Sentences with phrase «beneficiaries upon the person»

A person creates a living trust while alive, often to help seamlessly transfer assets to beneficiaries upon the person's death.

Not exact matches

Mr Sarpong, who addressed a durbar of chiefs and people of the area, commended the Japan the constant support to Ghana and urged the beneficiaries to make maximum use of the funds provided to increase their products as well as improve upon their living standards.

A life insurance policy is cover that a person takes out, keeps up with the monthly premiums and in turn the insurer undertakes to pay their dependents / beneficiaries out upon their death.

Beneficiary: the beneficiary is the person or entity that receives the life insurance benefit from the insurer upon the death of tBeneficiary: the beneficiary is the person or entity that receives the life insurance benefit from the insurer upon the death of tbeneficiary is the person or entity that receives the life insurance benefit from the insurer upon the death of the insured.

The universal life insurance coverage extends to two people and pays the death benefit to the beneficiary upon the death of the second insured.

Beneficiary: A person (s) designated by the policy owner to receive the proceeds of an insurance policy upon the death of the insured.

If I have a will with «person A» named as beneficiary for the TFSA and a Beneficiary form completed naming «person B»... who would actually be entitled to the assets beneficiary for the TFSA and a Beneficiary form completed naming «person B»... who would actually be entitled to the assets Beneficiary form completed naming «person B»... who would actually be entitled to the assets upon death?

A premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

A reissue transaction is a reportable event if a living owner, principal co-owner, surviving co-owner, beneficiary, or other person entitled to ownership (for example, an heir upon the death of persons named on the bond) is not named owner or principal co-owner in the new registration on the bond issued in the transaction.

Beneficiary A beneficiary is the person (s) selected by the policy owner to receive the life insurance payments upon the death of tBeneficiary A beneficiary is the person (s) selected by the policy owner to receive the life insurance payments upon the death of tbeneficiary is the person (s) selected by the policy owner to receive the life insurance payments upon the death of the insured.

This second method is based upon the deceased person's relationship with the beneficiaries.

Where land or rent is vested in a trustee upon an express trust, the right of the beneficiary of the trust or a person claiming through the beneficiary to bring an action against the trustee or a person claiming through the trustee to recover the land or rent, shall be deemed to have first accrued, according to the meaning of this Act, at and not before the time at which the land or rent has been conveyed to a purchaser for a valuable consideration, and shall then be deemed to have accrued only as against such purchaser and any person claiming through the purchaser.

My understanding is that when a fiduciary is mandated to manage another person's affairs, during a period when the would - be beneficiary is indisposed, ill - disposed, unable to tend to his own affairs because of other obligations, e.g., cabinet ministers, or absent on a long cruise, it is the fiduciary who has the obligation to provide a full, accurate and honest accounting to the beneficiary upon his return.

One key point to make here is that if two or more primary beneficiaries are selected, and one or more of them is dead upon the passing of the insured person, the money will be distributed to the remaining primary beneficiaries, rather than any of the funds going to the secondary beneficiaries.

Beneficiary: A person (s) designated by the policy owner to receive the proceeds of an insurance policy upon the death of the insured.

Level Term Rider Proceeds of this rider are payable to the beneficiary upon receiving proof that the person named as Covered Insured died while his or her coverage under this rider was in effect.

You primary beneficiary is the person (or people) who is intended to receive the death benefit upon the insured's death.

The insurance company pays a cash amount (called the coverage amount or death benefit) to the beneficiary (s) named in the policy upon the death of the insured person named in the policy.

Upon the death of the insured person the Life Insurance beneficiary gets the death benefit equal to the face value of the policy, which is free of income tax.

A premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

A beneficiary is a person or entity entitles to receive claim amount and other benefits upon the death of the policyholder.

The death benefit is the amount paid to the beneficiary of the insurance policy upon the death of the insured person.

Upon your death, your remaining annuity benefits (if any) will go to the person you name as your beneficiary, but again, how this works can vary depending on the type of the annuity.

A life insurance beneficiary is the person who will receive the policy benefits upon the death of the insured.

A life insurance policy beneficiary is the person or the entity that will receive the policy's death benefit proceeds upon the passing of the insured.

Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).

It defines life insurance «as a contract between and insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.»

Beneficiary is the person (s) or entity (ies)(for e.g. corporation, trust etc.) who is named in the policy as the recipient of insurance proceeds upon the death of the insured.

A beneficiary is the person (s) selected by the policy owner to receive the life insurance payments upon the death of the insured.

Your primary beneficiary is the person or entity you select that is entitled to the policy's benefit upon your death.

Life insurance also provides income for beneficiaries who were depending upon the lost income of the insured person.

Life insurance is a contract between an insured (insurance policy holder) and an insurer, where the insurer promises to pay a designated beneficiary a sum of money (the «benefits») upon the death of the insured person.

Beneficiary — The beneficiary is the person (s) or entity (s) who receive the death benefit of a life insurance contract upon death of tBeneficiary — The beneficiary is the person (s) or entity (s) who receive the death benefit of a life insurance contract upon death of tbeneficiary is the person (s) or entity (s) who receive the death benefit of a life insurance contract upon death of the insured.

Death Benefit — The amount paid to the beneficiary by the insurance company upon death of the insured person.

A term life policy has only one function: to pay a specific lump sum to the beneficiary that has been designated, upon a specific event: the death of the insured person.

Life insurance is a contract between a person or policyholder and an insurer or Insurance Company, where the insurer promises to pay a designated beneficiary a specified sum of money, upon the death of the insured, in exchange for a premium paid.

Beneficiary is the person named in the insurance contract who is entitled to receive the benefits of the policy upon the death of the policy holder.

A beneficiary is a person (or entity) that will receive the proceeds of the insurance policy upon the death of the insured.

Your beneficiary is the person or entity that will receive the proceeds of the policy upon your death.

Death Benefit — The amount of money paid out to the beneficiary upon the death of the insured person.

The second person named to receive benefits upon the death of an insured if the first - named beneficiary is not alive or does not collect all the benefits before his or her own death.

In exchange for a series of premium payments or a single premium payment, upon the death of an insured person, the face value (and any additional coverage attached to a policy) minus outstanding policy loans and interest, is paid to the beneficiary of the life insurance policy.

With term life you select the duration of coverage and pay your premiums each month (or annually) and the insurer agrees to pay out a death benefit to the person you choose (beneficiary) upon your passing, if you die during the term of your life insurance policy.

The beneficiary is the person to whom the proceeds of a life insurance policy are paid upon the insured's death.

In exchange for a series of premium payments or a single premium payment, upon the death of an insured person the face value (and any additonal coverage attached to the policy), minus outstanding policy loans and interest, is paid to the beneficiary.

If there is a policy on your life the person currently listed as the beneficiary will be paid upon your death.

If someone is financially dependent upon you, that person is likely a reasonable choice for a beneficiary.

To put it in its most basic explanation, life insurance is a contract where you agree to pay a monthly premium and the insurance company agree's to pay your beneficiary an amount of money agreed upon in the contract when the covered person passes.

To the extent that the impact of the measures upon group members may differ, the specific wishes of those persons who are the intended beneficiaries of the measure must be considered closely.

Bank account which balance will be paid upon the owner's death to the person specified as the pay on death beneficiary.