Sentences with phrase «beneficiary at»

The residuals continue after death to the associate's beneficiary at five per cent.

Whole life insurance is exactly what it sounds like, coverage for our whole life, it can never be cancelled unless you fail to pay for it, and it's a life insurance coverage that will pay out your beneficiary at any time in life.

A cash value policy payable to the policyholder on the maturity date — if they are living — or to a beneficiary at the time of the insured's death.

The policy holder has the choice to change the name of the beneficiary at any time, including after the death of a named beneficiary.

However Whole Life Insurance bypasses probate and is paid directly to the beneficiary at death.

Income Benefit - An amount equal to the Annualized Premium is paid to the beneficiary at the start of every policy year following the date of death till the end of the Policy Term.

An amount equal to the Annualised Premium is paid to the beneficiary at the start of every Policy year from the date of death till the end of the Policy Term.

You can choose any amount of money to be paid to your beneficiary at the time of your death.

Yes, all life insurance companies allow the policy owner to name more than one beneficiary at any time.

If so, you can change the beneficiary at any time with a simple form as long as the beneficiary is not irrevocable, in which case the beneficiary's written consent would also be needed.

A: If a minor child is a beneficiary at the time of a death claim, the life insurance company will likely pay the death benefit to the minor's legal guardian or to your estate, unless state law permits otherwise.

He has the right to change the beneficiary at anytime if it is not irrivocable..

You also have the ability to change your beneficiary at any time, and many life insurance policies will allow you to reduce your death benefit if you no longer need the amount of coverage you initially applied for.

Most life insurance policies are revocable, meaning the policy owner may change the beneficiary at any time.

Any existing loans against your permanent life insurance policy will decrease the amount of the payout to the beneficiary at time of death of the insured.

The interest portion, if any, of each installment is usually treated as taxable to the beneficiary at ordinary income tax rates, while the remaining principal portion is tax - free.

The added benefit is that the cost and underwriting of the latter is based on the health of the beneficiary at the time of the original policy's purchase.

Also, death benefits will be paid to the beneficiary at the time of death of the life assured.

A cash value policy payable to the policyholder on the maturity date, if living, or to a beneficiary at the time of the insured's death.

However, if there is an unpaid balance in the policy's cash value component at the time of the insured's death, then this amount will be subtracted from the amount of the death benefit that is paid out to the beneficiary at that time.

Any amount of an unpaid cash value balance, however, will be charged against the death benefit that is paid out to the policy's beneficiary at the time of the insured's death.

While is it not required that these funds are paid back, it's important to note any un-repaid balance in this account will count against the amount of the death benefit that is paid out to the named beneficiary at the time of the insured's death.

If the cash value loan or withdrawal is not repaid, this amount will then be deducted from the amount of death benefit that is paid out to the beneficiary at the time of the death of the insured.

The size of your death benefit can vary, and at some places, there is a maximum amount of $ 1 million that can be collected by the beneficiary at the time of death.

Also important to note the policyowner has the option of changing the beneficiary at a later date.

I know it isn't the first thing you may remember in a stressful time in your life, but don't forget to update your beneficiary if you no longer would want that person who was your beneficiary at the time of the application to inherit all of your life insurance proceeds now.

This will keep the policy in force, and allow the remaining 50 percent of the death benefit to be paid to the policy's named beneficiary at the time of the insured's death.

Whatever the reason, Gerber Life allows you to make changes to your listed Beneficiary at any time by logging into your eService account

The most common option for receiving a life insurance payout is as a Lump Sum, in which the entire face amount is paid to the beneficiary at once.

Hence any money back received as part of the product structure or amount accumulated under a traditional endowment or unit linked plan will simply be payable to the beneficiary at the maturity of the policy.

These benefits include an option to have all premiums returned to the beneficiary at death, a level death benefit for joint - life policies and a new limited pay cost of insurance that provides low cost protection today and a guarantee to stop paying at the later of age 85 or 15 years — a time when other insurance cost structures could become prohibitive.

With many life insurance policies, you can change your life insurance beneficiary at any time.

The coverage amount payable to your beneficiary at the end of your life, called your death benefit, usually has a maximum limit of around $ 25,000.

Since you are the owner, then you can change the beneficiary at any time and can name anyone else besides your mother even though she purchased the policy.

Once the contestable period expires, even if erroneous information is later discovered, the company is generally required to pay policy proceeds to the beneficiary at the insured's death..

Once in place, it will remain in place (assuming that all premiums are paid) until the death benefit reaches the beneficiary at death.

Successfully defended beneficiary at jury trial against trustee's claim she should return $ 5 million the trustee mistakenly distributed to her from a trust

The beneficiary dispute might arise in cases where an ill placeholder tries to change his beneficiary at the end of the or his or her life.

If the liability claimant is not a Medicare beneficiary at the time of settlement, reimbursement is not required.

The court held the ex-wife was entitled to receive the survivor benefits from her ex-husband's IRA because she was listed as beneficiary at the time his death.

«The majority of young people these days get their political news over the social media,» says Phil Howard, Professor of Internet Studies and ERC beneficiary at the Oxford Internet Institute.

A trustee may be asked by an estate beneficiary at any time to have their accounting reviewed by the court for approval in a «passing of accounts.»

Premiums are the fixed periodic payment made to the insurance company in return of the lump sum payment offered by the insurer to the beneficiary at the time of demise of the insured person.

The coverage amount payable to your beneficiary at the end of your life, called your death benefit, usually has a maximum limit of around $ 25,000.

Death benefit A death benefit is the amount paid to the beneficiary at the time of the death of the insured.

The minor must remain the 529 plan beneficiary at all times.

Yes, you can change the beneficiary at any time.

You can change the Beneficiary at any time.

You can change the Beneficiary at any time.There can only be ONE Beneficiary per account.

Qualified higher education expenses include tuition, fees, and the cost of books, supplies, and equipment required for the enrollment and attendance of the beneficiary at an eligible educational institution, and certain room and board expenses.