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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About the winds of the world, and fades from brains
Of living men, and dies.”
—Rupert Brooke (1887–1915)
“While greedy good-doers, beneficent beasts of prey,
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—Robert Frost (1874–1963)
“Is life worth living? This is a question for an embryo, not for a man.”
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“For there can be no whiter whiteness than this one:
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—Gwendolyn Brooks (b. 1917)