Sentences with phrase «holder dies any time»

you have not considered that entire sum assured will be given to nominee in case of death of policy holder dies any time before maturity without deducting the survival benefits already paid.

Not exact matches

When it is time for either college or retirement, the policy holder can borrow money from the cash value and pay it back with the death benefit when they die.

At 66, time is running out for me — I started attending in1958 and gave up coming last season, having been a season ticket holder for 40 years plus, going home and away for many years when I was younger — but I want our club in honourable hands again before I die and the cancerous elite that has us by the throat, cut out and defeated by direct fan action.

Holder was struck in the head and rushed to nearby Harlem Hospital, where he died a short time later at roughly 10:22 p.m.

- the Roth IRA investor must be 59 and 1/2 years or older at the time of the distribution - the Roth IRA investor becomes disabled at the time of taking the distributions - the Roth IRA investor dies and his / her beneficiary receives the assets contained in the plan - the distributions taken from the Roth IRA will be used in the purchase or building of a new home for the Roth IRA holder or qualified family member.

If you and the successor holder die at the same time, the beneficiary will get the money.

If I name my spouse as the succesor holder, do I need to name some beneficiaries in case we both die at the same time?

If you have designated both a successor holder, and a beneficiary, at your death, the person designated as your successor holder will become the holder of your TFSA except if that person has either a) died before you; or b) is no longer your current spouse or common - law partner at the time of your death.

There are two main types of insurance: Term and Permanent, whereas term insurance is covering the risk of a policy holder dying for a predefined time period, say 20 years, and permanent insurance provides lifetime coverage.

Choreographer and dancer Geoffrey Holder, 84, a legend in the cultural arts community who was also an actor, composer, designer and painter, died on Sunday, Oct. 5, in Manhattan, the New York Times reports.

The only time you may run into longer turnaround times when filing a life insurance claim is if the policy holder dies within the 24 month contestability period.

A Term Life policy pays a benefit to the beneficiaries only if the policy holder dies during the time period for which the policy was initially contracted and has remained current on their annual or monthly premium payments.

Term Insurance is a type of life insurance only, a byproduct that implies financial coverage provided to the policy holder for a particular time period; if the insured dies during the term then death benefits are paid to the beneficiary but it ceases if one outlives the set term of the policy.

The term plan is available for a specific time period in which if the policy holder dies the nominee will get the death benefit.

If the policy holder dies before 15 years he will get 10 Times of the Premium Paid i.e He will get around Rs 425,800.

For this policy, the client must live for a certain period of time, which is usually two years.If the policy holder dies before that time, the life insurance company will pay out the amount that was paid into the policy up to that date.

There are two main types of insurance: Term and Permanent, whereas term insurance is covering the risk of a policy holder dying for a predefined time period, say 20 years, and permanent insurance provides lifetime coverage.