Sentences with phrase «tax free loans»

Policy owners can take tax free loans from the cash values of their policies.

Clients can access the cash value through tax free loans and withdrawals, and they can choose how to build their portfolio.

Be careful, though: if you're not totally sure that you've calculated correctly, or that your tax situation this year will be the same as last year, maybe a tax free loan to the government with a refund in April is a better scenario than the reverse, especially if the resulting tax bill comes as a surprise.

Any extra money you pay them is a tax free loan to the IRS.

As many have stated before, there's no reason to give the government a «tax free loan».

Having the ability to take out a tax free loan against the cash value in your policy whenever you want for whatever reason is a gigantic -LSB-...] Read More

Having the ability to take out a tax free loan against the cash value in your policy whenever you want for whatever reason is a gigantic benefit.

As an example, a properly structured cash value whole life insurance policy that is purchased from a mutual company, is one that has tremendous liquidity, low cost (majority of the cost is buying lifelong level insurance — not to be compared to term), no tax on the growth of the account, tax free loans, tax free withdrawals (up to basis), tax free to survivors, no contribution limits, no required withdrawals, is free from creditors, and has minimum guarantees.

Used to preach, buy term, invest the difference... But a permanent death benefit, cash values, tax free loans, tax free lump sum payment to beneficiary, privacy of beneficiary info, very difficult for others to get at your cash value, ability to fund very high amounts with tax benefits, cheaper while you are younger / healthy, paid up additions, Potential less premium with IUL and index gains potential, or Whole Life and pay more for insurance, but higher dividends...

Life insurance cash value also grows completely free of tax, and tax free loans are permitted from life insurance policies for any reason, and often free of charge from insurance companies (interest will accrue though if not repaid).

Having the ability to take out a tax free loan against the cash value in your policy whenever you want for whatever reason is a gigantic benefit.

You have to pay taxes on those premiums in exchange for a much larger tax free benefit, or a tax free loan against what would be taxed if outright withdrawn..

Anyone who has ever been subjected to a pitch from a life insurance agent has heard about the wonder of «tax free» cash value loans (I can pretty much get a tax free loan from anyone — my bank, credit union, brother - in - law, etc.) as though life insurance is some magical money making machine with no negative tax consequences.

He can access this million at any time as a tax free loan and use the funds to buy investments then repay the loan.