Sentences with phrase «free death benefit to your beneficiaries»

Besides paying a income tax free death benefit to your beneficiary, life insurance provides several benefits to you, the owner and insured.

In the event of your death, the LIRP provides a tax - free death benefit to your beneficiaries.

It pays out a tax - free death benefit to your beneficiaries should you die prematurely while the policy is in force.

Your coverage continues for life, earns cash value and provides and income tax - free death benefit to your beneficiaries.

For example, a 60 - year - old female might use a $ 25,000 single premium to provide a $ 50,000 income - tax free death benefit to her beneficiaries, whereas a 50 - year - old male's $ 100,000 single premium might result in a $ 400,000 death benefit.

In most cases, whole life policies pay a tax - free death benefit to beneficiaries when the insured dies.

Not exact matches

The death benefit for both term and permanent life insurance is paid to your beneficiaries free of income tax.

Life insurance policies have a variety of tax benefits, such as the death benefit paid to beneficiaries being free of income tax.

Universal life insurance pays out a tax - free lump sum to your beneficiaries when you die, called a «death benefit.»

The life insurance death benefit is paid to your beneficiaries income tax free.

Death benefits are paid out to beneficiaries tax - free.

As such, it's important to note that one of the major benefits over products that are just investments, is that there is an income tax free death benefit payout to the insurance beneficiary.

The life insurance proceeds from your death benefit go to your beneficiary income tax free.

But again, the death benefit is tax - free to the beneficiaries.

The next major advantage of term life insurance is the death benefit goes to the beneficiary income tax free.

And another great benefit is the cash value grows in a tax favored environment, with the final death benefit from your life insurance going to your beneficiary income tax free.

Instead, your policy's death benefit payout is distributed to your beneficiary tax free.

On top of the death benefit amount, this option allows any amount left in the policy fund to accumulate cash value and the total to be paid tax - free to the beneficiary.

At death, the entire face amount, which is composed of the base death benefit and investment, is paid to the beneficiary tax - free.

In most cases, you can pass the death benefit down to your beneficiaries tax - free.

Your beneficiaries receive a tax - free, lump - sum benefit after your death to cover living expenses, mortgage and debt payments, or anything else they need

Not only does it give the beneficiary an opportunity to pay expenses, the death benefit is tax - free in most cases.

So, you get a death benefit that passes to your beneficiary income tax free when you die.

Sometimes we get so caught up in the living benefits, we forget that — Lord forbid — if something were to happen and the insured dies, the pre-designated beneficiaries get the death benefit — tax free.

There are certain instances where this is not the case, but the typical life insurance policy arrangement will have the death benefit paid to the beneficiary tax free.

Life insurance death benefits pass to your beneficiary income tax free.

The life insurance death benefit is paid income tax free to your beneficiary.

The death benefit payment is made tax - free under Canadian law, to a named beneficiary resident in Canada.

An immediate death benefit is created that passes income tax free to a named beneficiary, charity, or funeral home.

If you mean the death benefits of the insurance policy, then these funds are generally free from income tax to your named beneficiary or beneficiaries.

As a general rule, your life insurance death benefit passes to your life insurance beneficiary income tax free.

Death benefits generally pass on tax - free to your beneficiaries (always consult with your tax advisor).

All types of life insurance policies provide a death benefit to the beneficiaries; most of which are tax - free.

Death benefits generally pass on tax - free to your beneficiaries.

If the policyholder dies while the policy is in force, the coverage amount (grimly called a «death benefit») is paid out in one tax - free lump sum to the beneficiaries named in the policy.

When the policyholder passes away, the entire death benefit — which includes insurance, all transferred annuity funds and compounded market interest credits (less fees, spreads, withdrawals or any policy loans and interest)-- pass to beneficiaries completely income tax free.

In return for a premium payment, an insurance company will pay out a stated amount of tax - free death benefit to a named beneficiary — assuming, of course, the policy is in - force when the insured passes away.

For example, VUL provides tax - deferred cash value growth potential and income tax - free death benefits paid to your beneficiaries.1

One benefit of all life insurance is that the death benefit is paid federal income tax free to the beneficiaries.

The death benefit from your policy goes to your beneficiary income tax free.

The original death benefit will still be paid out income tax free and the additional amount paid out to your beneficiary will be reported as interest income.

Your policy's death benefit is paid to your beneficiary income tax free.

If your policy death benefit is $ 1 million, and the insured dies, the death benefit is paid in entirety to the beneficiary tax - free.

If the policyholder dies during the policy term, the death benefit, a tax - free lump sum of money, is paid out to named beneficiaries.

One of the biggest selling points of life insurance of all kinds, is that the death benefit is paid out to the beneficiaries tax - free.

And finally, unlike a 401k or IRA, your life insurance policy also has a death benefit that is paid to your beneficiary tax free.

Life insurance death benefit proceeds are typically tax - free lump sums of money paid to beneficiaries.

Also, the death benefit goes to the beneficiary (s) tax free.

Upon the death of the insured, the lump sum death benefit is paid income tax free to the policy beneficiary.

• Allows policyholder to lock in a guaranteed death benefit for specific time required for coverage • Provides a guaranteed tax free death benefit for beneficiaries • Provides a vehicle to pass along wealth to children or grandchildren • May be used to cover estate taxes, fees and outstanding medical bills • May be set up as a charitable trust • May be used for cash value accumulation • Ideal for a Buy / Sell Agreement • Provides a policy which is both flexible and affordable