Sentences with phrase «beneficiary someone choose»

Unless beneficiaries choose to sit on it.

To get help with some of these costs, millions of Medicare beneficiaries choose to buy a Medicare Supplement Insurance plan.

Medicare Dental coverage is very limited, most Medicare supplemental plans have little or no dental coverage, and as such, many senior Medicare beneficiaries choose to buy a personal dental plan.

We recommend term life insurance over mortgage life insurance if you're in good health because you'll get cheaper quotes and the death benefit goes to the beneficiary you choose.

However, this means that if something happens down the line that causes the owner of a policy to not want their initial beneficiary to receive their death benefit (such as divorce), it'll still go to the beneficiary they chose during their application.

If your beneficiary chooses to receive the death benefit as an annuity, that means he or she wants to divide up the payments across a number of years of his or her choosing.

Life insurance policies need to be reviewed regularly to make sure that the beneficiary you chose some time ago is still the right choice today.

We recommend term life insurance over mortgage life insurance if you're in good health because you'll get cheaper quotes and the death benefit goes to the beneficiary you choose.

If no beneficiary chooses to pursue higher education, you may be able to transfer up to $ 50,000 tax - free from the RESP to your RRSP subject to these special conditions:

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

Note: For each beneficiary you choose, you will need to supply their name, social security number, and date of birth as well.

If the beneficiary chooses to stretch out the payments over their lifetime and they essentially annuitizing the deferred annuity?

Regardless of how the beneficiary chooses to use the money, education or otherwise, they will be subject to income tax.

Common objectives for trusts are to ensure property passes to beneficiaries you choose, reduce the estate tax liability, protect property, and to avoid probate.

There are also no restrictions to how the beneficiary chooses to use the money, so there's no guarantee that the funds will be used for a college education.

For example, if your beneficiary chooses the fixed - amount option, your beneficiary might elect to receive $ 250 per month for the first five years, and then $ 500 per month until the proceeds are depleted.

If you chose a benefit form that provides survivor benefits for the life of your beneficiary (such as a joint - and - survivor annuity) we will pay these benefits only to the beneficiary you chose when you retired.

However, this means that if something happens down the line that causes the owner of a policy to not want their initial beneficiary to receive their death benefit (such as divorce), it'll still go to the beneficiary they chose during their application.

The proceeds, which are payable to your beneficiaries, are non-taxable and can be used in any manner your beneficiaries choose.

Term life insurance will pay the benefit to the beneficiary you choose (e.g., your spouse).

If your beneficiary chooses to receive the death benefit as an annuity, that means he or she wants to divide up the payments across a number of years of his or her choosing.

This means that if something happens down the line that causes the owner of a policy to not want their initial beneficiary to receive their death benefit, it'll still go to the beneficiary they chose during their application unless they take action to edit the policy.

The first, and most common, time life insurance is taxable is if your beneficiaries choose regular payments of the benefit over a lump sum.

If you pass away during that 20 - year period, your family (beneficiary you choose) receives the $ 250,000 death benefit tax - free.

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

Choose your beneficiary: In the event of the policyholder's death, all funds from the insurance coverage go directly to the beneficiary chosen to do with as they choose.

Any amount invested in this policy is payable to the beneficiaries chosen right at the beginning.

For example, if a beneficiary chose to receive interest income from a $ 1,000,000 policy, and we assume that the interest rate stays at a clean 2 %, they would receive $ 20,000 annually until their death, minus income taxes.

The money is left to the beneficiary, and the beneficiary chooses how to use the funds.

Whole life insurance policies can be used any way the beneficiary chooses.

And, if the insured person dies while insured by the policy, the insurance company pays out a death benefit to the beneficiary chosen by the insured.

Term life pays a death benefit to any beneficiaries you choose, such as your spouse, if you die within the policy's term.

With a mortgage life insurance plan your spouse or any beneficiary you choose will have the money needed to pay off the outstanding mortgage on your house or condo.

If the beneficiary chooses to take the proceeds as a single lump sum, taxes are due on any portion that has yet to be taxed.

However, this means that if something happens down the line that causes the owner of a policy to not want their initial beneficiary to receive their death benefit (such as divorce), it'll still go to the beneficiary they chose during their application.

Should the beneficiary choose the specific income option, they will get an equal measure of income each year for a specific number of years up until all of the benefit proceeds have been paid out.

Virtually everyone knows that the death benefit in an insurance policy is meant for certain surviving loved ones and can be used however the beneficiary chooses.

They are: choosing a beneficiary choosing the type of policy best suited for your needs selecting the level of coverage

Then the death benefit can be used for whatever purpose the beneficiary chooses.

Some life insurance policyholders and beneficiaries choose to structure their policy so that the payment is doled out to the beneficiary in annual or monthly installments rather than in a lump sum.

In case the pensioner dies before the completion of the policy tenure, the purchase price will be returned to the beneficiary chosen by her / him.

Suicide: In case the insured commits suicide within the first year of the iMaximize Single Premium plan, the policy will terminate immediately and the fund value till date will be paid out to the beneficiary chosen by the policyholder.

We recommend term life insurance over mortgage life insurance if you're in good health because you'll get cheaper quotes and the death benefit goes to the beneficiary you choose.

The payout from your life insurance will go directly to the beneficiary or beneficiaries you chose, avoiding any nasty legal battles between your surviving relatives.

Actually, the proceeds from your policy can be used for any purpose your beneficiaries choose.

The interest may occur because of a delay in filing a claim or because the beneficiary chose installment payments.

Actually, the proceeds from your life insurance policy can be used for any purpose your beneficiaries choose.

The beneficiaries you choose can use the proceeds from your term life insurance policy to pay for immediate expenses, such as:

For example, on a death benefit of $ 100,000, if your beneficiary chooses to take the death benefit in the form of monthly installments of $ 1,000 over a 10 year period instead of a lump sum, the amount above the $ 100,000 life insurance proceeds will be taxed.