Sentences with phrase «withdrawals against the value»

Not exact matches

Alongside the borrowing for the purchase of housing assets, there is the phenomenon of housing equity withdrawal, whereby households are borrowing against rising housing values to fund other forms of spending.

Questions - Getting value for money from companies marketing services to help people make claims against missold Payment Protection Insurance Legislation, revising the system for electing British Members of the European Parliament, dealing with any consequences for social cohesion and criminality of the withdrawal of civil legal aid for social welfare law cases, annual value of employers» national insurance contributions Legislation - Legal Aid, Sentencing and Punishment of Offenders Bill

Taxes and Variable Universal Life Because it is a permanent life policy, VUL provides tax - deferred cash value and loan withdrawals - within certain limits - against the cash value.

There can be high risk to the investment account value based on the market, but if you do have cash value, you can take partial withdrawals or loans against it.

It is important to note, however, that even though a withdrawal or a loan is not required to be paid back, if there is an unpaid balance in the cash - value component of the policy at the time of the insured's death, then the amount of that balance will be charged against the death benefit that is paid out to the policy's beneficiary.

In cash value policies, only the owner of the contract is the only person that can take withdrawals or loans against the policy.

When making a withdrawal, you don't have to sell the asset as with stocks, and if you borrow against the cash value, there are typically no capital gains or ordinary income taxes involved.

Any cash value that may accumulate in your policy can be withdrawn or borrowed against and used for any purpose (important note: any outstanding loans or partial withdrawals that aren't paid back will reduce your policy's death benefit)

You can borrow against the cash value portion to pay for big expenses without any withdrawal penalties, unlike most retirement products, which have penalties if you withdraw before you reach a certain age.

No - lapse guarantees can also be lost when loans or withdrawals are taken against the cash values.

Also, tax - free withdrawals can be made through internal policy loans offered by the insurance company, against any additional cash value within the policy.

Loans2 or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.

You can borrow against (or make a withdrawal from) that cash value to pay for tuition, books and other college expenses while not reducing the amount of federal financial aid available to your child.

Some whole life policies may allow you to borrow against the cash value of your life insurance policy rather than taking a withdrawal.

Making a withdrawal from your cash value balance is an option that many use, sometimes in combination with loans against that cash value, to help pay for their children's college education.

The cash value accumulation portion of any permanent life insurance is only available to the insured person while they are still alive, and is available to borrow against (for which the policyholder will be charged interest) or for withdrawal.

Loans or withdrawals can be taken against the cash value of a whole life insurance policy to help with expenses, such as college tuition or the down payment on a home.

1Policy loans and withdrawals will reduce available cash values and death benefits, and may cause the policy to lapse or affect any guarantees against lapse.

Notably, depleting the cash value with a withdrawal may mean the policy will still ultimately need another contribution (i.e., more premiums) to sustain in the long run; nonetheless, if the cash value is in a downward spiral towards lapse anyway, a withdrawal to repay the loan will help extend the life of the policy, given that the crediting rate of the cash value is always lower than the interest rate of the loan compounding against it (which for newer policies might be a 0.5 % to 1 % spread, but on older policies can be a 2 % spread or more).

Whole life insurance will accrue a cash value, pay dividends, and withdrawals and loans can be taken against it.

The policyholder gets the benefit to make withdrawals or take loan against the cash value of the plan.

With permanent life insurance, you may be able to take withdrawals or loans against your policy's cash value, which can continue to grow tax - deferred.

The cash value may be borrowed against, or a withdrawal may be taken from the policy.

For living benefits, there is a tax - deferred cash value growth of a permanent life insurance policy, while loans or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses.

The cash value is available to the policy owner by taking a loan against the cash value, making a partial withdrawal, or terminating the policy.