Sentences with phrase «as owner of the policy»

As the owner of the policy, you have a contractual right to borrow from the carrier, with your cash value acting as collateral.

For instance, if a husband is the owner of a policy and his wife is the insured, with their son the beneficiary, the IRS may consider this an attempt to circumvent the gift tax and declare that the insurance death benefit proceeds are subject to taxes, with those taxes charged to the husband as the owner of the policy.

As the owner of the policy, you can also choose to pay the death benefit in installment payments to spread it out over a number of years.

That is, you will no longer be considered as the owner of the policy thereby making IRS not to consider the insured amount as part of your estate.

Normally, the employee is the owner of the policy and has all the policy's rights typically inherent as the owner of a policy.

As the owner of the policy you have complete control over the policy regardless of the insured.

As owner of the policy, you have complete control.

In such a policy, as long as the owner of the policy continues to pay the premiums, the insuring company will pay the death benefit.

By naming the beneficiary as the owner of the policy they are able to receive the death benefit tax free.

In the event that the policy is being purchased solely for the benefit of an ex-spouse and the children, the ex-spouse purchasing the policy can name the custodial parent as the owner of the policy.

You can receive a death benefit as a beneficiary or the cash value as the owner of the policy.

As the owner of the policy you have complete control over the policy regardless of the insured.

It's easy to think of the beneficiary as the owner of a policy, because they're technically the person who benefits from it — i.e. they're getting the payout (or death benefit) in the event of your untimely death.

As the owner of the policy, you have a contractual right to borrow from the carrier, with your cash value acting as collateral.

If your trust is listed as the owner of your policy when you purchase it, your policy will not be considered an asset by the IRS.

Normally, the employee is the owner of the policy and has all the policy's rights typically inherent as the owner of a policy.

By listing the trust as the owner of your policy, the death benefit becomes separate from your estate.

Not exact matches

Immigration policy, from potential burdens of reporting and verification to visa needs for highly skilled positions, are also critical to small business owners, as is Dodd - Frank's impact on lending to small business.

This might encourage you, as a small business owner, to experiment with some of these more generous PTO policies.

Smart business owners know that a strong credit policy can save them a lot of money, especially as uncertainty in the economy increases.

There are two ways to gift life insurance: You may name the Fraser Institute Foundation as either the owner, or as the beneficiary, of a policy.

An individual condo unit owner's insurance policy, an HO6 policy, is often referred to as «walls - in» insurance, as it covers the interior structure of the unit as well as your personal property.

Because the insurance industry doesn't recognize software as a product, the product liability that is included with many general liability or business owner's policies won't provide any protection for the types of products and services many of today's technology companies provide.

However, this means that if something happens down the line that causes the owner of a policy to not want their initial beneficiary to receive their death benefit (such as divorce), it'll still go to the beneficiary they chose during their application.

In the collateral assignment form, the employee is formally designated as the owner of the contract, and the employer's premium advances are secured by a collateral assignment of the policy.

As consultant to the new Song Kitchen restaurant in Sydney, leading sommelier Sophie Otton has instigated a policy of having 50 per cent of the wines on the list supplied by female producers — which fits with the venue's owner, the YWCA, which donates all profits from the business to programs against domestic violence.

That is not the same as whether policy should strongly encourage and incentivise a range of different approaches, and how, or whether owner occupation should be particularly incentivised for specific social ends.

The activist wing of the WFP had raised concerns over Cuomo's fiscal policies, including his support for tax cuts aimed at businesses and property owners, as well as his embrace of charter schools.

Government, as the owner of these assets, should work with PURC to develop a clear policy on how to manage these national assets and the return they generate.

Bodega Ghost - town: Hundreds of Deli Owners Protest Trump's Immigration Policy by David Greene Bodegas and delis around the city shut for eight - hours, as a silent protest to President Donald Trump's «temporary» immigration ban that has so far detained or -LSB-...]

Bodega Ghost - town: Hundreds of Deli Owners Protest Trump's Immigration Policy by David Greene Bodegas and delis around the city shut for eight - hours, as a silent protest to President Donald Trump's «temporary» immigration ban that has so far detained or prevented -LSB-...]

«Treating taxis — who have paid into the system and should be exempted from additional charges — the same way as those responsible for the problem makes no public policy sense because it won't reduce congestion,» said Nino Hervias, a spokesman for the Taxi Medallion Owner Driver Association, which represents about 1,500 individual taxi owners, most of whom are immigrants.

The Data Centre will develop, in collaboration with bioethicists, data access policies that pave the way for open / controlled access of all SciLifeLab - generated data as a service to the data owners and the scientific community on a whole.

DOT and DHS collaborate with infrastructure owners and operators to implement PPD - 21, which included developing a 2015 Transportation Systems Sector - Specific Plan; serve as a day - to - day Federal interface for the dynamic prioritization and coordination of sector - specific activities; provide, support, or facilitate technical assistance and consultations for that sector to identify vulnerabilities and help mitigate incidents, as appropriate; and carry out incident management responsibilities consistent with statutory authority and other appropriate policies, directives, or regulations.

This question of participating vs. non-participating life insurance relates directly to how your policy works for the benefit of you as the policy owner as well -LSB-...] Read More

However, if the actual time to profitability is 7 years instead of 5 years, as planned, the business owner may want to renew their life insurance policy to make sure any debts would be covered.

These policies are sometimes referred to as H06 policies because they use the standardized H06 Unit - Owners Form, which provides coverage of your personal property, walls, floors and ceilings against all listed perils.

It is a great idea for an owner to be listed as an additional interest, also known as an interested party or party of interest, on a renters insurance policy.

An individual condo unit owner's insurance policy, an HO6 policy, is often referred to as «walls - in» insurance, as it covers the interior structure of the unit as well as your personal property.

These dividends are categorized as return of premium to the owner of the policy, so they are not subject to taxation.

Some renters insurance policies will charge higher premiums to owners of dogs classified broadly as «dangerous breeds.»

This question of participating vs. non-participating life insurance relates directly to how your policy works for the benefit of you as the policy owner as well as your estate and your loved ones.

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.

Universal life insurance policy owners are NOT viewed as owners of the life insurance company.

As Herbert puts it, master policies do not cover much within the units of individual owners, leaving everything from countertops to kitchen and bathroom cabinets to flooring and owners» personal belongings unprotected.

Many business owners purchase commercial building coverage as part of their BOP policy.

The advantage of taxation of a policy loan is that once the loan is repaid, the policy owner can claim a tax deduction up to the amount previously taxed as income.

The owner of the policy has a contractual right to borrow from the insurer, using your cash value as collateral for the loan, for anything you want to use the loan for.

(Typically, condo owners are also required to pay into a Master Policy as well that covers common areas of the building - but more on this below.)

Property insurance is defined as a policy that covers the owner or renter of a house from a variety of damages such as theft, fire, some types of weather damages and more.