Sentences with phrase «die insurance policies»

To avoid losing a large percent of his IRA to Uncle Sam upon his death, James buys a second - to - die insurance policy with his $ 900,000.

One such tool to accomplish this goal is through the use of a second to die insurance policy, also known as survivorship life insurance.

Individual lifetime insurance policies can provide a surviving spouse with the money they would need to pay for final expenses, monthly bills, or premiums on a second to die insurance policy.

When you both pass way, your second to die insurance policy will pay the death benefit to your trust, and in - turn, your trustee can use this money to settle any estate taxes that are owed to the state or IRS.

A Second - to - die insurance policy, also known as survivorship life insurance, covers two individuals, which is usually the parents of a special needs child, and pays out as a lump sum when both insured people pass away.

They can explain how a Second - to - Die insurance policy is a cost - effective way for spouses to do estate planning, providing benefits to their heirs only after the last surviving person on the policy dies.

Not exact matches

In those cases, a term life insurance policy can cover that debt should you die before it's zeroed out, she said.

As the name implies, term life insurance will provide a death benefit if an individual dies within the policy's term, up to 20 years typically.

Other policies to consider include: • Key employee insurance life or disability income insurance compensates a business when certain key employees become disabled or die.

Do ask yourself: If today I gave you a check in the amount of the death benefit of the life insurance policy you're considering, would you quit your job and work free for me until you die?

Cash value that's left in your life insurance policy when you die is kept by the insurer.

AD&D insurance is similar to a life insurance policy in that both offer a death benefit, but your beneficiary wouldn't receive a payout if you died due to an illness.

In the event that you die with policy loans outstanding, your insurance company will deduct the unpaid amount plus any accumulated interest from your death benefit.

If you die during the grace period, your beneficiary will receive the full value of the death proceeds of your life insurance policy minus any premium that is owed to your life insurance company.

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

In basic terms, mortgage life insurance pays off your mortgage balance if you die while the policy is in effect.

This means that if you die due to an accident while covered under a life insurance policy with an AD&D rider, your beneficiaries could receive up to twice your face amount — one payout equal to your face amount from the life insurance half of the policy, and another payout from the AD&D rider.

Overall, we recommend buying a traditional life insurance policy over an AD&D policy to ensure your loved ones are financially protected no matter how you die.

Designed to provide a survivorship life insurance solution for clients seeking strong protection and accumulation guarantees, this new second - to - die whole life product can cover two lives more cost effectively than two comparable individual policies.

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.

Basically, someone with a terminal disease would sell his or her life insurance policy at a discount so they could have money to pay medical bills and what not and then when that individual died, the buyer would cash in the full amount of the policy.

I have posted the following response: It is good Drummond confesses that his free - market policy prescriptions failed to improve productivity, but old habits apparently die hard: â $ œWe have an Employment Insurance scheme that basically dissuades people from going where the jobs are.

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.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

Yes, but you neglect to consider that the money you save by opting to go with term insurance can be invested, and you'll probably be out way ahead with that money for your beneficiaries and heirs rather than if they wait for you to die and collect their benefits through a whole life policy.

The trust owns the life insurance policy and collects the death proceeds when the insured dies.

Among them are the rights to: bullet joint parenting; bullet joint adoption; bullet joint foster care, custody, and visitation (including non-biological parents); bullet status as next - of - kin for hospital visits and medical decisions where one partner is too ill to be competent; bullet joint insurance policies for home, auto and health; bullet dissolution and divorce protections such as community property and child support; bullet immigration and residency for partners from other countries; bullet inheritance automatically in the absence of a will; bullet joint leases with automatic renewal rights in the event one partner dies or leaves the house or apartment; bullet inheritance of jointly - owned real and personal property through the right of survivorship (which avoids the time and expense and taxes in probate); bullet benefits such as annuities, pension plans, Social Security, and Medicare; bullet spousal exemptions to property tax increases upon the death of one partner who is a co-owner of the home; bullet veterans» discounts on medical care, education, and home loans; joint filing of tax returns; bullet joint filing of customs claims when traveling; bullet wrongful death benefits for a surviving partner and children; bullet bereavement or sick leave to care for a partner or child; bullet decision - making power with respect to whether a deceased partner will be cremated or not and where to bury him or her; bullet crime victims» recovery benefits; bullet loss of consortium tort benefits; bullet domestic violence protection orders; bullet judicial protections and evidentiary immunity; bullet and more...

I was very aware that I could die, leaving my husband and newborn daughter with no wife / mother (and no life insurance policy).

Experience in Oregon in the USA where assisted dying has been legal for 15 years shows that the law works safely and that dying people take comfort from having the «insurance policy» of the choice of an assisted death, whether or not they actually use the law.

It's like an insurance policy in the unlikely event you die before you're 40.»

Instead, the plan is to potentially house several individuals as an insurance policy against extinction until Mexico implements more stringent measures to protect the animal from dying in nets.

Then reality hits home — families are left to care for the permanently dying, life - insurance policies become meaningless, and funeral parlors are reduced to arranging burials for pet dogs, cats, hamsters, and parrots.

Dying while the policy is in force is the one sure way to get money back on term life insurance.

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.

Where it falls short: A travel accident insurance policy in no way compares to a life insurance or disability policy because it only kicks in if you die or are severely injured on that particular trip.

Term life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the policy.

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.

In the event that the borrower dies while the policy is in force, the debt is automatically satisfied by insurance policy proceeds.

In effect, buying a longevity annuity is a bit like buying a life insurance policy, but instead of making a payment to your heirs when you die, a longevity annuity makes monthly payouts to you for the rest of your life, assuming you're still alive when those payments are scheduled to begin.

Cash value that's left in your life insurance policy when you die is kept by the insurer.

If the insured dies within this term (10, 15, 20, 25, 30, or 35 years), the life insurance company pays a lump sum death benefit to the policy's beneficiaries.

Mortgage insurance is an insurance policy that protects a mortgage lender or title holder in the event that the borrower defaults on payments, dies or is otherwise unable to meet the contractual obligations of the mortgage.

A basic life insurance policy provides death benefits and is designed to cover loss of income, end - of - life expenses, funeral costs and other financial requirements your loved ones may have should you die unexpectedly.

«And since kids will be in the picture soon, I think they should buy a $ 1 million joint - to - die 20 - year term life insurance policy.

(Small businesses may wish to consider purchasing life insurance policies for key individuals, such as an owner or top employee, to help prevent financial distress if that person were to die.)

Like term life insurance, whole life insurance policies pay a death benefit if you die while your policy is in force.

Term life insurance is a type of life insurance that only pays out a death benefit if the policyholder dies within the term of the policy.

Life insurance companies use classifications to determine how risky you are for them to insure — what are the chances that you'll die over the course of your policy?

Take life insurance as an example: you pay for a policy, and if you die during the term then that money (the death benefit) goes to the person you named as your beneficiary on the policy.