Minimum Deposit Whole Life Insurance


Definition of "Minimum deposit whole life insurance"

Jacques Handal
Jacques Handal Success Real Estate

Ordinary life insurance that generates a first year cash value from the payment of the first year premium. Using this cash value, loans could be made to finance premiums due in the future, with the interest deductible for tax purposes under specified IRS rules. However, the 1986 Tax Code revision appears to have canceled this arrangement.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Speculative Risk

Uncertain prospect of financial gain or loss. A business investment that could either return a profit or sustain a loss, such as the purchase of a com ...

Directors And Officers Liability Insurance

Coverage when a director or officer of a company commits a negligent act or omission, or misstatement or misleading statement, and a successful libel ...

Tail Coverage

Liability insurance that extends beyond the end of the policy period of a liability insurance policy written on a claims-made basis. Liability claims ...

Employment Practices Liability Coverage

Plan that provides protection in the event of legal actions resulting from charges of harassment, discrimination, wrongful termination of employment, ...

Convention Blank

Same as term Annual Statement: report that an insurance company must file annually with the State Insurance Commissioner in each state in which it doe ...

Divisible Surplus

Proportion of an insurance company's total surplus at the end of each year's operation that is distributed to policy owners of participating life insu ...

Popular Real Estate FAQ

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Down Payment: Everything You Wanted to Know Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate?

FAQ

What is a Multiple Listing Service (MLS)? What is an easement? What does the Real Estate Settlement Procedures Act (RESPA) require? What is an assessed value? What do I need to know about Motorcycle Insurance?