Sentences with phrase «usable cash value»

While term insurance only pays out a death benefit for a certain period, a whole life policy provides a death benefit that pays out at any point in your life while simultaneously building usable cash value along the way.

Whether the return of cash value is guaranteed, as in a whole life or guaranteed UL policy OR whether based upon the financial markets, as in IUL and Variable UL policies, the idea behind permanent insurance is to accrue a nest egg of usable cash value within a life insurance policy.

The important difference then becomes the costs associated with traditional whole life as well as the desire to accumulate usable cash value within the policy.

Whether the return of cash value is guaranteed, as in a whole life or guaranteed UL policy OR whether based upon the financial markets, as in IUL and Variable UL policies, the idea behind permanent insurance is to accrue a nest egg of usable cash value within a life insurance policy.

Not exact matches

A reverse mortgage turns the value of your home equity into usable cash, which you can use to supplement your income, finance home improvements, pay medical bills or debts, or even fund a family member's college education.