Sentences with phrase «without being subject to any taxation»

One feature which especially favors investment bonds is the» 5 % cumulative allowance» — the ability to draw 5 % of the original investment amount each policy year without being subject to any taxation on the amount withdrawn.

Not exact matches

This is one of the few instances in which a person can pay the expenses of a non-dependent child without subjecting the transfer to Federal gift taxation.

Just like tax free exchanges of «like kind» real estate under section 1031 of the I.R.S. Code and other exchanges of life insurance under section 1035, annuities may also be exchanged without taxation subject to some very important rules.

As this cash grows, it is not subject to taxation, and you have the ability to access this cash without taxation if done by loan.

Once the policy's cost basis has been reached through withdrawals, policy loans may be access without income taxation subject to certain conditions.

It is not uncommon for life insurance policies in excess of $ 20,000,000 to be in trusts without being subjected to income, gift or estate taxation.