Sentences with phrase «value of the life insurance serves»

The bottom line, though, is simply this: in the end, a life insurance policy loan is really nothing more than a personal loan from a life insurance company, for which the cash value of the life insurance serves as collateral for the loan.

Not exact matches

According to the life insurance agent's chart, after 30 years the cash value of the whole life policy will be well into six figures, and will also serve as an additional retirement plan.

Funding a split dollar plan is a way to reward a key employee while accruing cash value in a whole life insurance policy that can serve as a ready source of funding for the employer.

Don't miss the fact that in the above examples, your money is working hard and has never stopped moving, i.e. the velocity of money... this is the essence of the conduit whole life insurance strategy because your cash value policy has served as a natural channel through which your money moves continually, growing perpetually to fund both your safe bucket and higher risk opportunities.

The secondary objective of life insurance (more sophisticated insurance types) is to serve as a financial vehicle accumulating value that can be recovered at a later point.

Beyond serving as effective case management tools for ill / injured individuals, Life Care Plans provide litigators, insurance companies, trusts and courts with qualified, quantitative and referenceable bases upon which to substantiate the monetary value of medically - related compensatory damages.

Typically, Whole Life, the most common type of permanent insurance, not only serves to pay - out your beneficiaries upon your passing, but also has a current cash value that can be borrowed against or cashed - out anytime.

A top - rated life insurance company will typically provide information on the history of the company that includes how long they've been in business and their value proposition in serving customers.

The cash value aspect of whole life insurance also serves as a forced savings vehicle: Over time the insurer reduces its commitment to cover your death benefit as your cash value grows and eventually becomes big enough to cover the entire death benefit payout.

Permanent life insurance policies» payouts may be taxed, but only in situations where you take advantage of their ability to accumulate value and serve as short - term loans from your insurance company.

In order for the policy holder to receive his or her cash value, he or she must surrender the policy contract, which serves as the documentation of his or her rights and obligations in his insurance policy, to the issuing life insurance company.

Some forms of life insurance also include an investment component known as cash value, which can serve as a sort of savings account.

Funding a split dollar plan is a way to reward a key employee while accruing cash value in a whole life insurance policy that can serve as a ready source of funding for the employer.

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.

Permanent life insurance policies can serve as tax - advantaged savings vehicles through the accumulation of cash value.

Although the majority of the clients we serve come here to compare term life insurance quotes, there are times when it makes sense to opt for a policy that builds cash value and lasts your entire life.

The existence of the term life insurance is not meant to accumulate cash value but to serve as a protection for different personal reasons of the individual who makes a purchase.

If you would take the offerings at face value you would believe that seniors only need small amounts of life insurance and they would all somehow be better served by not taking an exam.

The investment component serves as «bank» of sorts for the amounts left over after charges are applied against the premium paid, namely charges for mortality (to fund the payouts for those that die with amounts paid beyond the cash values), administrative fees (it costs money to run an insurance company (grin)-RRB- and sales compensation (the advisor has to earn a living).