozens of the best life insurance companies in the United States (including Guarantee Trust Lilife insurance companies in the United States (including Guarantee Trust LifeLife).

At TermLife2Go, we operate as a life insurance «think tank» tapping into some of the top minds in the industry to find the right companies and products to focus our attention on.