Sentences with phrase «buy life insurance policies on»
When a buy - sell agreement is funded with life insurance, the company or the individual co-owners buy life insurance policies on each other's lives.
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A very low level of importance and awareness is accorded by women to life insurance and as a result they do not buy life insurance policies on their own.
When using life insurance with a buy - sell agreement, either the company or the individual co-owners buy life insurance policies on the lives of each co-owner.
You can buy a life insurance policy on behalf of your spouse or partner.
A licensed life insurance agent can answer questions about buying a life insurance policy on behalf of your parents.
It's possible to buy a life insurance policy on your parents.
The answer is yes, you can buy a life insurance policy on behalf of one or both of your parents.
Having a conversation with your parents about buying a life insurance policy on their behalf can be a difficult one.
If you don't have a great relationship with your older brother and you are now concerned he may be able to buy a life insurance policy on you without you knowing — don't worry — to buy life insurance on someone else you need the proposed insured's consent.
In other words, no longer could the local baker buy a life insurance policy on a British congressman just because.
And you can't secretly buy a life insurance policy on someone else — at least not without committing forgery and risking jail time.
You can buy a life insurance policy on a family member, romantic partner or business partner, for instance.
A divorced parent in excellent health wants to buy a life insurance policy on himself but he is concerned that the ex-wife can not be trusted with money.
Key Person Life Insurance — Where a company buys a life insurance policy on key or vital employees integral to the maintenance and survival of the business.
I am not so sure that you will be able to buy a life insurance policy on your daughter due to insurable interest, but that doesn't mean that there isn't a solution.
Neither parent needs permission to buy a life insurance policy on the child.
Can I buy a life insurance policy on my 34 year old daughter?
You can not buy a life insurance policy on your daughter's father without his consent.
The solution is for you to have your sister buy a life insurance policy on herself with her as the beneficiary.
The best way to structure the policies is for each of you to buy a life insurance policy on yourself.
Most insurance agents and advisors can agree, though, on one point: Other, more critical financial matters should come first before you even think about buying a life insurance policy on a child.
If that option isn't feasible, your partner could buy a life insurance policy on him / herself and then make you the beneficiary of the contract.
And if you're a parent looking to buy a life insurance policy on your children, a children's term rider allows you to add term life insurance coverage on all your children - natural, adopted, and stepchildren.
If you don't have a great relationship with your older brother and you are now concerned he may be able to buy a life insurance policy on you without you knowing — don't worry — to buy life insurance on someone else you need the proposed insured's consent.
In other words, no longer could the local baker buy a life insurance policy on a British congressman just because.
For example, you bought a life insurance policy on 1st June, 2013 but later you think that the policy would have generated better returns if you had bought it in April 2013.
If you are a business owner and want to buy a life insurance policy on the key employee which will provide a death benefit until that employees retirement then Return of Premium Term might be a great option since you will just get all your money back if the loss of life didn't occur and your valuable employee retires.
Janet's mom bought a life insurance policy on her when she was 18 and heading off to college.
When you buy a life insurance policy on someone else there must be an insurable interest between you and the person being insured on the life insurance policy.
For instance, if a grandparent bought a life insurance policy on their adult child and the grandchild is the beneficiary, this could result in a tax for the policy owner, in this case, the grandparent.
It is an easier approval process to buy a life insurance policy on yourself and name your significant other a beneficiary than it is for your significant other to own a life insurance policy on you — and vice versa.
If you're buying a life insurance policy on your spouse or a business partner, the insurance company is going to require that the other person take a medical exam unless you have chosen to purchase a no exam life insurance plan, which will come with a higher premium rate.
For the greatest benefit, your heirs can use part of the gift to buy a life insurance policy on your life.
A licensed life insurance agent can answer questions about buying a life insurance policy on behalf of your parents.
In order to buy a life insurance policy on someone, insurance companies require consent (signatures).
Having a conversation with your parents about buying a life insurance policy on their behalf can be a difficult one.
The answer is yes, you can buy a life insurance policy on behalf of one or both of your parents.
Any well thinking home maker knows that buying a life insurance policy on his or her life is one of those things that is simply... the intelligent thing to do.
That lump sum will be tax free if you buy the life insurance policy on your own and pay the premiums with after - tax dollars.
There are anecdotes of people buying life insurance policies on elderly acquaintances strictly with the expectation of that person's imminent death.
Many parents buy a life insurance policy on their teenage child when the child starts college with a loan from the parents.
Anyone can buy a life insurance policy on anyone, but the insurancecompany may request a medical examination of the person.
Yes, your mother can buy a life insurance policy on you because shehas an insurable interest in you.
Key person life insurance is an arrangement by which a business buys a life insurance policy on the life of a key employee.
How to Buy a Life Insurance Policy on Someone Else?
With a cross-purchase buy sell - agreement, two business partners buy a life insurance policy on each other.
Not exact matches
Now on the flipside of buying life insurance is the notion of investors buying the policies of the insured which is called life settlement investing.
«You would never want someone of very modest income to buy a permanent life insurance policy that they couldn't afford on an ongoing basis.
On another note, why buy life, medical and travel insurance policies?
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