Sentences with phrase «death benefit funds»

Life insurance: Life insurance is a tool used in estate planning to provide death benefit funds for family members, loved ones and business or personal expenses in the event of your death.
When added to the Secure Lifetime GUL 3 life insurance policy, the policyholder may be able to access a portion of the policy's death benefit funds while he or she is still alive.
The insured may also access a portion of the policy's death benefit funds if he or she contracts certain qualifying illnesses.
Generally speaking, accelerated death benefit funds aren't taxable and are treated the same as death benefits.
Also unlike a regular taxable investment like a stock or mutual fund, index products such as the fixed index annuity and index universal life insurance can allow for a beneficiary to receive death benefit funds in the event of the account holder's passing.
First, it helps the policyholder to manage the cost of chronic illness by offering tax - free acceleration of the death benefit funds should the insured attain a covered chronic illness.
But, having the option to accelerate your death benefit funds could be a critically important step in helping you and your family through an unexpected and unfortunate crisis.
Death benefit funds will be paid directly to the beneficiary of your choice federal income - tax free
Death benefit funds can be used to recruit a suitable replacement and help supplement the cost of business attrition before the replacement is made.
The insured may also be able to have access to the death benefit funds if he or she qualifies, based on a terminal illness diagnosis.
Doing so means that the death benefit funds can still be utilized, but not be taxed by Uncle Sam.
Your beneficiary can use the death benefit funds to pay for legal expenses, funeral or burial expenses, unpaid medical bills or to supplement the family income following your death.
Many of these plans will also offer the ability to access the death benefit funds while the insured is still living if he or she has been diagnosed with a terminal illness.
First, it helps the policyholder to manage the cost of chronic illness by offering tax - free acceleration of the death benefit funds should the insured attain a covered chronic illness.
Terminal illness riders and critical illness riders on life insurance policies release a sizable chunk of the policy's death benefit to the policyholder while he / she is still alive, allowing the usage of the death benefit funds on valid diagnosis of one of the critical or terminal illnesses stated in the policy.
on life insurance policies release a sizable chunk of the policy's death benefit to the policyholder while he / she is still alive, allowing the usage of the death benefit funds on valid diagnosis of one of the critical or terminal illnesses stated in the policy.These riders» critical / terminal illness payout is tax - exempt, and beneficiaries also receive the left over face value, untaxed, upon the policyholder's passing.
a b c d e f g h i j k l m n o p q r s t u v w x y z