Sentences with phrase «beneficiary sees fit»

Therefore, the entire amount of the death benefit that is received can be used for whatever the beneficiary sees fit.

However, you can get coverage that is above what the funeral expenses will cost and the excess can be used as the beneficiary sees fit.

This payout can be used in any way the beneficiary sees fit, but is commonly used to:

While burial insurance may be purchased for the purpose of paying for funeral costs, the proceeds can still be used for paying any expenses that the beneficiary sees fit.

Final expense insurance is distinct from similar - sounding products, like funeral insurance, in that the death benefit can be used however your beneficiary sees fit.

Not exact matches

Your beneficiaries can use the funds as they see fit, including paying for final expenses.

Given this, we would recommend your beneficiary take a check so they can manage the money as they best see fit.

However, beneficiaries may use the death benefit however they see fit.

In the event of death, your beneficiary can choose to spend the benefit however he or she sees fit.

In the event of your passing, life insurance provides money directly to the individuals you select, your beneficiaries, who can use the money as they see fit, including:

We would like to see a chart of the major beneficiaries of the FIT program in Ontario.

In the event of death, your beneficiary can choose to spend the benefit however he or she sees fit.

These enable beneficiaries to exercise complete control over their funds, drawing upon their accounts as much or as little as they see fit.

Beneficiaries can use this payment as they see fit.

As with other types of life insurance, the proceeds that are received via a final expense policy can be obtained free of income taxation by the beneficiary — and they can be used for any need that they see fit.

Your beneficiaries can use the funds as they see fit, including paying for final expenses.

In the event of your passing, life insurance provides money directly to the individuals you select, your beneficiaries, who can use the money as they see fit, including:

One reason is the proceeds that are received from a life insurance policy are received free of income tax by the beneficiary (or beneficiaries), and the money may be used for any need that he or she sees fit.

The funds from life insurance are received income tax free by beneficiaries, and the funds can be used for mostly any need that the individual (s) sees fit, such as the payoff of massive debts (including a mortgage balance), the payment of everyday living expenses, and / or to ensure that a child or a grandchild will have the money they need for their future college education.

The proceeds that are received from life insurance coverage can be used by the beneficiary (or the beneficiaries) for just about any need that he or she sees fit.

And, you can leave the death benefit to your beneficiary (spouse, children, family members, etc.) to use the money as they see fit — which may include to pay off the outstanding balance owed on your home mortgage loan.

Answer: The moment a burial insurance policy holder passes away; their beneficiaries may use the funds in any way they see fit.

The amount paid out to beneficiaries can generally be used however they see fit.

Given this, we would recommend your beneficiary take a check so they can manage the money as they best see fit.

Term Life is generally used to provide your beneficiaries with a certain amount of money, determined by you, to be used by your beneficiaries as they see fit upon your death.

You can list several on your policy, and either distribute the death benefit among them as you see fit or order them like pageant contestants, with one «winner» and then a first runner up, second runner up, etc., so that if the first beneficiary is unable to receive the death benefit, there's someone else on the list.

Beneficiaries usually receive the proceeds from a life insurance plan free from federal income tax and can use the money as they see fit.

Beneficiaries are free to use the money in any way they see fit, from paying off or paying down the mortgage to covering the cost of college for the kids.

Your beneficiary can use the proceeds from your insurance for anything they choose — they can spend the money as they see fit.

The proceeds are paid out free from federal income tax, and the beneficiary can use the money as they see fit, for any purpose they wish.

The beneficiary can choose to use the proceeds from your life insurance as they see fit.