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 theoretical reformers at all times, and all the world over, living on anticipation.”
—Henry David Thoreau (1817–1862)
“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 band waked me with a serenade. How they improve! A fine band and what a life in a regiment! Their music is better than food and clothing to give spirit to the men.”
—Rutherford Birchard Hayes (1822–1893)
“Before I get through with you, you will have a clear case for divorce and so will my wife. Now, the first thing to do is arrange for a settlement. You take the children, your husband takes the house, Junior burns down the house, you take the insurance and I take you!”
—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)