Sentences with phrase «chosen beneficiaries»

Unlike term or universal life insurance, it doesn't pay out to the policyholder's chosen beneficiaries.

Your loved ones will be protected once you get coverage that gives your chosen beneficiaries a death benefit once you pass away.

With a permanent policy, the amount for which you are insured, also known as the death benefit, will be paid to your chosen beneficiaries at the time of your death - guaranteed.

In this case, the lump sum payment is paid to your family or whoever your chosen beneficiaries may be.

After you pass away, your chosen beneficiaries will receive a death benefit.

All life insurance policies work on the same basic premise; make payments, called premiums, to the insurance company, which guarantees to pay chosen beneficiaries a sum of money upon the death of the insured.

Life insurance provides a lump sum of money to your chosen beneficiaries in the event of your death.

you pay a monthly premium to the company, and in exchange the company agrees to pay a certain amount of death benefits to your chosen beneficiaries.

While a will offers a way to ensure your assets pass to your chosen beneficiaries on death, not everyone dies with a will.

Estate planning is the process of providing for the orderly transfer of your assets to your chosen beneficiaries; making sure that your estate is distributed the way you want it to be.

The record $ 16.8 million donated this year to Telethon's annual fundraising weekend — the charity's most successful event to date — will mean more money in the pockets of the chosen beneficiaries, including the Telethon Institute for Child Health Research.

Selecting beneficiaries for retirement benefits is different from choosing beneficiaries for other assets such as life insurance.

The events themselves are typically free, but we do accept donations for the charitable cause who is the chosen beneficiary from the event.

Unlike joint tenants, however, each can choose the beneficiary that inherits their portion of the property, should they die.

In most cases, you can also choose a beneficiary to receive proceeds from your annuity upon your passing.

One option is transferring funds to a trust company, which would administer the money to a chosen beneficiary when you die.

Term life insurance is the cheapest form of coverage, you can choose a death benefit that covers multiple loans or expenses, and you can choose your beneficiary.

As with other types of life insurance, group life insurance allows you to choose your beneficiary.

When choosing beneficiaries it's important to understand the difference between a primary and a contingent beneficiary.

This article will cover the ins and outs of choosing a beneficiary in various types of situations to help you avoid the difficulties that can occur if a beneficiary is selected improperly.

There are several fail - safe riders that can be attached to an immediate annuity account that guarantee the insurance company will pay back all deposited principal and earned interest during the insureds lifetime or that of their chosen beneficiary.

Choosing beneficiaries, and keeping those choices up - to - date, is an important part of owning life insurance.

The rationale is that lawmakers assume you have the mental wherewithal to not choose a beneficiary that may wish you harm.

Earlier this week I posted about Estate planning with your TFSA — choosing a beneficiary or successor holder.

You choose the beneficiary on your own — you don't need permission from the insurer or the beneficiary.

Deferred annuities also provide a death benefit, so your chosen beneficiary of the annuity is guaranteed the principal amount as well as the compounded interest.

Because of its importance, it's imperative to be both educated and mindful of how you choose the beneficiaries for your term life insurance policy.

You should also choose your beneficiary or beneficiaries.

This year's chosen beneficiary is the Towner Art Gallery museum (Eastbourne), which is looking to expand its significant collection, with work exploring the theme of landscape in a time of political change.

Choose your beneficiaries, decide who will carry out your wishes, and make sure a system is in place in case one or both of you become incapacitated.

The court affirmed that at common law, ``... a testator's right to dispose of her property and to choose her beneficiaries as she wishes, even on discriminatory grounds», is protected.

You can choose the beneficiaries for the mortgage protection policy; it will not go to the bank.

Choose your beneficiary carefully and amend your life insurance policy as circumstances change.

What was once a $ 50,000 dollar bank CD or annuity account, can now be a life policy with a $ 100,000 tax free death benefit to a chosen beneficiary.

It's important to take your time in choosing your beneficiary.

In a nutshell, the application will always begin with basic contact information, your chosen beneficiary information, and the details of the policy you are applying for (amount, duration, type).

Life insurance is financial coverage that pays a specified amount of money to a chosen beneficiary upon the death of the main policy holder.

Since he is the owner of the policy and pays the premiums, it is his right to choose the beneficiary and the insured has no power over that choice.

When choosing beneficiaries it's important to understand the difference between a primary and a contingent beneficiary.

You choose the beneficiary on your own — you don't need permission from the insurer or the beneficiary.

The rationale is that lawmakers assume you have the mental wherewithal to not choose a beneficiary that may wish you harm.

In most cases, you can also choose a beneficiary to receive proceeds from your annuity upon your passing.

So it is imperative to be both educated and mindful of the way you choose beneficiary designations.

There's a lot to reflect upon before you choose your beneficiary, including how exactly you want your cash benefit to be used if something were to happen to you.

Since there is no legal requirement for them to spend it on the items that you planned, it's wise to choose your beneficiaries carefully.

Now, you may think that assigning someone to get the life insurance money after you die is a no - brainer, but choosing beneficiaries can be a little trickier than that.

Answer a few more easy questions about your health, enter your personal information, choose a beneficiary and your policy is issued!

Your final step is to choose your beneficiary.

It pays out death benefits only but it goes to your chosen beneficiary as a lump sum payment and is usually tax - free.

• You own the policy • You choose the beneficiary • You select the amount of insurance protection • Your insurance does not decrease unless you decide to reduce it • Your insurance is not part of a group and you decide how to tailor it to your needs • Your insurance does not lapse when is in default • Your protection is portable and does not lapse when you change mortgage companies or sell the property • Your insurance is guaranteed re-newable to age 80 and after issue, you will never have to provide medical evidence