Sentences with phrase «for life insurance policy owners»

The purpose of a free look period for life insurance policy owners is to provide time for the owner to review the actual policy before committing to paying.

Life settlements offer an additional option for life insurance policy owners to consider when deciding what to do with a policy they no longer want to own.

It is the growth of this cash reserve, minus death benefits and annuity income paid out, minus taxes and expenses, that drives interest rate and dividend growth for life insurance policy owners.

Not exact matches

The life insurance policy should provide for the families of the owners and key management.

This question of participating vs. non-participating life insurance relates directly to how your policy works for the benefit of you as the policy owner as well -LSB-...] Read More

(Small businesses may wish to consider purchasing life insurance policies for key individuals, such as an owner or top employee, to help prevent financial distress if that person were to die.)

Now that I've made my case for why I think Han Solo was a term life policy owner, let me suggest what might have happened if he had chosen the better option to invest in life insurance as an asset.

Limited pay life insurance is a life insurance contract between you (the owner / insured) and the carrier (the insurer), for the benefit of the beneficiary, that requires you to pay into the policy for a set period of time.

You, as the policy owner, would have $ 200k cash value to withdraw or borrow against for a life insurance loan.

Homeowners» Insurance: Required for all mortgage loans, protects the home from damage and theft Owner's Title Insurance: Optional policy ensuring the title will not be subject to a claim of ownership, lien or other encumbrance Private Mortgage Insurance (PMI): Required by most lenders when the down payment is less than 20 % Federal Housing Administration (FHA) Mortgage Insurance Premium: Required on all FHA loans Mortgage Life Insurance: Optional policy that protects family and estate by paying off the loan in case of death Disability Insurance: Optional policy that guarantees loan payments will be made in case of disability

With a cash value life insurance policy, the policy owner can borrow against it for any reason whatsoever.

Cash value life insurance, whether whole life, IUL, or VUL, allows for the tax - free growth of funds in a policy's cash account unless the policy is canceled or surrendered, transferred or assigned to another owner, or the IRS no longer designates the policy a life insurance contract.

This question of participating vs. non-participating life insurance relates directly to how your policy works for the benefit of you as the policy owner as well as your estate and your loved ones.

Term life insurance is defined as a contract between the owner of the policy and the insurer, for a policy on the life of the insured, whereupon the insured's death, the insurer pays a lump sum death benefit to the beneficiary.

Life insurance premiums are deductible as a business - related expense, and the death benefit is generally tax - free for individual policy owners.

Under IRC Section 2035, the death benefit of a life insurance policy can still be included in the owner's estate for three years if the policy is gifted to an Irrevocable Life Insurance Trust (ILlife insurance policy can still be included in the owner's estate for three years if the policy is gifted to an Irrevocable Life Insurance Trusinsurance policy can still be included in the owner's estate for three years if the policy is gifted to an Irrevocable Life Insurance Trust (ILLife Insurance TrusInsurance Trust (ILIT).

When coupled with a life insurance policy, the hybrid LTCi owner will also have the advantage of passing dollars on to family on an income tax - free basis if the policy was never accessed for long term care coverage.

When life insurance policy owners no longer want, need, or can afford to continue to pay policy premiums, they traditionally have surrendered their policies to the issuer for their cash surrender value.

Named after Section 1035 of the Internal Revenue Code, a 1035 exchange allows life insurance policy owners (and annuity contract owners) to exchange an old policy (or contract) for a new one from a different insurance company without tax consequences.

Prior to 2008, Western District of New York courts held that when a husband and a wife both file bankruptcy and one spouse has a life insurance policy with cash value and the other spouse as the beneficiary, the bankruptcy trustee, as trustee for both the owner and beneficiary of the policy, could claim in the cash value.

For example, universal life and variable universal life insurance policies allow policy owners to adjust premiums and death benefits to suit their financial needs.

In the US, we have a concept called an Irrevocable Life Insurance Trust; that is one possibility for you, if the UK has the same concept - this is a trust that specifically exists to be the beneficiary (and, technically, owner) of the life insurance polLife Insurance Trust; that is one possibility for you, if the UK has the same concept - this is a trust that specifically exists to be the beneficiary (and, technically, owner) of the life insurancInsurance Trust; that is one possibility for you, if the UK has the same concept - this is a trust that specifically exists to be the beneficiary (and, technically, owner) of the life insurance pollife insuranceinsurance policy.

At a minimum, the small business owner will need to have a life insurance policy on the key man in an amount sufficient to cover the transition period that will be required in order to find a replacement for the departed salesman.

Whole life insurance defined: A whole life policy is a type of permanent life insurance where a contract is entered into between the policy owner and insurer, for a policy, which covers the life of the insured, for a specified insurance coverage amount, for the benefit of a beneficiary.

New York Life Insurance Company is the largest mutual life insurance company in the U.S. 1 Being mutual means our primary focus is on creating long - term financial safety and stability for our policy owners, rather than the short - term gains favored by Wall StrLife Insurance Company is the largest mutual life insurance company in the U.S. 1 Being mutual means our primary focus is on creating long - term financial safety and stability for our policy owners, rather than the short - term gains favored by WalInsurance Company is the largest mutual life insurance company in the U.S. 1 Being mutual means our primary focus is on creating long - term financial safety and stability for our policy owners, rather than the short - term gains favored by Wall Strlife insurance company in the U.S. 1 Being mutual means our primary focus is on creating long - term financial safety and stability for our policy owners, rather than the short - term gains favored by Walinsurance company in the U.S. 1 Being mutual means our primary focus is on creating long - term financial safety and stability for our policy owners, rather than the short - term gains favored by Wall Street.

However, many people choose to start whole life insurance programs at a very young age because cheap insurance is so plentiful and the policy owners can milk the cash value growth for a longer period of time.

Our mission is to empower policy owners, investors, shareholders and employees to financially prosper through the secondary market for life insurance.

The selling policyowner receives an upfront cash payment in exchange for transferring ownership of the life insurance policy — typically more than any existing cash value but less than the policy's full death benefit — and the investor as the new owner then continues to make the ongoing / annual premium payments.

By making The Niagara Falls Humane Society the irrevocable owner and beneficiary of a life insurance policy, you can be entitled to a donation income tax receipt for every premium you pay.

Many boat owners don't realise that insurance policies for boat operators often contain exclusions clauses affecting close family members of the owner living under the same roof.

For permanent life insurance, some policies contain investment options that can pay out dividends to owners, which can thereby reduce the cost of the premium.

The other main kind of life insurance is permanent life, which builds up cash value that policy owners can borrow against and eventually use to cover premiums for the rest of their lives.

For example, if you own a 20 year return of premium term life insurance plan and the 20 year term has expired, the premiums paid by the owner of the life insurance policy will be returned.

One of the other things indexed universal life insurance policies are commonly used for is funding buy - sell agreements between two business owners.

For example, a client is the person who has the rights of ownership for a NYLIFE Securities account or the owner of a New York Life Insurance poliFor example, a client is the person who has the rights of ownership for a NYLIFE Securities account or the owner of a New York Life Insurance polifor a NYLIFE Securities account or the owner of a New York Life Insurance policy.

It is common for a lender, bank or other entity to ask a business owner to take out and maintain a life insurance policy and name the lender as a primary beneficiary for the debt (payoff schedule is usually attached to the assignment), as a condition of the loan until the loan is repaid.

For example, think of yourself as the policy owner / insured of the life insurance with your spouse as the beneficiary.

There are several reasons why it is beneficial for a policy owner to repay a loan on a life insurance policy before the exchange:

A common benefit option on life insurance policies wherein the policy owner allows the dividends from policy to be used for the purposes of accumulating cash values.

Life insurance helps to give families the peace of mind that their family will be provided for if something happens to the policy owner.

That's why more and more universal life insurance policy owners are choosing to opt for a plan with a «Secondary Guarantee,» (also known as a No - Lapse Guarantee).

With mortgage insurance, coverage is taken away (i.e., the amount of life insurance is reduced) and the same amount is charged each year for the smaller amount of life insurance, as the policy owner gets older.

A viatical settlement is the sale of a policy owner's existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit.

There isn't enough information for me to know why the insurance was purchased on the child, but hopefully it was to protect the child's interests later in life rather than a «benefit» to the owner / beneficiary of the policy if the child dies during their formative years.

When you start researching term life insurance for your working spouse, know that he or she will still be the owner of the policy.

Renewable Term Life Insurance that is in force for a stated period, and can be renewed by the policy holder (or owner) at the end of each term for a limited number of terms without proving insurability of the insured

If the insured, the person covered under the life insurance contract, is diagnosed with a significant medical condition that is determined to be terminal by a physician, the policy owner can apply for accelerated death benefits up to certain limits established by the insurance company.

Accelerated Benefit Rider A life insurance policy benefit that allows the insured or policy owner The right to receive a percentage of the insurance policy death benefit in advance if the insured is diagnosed with a terminal illness and not expected to live for a period of at least 12 months.

However — If the owner of the policy was also the primary insured, the amount of life insurance will be included in the gross estate for estate tax purposes.

The owner (viator) of the life insurance policy sells the policy for an immediate cash benefit.