Sentences with phrase «die life insurance policies where»

For a low - cost life insurance option look into Term Life Insurance or consider first - to - die life insurance policies where you pay for only one policy and the death benefit goes to the first to die.

Not exact matches

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.

I know of a situation where a life insurance policy lists two people... one as Primary (check boxed) and one as secondary (checked boxed) but in the «primary» column it has 50 % and 50 % on the line by both person's names and mentions somewhere that if the Primary dies then the secondary would get 100 %.

Also, a second - to - die life insurance policy may be beneficial where both spouses are active in the business and the surviving spouse will not need the death benefit.

While many arguments were raised in the courts below, Justice Brown focused the issue on what happens where a support payor dies with a life insurance policy who was required by court order to name a spousal or child support recipient as the irrevocable beneficiary of the policy.

Unlike standard life insurance policies where the surviving spouse is usually the beneficiary, second - to - die life insurance is generally used for estate planning purposes.

Life insurance is a contract between the policy holder and the insurance company where the insurer agrees to pay a sum of money to the beneficiary of the policy when the person who is insured dies.

Typically when you apply for life insurance, you go through the full underwriting process, where you'll be classified based on how risky you are to insure (that is, how likely you are to die during the life insurance policy's term).

If the holder of a life insurance policy dies before telling the beneficiary where his or her policy is, the beneficiary will need to find the policy in order to claim the benefit.

But if the insured dies before telling the beneficiary where his or her policy is, the beneficiary may not be able to find it and claim the benefit, and it could join the billions of dollars in life insurance benefits that have gone unclaimed.

A survivorship life insurance policy is one which where the death benefit is spread across more than one life; it is also called second - to - die life insurance because it does not pay out until after both insureds have passed.

Also, a second - to - die life insurance policy may be beneficial where both spouses are active in the business and the surviving spouse will not need the death benefit.

Unclaimed life insurance is life insurance where the insured person has died but no one has made a claim on the life insurance policy.

Term insurance is a life insurance policy that provides coverage for a certain period of time where if the insured dies during the time period specified in the policy and the policy is active — or in force — then a death benefit will be paid.

Amazing to me the number of people who die with life insurance in force and who spaced out two little details, telling someone that there is insurance and telling them where to find the policy.