Depending on the type of homeowners insurance you purchase you could be looking at several
different types of payouts.
Not exact matches
Generally, there are five
different types of limits on
payouts...
The
payouts from term life policies are almost always tax - free, except in situations where the person being insured, the policy's owner, and the beneficiary
of the policy are all
different people (agents refer to this
type of arrangement as the «unholy trinity» or the «Goodman Triangle,» based on the court case that established this rule), or if they would put your estate over the estate tax threshold.
Kansas's PIP is
different than in other states however in that rather than just one
payout that can be used in anyway the driver sees fit, it is broken down into
different limits for
different types of benefits.
As with most
types of insurance, life insurance is complex, has many
different types of choices, limits, and
payouts.
Ames renters insurance delivers
payouts on many
different loss
types, from fire and theft to certain
types of water damage and other events.
Both
types of life insurance
payout in the event
of the insured's death, but each one is applied to
different needs.