Sentences with phrase «as death insurance»

That is why it is also known as death insurance.

Let's put aside the event of death which works exactly as a death insurance.

Not exact matches

«Instead of pecking themselves to death trying to figure out how to comply with all the state and federal regulations,» says Breslin, «we help our clients get ahead of the legal issues — such as vacation time, workers compensation and insurance, and they can focus on what they do best.»

As the name implies, term life insurance will provide a death benefit if an individual dies within the policy's term, up to 20 years typically.

«I think it is material as that death has changed both the public's and the insurance industry's perception of self - driving cars,» wrote Coffee in an email to Fortune.

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.

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.

The death benefit and payment plan of any standard whole life insurance policy are set as part of the policy and do not change.

While Old Age Security and the Guaranteed Income Supplement were designed to provide a basic minimum amount to Canadian seniors, the new Canada and Quebec Pension Plans were contributory social insurance programs established to provide basic death, survivor and disability benefits as well as retirement coverage.

This has the impact of providing you cash as well as reducing the life insurance policy's death benefit.

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.

Term life insurance policies are quite cheap and can come with a variety of riders offering such assistance as disability income, waiver of premiums, and an accelerated death benefit in the case you become permanently disabled.

Without some kind of mandate replacement, as Vox's Sarah Kliff wrote, the insurance markets under the Republican plan could go into a death spiral.

This is why we would typically recommend accidental death and dismemberment insurance as a supplement or rider to traditional life insurance, but not as a standalone policy.

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

He and congressional Republicans have repeatedly portrayed the Affordable Care Act insurance marketplaces, also known as exchanges, as being in a «death spiral.»

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

Unlike life insurance, annuity death benefits are taxed as ordinary income on any gains above the original investment amount.

No medical exam whole life insurance is typically used as a form of final expense insurance, as coverage is lifelong and death benefits are generally limited to a maximum of $ 25,000 or $ 50,000.

Therefore it's typically intended as final expense insurance, offering a large enough death benefit to cover a funeral and other costs associated with your passing.

It may be used as a funding mechanism for your buy - sell agreement and as business interruption insurance to pay the business for interruptions caused by the death of key employees.

And life insurance policies with limited underwriting, such as simplified issue or guaranteed acceptance policies, regularly restrict death benefits to be less than $ 100,000 to $ 250,000.

However, permanent life insurance solutions that focus on providing lifetime guaranteed death benefits, such as these, are typically less expensive than other types of permanent life insurance that emphasize savings opportunities.

If you need a large amount of coverage, simplified issue life insurance isn't ideal for you because most life insurance companies cap the death benefit at $ 100,000 (some companies offer as high as $ 500,000.)

(2) And as part of your contract with an insurance company, you can also receive income guarantees and death benefits.

Universal life insurance is a flexible type of permanent life insurance policy in which the death benefit and premiums can be adjusted as your circumstances change.

Whole life insurance policies are generally more expensive than alternatives, such as term life insurance, and the death benefit directly impacts that cost, so it's important to evaluate your family's needs before deciding to purchase.

If you already own life insurance, you can add the charitable organization as another beneficiary and specify how you want the death benefit distributed.

While an ILIT is an effective way to make sure that your life insurance death benefit is not taxable as part of your estate, there are a couple situations in which you may face a tax event:

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.

It is uncertain how long Social Security will remain solvent, so it is prudent to err on the side of caution and focus on personal savings and investments as well as insurance for retirement, disability and premature death.

Potential buyers need to perceive the value of permanent life insurance as providing more than just a death benefit, he added.

For example, an outstanding mortgage should usually be accounted for in your life insurance death benefit, as you don't want your family to have to move following your death.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

As a general rule, death benefits from a life insurance policy are exempt from income tax.

Among them are the rights to: bullet joint parenting; bullet joint adoption; bullet joint foster care, custody, and visitation (including non-biological parents); bullet status as next - of - kin for hospital visits and medical decisions where one partner is too ill to be competent; bullet joint insurance policies for home, auto and health; bullet dissolution and divorce protections such as community property and child support; bullet immigration and residency for partners from other countries; bullet inheritance automatically in the absence of a will; bullet joint leases with automatic renewal rights in the event one partner dies or leaves the house or apartment; bullet inheritance of jointly - owned real and personal property through the right of survivorship (which avoids the time and expense and taxes in probate); bullet benefits such as annuities, pension plans, Social Security, and Medicare; bullet spousal exemptions to property tax increases upon the death of one partner who is a co-owner of the home; bullet veterans» discounts on medical care, education, and home loans; joint filing of tax returns; bullet joint filing of customs claims when traveling; bullet wrongful death benefits for a surviving partner and children; bullet bereavement or sick leave to care for a partner or child; bullet decision - making power with respect to whether a deceased partner will be cremated or not and where to bury him or her; bullet crime victims» recovery benefits; bullet loss of consortium tort benefits; bullet domestic violence protection orders; bullet judicial protections and evidentiary immunity; bullet and more...

For instance, one may plan sympathetically for the welfare of others long after his death through such actions as making a will or buying life insurance, and he may enjoy these actions; but he does them not just for his own enjoyment but also for the future recipients of the blessings of his benevolence.11 However, Hartshorne maintains that such universally common altruistic actions can only be fully comprehended rationally by appeal to God as superhuman mind who ultimately unites all persons and entities in his infinite awareness and memory.

Even though alcoholism ranks as one of the country's three major health problems, along with cancer and heart disease; even though it accounts for approximately 98,000 deaths every year; even though it is the root cause of most pastoral - care crises (suicides, auto fatalities, child abuse, divorces, hospital admissions, accidental deaths and home violence); even though it costs the nation $ 120 billion annually in terms of lost work time, health and welfare benefits, property damage, medical expenses, insurance and lost wages; and even though its effects impair the educational process of every child in every classroom, still the church acts as though alcoholism does not exist.

By hastily rubber - stamping this deeply problematic proposal, the Committee has taken a step toward a future in which the lives of terminally - ill persons are treated as expendable, and in which insurance companies will be at liberty to make cost - saving coverage decisions that steer vulnerable individuals toward physician - assisted death.

This pattern, known as a «death spiral,» all but killed New York's direct - pay insurance market before the Affordable Care Act revived it in 2014.

According to a release from the NIC, the compulsory insurance will cover fire and allied perils like flood, earthquake, the collapse of buildings, storm and as well, legal liabilities of an owner or occupier of premises in respect of loss of or damage to property, bodily injury or death suffered by all users of the premises and third parties.

His plan, he explained, is to hold pharmaceutical companies accountable, remove insurance barriers to addiction treatment and recovery services and put forth legislation that would designate 11 variations of fentanyl — a potent opioid that has surpassed heroin as the main culprit in opioid overdose deaths in Suffolk County — as Schedule I controlled substances under the state's Public Health Law.

At present, life insurance is calculated on a «pool» basis: as no one knows who is most at risk of early death, individuals pay for each other's risks.

Actually, the plot is a lot more convoluted than that; it involves a trio of corrupt detectives (Bill Paxton, Shea Whigham, Mike Epps), Nick's ex-wife's alcoholism, a life insurance policy that names Cate as the sole beneficiary, a drug kingpin (Jordi Mollà) out to avenge the death of his son, and plenty of clunky voice - over.

So, as you do in a comic novel, Charles fakes his own death to collect the insurance money.

And, more recently, seeing the UK system up very close and personal during the illness and death of both my parents, I'd say that a socialized system allows everyone in the medical system, including the doctors, to see their patients as people first much more easily than medical professionals in the US, because they do not have to worry about a person's ability to pay, or for that matter have to spend their days embroiled in payment issues with insurance companies.

In a nutshell, while most whole life insurance is fixated on maximizing the death benefit of a policy and just allowing cash values to grow over time, strategic self banking focuses on maximizing life insurance cash values, so the whole life insurance plan can be used strategically as a savings and personal financing vehicle for the purpose of recapturing your cost of capital incurred when having to deal with third party lenders or using your own cash.

A contingent beneficiary is entitled to insurance proceeds or retirement assets only if predetermined conditions are met at the time of the insured's death (as can be found in a will).

Life insurance quotes vary from one company to another, along with the term and death benefits you specify, as well as your age and your health status.

Unlike life insurance, annuity death benefits are taxed as ordinary income on any gains above the original investment amount.