Sentences with phrase «insurance contract paid»

Generally, amounts you receive under a life insurance contract paid by reason of the death of the insured are not included in your gross income; such proceeds are received tax - free.

For a set, agreed upon premium amount, an insurance contract pays out on legitimate losses and claims filed by the insured customer.

Not exact matches

You have certain types of income (such as business or farm self - employment income; unreported tips; dividends on insurance policies that exceed the total of all net premiums you paid for the contract; or income received as a partner, a shareholder in an S corporation, or a beneficiary of an estate or trust)

footnote † Product guarantees are based on the claims - paying ability of the insurance company that issues the contract.

A contract's financial guarantees are subject to the claims - paying ability of the issuing insurance company.

Geithner and Obama warned that if Greek bondholders were not paid in full, some giant U.S. banks would lose heavily on the default insurance contracts and derivatives they had written, and their losses could spread «contagion» to Europe.

However, the insurance company will keep the proceeds that are paid into the contract if the annuitant dies before reaching the age of payout.

With an annuity, however, you enter into a contract with an insurance company to pay a certain amount for the rest of your life, giving you the peace of mind that comes from knowing your income will never run out.

Like Life Insurance policy, a health insurance policy is a legal contract between insurer and insured; in which insured pays premiums and in returns, insurer agrees to pay for medical expenses for a specified limit or sumInsurance policy, a health insurance policy is a legal contract between insurer and insured; in which insured pays premiums and in returns, insurer agrees to pay for medical expenses for a specified limit or suminsurance policy is a legal contract between insurer and insured; in which insured pays premiums and in returns, insurer agrees to pay for medical expenses for a specified limit or sum insured.

Allianz Life paid out more than $ 2.7 billion in benefits to its policyholders and contract owners via life insurance and annuity payments, up 4 percent from the prior year.

Notwithstanding the claims of the Obama administration, employers will still be facilitating the coverage to which they object, in the contracts they make with insurance companies, and in most cases will actually still be paying in full for the coverage.

If the answer to question 1 is «Yes» then the SCOTUS made a grave error in allowing corporations to pay their employees less than they agreed to in the contract to provide health insurance coverage regardless of their faith in return for hours worked.

It guarantees insurance by having numerous lawyers there to read insurance contracts, protect Intended Parents and Surrogates from insurance company refusals to pay and being backed up by Lloyds of London due to its long history of success.

We bill insurance for you and promptly reimburse your costs, per the terms of your insurance contract, once insurance pays your claim.

Nearly half of the union members do not pay for health insurance, and the town wants the next contract to include a change.

Negotiations with the public employee unions on contracts will have a dramatic impact on the budget as the county grapples with the rising cost of health insurance and rapidly escalating costs of paying into the public employee retirement and pension system.

While their tentative contract with the state includes assurances against paying a higher share of health insurance costs, Public Employees Federation members will have to wait a bit longer to find out how much the coming year's health insurance premiums will be.

These farmers have no insurance cover therefore they will have to find means of paying back the loans they contracted from family and friends and their bankers.

* A contribution toward health insurance: Fully - paid health insurance is gone under the new contract, with teachers agreeing to pay a flat dollar amount.

Your union can help if you want better pay or if anything bad happens to you, but like any insurance it can only help if you have been a member for some time prior to a crisis,» say members of the AUT's Contract Research Staff Committee.

As a contract worker, I have to pay for my own health insurance, but I'll happily trade fringe benefits for a fun job.

Back in their classrooms after a nearly three - week strike that ended just before Thanksgiving, teachers in Billings, Mont., approved a hard - fought contract last week that will give them 2.5 percent pay raises and additional help with health insurance.

Next, a school district in Illinois just awarded its teachers a 10 - year contract that includes a 40 percent salary increase over its term, preserves a pre-retirement, 6 percent yearly pay spike to boost teachers» pensions, an increase in sick - days from 15 to 24 per year, and a freeze on health insurance and prescription drug costs for district employees for the 10 - year period.

The district's contract proposal phased out the district's longstanding practice of picking up the bulk of teacher pension contributions and increased union insurance premiums in exchange for a series of pay hikes over four years and a promise of no economic layoffs.

Members of New York's second largest state government union, the Public Employees Federation (PEF), have voted to ratify a four - year contract that includes a three year freeze in base pay, ten payless furlough days, and a permanent increase in employee contributions to health insurance.

Care by Volvo takes care of insurance, maintenance, and «ownership» of the XC40 on a lease type basis, effectively creating a cell - phone contract - like subscription in which the driver only needs to pay for refuelling, with all other costs covered within the monthly subscription fee.

We offer extended service contracts on all carsranging from 3 months / 4500 miles to 48 months / 50000 miles.service contracts may be purchased and financed within the car loan or paid for in full outside of the car loan.guaranteed asset protection (gap) Coverage is also available to cover the difference between an insurance settlement and the remaining loan due in the event of total loss of the vehicle.off site pre-purchase inspections are available with in 5 miles range from our dealership as long the check up it is not performed by any franchise dealers.

Oh ok I didn't know about tablets and insurance but my point is still valid it's cheaper that way to just add 14 bucks and use hotspot / tether, cause your using data anyway so you might as well use the data your already paying for instead of opening another contract and you use it when you need it.

A contingent beneficiary is specified by an insurance contract holder or retirement account owner as receiving proceeds if the primary beneficiary is deceased, unable to be located or refuses the inheritance at the time the proceeds are to be paid.

If you have a cash value policy and can no longer afford to pay the contract's premiums but still need insurance, for example, your carrier may be able to continue insuring your life by using your policy's cash value to buy term life insurance.

Regardless of the company you currently maintain your life insurance policy with, canceling your life insurance will typically require you to do more than stop paying your contract's premiums.

Annuity — A contract in which an insurance company makes a series of income payments at regular intervals in return for a premium or premiums you have paid.

All contract guarantees, including optional living and death benefit riders and annuity payout rates, are backed by the claims - paying ability and financial strength of issuing insurance company.

All contract and rider guarantees, including optional benefits and annuity payout rates, are subject to the claims paying ability and financial strength of the issuing insurance company.

With an annuity, you pay an insurance company up front in exchange for a promise that they pay you a set amount for the rest of your life or for however long the contract specifies.

It can be used if you're not capable of making financial decisions or doing things like paying your bills, signing contracts, making insurance claims, and filing taxes.

For example, the new servicer can't close the escrow account if your mortgage contract has an escrow account to pay insurance premiums and property taxes.

Under current federal tax rules, you generally may take federal income tax - free withdrawals up to your basis (total premiums paid) in the policy or loans from a life insurance policy that is not a Modified Endowment Contract (MEC).

An annuity is financial contract in which an investor pays a lump sum of money to an insurance company in return for a series of future payments.

With limited pay policies, particularly those that are funded using paid up additions, it is important to keep an eye on the MEC level where your policy changes from life insurance to a modified endowment contract.

An immediate annuity is a contract between you and an annuity issuer (an insurance company) to which you pay a single lump sum of cash in exchange for the issuer's promise to make payments to you (or the annuitant) for a fixed period of time or for the life of the annuitant.

Front - end loads are assessed as a percentage of the total investment or premium paid into a mutual fund, annuity or life insurance contract.

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.

If you're not familiar a term life insurance policy is a contract that pays a specific amount of money upon the policy - holder's death.

In contrast to term insurance, a whole life insurance policy pays the death benefit stipulated in the contract upon the death of the insured, regardless of when it may occur.

This is true as long as the policy qualifies as an insurance contract EVEN IF strategies are used to maximize the policy cash value through paid up policy additions.

Life insurance is a contract between you and a life insurance company to guarantee your survivors a sum of money upon your death, provided that all of the premiums are paid and the policy is still in force.

footnote † Product guarantees are based on the claims - paying ability of the insurance company that issues the contract.

If you fund the contract with more premium than is necessary to keep the policy in force over any seven - year period, the life insurance policy fails the seven - pay test.

Certain cash value life insurance policies can become modified endowment contracts if they're paid - up over a shortened period, which can have negative tax implications.