Sentences with phrase «insurance contract without»

A free look period is that duration where a policyholder is given time to think over and can terminate the insurance contract without any penalities.

When a policyholder or insured is unable to change the terms of the insurance contract without the authorization of the beneficiary.

Added feature where the policyholder can not make changes to the life insurance contract without the beneficiary's consent.

Not exact matches

To the fullest extent permitted by applicable law, you agree to indemnify, defend and hold harmless Daily Harvest, and our respective past, present and future employees, officers, directors, contractors, consultants, equityholders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns (individually and collectively, the «Daily Harvest Parties»), from and against all actual or alleged Daily Harvest Party or third party claims, damages, awards, judgments, losses, liabilities, obligations, penalties, interest, fees, expenses (including, without limitation, attorneys» fees and expenses) and costs (including, without limitation, court costs, costs of settlement and costs of pursuing indemnification and insurance), of every kind and nature whatsoever, whether known or unknown, foreseen or unforeseen, matured or unmatured, or suspected or unsuspected, in law or equity, whether in tort, contract or otherwise (collectively, «Claims»), including, but not limited to, damages to property or personal injury, that are caused by, arise out of or are related to (a) your use or misuse of the Sites, Content or Products, (b) any User Content you create, post, share or store on or through the Sites or our pages or feeds on third party social media platforms, (c) any Feedback you provide, (d) your violation of these Terms, (e) your violation of the rights of another, and (f) any third party's use or misuse of the Sites or Products provided to you.

In an example provided by the FCA, a non-advised sale would be providing generic information «recommending your client should buy household contents insurance (without mentioning a specific insurer or policy) that is unconnected with the sale of a contract.»

Universal life insurance quotes online for contracts without a medical examination requirement, offer flexibility.

Insurance is a contract, and there is no contract without a payment.

Some term insurance contracts have a convertibility provision which allows «conversion» to a permanent policy without submitting additional medical evidence of insurability.

And because it is a «fixed» contract with the return on crediting based upon an index, insurance agents call sell them without a securities license.

Home buyers who have a 20 % Down - Payment (without mortgage insurance) are now able to buy a home under a contract price of $ 766,187.

For seniors, the goal is to speed up the cash value accumulation process either without the life insurance contract becoming a Modified Endowment Contract (MEC) or allowing a MEC intentcontract becoming a Modified Endowment Contract (MEC) or allowing a MEC intentContract (MEC) or allowing a MEC intentionally.

Gain on a full surrender Gain on partial distributions IRA distributions TSA / ORP distributions Correction of excess contributions to IRAs Conversion of IRA assets to a Roth IRA Gain on surrender of Paid Up Additions (PUAs)(Note: Automatic surrender of PUAs for Value Pay is not a taxable event) Processing of Non-Forfeiture Option (NFO) to Extended Term Insurance (ETI) or Reduced Paid Up (RPU) Interest earned on dividend accumulations Loan on a MEC Dividend used to reduce loan interest on a Modified Endowment Contract (MEC) Dividend used to reduce loan on a MEC Compound of loan interest on a MEC Gain recognized on lapsed contract with a loan Collateral assignment on a MEC Non-qualified Annuity (NQA) Collateral Assignments Special interest paid on money held too long Interest earned on advance premiums 1035 exchange without paying off loan first Earnings on non-individual owner contracts for which an exception under section 72 (u) of the Internal Revenue Code does nContract (MEC) Dividend used to reduce loan on a MEC Compound of loan interest on a MEC Gain recognized on lapsed contract with a loan Collateral assignment on a MEC Non-qualified Annuity (NQA) Collateral Assignments Special interest paid on money held too long Interest earned on advance premiums 1035 exchange without paying off loan first Earnings on non-individual owner contracts for which an exception under section 72 (u) of the Internal Revenue Code does ncontract with a loan Collateral assignment on a MEC Non-qualified Annuity (NQA) Collateral Assignments Special interest paid on money held too long Interest earned on advance premiums 1035 exchange without paying off loan first Earnings on non-individual owner contracts for which an exception under section 72 (u) of the Internal Revenue Code does not apply

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.

This provision allows you to exchange an existing insurance policy or annuity contract for a newer contract without having to pay taxes on the accumulation in your old contract.

So what should you do if you want to cash out of your existing insurance policy or annuity contract and trade into one that better suits your financial needs, without having to pay income taxes on what you've accumulated?

Without a contract, there is no insurance.

Without you paying money as consideration for the insurance, there is no binding contract.

The problem is that the health insurer sent a «Reimbursement Contract» to the client insisting that the client has to sign a new contract promising to reimburse the health insurance program in full when the client makes a recovery for their injuries and without regard for Georgia's «made whole» dContract» to the client insisting that the client has to sign a new contract promising to reimburse the health insurance program in full when the client makes a recovery for their injuries and without regard for Georgia's «made whole» dcontract promising to reimburse the health insurance program in full when the client makes a recovery for their injuries and without regard for Georgia's «made whole» doctrine.

What we are finding is the hospitals are firing off these liens without bothering to bill the health insurance in pursuit of a higher dollar recovery for the hospital and in potential violation of the contract for health insurance.

Note that if you leave the scene of the accident without reporting to the police and / or exchanging information with the other parties, you may be charged under the Motor Vehicle Act or may be held in breach of your contract of insurance with ICBC.

22 The right under sections 1 and 3 to equal treatment with respect to services and to contract on equal terms, without discrimination because of age, sex, marital status, family status or disability, is not infringed where a contract of automobile, life, accident or sickness or disability insurance or a contract of group insurance between an insurer and an association or person other than an employer, or a life annuity, differentiates or makes a distinction, exclusion or preference on reasonable and bona fide grounds because of age, sex, marital status, family status or disability.

(2) The right under section 5 to equal treatment with respect to employment without discrimination because of sex, marital status or family status is not infringed by an employee superannuation or pension plan or fund or a contract of group insurance between an insurer and an employer that complies with the Employment Standards Act, 2000 and the regulations thereunder.

A major private equity firm concerning a self - report to the effect that they had breached the general prohibition by arranging contracts of insurance without FCA authorisation.

The Court reasoned that it would be unfair to the insurance company to allow an increased risk for an owned vehicle which was not listed in the contract to be covered without allowing the liability company to increase premiums to account for such risk.

Seven - Pay Test This is the maximum annual premium that can be paid during the first seven policy years (or after a material change) without causing a cash value life insurance policy to become a Modified Endowment Contract (a MEC).

Avoid Modified Endowment Status: If the subsequent premiums paid into the new policy, other than the exchange proceeds, are within the new 7 - pay limit, then a 1035 Exchange of a life insurance policy allows the policy owner to place the original contract's entire value in the new policy without creating a modified endowment contract, or MEC.

A renewable term is a clause in a term insurance contract that allows the beneficiary to extend the coverage term for a set period of time without having to requalify for coverage.

In case, the policyholder purchases a policy without mentioning this fact, he may be granted the cover based on his declaration, however, in case of an early death, the insurance company is within its rights to repudiate the claim as he has not disclosed material facts at the time of entering the contract.

A 1035 exchange provides a means for exchanging an annuity contract or life insurance policy without being treated as if it had been surrendered or sold.

The proceeds of a life insurance contract are payable immediately, allowing heirs to take care of estate duty liabilities, funeral costs, and other debts without having to liquidate assets, often at a fraction of their true value.

Conversion Option - Plans are convertible to permanent life insurance without evidence of insurability prior to the final five years of the end of the contract term.

When you receive an insurance quote and purchase an insurance policy from us, you have a fourteen - day period during which you can change your mind and withdraw from the contract without any penalty however you may be charged for any time you were covered for prior to this.

Since life insurance is a contract between the insurance company and the owner of the policy (in this case your daughter's biological father), it can be difficult to track down the life insurance policy without knowing the specific company it was issued from.

Plans are convertible to permanent life insurance without evidence of insurability prior to the final five years of the end of the contract term.

If you own the vehicle without any financial contracts such as a loan, lease or the vehicle as collateral, all you are required to maintain in most states is liability insurance.

A: Yes, life insurance policies are «unilateral contracts», which means the policy can be cancelled at any time, without penalty, by simply stopping premium payments.

During this period you can return your insurance contract for any reason without having to provide a reason, and the insurer must return any monies paid.

Since we signed our contract for a car insurance he has explained everything to us without a gap.

Without a validly named beneficiary, the life insurance proceeds will be distributed according to the terms of the insurance contract.

Rather than purchasing equities outright, the insurance company typically enters into options contracts using some portion of the policy premium, which enables them to pass on the upside gains without the downside losses — but at the cost of an additional counterparty risk.

Insurance is a contract, and there is no contract without a payment.

If the loan is still outstanding when the policy lapses or if you later surrender the insurance, the borrowed amount becomes taxable to the extent the cash value (without reduction for the outstanding loan balance) exceeds your basis in the contract.

So there is no maturity value (no money is paid out in the event of insurance holder surviving without contracting cancer — which is good news in itself)

Thus, a 5 year term life insurance contract can be renewed for another 5 years, and a 10 year term life insurance contract can be renewed for an additional 10 years, all without providing any proof of insurability.

There's no way of telling without examining your insurance contract as each insurer and policy may have different conditions on the return of premiums.

A life insurance contract is not valid without insurable interest.

Using dividends to purchase additional paid up whole life insurance is a way to systematically increase both cash value and death benefit in the same way as paid up additions would do so without violating the MEC rules for life insurance contracts.

For seniors, the goal is to speed up the cash value accumulation process either without the life insurance contract becoming a Modified Endowment Contract (MEC) or allowing a MEC intentcontract becoming a Modified Endowment Contract (MEC) or allowing a MEC intentContract (MEC) or allowing a MEC intentionally.

This is more due to state insurance regulations... you must be able to enter into a contract on your own, and can't have a family member or other ward put money on your life without your full understanding.

Without you paying money as consideration for the insurance, there is no binding contract.