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 life insurance, living, benefits, life and/or insurance:
“I needed a drink, I needed a lot of life insurance, I needed a vacation, I needed a home in the country. What I had was a coat, a hat and a gun.”
—Raymond Chandler (1888–1959)
“If you live near the mountains, live off the hills, and if you live near the water, make your living there.”
—Chinese proverb.
“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)
“when this life is from the body fled,
To see it selfe in that eternall Glasse,
Where time doth end, and thoughts accuse the dead,
Where all to come, is one with all that was;
Then living men aske how he left his breath,
That while he lived never thought of death.”
—Fulke Greville (1554–1628)
“Women hock their jewels and their husbands’ insurance policies to acquire an unaccustomed shade in hair or crêpe de chine. Why then is it that when anyone commits anything novel in the arts he should be always greeted by this same peevish howl of pain and surprise? One is led to suspect that the interest people show in these much talked of commodities, painting, music, and writing, cannot be very deep or very genuine when they so wince under an unexpected impact.”
—John Dos Passos (1896–1970)