TERMIUM Plus^®

Fiche 1,  Justifications,  Anglais

Record number: 1, Textual support number: 1 DEF

a technique of borrowing against nonforfeiture (cash, loan or surrender) values in order to minimize the cash outlay for premium payments.  1, fiche 1, Anglais, - financed%20insurance

Record number: 1, Textual support number: 1 OBS

Created primarily for high tax level insurance buyers, the plan is designed to take advantage of the tax deductibility of the interest paid on the loan. The borrowed money may have come directly from the insuring company or from a lending institution (such as a bank) with the cash value acting as collateral.  1, fiche 1, Anglais, - financed%20insurance

Fiche 1,  Justifications,  Français

Fiche 1,  Justifications,  Espagnol