Sentences with phrase «death benefit payments for»

Death benefit payments for your beneficiaries may be dramatically reduced because of your age.

Life insurance with living benefits have coverage for Critical and Chronic illnesses and also an advanced death benefit payment for people that were given the bad news that they were going to pass on within the next six months.

Not exact matches

1 Accessing cash values, through loans and partial surrenders or by accelerating benefits for long term care benefit payments, will reduce the death benefit payable, the cash surrender value and the long term care coverage available.

Investors should only buy an annuity contract for the annuity's additional features, such as lifetime income payments and / or death benefit protection.

CPP Death Benefit The Canada Pension Plan death benefit is a one - time, lump - sum payment to your estate that can help to pay for funeral cDeath Benefit The Canada Pension Plan death benefit is a one - time, lump - sum payment to your estate that can help to pay for funeralBenefit The Canada Pension Plan death benefit is a one - time, lump - sum payment to your estate that can help to pay for funeral cdeath benefit is a one - time, lump - sum payment to your estate that can help to pay for funeralbenefit is a one - time, lump - sum payment to your estate that can help to pay for funeral costs.

For some people, an annuity is a good option because it can provide regular payments, tax benefits and a potential death benefit.

If the beneficiary is a minor, another option is an «interest income» payout, which makes guaranteed payments toward the interest on the death benefit for a specified time — for example, until the minor comes of age — at which point the benefit amount becomes available to that beneficiary.

If the delay is over a year after the death, the surviving spouse may lose benefits, because CPP only makes back payments for a year.

Payment for the face value of the insurance policy or death benefits, which your beneficiary or beneficiaries will receive after you pass away

The company also offers an enhanced package called their Personal Auto Enhancements Endorsements, which adds among other features accidental death payments, and increased benefit limits for medical payments or accidents / trip interruptions incurred while away on vacation.

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).

Borrower benefits: RISLA offers its borrowers options like loan forgiveness in the case of death or permanent disability, forbearance for up to 12 months for borrowers who go back to school, and co-signer release after 24 months of on - time payments

You pay a premium (payment) in return for a death benefit (the lump sum that will be paid to your survivors if you die while the policy is in force).

Different rules exist for who is a dependant when making a super death benefit payment (superannuation law) and the resulting tax treatment (taxation law).

The death benefit paid in level term policies does not change and is only beneficial to borrowers making interest - only payments toward the home they have a mortgage for.

Death Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments receDeath Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments reBenefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments rebenefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath, amounting to the difference between the initial premium paid and the cumulative income payments received.

When a loved one passes away, the insured's life insurance policy can provide a death benefit that helps family members to pay for medical payments, end - of - life expenses and funeral costs.

(o) If there is no person who would be entitled, upon application therefor, to an annuity under section 2 of the Railroad Retirement Act of 1974 [98], or to a lump - sum payment under section 6 (b) of such Act, with respect to the death of an employee (as defined in such Act), then, notwithstanding section 210 (a)(9)[99] of this Act, compensation (as defined in such Railroad Retirement Act, but excluding compensation attributable as having been paid during any month on account of military service creditable under section 3 of such Act if wages are deemed to have been paid to such employee during such month under subsection (a) or (e) of section 217 of this Act) of such employee shall constitute remuneration for employment for purposes of determining (A) entitlement to and the amount of any lump — sum death payment under this title on the basis of such employee's wages and self — employment income and (B) entitlement to and the amount of any monthly benefit under this title, for the month in which such employee died or for any month thereafter, on the basis of such wages and self — employment income.

In exchange for premium payments, a life insurance policy provides a tax - advantaged lump - sum payment, known as a death benefit, to the beneficiaries when the insured passes away.

In case of the death of the Life Insured during the grace period allowed for payment of due premium, the Death Benefit less the outstanding charges shall be paydeath of the Life Insured during the grace period allowed for payment of due premium, the Death Benefit less the outstanding charges shall be payDeath Benefit less the outstanding charges shall be payable.

For DIAs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments received.

The benefit being that you pay into the policy for 10 years and no longer need to make premium payments, but your policy cash value and death benefit continue to grow.

It provides for the payment of a portion of the death benefit prior to the insured's death should the insured be diagnosed as terminally ill.

If the proposed insured or family can make / afford a single premium payment (single lifetime payment for the policy) they can have an immediate death benefit payable in month 7 of the policy!

It's important to note that the insurance company will place restrictions regarding the health conditions that qualify for payment under an accelerated death benefit.

Living Benefit: A benefit that provides for the payment of a portion of the death benefit prior to an insured's death should the insured be diagnosed as terminalBenefit: A benefit that provides for the payment of a portion of the death benefit prior to an insured's death should the insured be diagnosed as terminalbenefit that provides for the payment of a portion of the death benefit prior to an insured's death should the insured be diagnosed as terminalbenefit prior to an insured's death should the insured be diagnosed as terminally ill.

However, it contains a Graded Death Benefit for the first two years — this means that if death occurs within the first two years of policy ownership, your beneficiaries will receive your accumulated premium payments and 10 % interest instead of the face amount of your poDeath Benefit for the first two years — this means that if death occurs within the first two years of policy ownership, your beneficiaries will receive your accumulated premium payments and 10 % interest instead of the face amount of your podeath occurs within the first two years of policy ownership, your beneficiaries will receive your accumulated premium payments and 10 % interest instead of the face amount of your policy.

One thing that seniors might consider is a single premium option which is a lump sum payment into a policy in return for a certain amount of death benefit.

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.

An MVA will not apply if a payment option is elected that provides annuity payments for five years or longer, to pay a Death Benefit, or if the Confinement / Terminal Illness Waiver of Surrender Charge requirements are met.

Previously, the anti-detriment provision enables a super fund to claim a deduction in their tax return for a top - up payment made as part of a death benefit payment where the beneficiary is the dependant of the person.

For SPIAs with death benefit riders, a benefit would be due to a beneficiary if the cumulative income payments made are less than the initial premium paid.

In return for a premium payment, an insurance company will pay out a stated amount of tax - free death benefit to a named beneficiary — assuming, of course, the policy is in - force when the insured passes away.

When you hear about «guaranteed death benefits» (a benefit for beneficiaries should the annuitant die before payments begin) and «income guarantees» or «guaranteed withdrawal benefits,» remember to read the fine print to see how they actually work.

Term life insurance is considered to be the most basic form of coverage, providing a certain amount of death benefit in exchange for a premium payment.

Other benefits include accidental death, which provides benefits when death occurs as a result of an accident, family plan for insured spouse and children, disability waiver of premium, which waives the premium payments if the insured becomes disabled for more than 6 months and mortgage payment disability benefit which offers money to continue making payments if the insured individuals becomes disabled for 60 days or longer.

Life insurance goes into effect as soon as you make your first premium payment, meaning you're eligible for the death benefit as soon as the policy is in force.

If you are looking for a very safe and stable product, whole life and universal life offer guaranteed minimum returns on investment, while a universal policy lets you alter your death benefits and premium payments if you need more flexibility.

While you are allowed to deduct union dues and initiation fees paid to the union, you are not permitted to deduct payments or contributions used to pay for sick, accident or death benefits.

Guaranteed universal life insurance is an attractive option for many that bridges that gap of financial insecurity, allowing policy holders to lock in a guaranteed death benefit and premium payments while providing flexibility and stability for households.

Premium payments are also fixed for the term of the policy, but because a death benefit payout is expected more often than not, premium rates are often higher than with term life insurance.

If no estate exists or if the executor has not applied for the death benefit, payment may be made to other persons who apply for the benefit in the following order of priority:

The death benefit can be paid out as a lump sum, a monthly payment, or an annuity, although most people ask the insurance company for the lump sum.

Do not include: — Old Age Security Pension (Canadian), Guaranteed Income Supplement, Allowance or Allowance for the Survivor — War Veterans Allowance or Veterans Disability or Dependents Pension Program — Death Benefits from Canada Pension Plan or Quebec Pension Plan — Canada Child Tax Benefit payments — Assistance payments from a municipal, provincial or Canadian federal government — Support or gifts from relatives, registered charities or other organizations — Municipal tax rebates — Lottery winnings — Inheritances — GST credits or other such payments issued by the Canada Revenue Agency (CRA)-- Universal Child Care Benefit — Registered Disability Savings Plan payments

is a request for payment by the beneficiary for the amount promised as death benefit upon the insured

For example, payment amounts typically are reduced if an annuity has a survivor feature that provides benefits to a beneficiary upon the participant's death.

The policy will then remain in force, and the buyer will make the payments for you and receive the death benefits when you pass away.

The selling policyowner receives an upfront cash payment in exchange for transferring ownership of the life insurance policy — typically more than any existing cash value but less than the policy's full death benefit — and the investor as the new owner then continues to make the ongoing / annual premium payments.

If there are no dependent children, or none that are eligible for this benefit at the time of death, the beneficiary will receive a lump sum payment of $ 2,500.

A greater life expectancy adds additional premium payments, and also reduces the NPV of the death benefit (because it's discounted over a larger number of years waiting for the payout to occur).