Sentences with phrase «beneficiaries know»

Make sure your beneficiaries know you have life insurance.

However, the way this works in real life is that the beneficiaries know that if they take the proceeds, they life insurance premiums will NOT get paid and they will no longer be the beneficiary of a life insurance policy.

There may be tax implications if they receive the death benefit in installments, so it's important that your beneficiaries know what their options are when it comes to receiving the money.

Step one would be to let your primary and contingent beneficiaries know about your life insurance.

An estate planner can help you make sure the trust's beneficiaries know not to act on a Crummey letter and withdraw money during the 30 - day window.

Make sure your beneficiaries know the policy exists, or, if you don't want them to know, make sure that a neutral third - party (such as your lawyer) is aware of the policy's existence.

With final expense insurance, you and your beneficiaries know what the money is supposed to be used for, taking much of the stress out of planning your burial.

Also be sure to let any beneficiaries know about the policy so that they're aware of it if you die while it's in effect.

A policyholder should keep copies of a policy at an off - site location — such as in a safe deposit box, or with a lawyer or financial adviser — and make sure the beneficiaries know where the documents are kept and how to get access to them.»

When you make the decision to protect your loved ones from financial disaster, make sure you understand how life insurance works, how funds will be distributed, and be sure to let your beneficiaries know they are included on your life insurance policy.

Letting your life insurance beneficiaries know where to claim money if you die seems simple enough.

When you make the decision to protect your loved ones from financial disaster, make sure you understand how life insurance works, how funds will be distributed, and be sure to let your beneficiaries know they are included on your life insurance policy.

However, the way this works in real life is that the beneficiaries know that if they take the proceeds, they life insurance premiums will NOT get paid and they will no longer be the beneficiary of a life insurance policy.

Finally, let your beneficiaries know that they'll be better served directly contacting the AARP if they have issues during the claims process with New York Life.

The second return you describe appears to retain its earnings, and let beneficiaries know about such activity as a reporting activity, but the trust itself would have filed the return, and paid the tax due from the trust itself.

If you purchase coverage from MetLife, you should let your beneficiaries know they will need the following items to make a claim if you pass away:

Under the final rule, these beneficiaries no longer are exempt from the definition of «individual.»

This is because the way in which the death benefit is paid out can differ dramatically, depending on the kind of plan you have — and it will be essential that your beneficiary knows how this could affect the amount of benefit that they could receive.

Permanent life insurance, for instance, offers lifetime protection, a death benefit paid to beneficiaries no matter how long the policyowner lives, assuming the premiums are paid.

When you calculate life insurance requirement, the underlying assumption is that the beneficiary knows how to use the money.

This makes whole life insurance attractive for people who want to provide life insurance benefits to their beneficiaries no matter what age they may pass away.

The purpose of the letter is just to let each beneficiary know that they are technically entitled to withdraw the proceeds.

Permanent life policies, including whole life insurance, variable and universal life, pay a death benefit to your beneficiary no matter when you die — next week or in 50 years.

A person may choose to become a viator if he is diagnosed with an incurable illness and determines his beneficiaries no longer need the death benefit of his policy, and that he can put the money to better use while still alive, such as paying for medical treatments.

This means that you need to let your beneficiary know that he or she will be your beneficiary so as to prepare them for the responsibilities they will get once they acquire the death benefit.

For instance, letting the beneficiary know where the needed documents are stored — such as the insurance policy itself — it can cut down on the time that it will take to process a future claim.

It's important to let the beneficiary know that you have life insurance, and that they are named as beneficiary, and where to find your life insurance information so the beneficiary can contact your life insurance company to make a claim, upon your passing.

There are two reasons I emphasize your beneficiary knowing where the policy is.

Not exact matches

He said he knew he could translate his corporate experience and connections to provide tangible benefits to his young beneficiaries.

Here's what high - income beneficiaries need to know.

The funds are not subject to the beneficiary's creditors, and the beneficiary has no right to give the remainder to someone as part of his or her will.

«I think the beneficiaries should know about it.

Buffet said the performance of the funds of hedge funds leaves «no doubt that Girls Inc. of Omaha, the charitable beneficiary I designated to get any bet winnings I earned, will be the organization eagerly opening the mail next January.»

To do so, you'll need to know which 529 plan the recipient uses and, in some cases, the beneficiary's social security number.

However, many current and future Social Security beneficiaries don't know some important details about how the program works.

If so, did you know that in many cases, leaving tax - deferred assets, such as IRA funds or annuities, to charity will relieve non-charitable beneficiaries of tax liability?

Among them: whether beneficiaries of the program, known as Deferred Action for Childhood Arrivals, or DACA, would be allowed to renew their protected status during the six - month period.

A beneficiary of what's known as «Small Business Saturday» — as well as a local marketing campaign promoting area...

In a 401 (k), if one spouse does not change his or her beneficiary designation, the assets will go to the ex no matter what the will states.

Most people know of the financial troubles the Social Security System faces, and some younger beneficiaries may wonder if there will be anything left for them.

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).

Simply contact the financial institution managing your retirement plan and sign a declaration (known as a «beneficiary form») naming Amnesty International Canadian Section (English Speaking) as the beneficiary of the plan.

With retirement benefits, you need to know the impact of income tax and estate tax laws in order to select the right beneficiaries.

The safest prediction is that the biggest beneficiaries of Social Security privatization will be managers of the conservative mutual funds in which the vast majority of workers will invest in the hope that they will be no worse off than under the old system.

The Roman Catholic Church knows this too well as they are the beneficiary of all this deception.

Peter was most passionate about education, higher education, and the liberal education that dealt with souls, and which he knew firsthand as a beneficiary and practitioner.

Sooner then later will we know our ending days of which will come forth a unifying globalization for the beneficiaries» goodness» sakes.

No, one of the worst pop stars of all time and a huge beneficiary of white privilege, has barely any talent at all.

Can't see WAS saying no, maybe NYK, but we could toss in a 2nd rounder if that happened, since we might be the biggest beneficiaries of this deal

In the wake of their divorce she had apparently forgotten to change beneficiaries — a fact that, Bennie said, he did not know.