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:
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—Lewis Mumford (1895–1990)
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—Benjamin Harrison (1833–1901)
“It is impossible, as impossible as to raise the dead, to restore anything that has ever been great or beautiful in architecture. That which I have ... insisted upon as the life of the whole, that spirit which is given only by the hand and eye of the workman, can never be recalled.”
—John Ruskin (1819–1900)
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—S.J. Perelman, U.S. screenwriter, Arthur Sheekman, Will Johnstone, and Norman Z. McLeod. Groucho Marx, Monkey Business, terms for a divorce settlement proposed while trying to woo Lucille Briggs (Thelma Todd)