Sentences with phrase «death benefit to your beneficiary when»

If you haven't been keeping up with your insurance premiums, your insurer will not pay out the death benefit to your beneficiaries when you die, rendering the whole thing useless.

This will cover you for a 20 - 30 year term, and provide a death benefit to your beneficiaries when you die.

However, the primary purpose of these policies is still to pay out a death benefit to your beneficiaries when you pass away, and this benefit makes up a significant portion of the cost of buying a policy.

So, even if the entire death benefit is advanced due to long term care needs, the policy will still pay a lump sum death benefit to your beneficiary when you die.

The policy will still pay out a death benefit to your beneficiaries when you die, but over time this death benefit is gradually replaced by the cash value.

The company promises to pay a death benefit to a beneficiary when the insured dies as long if the insured meets the conditions of the contract (for example, dying within the term period).

Variable life coverage is a type of life insurance that provides permanent protection for the insured, and provides a death benefit to the beneficiary when the insured perishes.

The company promises to pay a death benefit to a beneficiary when the insured dies as long if the insured meets the conditions of the contract (for example, dying within the term period).

The company promises to pay a death benefit to a beneficiary when the insured dies, as long as the insured meets the conditions of the contract.

The policy will still pay out a death benefit to your beneficiaries when you die, but over time this death benefit is gradually replaced by the cash value.

Whole life insurance pays out a death benefit to the beneficiary when you die and accumulates cash value over time.

So, even if the entire death benefit is advanced due to long term care needs, the policy will still pay a lump sum death benefit to your beneficiary when you die.

However, your life insurance remains in force and will pay a lump sum death benefit to your beneficiary when you die.

These types of polices have little cash value, really only the death benefit to your beneficiary when you die.

In most cases, whole life policies pay a tax - free death benefit to beneficiaries when the insured dies.

However, the primary purpose of these policies is still to pay out a death benefit to your beneficiaries when you pass away, and this benefit makes up a significant portion of the cost of buying a policy.

This will cover you for a 20 - 30 year term, and provide a death benefit to your beneficiaries when you die.

Not exact matches

If you do designate your child as your beneficiary, when the insurer pays out, the death benefit will go to a trust overseen by a court - appointed guardian, who will hold onto the money until the child reaches the «age of majority.»

When the policyholder dies, it's frequently the burden of the beneficiary to provide proof of death and file a claim for the death benefit.

Thanks to «the slayer rule», when you're «south of heaven» and your life insurance beneficiary is the one who put you there, most states show no mercy if there's a preponderance of evidence against the person trying to claim the death benefit.

With permanent life insurance your beneficiaries are guaranteed to receive a death benefit when you die.

Universal life insurance pays out a tax - free lump sum to your beneficiaries when you die, called a «death benefit.»

So that when that inevitable day arrives, your policy has grown as you aged, allowing your beneficiary to receive a death benefit that has (hopefully) kept up with the pace of inflation.

When you purchase a term policy, you can name specific beneficiaries to receive the death benefit if you pass away.

This would offer a total death benefit to her beneficiary of $ 11,437 when she passed (7 multiplied by $ 1,621).

Whole life insurance will pay out a set amount of money to your beneficiaries when you die, called a «death benefit.»

When this occurs, the death benefit may be viewed as a gift to the beneficiary subject to taxes.

In exchange for premium payments, a life insurance policy provides a tax - advantaged lump - sum payment, known as a death benefit, to the beneficiaries when the insured passes away.

So, you get a death benefit that passes to your beneficiary income tax free when you die.

Variable life insurance pays a lump sum to your beneficiaries when you die, called a «death benefit.»

When death occurs, the death benefit will be paid out to the beneficiary, generally in a lump sum payment.

If you have an outstanding loan on your whole life insurance policy when you die, the death benefit that is paid out to your beneficiary (or beneficiaries) will be reduced by the unpaid amount of..

When your beneficiaries are paid a death benefit amount, the full amount is theirs to keep.

When you purchase a life insurance policy, you'll be given the option of designating one or multiple beneficiaries to receive a death benefit in the case you pass away.

When alive, if John wanted to name his parents sole beneficiaries and not have Jane be a beneficiary, Jane would have had to sign a consent form waiving her rights to the death benefit.

When the policyholder passes away, the entire death benefit — which includes insurance, all transferred annuity funds and compounded market interest credits (less fees, spreads, withdrawals or any policy loans and interest)-- pass to beneficiaries completely income tax free.

In return for a premium payment, an insurance company will pay out a stated amount of tax - free death benefit to a named beneficiary — assuming, of course, the policy is in - force when the insured passes away.

When you hear about «guaranteed death benefits» (a benefit for beneficiaries should the annuitant die before payments begin) and «income guarantees» or «guaranteed withdrawal benefits,» remember to read the fine print to see how they actually work.

Like any life insurance policy, it pays out a death benefit to an appointed beneficiary when you die as long as the policy is in force.

It is considered a «living benefit» because you use it while you are living, unlike the death benefit that goes to your beneficiary when you die.

You want to make sure your death benefit covers all your beneficiaries» needs when you're not around.

Term life insurance is a «pure» insurance policy: when you pay your premium, you're just paying for the death benefit that goes to your beneficiaries in the event of your death.

Life insurance death benefits are paid to your beneficiary (ies) when you die.

Your beneficiaries are guaranteed to receive a death benefit when you die.

To ensure your super fund goes to the people you choose when you die, you need to make a binding death benefit nomination (sometimes called a binding beneficiary nomination) through your super funTo ensure your super fund goes to the people you choose when you die, you need to make a binding death benefit nomination (sometimes called a binding beneficiary nomination) through your super funto the people you choose when you die, you need to make a binding death benefit nomination (sometimes called a binding beneficiary nomination) through your super funto make a binding death benefit nomination (sometimes called a binding beneficiary nomination) through your super fund.

Another con of a 401k plan vs 7702 plan is the 401k has no death benefit and therefore there is no additional money going to your beneficiary when you die.

Death Benefit: Money that is paid by an insurance company or employer to a beneficiary when a person dies.

When you die, your VGLI will pay out a lump sum death benefit to your beneficiary.

When you die, the life insurance company gets the cash value of the policy while the death benefit is paid out to your beneficiaries.

When you purchase life insurance, you enter into a contract with a life insurance company that agrees to pay a death benefit to your beneficiary, which can be your spouse, children or anyone you choose.