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Can a loan be taken on a life ins policy that is linked to an annuity?
Wiki User
∙ 11y ago
Yes, most life insurance policies that accumulate cash value give you the option to take loans, not to exceed the cash value amount. It does not matter if the life insurance premiums are paid from an annuity.
Wiki User
∙ 11y ago
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Is a flexible premium multifunded life insurance an annuity?
Its a Universal life insurance Policy.
Define present value of an Annuity?
Your annuity typically has at least two values, Contract Value and Surrender Value. Contract Value: The value of your annuity as it sits today with the life company. Surrender Value: The value of your annuity if you were to surrender the policy and walk away with all your money.
What is the settlement option of a life policy that provides periodic payments of a specified amount as long as the proceeds plus interest last?
annuity
Can life insurance cash value be converted into an annuity?
The cash value can be borrowed from the insurance policy and an annuity purchased with it. Depending upon the insurer, you may be able to have the two transactions done with the same company (assuming you wish to buy an annuity product from that company). Keep in mind, however, that the cash value withdrawal is a loan that accrues interest according to the terms of the policy. Therefore, in order to make the transaction worthwhile, the annuity must throw off sufficient income to make up for the reduction of value of the insurance policy due to accruing interest on the policy loan.
Is there a difference between a life annuity and an insurance annuity?
There isn't a real difference between life annuity and an insurance annuity. Both are a form of life insurance and deal with the same issues. I would go with either one.
Is a flexible premium multifunded life insurance an annuity?
Its a Universal life insurance Policy.
What is the definition of "axa variable annuity"?
The definition of AXA Variable Annuity is a life insurance policy that give the option of market appreciation. It gives you a variety of investment options with your policy.
Define present value of an Annuity?
Your annuity typically has at least two values, Contract Value and Surrender Value. Contract Value: The value of your annuity as it sits today with the life company. Surrender Value: The value of your annuity if you were to surrender the policy and walk away with all your money.
Is the variable annuity life insurance any good?
Variable annuity is good for a person looking for long term invesment options if they are wanting to retire in the future. It is a great option for that, but it may not be the best option for a life insurance policy. However, there are some reliable variable annuity life insurance companies like Valic.
how much tax will I pay from an insurance policy and annuity from a diseased parent?
Life insurance proceeds are usually tax-free.
What is the settlement option of a life policy that provides periodic payments of a specified amount as long as the proceeds plus interest last?
annuity
Is the settlement option of a life policy that provides periodic payments of a specified amount as long as the proceeds plus interest last?
annuity
Who bought southern life insurance company of greensboro nc and how to i get information on a policy?
Southern Life Insurance became London Pacific Life and Annuity in 1989. It later became Philadelphia American Life. For information on a policy you can visit the company's website at www.philadelphiaamerican.com.
Can life insurance cash value be converted into an annuity?
The cash value can be borrowed from the insurance policy and an annuity purchased with it. Depending upon the insurer, you may be able to have the two transactions done with the same company (assuming you wish to buy an annuity product from that company). Keep in mind, however, that the cash value withdrawal is a loan that accrues interest according to the terms of the policy. Therefore, in order to make the transaction worthwhile, the annuity must throw off sufficient income to make up for the reduction of value of the insurance policy due to accruing interest on the policy loan.
Is there a difference between a life annuity and an insurance annuity?
There isn't a real difference between life annuity and an insurance annuity. Both are a form of life insurance and deal with the same issues. I would go with either one.
How to find out if a life insurance policy was taken out and then cashed in upon their death?
How do I find out if my deseased father has a life insurance policy
What is a period certain annuity and a life annuity?
A period certain annuity guarantees payments for a specific period, such as 10 or 20 years, regardless of the annuitant's lifespan. A life annuity provides payments for the lifetime of the annuitant, ensuring income for as long as they live but ceasing upon their death.
