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:
“There are books so alive that you’re always afraid that while you weren’t reading, the book has gone and changed, has shifted like a river; while you went on living, it went on living too, and like a river moved on and moved away. No one has stepped twice into the same river. But did anyone ever step twice into the same book?”
—Marina Tsvetaeva (1892–1941)
“It is with benefits as with injuries in this respect, that we do not so much weigh the accidental good or evil they do us, as that which they were designed to do us.—That is, we consider no part of them so much as their intention.”
—Laurence Sterne (1713–1768)
“The clergyman is expected to be a kind of human Sunday. Things must not be done in him which are venial in the week-day classes. He is paid for this business of leading a stricter life than other people. It is his raison d’être.... This is why the clergyman is so often called a “vicar”Mhe being the person whose vicarious goodness is to stand for that of those entrusted to his charge.”
—Samuel Butler (1835–1902)
“For there can be no whiter whiteness than this one:
An insurance man’s shirt on its morning run.”
—Gwendolyn Brooks (b. 1917)