Sentences with phrase «benefits upon the death»

He said he would deliver cash to a trust for his wife's benefit upon his death, with instructions to put 10 % in bonds and 90 % in index funds, preferably from mutual - fund house Vanguard Group.

Then, they could extend the tax benefits upon your death using an Inherited IRA.

Simply put, second to die or survivorship life insurance differs from all the other types of life insurance because it insures the lives of two people AND only pays a death benefit upon the death of the last survivor.

It's perfectly legal that your uncle received a death benefit upon the deaths of his nephew and brother if he had policies insuring them.

You're entitled to go fishing (for eligibility requirements): A traditional fully underwritten whole life or universal life policy gives you coverage for life, pays out the insurance benefit upon your death and includes an investment component of accumulated cash value.

The cash value policy pays out a lump sum cash benefit upon the death of the insured for the benefit of the life insurance beneficiary.

Normally, your spouse or dependents will receive a Social Security death benefit upon your death, but if you opt - out, your family doesn't have this option.

Life insurance protection comes in many different forms, but the primary purpose of any policy is to provide a death benefit upon the death of the insured.

In exchange for this fixed premium, the insurance company promises to pay a set benefit upon your death.

Survivorship life insurance pays out a death benefit upon the death of the second spouse or business owner.

Additionally, these life insurance policies typically go up to $ 50,000 of coverage and provide immediate benefits upon death.

That way, your beneficiary will at least receive some benefit upon your death.

Most people are aware that life insurance companies usually pay out a lump sum death benefit upon the death of the insured.

A policy owner receives a cash payment, while the purchaser of the policy assumes all future premium payments and receives the death benefit upon the death of the insured.

Beneficiary The individual or entity designated to receive a life insurance or annuity death benefit upon the death of the insured or the annuitant.

The buyer pays all future premiums and receives the death benefit upon the death of the insured.

A policy under which the insurance company promises to pay a death benefit upon the death of the person insured.

When buying life insurance, you designate who or what should receive the related benefits upon your death; those that you name are the beneficiaries.

It's perfectly legal that your uncle received a death benefit upon the deaths of his nephew and brother if he had policies insuring them.

A beneficiary is a person or entity entitles to receive claim amount and other benefits upon the death of the policyholder.

As with other permanent life policies, universal life provides a financial benefit upon your death with the potential to build cash value over time.

While mortgage life insurance works in much the same manner as a regular life insurance policy does, with the payout of death benefits upon death of an insured, in many instances, these types of policies will only require a minimal amount of underwriting for approval.

Their term life provides protection for a certain amount of time plus a cash benefit upon death while their permanent life insurance package provides long - term protection but a higher initial premium.

A life insurance beneficiary is the person who will receive the policy benefits upon the death of the insured.

Term life insurance policies provide a stated benefit upon the death of the policy owner, provided that the death occurs within a specific time period.

The trust controls the payout of your life insurance benefits upon your death as dictated by the terms you initially agreed upon.

The buyer of the policy pays all future premium payments and receives the death benefit upon the death of the insured (when the policy matures).

Life insurance protection comes in many different forms, but the primary purpose of any policy is to provide a death benefit upon the death of the insured.

First introduced in 1997, indexed universal life combines a savings vehicle with a traditional policy that pays a benefit upon your death.

A type of Universal or Whole Life coverage, these policies pay a death benefit upon the death of the second of two insured people.

When a consumer sells a policy in a «life settlement» transaction, the policy owner receives a cash payment and the purchaser of the policy assumes all future premium payments — then receives the death benefit upon the death of the insured.

The Survivorship GIUL offers survivorship life insurance protection of married couples or business partners that pays out the death benefit upon the death of the second spouse or partner.

In this scenario, Joe is taking $ 319 less a month so his spouse will continue to have a substantial benefit upon his death.

And, the beneficiary is the one who receives the death benefit upon the death of the insured.

It can be a very important part of financial planning because it pays monetary benefits upon the death of the insured covered in the policy.

Your primary beneficiary is the person or entity you select that is entitled to the policy's benefit upon your death.

It only pays benefits upon the death of the policyholder.

In a life settlement, a policy owner receives a cash payment, while the purchaser of the policy assumes all future premium payments and receives the death benefit upon the death of the insured.

Whole life insurance also pays out a death benefit upon the death of the insured person.

A stream of income even when you are not there extra life income option in addition to the steady income provided by the income option an additional lump sum and income benefit upon death due to the accident is provided in this plan.

A life insurance policy is a contract between the owner of the policy and the insurance company which promises to pay a stated death benefit upon the death of the insured person, as long as the death occurs during the period of time covered by the policy.

The agreement provides that in return for timely premium payments to the insurance company, the company will provide a specified death benefit upon death of an insured.

It offers a death benefit upon the death of the second insured and cash accumulation, which can provide a source of funds if needed.

You pay a premium for a certain amount of «death benefits» (lets say $ 1 Million dollars for example) that will be returned to your «beneficiaries» (those whom you choose to receive your benefits upon your death) for insurance coverage you place on your life.

Simply put, second to die or survivorship life insurance differs from all the other types of life insurance because it insures the lives of two people AND only pays a death benefit upon the death of the last survivor.

The second person named to receive benefits upon the death of an insured if the first - named beneficiary is not alive or does not collect all the benefits before his or her own death.

An agreement that guarantees the payment of a stated amount of monetary benefits upon the death of the insured, or under other circumstances specified in the contract, such as total disability.

Beneficiary — An individual (s) or entity (s) named in the policy as a recipient of the policy benefits upon the death of the insured.

Yes, you can choose anyone you wish to be the beneficiary of your life insurance policy, and receive the death benefit upon your death.

Beneficiary: An individual, company, organization, or other entity named in a trust, life insurance policy, annuity, will, mortgage loan or other agreement who receives a financial benefit upon the death of the principal.