Sentences with phrase «beneficiary of the insurance policy»

If that's what you really want, you should make your estate — not your daughter — the beneficiary of your insurance policies.

Successfully argued in the Supreme Court of Canada, leading to the groundbreaking decision that the rights of innocent beneficiaries of insurance policies should stand even when the deceased has died in the course of committing a crime (Oldfield vs. Transamerica)

If a trust is named as owner or beneficiary of the insurance policy, please complete the form called Certification and Acknowledgement of Trust Agreement for Death Claim Settlement.

Most visitors insurance plans don't want a minor — that is, a person under the age of 18 — named as the beneficiary of any insurance policy.

She can name the beneficiary of the insurance policy as herself and name you the beneficiary of those assets in her will.

If you've been unable, for example, to be the philanthropist you wished, you can name an institution, a group or a school as a beneficiary of your insurance policy (see Life insurance can be a charitable gift worth giving).

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

When you set up a trust, the trust becomes the owner and the beneficiary of the insurance policy.

The beneficiary of the insurance policy must obtain a certified copy of the death certificate.

You agree to pay the insurance company «premiums» on a regular basis (usually monthly) and in return, the insurance company agrees to pay the death benefit to the beneficiary of your insurance policy upon your death.

According to the federal law, any surety company has no right to change the beneficiary of an insurance policy unless otherwise instructed by the insured and under exceptional conditions.

You may select any person or entity to be a Beneficiary of your insurance policy's benefit amount, in the event of your death.

If you purchase a life insurance on your former husband, you just need to make sure that you will be named the owner and the beneficiary of the insurance policy.

The insurance company pays a specified amount of money / death benefit to the beneficiary of the insurance policy owner upon his death, as stated earlier in the policy agreement.

The primary beneficiary of an insurance policy is the person or organization that is entitled to receive the benefits of the policy before anyone else.

Irrevocable Beneficiary — A beneficiary of an insurance policy that can not be charged without consent.

If you purchase life insurance on your parent you can name yourself as the beneficiary of the insurance policy.

Not exact matches

Actions that are considered Centennial Planned Gifts include making estate plans through a will or a living trust; creating a charitable remainder trust and naming the Business School as the remainder beneficiary; entering into a charitable gift annuity agreement with the School; naming Columbia as the beneficiary of a life insurance policy or retirement plan; or establishing a donor - advised fund at Columbia.

You have certain types of income (such as business or farm self - employment income; unreported tips; dividends on insurance policies that exceed the total of all net premiums you paid for the contract; or income received as a partner, a shareholder in an S corporation, or a beneficiary of an estate or trust)

Some 70 % of shares in U.S. - listed companies today are held by mutual funds, pension funds, insurance companies, sovereign funds, and other institutional investors, which manage them on behalf of beneficiaries such as households, pensioners, policy holders, and governments.

If you die during the grace period, your beneficiary will receive the full value of the death proceeds of your life insurance policy minus any premium that is owed to your life insurance company.

There are two ways to gift life insurance: You may name the Fraser Institute Foundation as either the owner, or as the beneficiary, of a policy.

This means that if you die due to an accident while covered under a life insurance policy with an AD&D rider, your beneficiaries could receive up to twice your face amount — one payout equal to your face amount from the life insurance half of the policy, and another payout from the AD&D rider.

Acquiring an appropriate amount of life insurance coverage, properly structuring ownership and beneficiary designations, and aligning the type of life insurance policy with the terms of the buy - sell agreement are critical to implementing a successful funding strategy.

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

With term and permanent life insurance, you make premium payments so that in the event of your passing, your loved ones and beneficiaries will receive the death benefit proceeds from the policy.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

Realizing that such an award would be rejected out of hand by a judge, Sparks moderated her demand, and Payton agreed to contribute $ 5,550 a month in child support, establish a $ 175,000 college trust fund and purchase a $ 1 million life insurance policy naming the child as beneficiary.

Dr. O'Neill, director of Employment and Disability Research at Kessler Foundation, is the primary author of, «Return to work of disability insurance beneficiaries who do and do not access state vocational rehabilitation agency services,» published in the Journal of Disability Policy Studies.

Actually, the plot is a lot more convoluted than that; it involves a trio of corrupt detectives (Bill Paxton, Shea Whigham, Mike Epps), Nick's ex-wife's alcoholism, a life insurance policy that names Cate as the sole beneficiary, a drug kingpin (Jordi Mollà) out to avenge the death of his son, and plenty of clunky voice - over.

If you're the beneficiary of a life insurance policy, you should speak with a certified financial planner who should be able to help you determine whether you'd benefit from converting the life insurance death benefit into an annuity.

Will you beneficiaries have the safety net of cash promised by the term life insurance policy you just purchased?

Typically, any person or entity can be named a beneficiary of a trust, will or life insurance policy, and the one distributing the funds, or the benefactor, can put various stipulations on the disbursement of funds, such as the beneficiary attaining a certain age or being married.

To assign a new beneficiary to your life insurance policy, all you have to do is contact your insurer and receive the proper «change of beneficiary» paperwork.

Although the contingent beneficiary is named in the life insurance policy, he or she won't receive a portion of the death benefit if any of the primary beneficiaries are still alive.

Term life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the policy.

If you die as the direct result of a vehicular, air, or sea accident that you did not deliberately cause, your insurer will pay your beneficiary the accidental death benefit, which is normally twice the value of your insurance policy's face value.

It's always best to seek the advice of your financial advisor, tax advisor or your insurance agent when you are buying a life insurance policy, naming your beneficiaries, and making any changes to your policy, as to whether those choices may result in tax consequences.

Charity as beneficiary: Similar to leaving a bequest through a will is naming the charity as the beneficiary of your life insurance policy directly on an application.

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

Life insurance policies have a variety of tax benefits, such as the death benefit paid to beneficiaries being free of income tax.

Consider naming the person who would be responsible to pay off your loans in the event of your death (i.e. co-signer, spouse, etc) as the beneficiary of the policy so that they can receive the cash directly from the insurance company.

They are beneficiaries of his life insurance policy.

The importance of a life insurance policy is that it helps provide for the financial stability of your beneficiaries if you pass away.

Protect the beneficiaries of your life insurance policy by making it exempt from your taxable estate.

Payment for the face value of the insurance policy or death benefits, which your beneficiary or beneficiaries will receive after you pass away

Include the death benefit and cash surrender value — if any — of each policy, as well as the names of the insurance companies and the beneficiaries.

Although the death benefit of a term life insurance policy can be used any way the beneficiary chooses, the funds are commonly used for:

Term life insurance pays a death benefit to the policy beneficiary if the policyholder dies within the term of the policy.

Term life insurance policies are temporary and only pay out a death benefit to the beneficiary if the policyholder dies within the term of the policy.