Sentences with phrase «as death benefits paid»

The way it works is that, each year, the insurer deduct all expenses, such as death benefits paid and the costs of running the business, from the money they've made (premiums collected, investments, and any other sources of income) and pays out any net profit as a dividend.

The way it works is that, each year, the insurer deduct all expenses, such as death benefits paid and the costs of running the business, from the money they've made (premiums collected, investments, and any other sources of income) and pays out any net profit as a dividend.

Life insurance policies have a variety of tax benefits, such as the death benefit paid to beneficiaries being free of income tax.

Life insurance policies have a variety of tax benefits, such as the death benefit paid to beneficiaries being free of income tax.

Not exact matches

One advantage C corporations have over unincorporated businesses and S corporations is that they may deduct fringe benefits (such as group term life insurance, health and disability insurance, death benefits payments to $ 5,000, and employee medical expenses not paid by insurance) from their taxes as a business expense.

«The type of hidden fees annuity investors should pay attention to are separate account [investment funds] expense ratios; back - end sales charges; annual administration fees; mortality and expense costs; any rider fees, such as guaranteed income rider, death benefit riders [and] principal protection riders, to name a few,» says financial planner Joseph Carbone of Focus Planning Group.

Like all Googlers, our named executive officers are eligible to participate in various employee benefit plans, such as medical, dental, and vision care plans, flexible spending accounts for health and dependent care, life, accidental death and dismemberment, disability, and travel insurance, survivor income benefit, employee assistance programs (e.g., confidential counseling), and paid time off.

Buying paid - up additions is similar to buying a small single - premium life insurance policy as you increase the policy's cash value and death benefit but don't have ongoing payments.

However, the policy only pays a death benefit if you die due to a covered accident, such as a plane crash or sudden fall.

Permanent insurance, which includes whole life and universal insurance policies, is for life: It provides a death benefit for as long as you pay the premium, but also may include cash value that can be accessed during the insured person's lifetime.1

This provision states that no death benefit will be paid if you die as a result of your dangerous career or hobby (e.g., skydiving).

As long as you continue to pay the premium on time, your rate and death benefit are locked in and guaranteed to stay the samAs long as you continue to pay the premium on time, your rate and death benefit are locked in and guaranteed to stay the samas you continue to pay the premium on time, your rate and death benefit are locked in and guaranteed to stay the same.

Survivorship Builder is a single policy covering two lives that pays the death benefit upon the second insured's death — an option that might prove beneficial to some, such as, providing an income tax free death benefit, liquidity for estate taxes and wealth transfer and supplemental income needs.

Unless the value that you withdraw is paid back to the insurance carrier before your death, the balance of your loan will be deducted from the death benefit, and the carrier will need you to repay the interest on the loan as well.

The taxable amount would be the the death benefit minus the value of whatever was paid to you, as well as any amount paid in premiums since they acquired the policy.

As the names imply, decreasing term policies pay a lower death benefit over time, while level term policies maintain the same death benefit for the term of the coverage.

As a result of the shutdown, military death benefits will not be paid to soldier's spouses.

The tax treatment of both super and death benefits is also affected by whether the benefits are paid as a lump sum or income stream (regular payments).

If you do designate your child as your beneficiary, when the insurer pays out, the death benefit will go to a trust overseen by a court - appointed guardian, who will hold onto the money until the child reaches the «age of majority.»

Insurers want to pay out as quickly as they can, though, to avoid interest charges on unpaid death benefits.

Depending on how long it takes to go through this check, and insurer can pay out a death benefit within a few days, but it can take as long as 30 - 60 days depending on delays (more on that below).

If you die as the direct result of a vehicular, air, or sea accident that you did not deliberately cause, your insurer will pay your beneficiary the accidental death benefit, which is normally twice the value of your insurance policy's face value.

If you die due to an accident, such as a car crash or sudden fall, the insurer will pay an additional death benefit.

As an added benefit, the life insurance death benefit of the new hybrid policy would pay off her mortgage if she passed away, assuming she didn't use the policy for long - term care.

On the other hand, as long as premiums are paid, a permanent life insurance policy will always pay out a death benefit since it never expires.

If you have not reached preservation age but have permanently retired, a benefit can only be paid as a result of permanent incapacity, severe financial hardship, compassionate reasons or death.

The idea is that a person may need a higher death benefit earlier in life (as they're paying off their home, raising children, etc.) than they do as they get older.

Lump sum plus Monthly Income: Half of the death benefit will be paid out as lump sum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 years.

Buying paid - up additions is similar to buying a small single - premium life insurance policy as you increase the policy's cash value and death benefit but don't have ongoing payments.

Lump sum: The entire death benefit will be paid out as a lump sum amount to secure your family's financial future.

During this period, 100 % of premiums paid till the date of death (excluding any taxes) will be payable as Death Bendeath (excluding any taxes) will be payable as Death BenDeath Benefit.

Monthly Income: The death benefit will be paid out as a monthly income increasing annually by 10 % at simple rate for a period of 15 years.

Death Benefit — When the policyholder dies, 100 % of the sum assured is paid out to the nominees as a death benefit, irrespective of survival benefits already Death Benefit — When the policyholder dies, 100 % of the sum assured is paid out to the nominees as a death benefit, irrespective of survival benefits alreadBenefit — When the policyholder dies, 100 % of the sum assured is paid out to the nominees as a death benefit, irrespective of survival benefits already death benefit, irrespective of survival benefits alreadbenefit, irrespective of survival benefits already paid.

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beeBenefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beebenefit payout option chosen, subject to policy being in force and all due premiums have been paid.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

This Non guaranteed benefit (as percentage of Sum Assured on Maturity) is paid out as a cash bonus every year starting from the 6th Policy year, until maturity or death, whichever is earlier.

These can pay a benefit based on a percentage of death benefit (as you said, 2 % or 4 % and other options as well), and the benefit deducts right off the top of the policy.

Non-guaranteed benefit (as percentage of Sum Assured on Maturity) is paid out as a cash bonus every year starting from the end of the 6thPolicy year, until Maturity or death, whichever is earlier.

With a family income policy, rather than a lump sum of money, the death benefit is paid out in monthly increments as a portion of the total death benefit.

However, the death benefit payable shall never be lower than 105 % of all premiums paid (excluding any additional charges as levied by the Company over and above the standard premium rates).

Term life insurance covers you for a fixed number of years, such as 1, 5, 10, 20, or 30 and pays a death benefit if you pass away during the covered time period.

Death Benefit Payable: In the event of death, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the custDeath Benefit Payable: In the event of death, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the cuBenefit Payable: In the event of death, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the custdeath, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the custdeath benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the cubenefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the custdeath benefit option selected by the cubenefit option selected by the customer.

Take life insurance as an example: you pay for a policy, and if you die during the term then that money (the death benefit) goes to the person you named as your beneficiary on the policy.

As long as you pay the minimum required to maintain the death benefit, you can choose how much you add to the reserve funAs long as you pay the minimum required to maintain the death benefit, you can choose how much you add to the reserve funas you pay the minimum required to maintain the death benefit, you can choose how much you add to the reserve fund.

Whole Life Insurance guarantees a minimum death benefit (also known as the face amount), no matter how long you live, as long as premiums are paid.

However, the policy only pays a death benefit if you die due to a covered accident, such as a plane crash or sudden fall.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

If you are diagnosed terminally ill, you can access your death benefit to receive needed cash to pay for various necessities, such as home modifications, medical bills or whatever else you need or want the money for.

On the other hand, if you've just purchased a home with your spouse, you might consider a decreasing term policy (since your mortgage balance decreases over time as you pay it off) with a death benefit equal to the size of your outstanding loan.

Liberty Bankers can not be responsible for tax consequences caused by incorrect beneficiary designations: death benefits will be paid to the beneficiary on record as of the date of the annuitant's death.