Sentences with phrase «beneficiary after»

To be a qualified distribution, the distribution must occur after you have met the five - year holding requirement, and the distribution is made to you (1) after you have attained age 591/2, (2) after you have become disabled, (3) because of a first - time home purchase, or (4) to your beneficiary after your death.

If the policy holder doesn't change the name of the beneficiary after the beneficiaries death, depending on what state you live in it goes to next of kin.

Sometimes an ex-spouse is named as the beneficiary by mistake because the husband or wife forgot to change the beneficiary after divorce.

It also pays Annualized Income Benefit to the beneficiary after death.

Can I change my beneficiary after the policy is in force?

The easiest way to change your beneficiary after the divorce is to contact your life insurance agent; he can verify if the policy is revocable and re-designate your beneficiary.

A regular life insurance policy pays the benefits to a beneficiary after the policyholder passes away.

Whatever money is taken from the policy while the person is alive is deducted from the life insurance paid to the beneficiary after the policyholder dies.

If the death of the policyholder occurs during the grace period then the full sum assured will be paid to the beneficiary after the deduction of the premium due and all the premiums falling due during the policy year.

Death Benefit: A payment a life insurance company makes to a beneficiary after the insured passes away.

Universal life insurance, also referred to as «UL,» offers flexible premiums and a death benefit (money paid to the beneficiary after the insured's death).

So in a tough situation, if my wife passes away before me, who would be the beneficiary after my death.

The insurance company will pay death benefits to the beneficiary after deducting the unpaid premium.

This way if you were to die late in the policy term, there would be a substantial amount of money left over for your beneficiary after paying off the mortgage.

A death benefit is paid to the beneficiary after the insured has passed away assuming it is past the contestability period.

As long as the premiums are continuously made, death benefits will be paid to the beneficiary after the death of the policyholder.

With this policy the death benefit is fixed at $ 10,000 and will be given to your chosen beneficiary after passing.

Although both types of life insurance pay out a sum of money to a beneficiary after the policyholder dies, there are a few key differences in how they work.

To avoid people using this as a strategy to leave money from the life insurance to their beneficiary after a planned death, there are some basic rules in place.

The death benefit is paid to the beneficiary after the second person dies.

Universal life insurance pays death benefits to the named beneficiary after the insured's death.

The death benefit of your life insurance policy is the sum that will be paid out to your beneficiary after you pass away.

Coverage Amount — The face amount of a policy to be paid to a beneficiary after the policyholder passes away.

This makes the matter safer than, say, a will that might be made at large and pulled out of the ether by a purported beneficiary after the death of the testator.

The property will only vest with the beneficiary after the death of the last transferor.

Using life insuranceLife Insurance Insurance that pays cash to your family or other beneficiary after your death.

+ read full definition for the death benefitDeath benefit Money that your life insurance or savings and pension plan (s) pays to your estate or beneficiary after your death.

Money that your life insurance or savings and pension plan (s) pays to your estate or beneficiary after your death.

Donate a permanent life insuranceLife Insurance Insurance that pays cash to your family or other beneficiary after your death.

Insurance that pays cash to your family or other beneficiary after your death.

Although both types of life insurance pay out a sum of money to a beneficiary after the policyholder dies, there are a few key differences in how they work.

Further, if the death benefit exceeds the policy cash surrender value, the proceeds received by the beneficiary after the client's death will also be income tax - free.

Some immediate annuities may in some circumstances refund a portion of your original investment to your beneficiary after your death.

Under the NaBCo initiative, government will terminate appointment of beneficiaries after three years with no provisions made to absorb them.

Life insurance pays money to beneficiaries after the death of a policy holder.

But if your brother changed beneficiaries after the policy was sold though, then the agent wouldn't even know the answer to the question.

The Facts: Fixed indexed annuities allow you to pass your account balance to your named beneficiaries after you pass away.

You may have heard about people using a withdrawal and re-contribution strategy with their super after they retire as a way of minimising any future tax payable by non-dependant beneficiaries after they die.

If you play your cards right, you may even be able to leave a substantial nest egg behind for family or other beneficiaries after your death.

The payments specified in the annuity contract will be paid to you during your retirement (or, in some situations, to your beneficiaries after your death).

This is a good option to use if the primary purpose of your life insurance is to provide support for your beneficiaries after your death.

In addition, seg funds are paid out directly to the named beneficiaries after your death, bypassing probate.

It allows up to three years for the assets of the will to be distributed to the beneficiaries after the individual's death.

A trustee, usually a bank or trust company, manages the trust and pays the insurance premiums, and distributes the insurance benefit to the trust beneficiaries after the insured person dies.

Don't forget to update your beneficiaries after important life events such as marriage, divorce, and births.

A revocable designation allows the insured to change beneficiaries after the policy becomes in force, if he or she so chooses, without the consent of the beneficiary; While an irrevocable designation can not be changed in the future without the consent of the beneficiary.

Term life insurance is basically just a death benefit which is paid to your beneficiaries after your demise.

But if your brother changed beneficiaries after the policy was sold though, then the agent wouldn't even know the answer to the question.

They may pay out a miniscule death benefit to your beneficiaries after your passing.

Life insurance pays money to beneficiaries after the death of a policy holder.