Universal life insurance is permanent life insurance — that is, 它会在你的一生中一直有效. But universal life insurance has an important difference from other types of permanent insurance: it provides a flexible premium.
这意味着 投保人决定投多少钱 超过设定的最小值. By extension, the policyholder also determines the face amount of the policy.
Universal life insurance policies accumulate cash value — cash value that grows tax deferred. Guarantees are based on the claims-paying ability of the issuing company.
Universal life insurance policies normally let policyholders borrow a portion of their policy’s cash value 在相当优惠的条件下. And interest payments on policy loans go directly back into the policy’s cash value.*
当投保人死亡时, his or her beneficiaries receive the benefit from the policy. Depending on how the policy is structured, benefits may or may not be taxable.
*Universal life insurance has certain features that make the policy suitable for some individuals. Whether universal life insurance is appropriate for you will depend on your goals, 需要, 和环境.
Accessing the cash value in your insurance policy through borrowing — or partial surrenders — has the potential to reduce the policy’s cash value and benefit. Accessing the cash value may also increase the chance that the policy will lapse and may result in a tax liability if the policy terminates before your death.
Universal life insurance can be structured so that the cash value that accumulates will eventually cover the premiums. 然而, additional out-of-pocket payments may be required if the policy’s dividend decreases or if investment returns underperform.
Several factors will affect the cost and availability of life insurance, 包括年龄, 健康, and the type and amount of insurance purchased. Life insurance policies have expenses, including mortality and other charges. 如果保单过早退保, the policyholder also may pay surrender charges and have income tax implications. You should consider determining whether you are insurable before implementing a strategy involving life insurance. Any guarantees associated with a policy are dependent on the ability of the issuing insurance company to continue making claim payments.
Withdrawals of earnings are fully taxable at ordinary income tax rates. If you are under age 59½ when you make the withdrawal, you may be subject to surrender charges and assessed a 10% federal income tax penalty. Also, withdrawals will reduce the benefits and value of the contract. 人寿推荐一个正规滚球网站没有FDIC的推荐一个正规滚球网站. It is not insured by any federal government agency or bank or savings association.
一般, loans taken from a policy will be free of current income taxes, 只要满足一定的条件, 如保单没有失效或成熟. Keep in mind that loans and withdrawals reduce the policy’s cash value and death benefit. Loans also increase the possibility that the policy may lapse. 如果保单失效, 成熟, 或者是投降了, the loan balance will be considered a distribution and will be taxable.
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. 请咨询法律或税务专业人士 for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. 所表达的意见及 material provided are for general information, and should not be considered a solicitation for the purchase or 出售任何证券. 版权所有2021 FMG套件.