Sentences with phrase «benefit life contract»

If you have any questions specific to your Lincoln Benefit Life contract or policy, please select from the following options:

Not exact matches

Third - party contracting firm benefits aren't only less generous, but the exorbitant Silicon Valley housing prices and rents make life as a contractor so difficult workers from contract companies often can't afford to elect a benefits package, because doing so will take too much out of their paycheck.

It also contracts with other healthcare and commercial organizations to provide specialty services including behavioral health management, care management software, correctional healthcare services, dental benefits management, commercial programs, home - based primary care services, life and health management, vision benefits management, pharmacy benefits management, specialty pharmacy and telehealth services.

Owners of fixed indexed annuities (FIAs) with guaranteed living income benefit (GLIB) riders are much less likely to surrender their contracts than they were 10 years ago, according to new research based on 3.3 million policyholders.

Traditional VAs offer mutual fund subaccount allocations, living benefits and optional income riders with contract fees typically deducted from the fund performance.

As an employer, the Civilian Board of Contract Appeals offers eligible employees an excellent compensation and benefits package that includes federal insurance plans, life insurance coverage, leave policies, thrift - savings plans, transit and child - care subsidies, training and development, and work flexibility.

«For instance, if a client doesn't expect to have great longevity, the person probably won't purchase a contract with a living benefit,» he told AnnuityNews.

However, if a carrier does decide to, say, raise living benefit rates due to greater longevity on contracts having the features elected, the advisors will see the change and will need to decide the best course to follow going forward.

Variable annuity contracts that contain a living benefit guarantee have lower mortality compared to standard morality tables, the study found.

Allianz Life paid out more than $ 2.7 billion in benefits to its policyholders and contract owners via life insurance and annuity payments, up 4 percent from the prior yLife paid out more than $ 2.7 billion in benefits to its policyholders and contract owners via life insurance and annuity payments, up 4 percent from the prior ylife insurance and annuity payments, up 4 percent from the prior year.

Under the economic benefit regime, the owner of the life insurance contract is treated as transferring economic benefits to the non-owner.

Group life insurance is yet another form of employee benefit contract.

«Though we already pay # 11 billion a year to subsidise a low - wage economy because employers are not paying people enough to live on, volunteers up and down the country are providing a further # 30 million a year in «free» labour to ensure that our fellow citizens in low paid work, on zero hour contracts, or relying on a broken benefits system have enough to eat.

One such opponent of the Related Companies» project is Bronx Borough President Ruben Diaz, who has repeatedly said that a comprehensive community benefits contract — including a pledge to provide a living wage for workers — is integral to garnering his support.

But, in contrast to the short - term contracts they had in academia and the professional instability that is inherent to freelance life, the cooperative gives researchers a permanent employment contract, which gives them continuous access to social security benefits and makes it much easier for them to get home mortgages from banks, among other advantages.

As a Physical Education teacher by choice I also have certification in Biology and General science two high needs areas I have reservations about individual contract negotiations and Tiered salary from the outside it would benefit core subject teachers Math, Science, Special ed with increased salary opportunities but mostly as any Corporate structure would do is pare back on other subject area salaries the non core subjects this could create a situation inwhich some teachers would carry more burden than others and whether we like it or not the most memorable classes for many students are art, gym, music and home economics because of their practical applications in life.

The death benefit amount remains level throughout the life of the contract.

All contract guarantees, including optional living and death benefit riders and annuity payout rates, are backed by the claims - paying ability and financial strength of issuing insurance company.

Please refer to the contract prospectus for more complete details regarding the living and death benefits.

In real life, the actual delivery rate of the underlying goods specified in futures contracts is very low as the hedging or speculating benefits of the contracts can be had largely without actually holding the contract until expiry and delivering the good.

My recommendation was to dollar cost average $ 94,839 annually out of his investment portfolio that was earning 1 percent in short - term treasuries, 5 percent in bonds, and -20 percent to +20 percent in the stock market into a life insurance contract to control a potential $ 4 million life insurance benefit.

This benefit is similar to what is allowed for the cash value growth of a life insurance contract.

Whereas, a life insurance contract is an asset that is designed (at least traditionally) to provide a death benefit to one's estate, an annuity is centered around converting a lump sum payment (or series of payments) into a stream of income for a fixed period (usually for life).

But large banks, corporations and wealthy individuals use properly structured life insurance contracts to obtain tax benefits, increase yields on cash, reduce borrowing costs and create positive arbitrage on equity loans.

In a nutshell, if your life insurance contract becomes a MEC, you'll lose all the life insurance policy tax benefits that are otherwise available prior to payment the death benefit.

Though available to all contract owners, the Global Atlantic Portfolios are also ten of eleven managed risk investment options qualifying as choices for optional living and death benefits, when applicable.

Limited pay life insurance is a life insurance contract between you (the owner / insured) and the carrier (the insurer), for the benefit of the beneficiary, that requires you to pay into the policy for a set period of time.

Generally, if you receive the proceeds under a life insurance contract as a beneficiary due to the death of the insured person, the benefits are not includable in gross income and do not have to be reported; any interest you receive is taxable and you should report it just like any other interest received.

In contrast to term insurance, a whole life insurance policy pays the death benefit stipulated in the contract upon the death of the insured, regardless of when it may occur.

It is important to note that the charges for this optional benefit are charged for the life of the contract.

Not only does the single premium option eliminate one of the core benefits of a universal life insurance policy — flexible payments — but you need to confirm if this policy will be a modified endowment contract.

So, if your company is the beneficiary, which is kind of the point of key person insurance, then the premiums are not deductible (similar to a personal life insurance contract) because the death benefit is not subject to taxation.

Term life insurance is defined as a contract between the owner of the policy and the insurer, for a policy on the life of the insured, whereupon the insured's death, the insurer pays a lump sum death benefit to the beneficiary.

In addition, dividends are typically paid on whole life contracts and can be used to either increase the death benefit or reduce the premiums.

So, even if in his will, your father stated that he wanted you and your siblings to receive life insurance death benefits, but the actual life insurance contract names your aunt as the sole beneficiary, the life insurance contact supersedes what he says in the will.

Owners of fixed indexed annuities (FIAs) with guaranteed living income benefit (GLIB) riders are much less likely to surrender their contracts than they were 10 years ago, according to new research based on 3.3 million policyholders.

The person or entity that you name as beneficiary on your life insurance policy contract will receive the death benefit proceeds when you die.

The premiums you pay are fixed throughout the life of the contract, while the performance of your chosen subaccounts determines the growth of your account value, and can also determine the value of your death benefit.

The inner - workings of cash value life insurance consists of a life insurance policy, which is a contract between the policy owner, the insured (often the same person), and the insurer, where the insurer agrees to pay a death benefit to the policy's beneficiary, based on the owner continuing to make the policy's premium payments.

† Lifetime income of the optional lifetime benefits becomes effective at issue if the owner / designated life is age 59 1/2 at issue, or upon the contract anniversary following owner / designated life's 59 1/2 birthday, provided the contract value is greater than zero and has not been annuitized.

Variable annuity contracts offer tax - deferred growth potential and optional features such as living and death benefits.

Just like we saw with whole life insurance, the death benefit works in exactly the same way in that it will be paid to the beneficiary as long as the insured passes away within the dates of the policy, i.e. the contract.

At the same time, an immediate death benefit is created by the life insurance contract.

This caused several variable annuity contracts to have a significantly higher death benefit (high water mark) than living benefit (walk away value) for the owner.

In reality, what started as an annuity account quickly turned into a life insurance contract due to a substantially higher death benefit.

Benefit: For life insurance, it is the amount of money specified in a life insurance contract to be paid to the beneficiary upon the death of the insured.

The main benefits of using option B are that this option enables cash value to grow more rapidly over the contract's life and that the IRS allows higher levels of excess premium contributions under option B.

The guidelines were established to set limits on the amount of excess premiums a policyholder could contribute to a policy for benefiting from the tax - advantaged status of proceeds from life insurance and avoid a modified endowment contract (MEC).

A life insurance policy is simply a contract between a life insurance provider and an individual to provide a lump - sum payment, called a death benefit, in exchange for making premium payments to the provider.

* Income for life can be achieved through annuitization at no additional cost, on products where offered, through a guaranteed living benefit rider, available at contract issue for an annual fee.