Sentences with phrase «death insurance pays»

As the name implies, accidental death insurance pays a death benefit to the beneficiary (s) if you die in an accident.

Accidental death insurance pays your loved ones if your death results from an accident.

The ROP rider on the accidental death insurance pays back all your premiums if you do not die of an accidental death.

Not exact matches

The United States Government Life Insurance program was approved by Congress in 1917 and provided an alternative to commercial insurance which either did not pay out in deaths caused by war or charged extremely high premiums for the Insurance program was approved by Congress in 1917 and provided an alternative to commercial insurance which either did not pay out in deaths caused by war or charged extremely high premiums for the insurance which either did not pay out in deaths caused by war or charged extremely high premiums for the coverage.

Were the company to be sued because of a death related to, say, its autopilot feature, it could result in a «substantial monetary award» that would have to be paid from «company funds, not by insurance.»

One advantage C corporations have over unincorporated businesses and S corporations is that they may deduct fringe benefits (such as group term life insurance, health and disability insurance, death benefits payments to $ 5,000, and employee medical expenses not paid by insurance) from their taxes as a business expense.

These insurance policies are less pricey than traditional life insurance, since they pay benefits only after the death of both husband and wife.

Like all Googlers, our named executive officers are eligible to participate in various employee benefit plans, such as medical, dental, and vision care plans, flexible spending accounts for health and dependent care, life, accidental death and dismemberment, disability, and travel insurance, survivor income benefit, employee assistance programs (e.g., confidential counseling), and paid time off.

Like all employees, our named executive officers are eligible to participate in various employee benefit plans, including medical, dental, and vision care plans, flexible spending accounts for health and dependent care, life, accidental death and dismemberment, disability, and travel insurance, survivor income benefit, employee assistance programs (e.g., confidential counseling), and paid time off.

By charting death rates against those historical changes, while controlling for health care spending, health insurance, and wealth, the authors were able to attribute a 20 percent dip in infant deaths to a 10 - week extension in paid leave.

The downside to paid - up whole life insurance policies is that each premium payment is also deducted from the policy's death benefit.

Buying paid - up additions is similar to buying a small single - premium life insurance policy as you increase the policy's cash value and death benefit but don't have ongoing payments.

However, if you want enough coverage to send a child to college or pay off a mortgage, guaranteed acceptance insurance won't provide a large enough death benefit.

This means that you can purchase a significant amount of accidental death insurance for a much lower premium than you would pay for a traditional life insurance policy.

Permanent insurance, which includes whole life and universal insurance policies, is for life: It provides a death benefit for as long as you pay the premium, but also may include cash value that can be accessed during the insured person's lifetime.1

Because your life insurance premiums are paid with after tax dollars, the death benefit is able to be paid out in lump sum without any state or federal taxes being withheld.

These plans include medical, dental, and vision care plans, flexible spending accounts for health and dependent care, life, accidental death and dismemberment, disability, and travel insurance, employee assistance programs, and paid time off.

It may be used as a funding mechanism for your buy - sell agreement and as business interruption insurance to pay the business for interruptions caused by the death of key employees.

Generally, amounts you receive under a life insurance contract paid by reason of the death of the insured are not included in your gross income; such proceeds are received tax - free.

Unlike term life insurance, mortgage life insurance typically pays the death benefit directly to your mortgage lender.

In addition, some mortgage protection policies will only pay a death benefit if you die from an accident, similar to accidental death insurance.

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

Whole life insurance pays out the death benefit at any time death occurs, after all, the whole life is covered.

The transfer for value rule essentially says that, when you pass away, the third party would have to pay taxes on the life insurance death benefit.

Unless the value that you withdraw is paid back to the insurance carrier before your death, the balance of your loan will be deducted from the death benefit, and the carrier will need you to repay the interest on the loan as well.

There are a lot of costs that go into insuring someone including administrative costs, the medical exam and testing costs, and potentially having to pay out a large death benefit, so life insurance companies weigh all the risks for those who apply for coverage.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

The cash values may be used to supplement the plan, and life insurance death proceeds may be used in the event of the employee's death to pay an income stream to the employee's survivors.

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

This pattern, known as a «death spiral,» all but killed New York's direct - pay insurance market before the Affordable Care Act revived it in 2014.

At present, life insurance is calculated on a «pool» basis: as no one knows who is most at risk of early death, individuals pay for each other's risks.

A small town hustler fakes his own death so that his family can claim his life insurance to pay off his debts.

A life insurance policy is cover that a person takes out, keeps up with the monthly premiums and in turn the insurer undertakes to pay their dependents / beneficiaries out upon their death.

When the town drunk falls to his death off the town dock, it looks like an open and shut case, so Jane's insurance company will pay.

And, more recently, seeing the UK system up very close and personal during the illness and death of both my parents, I'd say that a socialized system allows everyone in the medical system, including the doctors, to see their patients as people first much more easily than medical professionals in the US, because they do not have to worry about a person's ability to pay, or for that matter have to spend their days embroiled in payment issues with insurance companies.

Term life insurance is affordable because it does not accrue a cash value and only pays the death benefit.

In contrast, a standard term life insurance policy pays your policy amount to beneficiaries on death.

Some forms of mortgage insurance also pay out if you are diagnosed with a critical illness, which allows you to pay off the mortgage before your death.

If you buy an accidental death and dismemberment rider, decide whether the likelihood of dying accidentally justifies the insurance premiums you must pay for the policy.

If you have a life insurance policy, and you've been keeping up with your premiums, your insurer will pay out a death benefit when you die.

In a term life insurance policy, you pay an annual premium that covers the risk of death during that year.

The last reason an insurance company might not pay out the death benefit is if you commit suicide within the first two years of taking out the life insurance policy.

However, the death benefit and cash value can continue to grow with participating policies since the dividend can be applied to purchase additional paid - up life insurance coverage.

Mortgage Life Insurance pays off the mortgage upon the death of the mortgagor / owner.

Of course, just because an insurance company wants to pay out a death benefit quickly doesn't mean they always can.

If you die as the direct result of a vehicular, air, or sea accident that you did not deliberately cause, your insurer will pay your beneficiary the accidental death benefit, which is normally twice the value of your insurance policy's face value.

To illustrate, understand that very few «term life policies» ever pay a death benefit because the insurance company has determined that the policy will likely expire before the death benefit is ever paid... and most do.

The downside to paid - up whole life insurance policies is that each premium payment is also deducted from the policy's death benefit.

As an added benefit, the life insurance death benefit of the new hybrid policy would pay off her mortgage if she passed away, assuming she didn't use the policy for long - term care.

On the other hand, as long as premiums are paid, a permanent life insurance policy will always pay out a death benefit since it never expires.