Sentences with phrase «die policy until»

Since no benefit is paid out in a second to die policy until both insureds are deceased, their heirs can avoid the taxation they'd otherwise face.

Not exact matches

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?

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.

In New York State, from the time a child is born until he grows old and dies, he will be touched, almost daily, by the policies of the New York state board of regents.

This policy is paid up at age 100, so you pay premiums until you die or reach 100.

Increased IRR: limited pay policies may also create a better internal rate of return (IRR), providing superior long - term growth in comparison to ordinary whole life that you pay premiums on until you die.

If you name your child beneficiary to your policy and they are not yet legal adults when you die, the court will appoint a property guardian to manage these funds until your child reaches legal age.

Because the insurance company pays nothing until both spouses die, the premium is significantly less expensive than buying separate policies for both people.

These policies offer much lower premiums as the death benefit is paid out on the passing of the second spouse (i.e. if you die, the death benefit is held until your spouse also dies).

A Life Insurance with Single - premium benefits is a type in which the premium is paid in lump sum to the policy to which in return death benefits are promised to be paid until the policyholder die.

However, if you don't have your own savings or enough cash to make mortgage payments until you can sell the house — or if you and your child live in the home you've purchased together — it might make sense to buy a life insurance policy for your child to cover the remainder of the mortgage should they die.

In that policy the premiums are pre-set for a definite number of years, after which the policy remains in force until the insured dies.

In other words, with whole life you can keep the coverage until you die and you probably won't pay premiums on the policy later in life, particularly if you chose limited pay life insurance.

Whole life is permanent and the policy remains in force until a person dies, as long as premium payments are kept current.

This type of life insurance policy allows those with disposable cash to pay a lump sum into a life policy for a death benefit that will be paid up until the insured dies.

A lump sum of money is paid into the policy in return for a death benefit that is guaranteed until you die.

If a couple sets up the trust jointly, the insurance policy purchased within the ILIT is usually a «survivorship» or second - to - die policy, so the death benefit won't be paid until the surviving spouse passes away.

The other provides permanent coverage until you die (this can now go up to age 120 + on newer policies; older policies may or may not have extended maturity dates / maximum ages) and often accumulates a cash value over time.

The money that is used to purchase the contract is placed into an escrowed trust account — typically an irrevocable trust — and that money makes premium payments to keep the life insurance policy in force until the insured dies.

Sure, there will be people who will believe it's all natural until they die, but if 90 % of the population is convinced, policy will change drastically.

I want a policy that stays in affect until the day I die....

This policy covers an individual from the time they get the policy until they die.

The death benefit on this type of policy is not paid out until the second person dies however.

For less money than you are spending with your AARP / New York Life insurance policy, you can invest in a policy that will last until you die (not just until age 80), your premium will not increase every 5 years, and your premiums will be less than an AARP New York life insurance policy sent to you in the mail.

While some people only need a life insurance policy until they retire, others need one until the day that they die.

A permanent life insurance policy remains in place until the insured individual dies, if the policy is still in good standing.

A second to die life insurance policy, also called survivorship life insurance, covers two individuals (usually a married couple) and delays the payment of the death benefit until the second person's death.

While a first to die joint life policy pays out upon the death of the first covered person, a second to die life insurance policy will not pay out benefits until both of the insureds have passed on.

Well, my brother and I didn't know until after my older brother died and the life insurance agent said that he (older brother) had taken life insurance policies out on the both of us, hoping that I or my younger brother would die before him.

The buyer (funder), usually an investment company, pays the patient a lump sum of 50 — 80 percent of the policy's face value, pays the premiums until the patient dies, and receives the death benefit.

Some people only need life insurance up until the point that they retire, while others will carry a policy until the day they die.

The premise is to take the lowest amount of premiums to keep the policy premium and benefit level until you die.

With survivorship life insurance, also known as a second - to - die policy, the policy doesn't pay out until both policyholders are deceased.

Most funeral insurance policies require you to keep paying premiums until you die, even if you have already paid the insurer the amount of the benefit.

Endowment insurance policies guarantee that a sum of money will be given to you or your beneficiaries whether you live until the insurance policy matures or you die early.

Essentially, if the insured were to die in the first few years of the policy, the policy's beneficiary would receive all the premiums that were paid, plus earned interest, but the beneficiary would not receive the policy's death benefit until the waiting period has ended.

Over time, the cash - value component gradually replaces the death benefit until only the cash - value component remains; if you die while the policy is in force, your beneficiaries will receive the cash.

The name of the game is to hold on to your policy until you die.

If you die while the policy is in force, the trust will hold onto the payout until your children come of age.

Remember, the death benefit doesn't pay out until both policyholders have died, but one alternative is to have a policy where there's enough cash value built up after, say, five years to borrow from the policy and pay final expenses.

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.

If you name your child beneficiary to your policy and they are not yet legal adults when you die, the court will appoint a property guardian to manage these funds until your child reaches legal age.

Simply explained, Whole Life is a policy you pay on until you die and Term Life is a policy for a set amount of time.

Permanent insurance will stay in effect until you die at whatever age or you can surrender the policy before death and receive a cash surrender value.

The universal policy is designed for people who think their life insurance needs will decrease when they get older but still want some coverage until they die.

These loans do accumulate interest and if left unpaid until you die, the outstanding balance will be deducted from the face value of your policy.

Since the primary goal tends to primarily be that the trust has money to pay debts, expenses, and any taxes, it is important to choose a permanent life insurance policy that will last until the inevitable day you die.

She never looked at the policy until the day after my Dad died.

She now has a $ 750,000 term policy (with 15 years left until it terminates) and a $ 250,000 permanent policy which she will have her entire lifetime to ensure her son will be financially stable, have the funds to pay for any medical bills she may accumulate, and cover the cost of a funeral when she dies.

In the event the key employee dies, the business receives the lump sum policy proceeds that can be used at the company's discretion to stabilize the company until a replacement employee can be found.