Sentences with phrase «life policy owner because»

Han was most obviously a Term Life policy owner because it's clear that he was not good with money.

Not exact matches

Cash value life insurance is more applicable to wealth building discussions because cash value is typically used during the policy owner's lifetime and is forfeited upon death in lieu of the death benefit being paid to surviving beneficiaries.

However, many people choose to start whole life insurance programs at a very young age because cheap insurance is so plentiful and the policy owners can milk the cash value growth for a longer period of time.

Because a life insurance policy is personal property, a policy owner can transfer ownership to an investor.

Because Emancipet believes that veterinary care should be affordable and accessible to all pet owners, the organization advocates for public policy that improves the lives of pets in underserved communities.

The estate tax life insurance relationships is present because many policy owners do not want their families stuck with paying the estate tax which can be considerable.

Because life insurance policies are paid with after - tax dollars, the life insurance proceeds are not taxable when received by beneficiaries of business owners or employees.

This means that the life insurance policy purchased to fund the death portion of the buy - sell agreement can not be transferred to the disabled owner or dropped until the end of the installment period, because the death benefit will be needed to complete the transaction in the event of death during the buyout period.

Because it's a whole life plan, it doesn't expire as long as the policy's owner continues paying the premium.

This is because if the insured is also the policy owner, the value of the life insurance proceeds could then be included in the estate's value — and potentially be subject to additional estate taxation.

You see, term life insurance is called «term» because the policy (i.e. the contract between the owner and the insurer on the life of the insured) ends upon the specified timetable in the contract.

Return of premium life insurance is more expensive because the insurance company may have to pay the owner of the policy all the premiums back in full.

This landmark ruling paved the way for the birth of the life settlement industry in the United States because the Court upheld a policy owner's right to assign his / her life insurance policy.

Because of this, life insurance companies will only allow policy owners to take out life insurance policies on people in whom the policy owner has an insurable interest.

This is because a life settlement provider will pay the policy owner a percentage of the policy's death benefit which in most cases can be substantially more than the amount of the cash value that is in the plan's cash value component.

This type of dividend paying coverage is also referred to as participating whole life insurance because the policy owner is participating in the insurance company's profits.

However, many people choose to start whole life insurance programs at a very young age because cheap insurance is so plentiful and the policy owners can milk the cash value growth for a longer period of time.

Permanent cash - value life insurance offers a source of potentially income tax - free funds, because withdrawals generally come first from the policy owner's basis.

One of the great performers in the life insurance industry recently did that and because they were unable to fulfill their obligation to their policy owners ended up in the courts and lost.

However, because term life insurance doesn't have a cash value, that does mean you can't do some fun things that owners of permanent life insurance policies can do, like borrow against your life insurance policy.

The third reason I think Han Solo was a term life policy owner is because he was impatient.

Guaranteed renewability is an important policy feature for any prospective owner or insured to consider because it allows the insured to acquire life insurance even if they become un-insurable.

Term life insurance plans cover the policy owner for a set time period and do not build cash value because the entire premium paid goes toward the cost of the insurance.

Because most term life policies never pay a death benefit, the premiums are much cheaper than for whole life policies, which always pay unless the owner lets them lapse.