May I know why do you think «Having
child as a policy holder and parents benefiting from it should not be looked negatively??»
Having
child as a policy holder and parents benefiting from it should not be looked negatively.
Not exact matches
Too often the
policy related commentary comes from economists who see
children as just another place -
holder on a spreadsheet, but then there are the attorneys, the bankers, the CEOs and, inevitably, the tech tycoons.This creates problems including the fact that over a decade of «reform» has been a path to nowhere.
Sample # 2: Notwithstanding anything else contained within this
Policy, in the event that the proceeds of the Insured Mortgage are paid to any person or entity other than: i) to the registered title
holder or
holders,
as the case may be; ii)
holder (s) of prior registered encumbrances (s); iii) an execution or judgment creditor (s); iv) to a non-registered covenantor that is a spouse,
child or parent of the registered title
holder or
holders; v) to credit card companies for credit cards in the name of the registered title
holder or
holders or in the name of non-registered covenantor (s) that are the spouse,
child or parent of the registered title
holder or
holders; then the Company can deny coverage and shall have no liability to the Insured for any matters that involve the allegation of mortgage / title fraud, including challenges to the validity and enforceability of the Insured Mortgage.
The
policy holder is allowed to either borrow or withdraw the cash for any reason at all — such
as for paying off a debt, supplementing his or her retirement income, paying a
child or a grandchild's college tuition, or even taking a nice vacation.
The money from a permanent life insurance
policy's cash value can typically be used for any need or want for the
policy holder, such
as taking a vacation, paying off debts, supplementing retirement income, or even paying for a
child's or a grandchild's future college education costs.
Funds that are in a permanent life insurance
policy's cash value can be either borrowed or removed by the
policy holder for any purpose, such
as supplementing retirement income, paying off debt (typically higher interest debt such
as credit card balances), purchasing a new vehicle, paying for a
child or grandchild's college education, or for going on a long - awaited vacation.
Now the question that arises is that which is the best
child policy for you, but there's no right answer of this question
as the
child policy depends upon the requirement of the
policy holder.
Additionally, under a
child plan, the
policy holder or the beneficiary has an option of taking the maturity benefit
as lump sum or in instalments over a few years.
Having a critical illness plan that includes a cystic fibrosis life insurance caveat for
children means that a parent
as a
policy holder would receive one lump sum which can be used for different purposes e.g. for kid's treatment.