Sentences with phrase «cash upon death»

All types of life insurance policies can provide tax - free cash upon death.

In the end, funeral insurance for seniors is a form of life insurance which means they payout cold hard cash upon death.

Not exact matches

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.

If a man comes to me and says Jesus heal my children for they suffer greatly and are near deaths door I say unto to him If you do nt have an insurance card you must pay in cash before I will lay hands upon you or your children for God does not care for the lazy poor» Sanctimonious 1:1

A frenzied and narratively muddled cash - grab that disimproves upon its predecessor in every imaginable way, this uninspired effort may represent the theatrical release death knell for the franchise.

They're offered extra pay to stay behind and give their dying comrade a proper burial upon his all but inevitable death, and while Fitzgerald hasn't got an ounce of compassion in him, he needs the cash considering they were forced to abandon their precious pelts in the escape from the Arikara.

Whole life insurance (cash value life insurance) offers a permanent accruing death benefit as well as accruing cash value within the policy over the life of the policy holder based upon mortality tables.

Cash value life insurance refers to a type of life insurance that, in addition to paying out a death benefit to your beneficiary or beneficiaries upon your death, accumulates cash value inside the policy while you are alive, that you can use for whatever you pleCash value life insurance refers to a type of life insurance that, in addition to paying out a death benefit to your beneficiary or beneficiaries upon your death, accumulates cash value inside the policy while you are alive, that you can use for whatever you plecash value inside the policy while you are alive, that you can use for whatever you please.

Upon your death, loved ones receive income tax - free death benefits, and, while living, you have options for accessing the cash values.

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.

«If your parents don't have the cash flow to pay you back, set it up so it's repaid from the estate upon their death.»

Whole Life Insurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death benefit.

If the TFSA has only a beneficiary designated, the funds will be paid, upon your death, in cash to the beneficiary.

If cash value life insurance is being used, the cash value can be used to repay the loan depending upon the type of policy as can a portion of the death benefit.

IncentiveLife Legacy ® III is a flexible premium variable universal life insurance policy designed to provide cash to your beneficiaries upon your death so that they may use it to help preserve their quality of life.

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 beneficiarCash 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 beneficiarcash 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.

By growing your cash value and death benefit you will be maximizing your legacy because your policy will pay an ever increasing death benefit to your future heirs upon your passing, unlike term life that will most likely expire worthless.

The death benefit of a life insurance policy is the amount paid out upon the death of the insured, while cash value refers to the amount of funds in a permanent life insurance policy's cash account.

The insurance is payable upon death, and the cash value is available to the policyholder to withdraw or borrow against.

Life insurance pays a lump sum of cash (called a «death benefit») to the beneficiary upon the policyholder's death.

With the cash refund payout option (also known as the death benefit), you are guaranteed that any principal (premium paid into the contract) not yet returned through income payments will be returned to your beneficiary upon your passing.

Upon your death, all your family may need is the readily available cash to pay for funeral, burial, and estate taxes - immediate expenses that could be covered by final expense life insurance.

In return for these premiums, the insurance company will provide a death benefit to a named beneficiary upon proof of the insured's death and a policy cash value.

Upon death, not only will your family benefit from the countless cash flow assets you have created during your life, but your family will receive a death benefit that truly represents your human life value.

Life insurance provides a tax - free cash payment to your named beneficiaries (such as your spouse or children) upon your death.

A Comparison Can Be Drawn Between the Assets of Real Estate and Cash Value Life Insurance Because, In Some Key Ways, They Are Similar Investments, and Who Holds The Title to These Assets, Both During Your Life and Upon Your Death, Will Impact Your Overall Estate Plan.

Having available cash on hand upon the death of a spouse, business partner or parent is so valuable it can not be understated how much this benefit can protect an estate.

Remember, if you decide that selling a life insurance policy is a good idea for you, the influx of cash you will receive is only a fraction of the face value of the policy and the amount that your beneficiaries would receive upon your death.

And those with a cash refund would return residual funds to the policy beneficiaries upon death.

Unlike cash donations, such gifts are typically made from assets in your estate rather than disposable income, coming to fruition upon your death.

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.

Upon the death of the insured, the insurance company pays a death benefit that is partly insurance and partly a return of policy's cash value.

The life insurance cash value is the amount of money you are given if you cancel (surrender) the policy before you die, while the face amount (death benefit) is the amount your beneficiaries will be paid upon your death.

Whole Life Insurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death benefit.

Or alternatively, if he is a healthy non smoker, he could purchase a guaranteed universal life insurance policy with a $ 350,000 death benefit for as little as $ 3,708 per year, which would generate an tax free, cash benefit of $ 350,000 upon his death.

It provides cash to the beneficiary 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.

Voluntary life insurance is an optional benefit offered by employers, where an employee pays a monthly premium in return for cash paid to beneficiaries upon death.

One thing in common present in their policies is the opportunity that they afford the policyholders to either accumulate cash, and / or the provision for a death benefit that the family of the policy can receive upon death of the policyholder.

The insurance company pays a cash amount (called the coverage amount or death benefit) to the beneficiary (s) named in the policy upon the death of the insured person named in the policy.

There are also products that are guaranteed to pay out proceeds upon death, known as guaranteed universal life, but have little to no cash value after the premium goes in.

Being a Permanent Life Insurance plan, Variable Life Insurance accumulates cash value and allows minimizing income tax exposure during lifetime and upon the insured's death.

The accumulated cash value of the policy will be paid out to beneficiaries upon the insured's death.

Remember, if you decide that selling a life insurance policy is a good idea for you, the influx of cash you will receive is only a fraction of the face value of the policy and the amount that your beneficiaries would receive upon your death.

Upon your death, all your family may need is the readily available cash to pay for funeral, burial, and estate taxes - immediate expenses that could be covered by final expense life insurance.

As with whole life insurance, you may be able to take loans against the cash value of a universal life policy, however the death benefit and cash value will be reduced by the amount of any outstanding loans and interest upon your death.

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

Variable life: The cash value and death benefit for variable life is subject to change depending upon your investments and financial assets.

If so, that cash is paid upon death to a beneficiary, often the funeral home.