Living Benefits of Life Insurance
Many people use life insurance, and in particular cash value life insurance, as a source of benefits to the owner of the policy (as opposed to the death benefit which provides benefit to the beneficiary). These benefits include loans, withdrawals, collateral assignments, split dollar agreements, pension funding, and tax planning.
Read more about this topic: Universal Life Insurance
Famous quotes containing the words living, benefits, life and/or insurance:
“Your love by ours we measure
Till we have lost our treasure,
But dying is a pleasure,
When living is a pain.”
—John Dryden (1631–1700)
“In America the young are always ready to give to those who are older than themselves the full benefits of their inexperience.”
—Oscar Wilde (1854–1900)
“A written word is the choicest of relics. It is something at once more intimate with us and more universal than any other work of art. It is the work of art nearest to life itself. It may be translated into every language, and not only be read but actually breathed from all human lips;Mnot be represented on canvas or in marble only, but be carved out of the breath of life itself. The symbol of an ancient man’s thought becomes a modern man’s speech.”
—Henry David Thoreau (1817–1862)
“... business training in early life should not be regarded solely as insurance against destitution in the case of an emergency. For from business experience women can gain, too, knowledge of the world and of human beings, which should be of immeasurable value to their marriage careers. Self-discipline, co-operation, adaptability, efficiency, economic management,—if she learns these in her business life she is liable for many less heartbreaks and disappointments in her married life.”
—Hortense Odlum (1892–?)