Sentences with phrase «expire before death»

To illustrate, understand that very few «term life policies» ever pay a death benefit because the insurance company has determined that the policy will likely expire before the death benefit is ever paid... and most do.

Term life insurance does not work because the term could expire before your death, leaving your heirs without the cushion of a payout.

You will not leave a large estate: Since term life may expire before your death, it's not a good option for people who want to be sure that heirs have money to pay estate taxes.

Because term life policies may expire before death and variable life policies don't have a guaranteed face value, they don't offer the reliance needed for long - term charitable giving.

To illustrate, understand that very few «term life policies» ever pay a death benefit because the insurance company has determined that the policy will likely expire before the death benefit is ever paid... and most do.

If the person dies within the specified term, the insurer pays the face value of the policy; if the term expires before death, there is no payout.

Not exact matches

A death benefit is paid to your heirs only if you die before the term expires.

Given that superhero satires pre-date even these screwball spoofs, Superhero Movie resembles its arch villain: near death and pathetic, having to suck the life juice out of anything and everything it can to maintain just enough heartbeat before ultimately expiring to many sighs of relief.

Laws are in place for some states to allow survivors to still file suit even if the normal time limitation period (that may start at death) has expired, removing the possibility of seeking damages in a wrongful death action before it may reasonably be discovered.

In addition to the urgency of gathering evidence and interviewing witnesses to establish that liability, survivors and heirs in California must also file wrongful death lawsuits before a statutory deadline for such actions expires.

Houston injury attorney Neal Davis is here to help guide families through the entire claims process from beginning to end - starting with common questions like what is a wrongful death claim, who can file a lawsuit, who can be sued for wrongful death, and how long before a claim expires.

For example, if your loved one sustains a catastrophic injury and is in a coma for six months before succumbing to the injuries, the statute of limitations will expire two years after the death, not the accident.

Accordingly, you need to begin thinking about the pros and cons of filing a wrongful death lawsuit so that you can take action before the statute of limitations expires.

This kind of policy pays a death benefit to your beneficiaries if you pass away before the term expires.

That means more premiums paid and, for the 20 percent of joint policies that are made up of term life insurance, a higher chance that the death benefit won't be paid out at all (because the policies will expire before the policyholders do).

If one of the insured passes away before the 20 - year term expires, the surviving spouse will be able to file a claim and receive the death benefits in one lump sum.

In fact, the insurance companies know that most term life policies never pay a death benefit because the policy expires before the person dies.

A life insurance policy only pays a death benefit if you die before your term expires and most term life insurance policies end before the age of 85.

For instance, if your insurance policy expires before achievement of a goal and the investment corpus is not enough to fund the goal, your family may be in for a serious financial trouble in the event of your death after policy expiry.

It expires at a certain age or after a certain period of time (say, 30 years), and provides a specific death benefit amount to your loved ones if you pass away before the term ends.

(3) Subsection (2) does not apply to an order made before the commencement of section 38 of the Family Law Amendment Act 1983 if the order was expressed to continue in force throughout the life of the person for whose benefit the order was made or for a period that had not expired at the death of the person liable to make payments under the order and, in that case, the order is binding on the legal personal representative of the deceased person.