Sentences with phrase «as policy beneficiaries»

With this type of arrangement, each of the partners will purchase a life insurance policy on all of the others, naming all of the other partners as policy beneficiaries as well.

While spouses can own life insurance on each other, most couples top to own their own policy and simply name their spouse as the policy beneficiary.

If you get divorced, forget to remove your ex-spouse as the policy beneficiary and die, the death benefit goes to your ex-spouse.

Then, name a trust as your policy beneficiary to ensure that your minor child will receive the financial benefits you intend for them.

If anything were to happen to Steve, his wife, who he designated as the policy beneficiary, would receive the $ 500,000 death benefit.

If you get divorced, forget to remove your ex-spouse as the policy beneficiary and die, the death benefit goes to your ex-spouse.

While spouses can own life insurance on each other, most couples top to own their own policy and simply name their spouse as the policy beneficiary.

Similar to with other types of life insurance, the owner of a final expense life insurance policy is able to name a person, or persons, as their policy beneficiary to receive the death benefit proceeds.

Then, name a trust as your policy beneficiary to ensure that your minor child will receive the financial benefits you intend for them.

With that in mind, it is always a good idea to consult with the charity prior to naming it as a policy beneficiary or a recipient of policy dividends.

Not exact matches

«As a result, the brokers produce worse outcomes for their institutional investor clients — and therefore, for individual pension beneficiaries, mutual fund investors and insurance policy holders — and ill - gotten gains for the brokers,» Macey and Swensen concluded.

To avoid negative tax consequences, ask your CPA to help you decide whom you should name as the beneficiary of your policy.

Hyde says a will or life insurance policy should never name a minor child as a direct beneficiary.

Actions that are considered Centennial Planned Gifts include making estate plans through a will or a living trust; creating a charitable remainder trust and naming the Business School as the remainder beneficiary; entering into a charitable gift annuity agreement with the School; naming Columbia as the beneficiary of a life insurance policy or retirement plan; or establishing a donor - advised fund at Columbia.

You have certain types of income (such as business or farm self - employment income; unreported tips; dividends on insurance policies that exceed the total of all net premiums you paid for the contract; or income received as a partner, a shareholder in an S corporation, or a beneficiary of an estate or trust)

Some 70 % of shares in U.S. - listed companies today are held by mutual funds, pension funds, insurance companies, sovereign funds, and other institutional investors, which manage them on behalf of beneficiaries such as households, pensioners, policy holders, and governments.

As a result, the brokers produce worse outcomes for their institutional investor clients — and therefore, for individual pension beneficiaries, mutual fund investors and insurance policy holders — and ill - gotten gains for the brokers.

If you prefer to retain ownership of your policy and name the Foundation as beneficiary, your estate will receive a tax receipt for the proceeds after your passing.

Because you have chosen to name the Foundation as the beneficiary of a policy, there are no disputes about ownership of the policy proceeds.

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.

As Morgan Stanley's Kai Pan points out, Berkshire has large exposure to Industrials and Financials and thus will be a major beneficiary of the administration's «pro-growth» policies and tax reform, if they pan out.

As uncertainty surrounding immigration policies, the future of Obamacare and Dodd - Frank, and tax cuts continues, gold will be a likely beneficiary.

In the case that you pass, the policy beneficiaries should file a claim with the insurer, after which point the circumstances of your death will be reviewed and receive the payout (also called a death benefit or the face value of the policy) so long as everything is in order.

You can also purchase a new policy and name the organization as the sole beneficiary.

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.

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).

The Oregon study's finding that expanding Medicaid had a statistically insignificant impact on the health of beneficiaries could be used by many Republican politicians as an excuse to ignore health care policy beyond making some gestures in the direction of repealing Obamacare.

Couples should consider designating each other as the primary beneficiary on bank accounts, insurance policies and retirement plans.

At the release party, the Panetta Institute for Public Policy (CSUMB) will be recognized as this year's LA VITA beneficiary.

Realizing that such an award would be rejected out of hand by a judge, Sparks moderated her demand, and Payton agreed to contribute $ 5,550 a month in child support, establish a $ 175,000 college trust fund and purchase a $ 1 million life insurance policy naming the child as beneficiary.

Our transfer policy is reactive, recently we've simply been the beneficiaries of other transfer deals and we've tried to pass it off as effective transfer strategizing.

3) The entire mandate by the state bothers me, in fact, because while I support the idea of shoring up the nutrition of low - income children (who as you point out are the likely beneficiaries of the policy), I DO N'T support the idea of intervening in what parents choose to feed their children.

The research team, led by Dr Sarah Ayres, conducted interviews with senior Whitehall officials in which they found a growing awareness of the need to boost the competitiveness of England's economically weaker regions and to improve services through decentralisation and empowerment.Whitehall officials viewed the first round of RFAs in 2006 as generally positive - in particular, the main beneficiary had been the Department for Transport and transport policy.

«Though this programme among others were adopted from the already sustained policies of Osun government and today, it has not only being nationalised but also maintained as thousands of Nigerians can boast of being the beneficiaries of N - Power Programme initiated by our administration.

«We also call on Prof Dokubo to unveil his blueprint, give a clear policy direction for the amnesty programme beneficiaries, as well as his action plan to forestall more Niger Delta youths from going into criminality as a means of survival.

Effective teaching and learning have been hampered at the La Presby Senior High School, as students, including beneficiaries of government's Free SHS policy, are forced to study in uncompleted buildings without marker boards and adequate desks.

This can occur over time, as white women are quickly achieving parity in some scientific fields, as the group that is the main beneficiary of affirmative action policies that were fought for primarily by African Americans.

«Shedding light on trends in the burden of stroke among Medicare beneficiaries may provide important information for policy purposes, including describing the past and current scope of the condition, assessing the potential effect of stroke prevention interventions on a national level, and identifying areas where resources can be targeted more specifically and effectively,» says lead investigator Margaret C. Fang, MD, MPH, an Associate Professor of Medicine at the University of California San Francisco School of Medicine, who also serves as the Medical Director of the UCSF Anticoagulation Clinic.

When Larry, a widower, learns he can not name his children as beneficiaries on his life insurance policy, he needs a big favor from Chuck: Sign on as Larry's domestic partner.

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.

But when policy intervenes to reshape the teacher's priorities, it is invariably on behalf of the laggards, for they are the beneficiaries of major governmental efforts — such as NCLB and IDEA — to advance the education of youngsters who face difficulties and to reward schools and teachers that accomplish this.

For example, Cheryl lists her husband John as primary beneficiary for her life insurance policy and their two children as contingent beneficiaries.

If the policy names the estate as the beneficiary, the estate will pay off all creditors before distributing any remaining money to the heirs.

Typically, any person or entity can be named a beneficiary of a trust, will or life insurance policy, and the one distributing the funds, or the benefactor, can put various stipulations on the disbursement of funds, such as the beneficiary attaining a certain age or being married.

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.

It's always best to seek the advice of your financial advisor, tax advisor or your insurance agent when you are buying a life insurance policy, naming your beneficiaries, and making any changes to your policy, as to whether those choices may result in tax consequences.

Charity as beneficiary: Similar to leaving a bequest through a will is naming the charity as the beneficiary of your life insurance policy directly on an application.

You can either have the charity apply for a new policy naming it as beneficiary and you as life insured, or you can transfer an existing policy to it.

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

Consider naming the person who would be responsible to pay off your loans in the event of your death (i.e. co-signer, spouse, etc) as the beneficiary of the policy so that they can receive the cash directly from the insurance company.