Sentences with phrase «beneficiaries need»

You might enlist the aid of a financial planner who can help you figure out how much your beneficiaries need if you were to pass away unexpectedly.

This could be a problem if your beneficiaries need the entire amount of the intended benefit for final expenses.

When a person dies, the beneficiary or beneficiaries need to provide a lot of information so the insurance company can determine that there are no reasons why it should deny coverage.

The beneficiary or beneficiaries need to apply to receive the death benefit from the insurance company.

Beneficiaries need to pay a minimal registration fee of Rs. 30 under this health insurance scheme, while State and Central governments pay the premium to the insurer.

When determining how much coverage you need, take into account many different figures, such as your present debts, inflation, your children's future college education costs and if your beneficiaries need to maintain a certain lifestyle.

This is because you will want to be sure that the insurer will be there to make good on the promise of paying out the claim should your loved ones, or other beneficiaries need to file.

Life insurance proceeds also have the added benefit of being non-taxable so the money can be used in any manner your beneficiaries need to use it.

A local independent agent can assist you as you determine how much coverage your beneficiaries need.

The beneficiaries need to claim the benefit, but if they don't know a policy exists, all of your planning to protect them will have been in vain.

Yet, it is also of great importance to choose a policy from a company that will be there when you and your beneficiaries need to file a claim.

Term life insurance is income replacement: your beneficiaries need it because they're used to your income coming to pay for things, and when you're dead, it's harder to get paid.

The amount of the death benefit is called coverage, and the amount of coverage you need depends on your financial situation and the amount your beneficiaries need to survive without you.

Again, every situation is unique, so take your time in figuring your required death benefit to ensure the best possible care should your beneficiaries need to file a claim.

The last thing you want is to purchase a life insurance policy from a company that isn't around when your life insurance beneficiaries need it.

Your focus is likely permanent coverage, so you want this company to be around when your beneficiaries need the benefits you paid for.

This needs to be made absolutely clear at the outset and the settlor and the beneficiaries need to understand that they can not direct trustees to use the trust's assets how they (the settlor / beneficiaries) want, unless there is an express power in the trust instrument to that effect.

The amount of the death benefit is called coverage, and the amount of coverage you need depends on your financial situation and the amount your beneficiaries need to survive without you.

Contingent beneficiaries need to be reviewed and updated after major life changes such as marriage, divorce, birth or death.

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

Generally, you can put as much cash into the fund as the beneficiary needs to meet college expenses, which will take careful calculations to figure out (use your school's tuition calculator as a gauge).

In fact, the final required minimum distribution (RMD) regulations state, «A designated beneficiary need not be specified by name in the plan... in order to be a designated beneficiary so long as the individual who is to be the beneficiary is identifiable...» [Treas. Reg.

After that time, if the beneficiary needs to cash in all of the investment income and grants during the same year to cover tuition and expenses, the full amount can be withdrawn.

When we were reviewing the documents, we discovered several things we missed, and also a choice on beneficiaries we needed to change.

The Manitoba Court of Appeal also found that a «beneficiary need not suffer an actual loss in order to be entitled to a remedy» (at paragraph 23) and «given the shameful conduct on the part of the appellant fiduciary» (at paragraph 26) it ordered the appellant to pay the funds to the court pending the final outcome of the administration of the estate, while repeatedly emphasizing the obligations of a committee and the lengths the court will go to in upholding this fiduciary relationship.

When the policyholder dies, the beneficiary needs to contact the insurance company to alert them, using a death certificate, policy document, and claim form to get the money after the death.

Death Claims: In case of a claim under your life insurance policy, your beneficiary needs to submit following documents:

When a beneficiary needs to file a claim, Americo offers a direct phone line for this type of assistance.

The only requirement is that a beneficiary can only be named ifs an insurable interest exists, meaning the beneficiary needs to benefit from the existence of the insured, either emotionally or materially.

Under the LIC Varishtha Pension Bima Yojana, your spouse or beneficiary needs to submit the claim forms with LIC.

The beneficiary needs to submit this certificate to the insurance company when making a claim.

The beneficiary need not pay any future premiums as 50 % of future premiums will be paid by the company towards the policy and the remaining 50 % will be paid to the beneficiary on the premium due date.

That way, your death benefit is at its peak when your beneficiary needs it most — when you die!

You do however still need to look at funeral expenses and monthly costs of the household, also what type of cash flow will your surviving spouse or beneficiary need to survive.

Not exact matches

The key things to consider, said Cortazzo at Macro Consulting Group, are whether the investment options have flexibility, do the guarantees cover the things you need to protect, who do they cover (i.e., annuitant, spouse, beneficiaries) and how much does it cost.

Authorized by federal law, a special needs trust is an irrevocable trust designed specifically to hold assets for a beneficiary so that the funds do not disqualify the recipient from needs - based government benefits.

Retirement Account Beneficiaries If you are the beneficiary of a retirement account, you may need to withdraw beneficiary RMD amounts by Dec. 31.

Others say that richer countries may lack insight into the needs of recipients or that aid can be misused by beneficiaries.

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

Building on this, a large portion of these income - driven beneficiaries do not actually need the benefits of such a plan.

Justwealth also offers RESP target date portfolios that become more conservative as the beneficiary gets closer to needing the funds in university.

Whether you eventually need long term care services or your beneficiaries receive the death benefit, you can feel confident with protection that lasts a lifetime.

«You'll also need to evaluate whether you should have a trust, and how you can be most effective, from a tax standpoint, in leaving various assets to your heirs and beneficiaries.

«They don't need to be related,» says Nelligan, noting that most plans let participants change beneficiaries for any reason.

Startup sales teams need to create new entry points and doors into the business functions likely to be the biggest beneficiaries or most active users of their offering».

Account must be used by the time the beneficiary is 30 years old (unless special needs).

Contributions can not be greater than the amount needed to pay the qualified education expenses for the designated beneficiary.

Understanding the correct amount of life insurance to get is an exercise in forecasting your beneficiary's future financial needs, assuming (unfortunately), that you were to pass away today.

Ulta Beauty Inc (NASDAQ: ULTA) has been a beneficiary of the «selfie generation» where teens and millennials need to look their best for the constant stream of selfies posted to social media platforms.

Unlike married beneficiaries, the ex-spouse doesn't need to have applied for benefits, but the ex - spouse must be eligible for benefits, which means he or she must be at least age 62.