Sentences with phrase «beneficiary of a specific amount»

Naming American Humane Association as a beneficiary of a specific amount from your estate is easy:

Not exact matches

Listing the Animal Welfare Society as a direct beneficiary of a set amount of money, a specific asset, or a percentage of your estate — no matter how big or how small — makes a tremendous impact.

For example, if your beneficiary (or beneficiaries) will need a certain amount to pay for final expenses or other specific debts, then it will be important to purchase at least that amount of coverage.

After a specific amount of time, that money can be used to pay premiums, used as a loan or as added death benefits for your beneficiaries.

For example, if the beneficiary of a $ 1,000,000 policy chose to receive specific income, they could ask to be paid $ 100,000 plus interest annually for 10 years, $ 50,000 plus interest annually for 20 years, or even an amount like $ 33,333 plus interest for 30 years.

By choosing Specific Income, a beneficiary can set a schedule for their payouts to be delivered annually as a set amount of extra income.

Endowment Insurance Endowment insurance provides for the payment of the face amount to your beneficiary if death occurs within a specific period of time such as twenty years; or, if at the end of the specific period you are still alive, for the payment of the face amount to you.

With interest only, the death benefit is held in a trust and only the interest is paid to beneficiaries for a specific amount of time.

With a fixed amount, a specific amount of money is paid out to beneficiaries at regular intervals until the benefit is completely gone.

This includes the necessary conditions to qualify as an accidental death and a valid claim, such as the specific cause of death and the time frame in which death occurs as a direct result of the accident; such restrictions as the age of the policyholder; and the amount of compensation that a beneficiary will receive.

Although most carriers offer all of the riders described above, many also offer other types of specialized riders that provide specific types of protection against various circumstances that can leave annuitants and beneficiaries with less than the amount of the original investment or the growth in the contract.

It's simple — You pay the insurance company a monthly or annual premium for a set amount of life insurance for a specific period of time, and the insurer agrees to pay out a death benefit to your beneficiary (you choose) upon your passing.

Life insurance refers to a contract between the insured and the insurer, where the latter agrees to pay a beneficiary a specific amount of money upon the death of the insured.