Sentences with phrase «insurance death benefit payable»

If the life insurance death benefit paid to you is not greater than the amount of the life insurance death benefit payable at death then it is not taxable and you should not include it on your tax return.

Not exact matches

Term life insurance is not taxable if the death benefits are payable to a named beneficiary (which must be a real person).

Whole insurance offers lifelong protection with premiums that never increase, and provides cash benefits payable at your death.

This insurance policy death benefit is payable to the company providing owners with the financial flexibility needed to hire a replacement.

The definition of life insurance death benefit is the amount of money payable to the beneficiary or beneficiaries listed on a life insurance policy upon the death of the insured, minus any policy loans.

4 Accidental Death Benefit Rider doubles the insurance proceeds payable when death occurs prior to age 65 as a result of accidental bodily inDeath Benefit Rider doubles the insurance proceeds payable when death occurs prior to age 65 as a result of accidental bodily indeath occurs prior to age 65 as a result of accidental bodily injury.

Following R's death, D, his widow, filed an application for the lump - sum death benefit payable on his earnings record, as well as for a widow's insurance benefit to which she was also entitled on his earnings record.

The proceeds or benefit that is payable to the beneficiary of a life insurance contract upon the death of the insured.

Proceeds In life insurance or annuities, the net amount of death benefit payable by the company at the insured's death.

If you're not completely sure what term insurance means, then to put it simply, it is a life insurance which solely covers death benefits and which is only payable if you die during the life of the policy.

Death Benefit Life insurance policy proceeds payable to the beneficiary upon proof of the insured's dDeath Benefit Life insurance policy proceeds payable to the beneficiary upon proof of the insured's deathdeath.

Term life insurance, for example, provides a straight death benefit, payable upon the death of the policyholder.

However, it is not uncommon to see a buy / sell arrangement that has nothing but funding, meaning that, should one of the business owners die, a life insurance death benefit would be payable to the business (in an entity buy / sell) or the surviving partners (cross-purchase), which can be used to purchase the deceased business owner's shares or interests.

Often, even if you've had trouble obtaining traditional life insurance due to health reasons, you will qualify for a mortgage term policy although the benefit may not be payable if death occurs within the first two years.

To do this, add all available savings, stocks, bonds, mutual funds, the death benefit payable under existing life insurance (such as group life through your employer), and Social Security.

Provides the benefit of waiver of all future premiums payable under the base Life Insurance Policy on the earlier occurrence of Untimely Death, Accidental Permanent Total Disability or Critical Illness.

With North American Life Insurance Company's Custom Guarantee universal life insurance policy, an insured has the ability to have guaranteed death benefit protection up to his or her age 120, with no premiums payable afterInsurance Company's Custom Guarantee universal life insurance policy, an insured has the ability to have guaranteed death benefit protection up to his or her age 120, with no premiums payable afterinsurance policy, an insured has the ability to have guaranteed death benefit protection up to his or her age 120, with no premiums payable after age 100.

Term insurance is the most affordable type of coverage and offers a substantial benefit payable upon death.

If the benefit is payable at the moment of death, then T (G, x): = G - x and the actuarial present value of one unit of whole life insurance is calculated as

If your policy was issued after 8/16/2006, the life insurance death benefit on the life of a company employee payable to policy owner / employer can be subjected to income taxes.

An acceleration life insurance policy makes a portion of the death benefit (usually 25 %) payable to the insured for a specified medical condition prior to death.

An Accelerated Death Benefit, may also be known as Accelerated Life Insurance Policy, under which part of the death benefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior to dDeath Benefit, may also be known as Accelerated Life Insurance Policy, under which part of the death benefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior toBenefit, may also be known as Accelerated Life Insurance Policy, under which part of the death benefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior Insurance Policy, under which part of the death benefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior to ddeath benefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior tobenefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior to deathdeath.

The Custom Guarantee universal life product that is offered through North American Life Insurance Company provides a guaranteed death benefit up to the insured's age 120, with no premiums payable after age 100.

The company's Simplified Life is a graded death benefit whole life insurance policy is issued to those aged 50 — 80, providing death benefits from $ 2,500 to $ 25,000, level premiums guaranteed never to increase and a full death benefit payable after two policy years.

Accelerated Death Benefit — available to insured employees with a life expectancy of 12 months or less allowing them to collect a percentage of their life insurance benefit early and the remaining benefit is then payable to the benefBenefit — available to insured employees with a life expectancy of 12 months or less allowing them to collect a percentage of their life insurance benefit early and the remaining benefit is then payable to the benefbenefit early and the remaining benefit is then payable to the benefbenefit is then payable to the beneficiary.

The clause in the Insurance Contract that defines that no death benefits will be payable by the Insurer, in case the Insured commits suicide during a specified initial period, usually in the first year of the policy.

Any sum received other than as death benefit under an insurance policy which has been issued on or after April 1 2003 and if the premium payable in any of the years during the term of the policy does not exceed 20 % of the sum assured.

With both life insurance and key man life, there is a policy owner who makes premium payments to a life insurance company for the guarantee a specified amount of money, referred to as the death benefit, will be payable to the beneficiary.

This insurance policy death benefit is payable to the company providing owners with the financial flexibility needed to hire a replacement.

And the words «tax free» should not really be associated with life insurance, except for the death benefit payable to your beneficiary.

Term life insurance is not taxable if the death benefits are payable to a named beneficiary (a real person).

Death benefit is the amount on a life insurance policy, annuity or pension that is payable to the beneficiary when the insured or annuitant passes away.

Joint Life and Survivor Insurance Joint Life and Survivor Insurance provides coverage for two or more persons with the death benefit payable at the death of the last of the insureds.

Suicide Exclusion: If the Life Assured commits suicide within one year from the risk commencement date or revival date, if revived, whether sane or insane at that time, the Company will limit the Death Benefits to the Fund Value as available on the death date and no insurance benefit will be payDeath Benefits to the Fund Value as available on the death date and no insurance benefit will be paydeath date and no insurance benefit will be payable.

Joint Life Insurance Joint Life Insurance provides coverage for two or more persons with the death benefit payable at the first death.

Suicide Exclusions: If the Life Assured commits suicide within 12 months from the policy commencement date or revival date, whether sane or insane at that time, the Company will limit the Death Benefit to the Fund Value and no insurance benefit will be pBenefit to the Fund Value and no insurance benefit will be pbenefit will be payable.

Death Benefit: insurance or pension money payable to a beneficiary of a deceased insured on a tax - exempt basis

Suicide exclusion under Death Benefit: - In case the insured member commits suicide whether sane or insane, within 12 months from the policy inception date or from the date of inception of the member under the group insurance scheme, whichever is later, then higher of 80 % of the premiums paid or surrender value in respect of concerned insured member is payable to the nominee / beneficiary.

The provision amends an individual life insurance policy to make the death benefit payable to the surviving spouse after the death of either one.

The death benefit payable under this Reliance term insurance cover will be the applicable Sum Assured

Apart from this, if the insured owns a joint term insurance policy, then only one death payout is offered under the policy, even in the case of accidental death of both the insured persons, only one death benefit is payable to the beneficiary of the policy.

Term insurance is the simplest form of life insurance plan that offers comprehensive life coverage over a period of time and in case the insured person dies during the tenure of the policy, the guaranteed death benefit is payable to the nominee of the policy.

No benefit shall become payable in case of death of the Life Assured while the ICICI term insurance policy is in lapsed condition.

DHFL Pramerica Family Income Plan is a decreasing term plan offered by DHFL Pramerica Life Insurance wherein the death benefit may either be payable in a lumpsum to the nominee or in equal monthly installments till the end of the policy tenure.

Over time, the guaranteed cash value, and dividends (when payable) can be used for the trust's immediate use, or the dividends could purchase paid - up additional insurance to increase the total death benefit payable to the trust.

Answer: Death benefit is payable on the death of the policyholder within the active term of the policy or when it has a Reduced Insurance CDeath benefit is payable on the death of the policyholder within the active term of the policy or when it has a Reduced Insurance Cdeath of the policyholder within the active term of the policy or when it has a Reduced Insurance Cover.

Suicide Exclusion: If the Life Assured commits suicide within one year from the Policy Commencement Date, whether sane or insane at the time, the Company will limit the Death Benefit to the Fund Value as available on the date of death and no insurance benefit will be payDeath Benefit to the Fund Value as available on the date of death and no insurance benefit will be pBenefit to the Fund Value as available on the date of death and no insurance benefit will be paydeath and no insurance benefit will be pbenefit will be payable.

Death benefit: Death benefit is the amount on a life insurance policy, annuity or pension that is payable to the beneficiary when the insured or annuitant passes away.

Endowment life insurance products hence provide life protection throughout the term of the policy contract, that is to say in the event of eventuality the defined sum assured / death benefit is payable to the nominee and in case of survival, maturity proceeds are payable as survival benefit.

A death benefit is the amount stated in a life insurance policy to be payable to the beneficiaries in case the insured passes away.