Sentences with phrase «beneficiary of the policy»

If an individual is named as beneficiary of a policy, while cheap to execute since a trust was not used, it could lead to some challenges.

This is the actual named beneficiary of the policy.

Only on death of the policyholder, a nominee or beneficiary of the policy receives the sum assured.

One should bear in mind the fact that the dependents of the policyholder will not be the sole beneficiaries of the policy if the policyholder should die unexpectedly before the loan is repaid.

The agreements are set up differently depending on the type of business and the ownership and beneficiaries of the policies also differ.

This lump - sum payment is known as a death benefit and is paid out to beneficiaries of the policy holder's choosing.

However, this is not the case when the policy owner, insured, and beneficiary of a policy consist of three separate individuals.

One way baby boomers are changing the life insurance industry is by making their grandchildren beneficiaries of their policies, to help pass on their prosperity to the youngest generation.

Anyone can add a charity as a 1 %, 100 %, or anywhere - in - between - percent beneficiary of their policy.

It's very common for married couples to purchase life insurance on one another or name each other as beneficiaries of their policies.

The purpose of life insurance is not to protect the insured, but rather the named beneficiaries of the policy.

However, this is not the case when the policy owner, insured, and beneficiary of a policy consist of three separate individuals.

The cash proceeds from an insurance policy on your life are paid to whomever you have designated as beneficiary of the policy in a form filed with the insurance company — no matter who the beneficiaries under your will may be.

For example, if the husband is required to pay support, he may also be required to obtain a life insurance policy and name his spouse as irrevocable beneficiary of the policy so that if he dies, the spouse will have sufficient funds for his or her support.

In particular, the question was where a support payor owns a life insurance policy and is required to name the support recipient as irrevocable beneficiary of the policy, what rights does the support recipient have to the policy proceeds in the face of a competing claim of another dependant of the deceased payor brought under the Succession Law Reform Act («SLRA»).

As the policyholder, you make the funeral home the primary beneficiary of your policy with any proceeds left over targeted for the next beneficiary on the policy.

I do a lot of work on behalf of beneficiaries of policies who, call it what it is, get screwed out of a death benefit by companies that have no business being in the business.

actually the main beneficiaries of this policy won't be the poor because they don't pay tax, but will instead be the middle class That's a contentious claim.

The top 10 best life insurance policies are true «life» insurance, since the first beneficiary of the policy is you — the insured — during your life, and not only after you have died.

In fact, arguably the real downside of a life settlement to a consumer is simply that the intended beneficiaries of the policy will no longer receive the policy benefits upon the passing of the insured.

How Long Does An Employer Or Insurance Company Have To Notify Beneficiaries Of A Policy?

Married couples typically will either name each other beneficiaries of their policies or own coverage on each other.

With a viatical settlement, a viatical settlement company buys your life insurance policy, gives you a percentage of the death benefit upfront, and then pays all the remaining premiums to become the sole beneficiary of your policy — receiving the full benefit when you die.

The investor will then be the new beneficiary of the policy which has the responsibility to pay the mandated premiums and is responsible to collect the value of the policy once the real owner of the policy dies.

3) The entire mandate by the state bothers me, in fact, because while I support the idea of shoring up the nutrition of low - income children (who as you point out are the likely beneficiaries of the policy), I DO N'T support the idea of intervening in what parents choose to feed their children.

Explaining his professed love for President Mahama — Mr Beautiful said he was drawn to the NDC because of the vision and policies for the arts and entertainment industry, and does not regret campaigning for the ruling party since he is a direct beneficiary of the policies being implemented by the Ministry of Tourism, Culture and Creative Arts.

The chief beneficiaries of policies that expand parental choice appear to be urban minority students — precisely the group that Coleman argued has the least choice in a public school system in which school assignment depends on where a family lives.

You can name Golden Retriever Rescue of the Rockies either as the sole beneficiary or a partial beneficiary of your policy.

The Court expressly recognised that the application of this principle leads to the establishment of a clear distinction between beneficiaries of policies and the rest of the Member States, which should accept the responsibility of sharing the burden carried by the beneficiaries even if that sharing is not compatible with their national interests (para. 293 of the Judgment).

But life insurance is an essential safeguard for young families as it provides for a monetary payout to beneficiaries of the policy in the event of the insured person's unexpected death.

Therefore, when determining how much a beneficiary will need, and barring any unforeseen circumstances, a policy with a face amount of $ 100,000 will actually pay out $ 100,000 to the named beneficiary of the policy.

This trust or adult custodian may then be named as beneficiary of the policy, recommends the AICPA.

As part of the deal, a key man life insurance policy was purchased for $ 1,000,000 by ABC on the life of John Smith, with ABC as the primary beneficiary of the policy.

The top 10 best life insurance policies are true «life» insurance, since the first beneficiary of the policy is you — the insured — during your life, and not only after you have died.

If you are able to locate an active life insurance policy owned by your late spouse or loved one that you stand to benefit from, you and any other beneficiaries of that policy can contact the company directly to make your life insurance claims.

Should you qualify, the Viatical company will make the monthly or weekly payouts and will be the sole beneficiary of the policy.

To avoid negative tax consequences, ask your CPA to help you decide whom you should name as the beneficiary of your policy.

General Dynamics is one of the beneficiaries of this policy.

Because you have chosen to name the Foundation as the beneficiary of a policy, there are no disputes about ownership of the policy proceeds.

Many of the beneficiaries of that policy happen to be high - profile members of the Akufo - Addo government.

They are beneficiaries of the policy that lifts the total burden of fees from parents.»

The logo for the Free SHS programme features two students celebrating because they are beneficiaries of the policy.

Vice President, Dr. Alhaji Mahamudu Bawumia made the announcement at the Tamale Senior High School (Tamasco) where he addressed school heads and beneficiaries of the policy.

Deadpool The expansion of the Best Picture category was designed as an effort to incorporate more populist favorites after The Dark Knight was edged out in 2008, and it looked like Ryan Reynolds» smart - ass superhero flick was going to be the beneficiary of that policy this year.

You can always change the beneficiary of the policy or even drop the policy later on if you so choose.