Sentences with phrase «benefit during your lifetime»

If you wish to use GST planning for your children so that your assets can benefit them during their lifetimes and then pass to your grandchildren without incurring estate tax at that time, you must preserve the GST exemption.

If the insured person is diagnosed with disease that limits his life expectancy to a year or less, in other words if he has a terminal illness, he can receive some of the life insurance benefit during his lifetime.

But when you have a dividend paying component to an insurance policy, it has the dimension of direct benefits during your lifetime.

With this option, you elect to receive a lower monthly benefit during your lifetime so that your survivor can receive a monthly benefit after your death.

Provide a lasting gift to help animals in need and earn tax benefits during your lifetime or for your estate and heirs.

There may well be a small number of people who will benefit during their lifetimes from warmer temperatures and a changed climate, but that is dwarfed by the number of people who will suffer by losing their property, their livelihoods, their health, and their lives due to climate change.

However, the Transamerica Trendsetter LB policy would cost $ 542 / year and would offer, in addition to $ 100,000 in death benefits, full access to her death benefits during her lifetime.

Permanent insurance that offers benefits during your lifetime, universal life insurance provides the flexibility, cash value accumulation, and options you may want in a life insurance ¹ policy.

Some life insurance companies have made it possible to collect an accelerated death benefit during your lifetime if such a condition should arise.

But when you have a dividend paying component to an insurance policy, it has the dimension of direct benefits during your lifetime.

With a living trust, your assets are managed for your benefit during your lifetime and then transferred to your beneficiaries when you die without court supervision.

Not exact matches

In other words, if the average earnings during your lifetime were $ 40,000, your annual CPP benefit would be around $ 10,000.

In honor of World Book Day, and in response to a challenge from an admirer, Branson took to his blog to list 65 titles he thinks everyone could benefit from reading during their lifetime.

In addition to helping you save for retirement, the Vanguard Variable Annuity also can provide you with dependable cash flow during retirement if you choose the Guaranteed Lifetime Withdrawal Benefit rider.

Roth IRAs have several benefits, including the potential for tax - free withdrawals, * and no required minimum distributions during the lifetime of the original account owner.

Permanent insurance, which includes whole life and universal insurance policies, is for life: It provides a death benefit for as long as you pay the premium, but also may include cash value that can be accessed during the insured person's lifetime.1

This strategy is appropriate if you want to maintain access to the policy's cash surrender value during your lifetime but want to leave the death benefit proceeds to charity.

If you end up getting divorced during your lifetime, you are eligible to receive Social Security retirement benefits based on your ex-spouse's earnings history, said David Freitag, a financial planning consultant with MassMutual.

Yet because of the uniformity of contemporary culture by which all of us are shaped, we can make some suggestions that are likely to benefit most of us at one time or another during our lifetime.

So, in the event of if you were to become incapacitated during your lifetime, the Successor Trustee can step in and administer the assets for your benefit, and make sure they are available for your support.

CSEA argued that the intent of the omission was to create a vested lifetime benefit for workers who retired during the terms of those agreements.

After her husband's death, Martin was eligible for his Firemen's Pension Fund benefit from the City of Buffalo during her lifetime.

Thus, during their years of teaching, future superintendents pay into the system a percentage of their teaching salaries, but their benefits years later, after the promotions, are determined entirely by the highest three years of pay, not by lifetime contributions.

Defined benefit plans provide retirees with a guaranteed lifetime benefit, the annual value of which is typically based on number of years of service and average salary during the final years of their careers.

During Jefferson's lifetime, few of his proposals for education were actually adopted, but his ideals of universal education, intellectual freedom and the benefit of an enlightened citizenry reverberate into today's discussions of education.

In either of these cases, provincial legislation protects the entire policy — including the death benefit and cash value — from the claims of creditors of the policy owner during his lifetime and after death.

Learning to properly use and manage a student credit card will have lasting benefits for you during the college years and for a lifetime.

When you decide to retire on Social Security benefits alone, you are betting that the program won't experience any cuts or be eliminated altogether during your lifetime.

Cash value life insurance is more applicable to wealth building discussions because cash value is typically used during the policy owner's lifetime and is forfeited upon death in lieu of the death benefit being paid to surviving beneficiaries.

I do acknowledge the RRIF would provide a bigger death benefit, at least until the RRIF assets run out, but most retirees should be looking for what gives them the best deal during their lifetime, not what happens after death.

Another benefit of using a Credit Shelter Trust is that your surviving spouse retains the right to receive income from the trust during her lifetime, and can also access funds from it for health, education, maintenance and support reasons.

Benefit Payment Amount - Your benefit payment is based on how much you earned during your working career, so higher lifetime earnings result in higher beBenefit Payment Amount - Your benefit payment is based on how much you earned during your working career, so higher lifetime earnings result in higher bebenefit payment is based on how much you earned during your working career, so higher lifetime earnings result in higher benefits.

For example, while whole life policies do provide a guaranteed death benefit, they also generally accumulate significant cash value that can be accessed during the insured's lifetime.

If you end up getting divorced during your lifetime, you are eligible to receive Social Security retirement benefits based on your ex-spouse's earnings history, said David Freitag, a financial planning consultant with MassMutual.

Eventually, when you withdraw the money to pay for your children's education, the income all those investments has generated won't get taxed, either — a tremendous benefit for any family that has been prudently saving during their children's lifetime.

That kind of benefit is actually a death benefit, which is to say that it has no benefit whatsoever to you during the course of your lifetime.

Roth IRAs have several benefits, including the potential for tax - free withdrawals, * and no required minimum distributions during the lifetime of the original account owner.

So it was that the first Social Security recipient, Ida May Fuller, was able to collect $ 22,888.92 in lifetime benefits after paying a mere $ 24.75 into the system during her working years.

The «contribution» is tax deductible and can be made during your lifetime so you can use the tax benefit now.

Your attorney can guide you in selecting an estate gift that will maximize your tax benefits and may even be able to provide you with income during your lifetime.

Although no monetary grants were made during the artist's lifetime, the donation of prints and posters designed by the artist have benefited the social and political causes that were most important to him.

American Rivers benefits from the stream of reliable, steady gifts from the lead trust, and you're able to witness the good work your contribution makes possible during your lifetime.

That kind of people assumes, just as did centuries ago Madame de Pompadour and King Louis XV that the benefits still will hold during their lifetime and the problems will be the preoccupations of future generations.

If you own a typical permanent life insurance policy (lifetime coverage) and did a straight present value calculation of the premiums you can expect to pay during your lifetime, the total will be less than the death benefit.

While inter vivos trusts created during an individual's lifetime have always been taxed at the highest rate, testamentary or will trusts have benefited from a tax advantage.

All policy types have a stated death benefit that is paid upon the death of the insured person and permanent life insurance also has a cash value which can be used during the person's lifetime.

If you become chronically, critically, severely or terminally ill or severely cognitively impaired during your lifetime, your benefits become available for use in:

By making the organization the beneficiary of your life insurance policy, the entity will benefit in ways that you may not have been able to make possible through the donation of funds during your lifetime.

Policy Lifetime Maximum Benefit The maximum dollar amount of benefits to be paid during the lifetime of the Long - Term Care InsuranceLifetime Maximum Benefit The maximum dollar amount of benefits to be paid during the lifetime of the Long - Term Care Insurancelifetime of the Long - Term Care Insurance policy.

This additional premium adds wonderful, wide - ranging living benefits, so if you become chronically, critically, severely cognitively or terminally ill during your lifetime, your benefits become available for use in a nursing care facility, adult day care facility, or in your home.