Sentences with phrase «by beneficiaries»

«The tokens can only be redeemed by beneficiaries, who are issued with a unique key that unlocks the tokens from their wallet, thereby eliminating the loss of funds through corruption and fraud.

And lastly, if you live very long there is a good chance of paying in much more than the benefit that would be received by your beneficiaries.

This may be a great option for a lot of people as most term policies never get collected on by the beneficiaries.

The next option entails using the cash value in payment for the face amount value which is seldom encouraged because it will lead to less or almost no amount received by the beneficiaries.

Also, when considering «final costs» that may be incurred by your beneficiaries, be sure to consider all federal and state taxes that may be due immediately upon your death.

The money must be claimed by your beneficiaries.

CGHS is financed via two modes, first being the Centre's tax revenues and second is the share of wages contributed by the beneficiaries.

The death benefit of a whole life insurance policy can be received tax free by the beneficiaries, and for this reason whole life insurance is used for estate planning purposes as well as providing income for beneficiaries after the insured passes away.

Furthermore, a discrepancy in your application can cause an insurance company to deny future claims submitted by your beneficiaries.

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.

Unlike some mortgage life insurance policies, a term life insurance policy can be used by your beneficiaries however they wish — whether to pay off the home loan or for other purposes.

The claim / maturity amount received by the beneficiaries or bonus in the hands of the policyholder is tax - free under Section 10 (10D) of the Income Tax Act.

Some people choose to put away a nest egg, which can be accessed by beneficiaries if they were to pass away.

At passing, all proceeds from a life policy can be withdrawn tax free by your beneficiaries — including the gains.

This policy can be used for any purpose by your beneficiaries.

Also, the government deems any claim amount availed by the beneficiaries or a bonus of the policyholders as tax free under the Section 10 (10D) of the Income Tax Act.

One such benefit is the fact that life insurance proceeds are received income tax free by beneficiaries (although such proceeds may be subject to estate taxation).

2 Although proceeds of life insurance are generally received income - tax - free by beneficiaries, estate and local taxes may apply.

The benefits that the burial insurance offers can be used by the beneficiaries after a claim is filed.

«Life insurance is frequently used to cover debts and protect the estate assets in case of death, sometimes even paid for by the beneficiaries to help manage the cash flow of the insured,» says Minor.

To avoid estate taxes, some policies are owned by the beneficiaries or an irrevocable life insurance trust.

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.

By contrast, the government will typically tax most retirement plan proceeds when taken by beneficiaries.

It's important to note that the death benefit can be used by beneficiaries in any way they choose.

Typically, these funds are used to cover funeral expenses, debts, mortgage or replace lost income of the insured party; however, the death benefit can be used by beneficiaries in any way they choose.

The proceeds that are received by the beneficiaries of a life insurance policy are able to receive the funds free of income taxation.

(Millions of death benefits also go unclaimed by beneficiaries, but lost life insurance is a whole other topic for another day.)

Because life insurance policies are paid with after - tax dollars, the life insurance proceeds are not taxable when received by beneficiaries of business owners or employees.

Loans taken against the policy are not taxed, nor is the death benefit taxed when received by your beneficiaries.

Movement from the direct language of actions «to recover», to the generalised terminology of actions «in respect of personal estate» made the section apt to catch claims between beneficiaries or by beneficiaries against third parties, as well as claims against personal representatives for unpaid legacies or entitlements.

In short, the limitation period for claims by beneficiaries against personal representatives had varied over time, depending on what was being sued for, and when.

This was an application by beneficiaries of a Bahamian trust for information under the Data Protection Act, aimed at requiring the trustees» solicitors to provide material for use in a dispute against the trustees.

(3) An application made by the beneficiaries who make claims adverse to other beneficiaries.

Providing advice to both lay and professional trustees in avoiding and defending claims by beneficiaries and third parties.

This includes providing advice to lay and professional trustees in avoiding and defending claims by beneficiaries and third parties, advising corporate trustees and trust managers on potential claims and bringing and defending claims under the Inheritance (Provision for Family and Dependants) Act 1975.

(iii) an application made by the beneficiaries who make claims adverse to other beneficiaries.

(ii) an application made by the beneficiaries as a result of difficulty of construction or administration of the trust which would have justified an application by the trustees.

The Court expressly recognised that the application of this principle leads to the establishment of a clear distinction between beneficiaries of policies and the rest of the Member States, which should accept the responsibility of sharing the burden carried by the beneficiaries even if that sharing is not compatible with their national interests (para. 293 of the Judgment).

But overall there are initial costs that fall in relative terms the more Golden Rice is grown and consumed, i.e., each successive year in which Golden Rice is eaten by its beneficiaries, and each additional region where it is grown will help «cut» the initial costs.

So highly appreciated assets with large unrealized capital gains that are transferred at death can be sold by the beneficiaries shortly afterwards with minimal income tax impact.

The death benefit from a permanent life insurance policy received by the beneficiaries is generally income tax - free.

Avoiding probate can help reduce the expenses of your estate while maximizing the inheritance received by your beneficiaries.

Death benefits are generally received income tax - free by your beneficiaries.

While paid - up additions increase the death benefit received by your beneficiaries, they are often used primarily to increase a policy's cash value.

The death benefit of an exempt life insurance policy is received tax - free by the beneficiaries.

In an email, Service Canada said that in 2017, the maximum survivor's pension that can be received by beneficiaries over age 65 is $ 658.50 per month, although the average pension received by new beneficiaries in this age range was just $ 315.77 as of March 2017.

And I don't think that's widely known by beneficiaries of the plans or taxpayers.

Conclusions are drawn from a comprehensive analysis of all documents and the impact is categorized by beneficiaries.

«It is our hope that this gesture by his Excellency will be reciprocated by the beneficiaries by ensuring they are of good conduct when they are released, and become useful to themselves and the society at large,» the Attorney General added.

Others say that richer countries may lack insight into the needs of recipients or that aid can be misused by beneficiaries.