Sentences with phrase «dies the insurance company»

When someone with life insurance dies the insurance company pays off a large lump sum.

Not exact matches

He told Squawk Box that his holding company (which would probably operate under a different name) would be «worth twice as much as it is now» if he had just bought a good insurance company instead of putting so much money into a dying textile business.

When I said that the cult of equity was dying, what I meant was that those investors and those liabilities structures such as pension funds and insurance companies that have depended on a 6.5 % constant real return from stocks such as we've have had over the past century are bound to be disappointed.

In an immediate annuity, the purchaser gives an insurance company a lump sum of cash and receives payments until they die.

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 the misstatement is not discovered until after you die, the insurance company must compute the amount of insurance your premiums would have purchased for someone of your actual age or sex and pay your beneficiary that amount.

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.

However, the insurance company will keep the proceeds that are paid into the contract if the annuitant dies before reaching the age of payout.

If you die under covered terms, the insurance company sends a check to the lender.

A death benefit is a payment that the insurance company will make to your beneficiary if you die.

If John dies prematurely within the 20 - year period, the insurance company pays his beneficiary a benefit of $ 500,000.

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.

If the client dies before the annuity period is over, the insurance company keeps the remaining money.

It goes without saying that the real estate lobby, insurance companies, dying political machines, and hedge funders won't be plying me with gobs of cash anytime soon.

«I'm not going to let young people die because an insurance company wants additional profit and doesn't want to cover the dosage for fentanyl.»

«I'm not going to let young people die because an insurance company wants additional profit and doesn't want to cover the additional dosage for fentanyl,» Cuomo said, noting that it takes five times the amount of naloxone to reverse a fentanyl overdose compared to a heroin overdose.

That's pure, actuarial math — the increased risk of dying that the smoker presents to the insurance company and that the company then passes on to the smoker.

«The trouble is when you're 93 there is no insurance company that wants to insure you because they think you're going to die on the job,» McKellen says.

Don't tell me that insurance companies don't pay a doctor because the patient died, or a lawyer because he lost the case?

Fixed Annuity — An insurance contract in which the insurance company makes fixed dollar payments to the annuitant for the term of the contract, usually until the annuitant dies.

(Insurance companies are legally required to contact beneficiaries when the insured dies.)

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.

That means, the insurance company pays off the debt of the borrower if he / she dies before paying off the loan.

If they want to leave an estate behind for a spouse or loved ones, don't go with a lot of annuities since the capital stays with the insurance company when the annuitant dies.

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?

And there is also the company wanting to protect itself with key person insurance if the company's star employee dies.

Life insurance companies pay a death benefit (sometimes in the millions) to the beneficiaries of an insured if they die.

A life insurance company which might sell her an annuity would guarantee payouts, provide protection against civil claims and could, if she chooses that option, guarantee a minimum number of payments to her three grown children, or anyone else for that matter, even if Hilda were to die very soon.

In the worst - case scenario, of your company so dependent on an employee that it could potentially go out of business if they were to die, key man life insurance can also provide an alternative to declaring bankruptcy.

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.

Because your prospective insurance company wants to get an idea of how risky you are to insure — or, to put it bluntly, how likely you are to die during your policy's term.

The reason is that when insurance companies create an annuity, they pool the money of thousands of annuity owners, some of whom will die sooner than others.

One of the problems with Whole Life Insurance is these «savings» accounts have horrible rates of return and if you die, the money that has accumulated in your «savings» account goes back to the insurance company instead of your benefInsurance is these «savings» accounts have horrible rates of return and if you die, the money that has accumulated in your «savings» account goes back to the insurance company instead of your benefinsurance company instead of your beneficiaries.

As the Chairman and CEO of the international conglomerate Berkshire Hathaway, Buffett has grown the business from a dying manufacturing company into a ubiquitous company that owns household names like Dairy Queen, Fruit of the Loom, and GEICO Insurance.

So when setting annuity payments, insurance company actuaries are able to include what are know in insurance circles as «mortality credits,» essentially money that would have gone to annuity owners who die early but that's instead transferred to those who live longer.

Hi Les, plenty of insurance companies still offer joint first - to - die term and UL policies.

I am an insurance professional looking for a true «first to die» life insurance policy and can't find a company that sells one.

With a life insurance policy, if the insured person dies, the life insurance company will pay out a death benefit to the beneficiaries.

The life insurance company pays out the death benefit after the first person dies, so the survivor has money to cover expense, such as burial costs, pay debts, pay bills, etc..

The insurance companies should allow you to purchase a policy at least in the amount of the mortgage, although you may want a little more or a little less if he were to die too soon.

If the key person unexpectedly dies, the company receives the insurance payoff.

This voluntary protection product, available from CMFG Life Insurance Company through CEFCU, reduces or pays off your insured loan balance up to the policy maximum should you die before the loan is repaid.

The insurance company is less concerned that one spouse might not be in good health, because both policyholders must die before the benefit is paid.

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

Oftentimes, when a company would not be able to withstand the loss of two key executives, the second - to - die life insurance option can be a good plan for ensuring that there are funds available to the business for keeping the company afloat while a replacement is being sought, or the company is in the process of finding a potential purchaser.

There is one type of annuity account, commonly referred to as an immediate annuity where, in one instance, the insurance company can keep the undistributed funds when the owner dies.

Here My query is for example if any illness which might not have found through insurance company's medical tests, and the Policy holder also might not know even he had that problem, Lets say he died due to that problem.

Once your loved one dies and you submit your claim, most states give the insurance company 30 days to review it and make a decision to pay it out.

If you die within the time period defined in the policy, the insurance company will pay your beneficiaries the face value of your policy.

The insurance company will pay the death benefit to your named beneficiary if you die while your policy is in effect.