Sentences with phrase «insurance dies the insurance»

When someone with life insurance dies the insurance company pays off a large lump sum.

Not exact matches

Key man insurance pays out when an invaluable team member dies or, more commonly, becomes disabled.

In those cases, a term life insurance policy can cover that debt should you die before it's zeroed out, she said.

If you need life insurance, the longer you delay, the more you'll pay — essentially, because your risk of dying increases with age.

As the name implies, term life insurance will provide a death benefit if an individual dies within the policy's term, up to 20 years typically.

Other policies to consider include: • Key employee insurance life or disability income insurance compensates a business when certain key employees become disabled or die.

Life insurance is intended to replace lost income if the policyholder dies prematurely, he explained.

For instance, if your spouse died, you'll want to locate a will, if there is one, and obtain a death certificate so that you can begin the process of claiming any life - insurance death benefits and other possible benefits.

* Second - to - die insurance.

Do ask yourself: If today I gave you a check in the amount of the death benefit of the life insurance policy you're considering, would you quit your job and work free for me until you die?

Cash value that's left in your life insurance policy when you die is kept by the insurer.

AD&D insurance is similar to a life insurance policy in that both offer a death benefit, but your beneficiary wouldn't receive a payout if you died due to an illness.

He told Squawk Box that his holding company (which would probably operate under a different name) would be «worth twice as much as it is now» if he had just bought a good insurance company instead of putting so much money into a dying textile business.

When I said that the cult of equity was dying, what I meant was that those investors and those liabilities structures such as pension funds and insurance companies that have depended on a 6.5 % constant real return from stocks such as we've have had over the past century are bound to be disappointed.

In an immediate annuity, the purchaser gives an insurance company a lump sum of cash and receives payments until they die.

In the event that you die with policy loans outstanding, your insurance company will deduct the unpaid amount plus any accumulated interest from your death benefit.

If the misstatement is not discovered until after you die, the insurance company must compute the amount of insurance your premiums would have purchased for someone of your actual age or sex and pay your beneficiary that amount.

At the most basic level, the purpose of life insurance is to replace something of monetary value when someone dies.

If you die during the grace period, your beneficiary will receive the full value of the death proceeds of your life insurance policy minus any premium that is owed to your life insurance company.

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

You might also want life insurance to cover college expenses for your kids if you die, or pay off your mortgage at that point, or to pay for funeral expenses, or to protect the income your business gets from a key employee.

SASKATOON STARPHOENIX: Brother of Melfort Woman Who Died in China Warns Others to Get Insurance

In addition, some mortgage protection policies will only pay a death benefit if you die from an accident, similar to accidental death insurance.

In basic terms, mortgage life insurance pays off your mortgage balance if you die while the policy is in effect.

If you die under covered terms, the insurance company sends a check to the lender.

This means that if you die due to an accident while covered under a life insurance policy with an AD&D rider, your beneficiaries could receive up to twice your face amount — one payout equal to your face amount from the life insurance half of the policy, and another payout from the AD&D rider.

Term life insurance provides affordable coverage for a defined period of years, with its primary purpose to replace income or help pay off outstanding debts if the insured dies during that time.

Overall, we recommend buying a traditional life insurance policy over an AD&D policy to ensure your loved ones are financially protected no matter how you die.

Designed to provide a survivorship life insurance solution for clients seeking strong protection and accumulation guarantees, this new second - to - die whole life product can cover two lives more cost effectively than two comparable individual policies.

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

A financial advisor can furnish clients with reports that illustrate their loved ones» potential financial positions if a provider were to die today and show them how life insurance can help provide a solution for survivors.

A death benefit is a payment that the insurance company will make to your beneficiary if you die.

One of the key differences to understand is that while you can purchase much more term life insurance than permanent insurance for your money, if you don't die during the term, your favorite charity won't receive any death benefit.

Empty nesters who may have a mortgage and don't want to burden their spouse with this expense if they die will need life insurance too.

If John dies prematurely within the 20 - year period, the insurance company pays his beneficiary a benefit of $ 500,000.

Basically, someone with a terminal disease would sell his or her life insurance policy at a discount so they could have money to pay medical bills and what not and then when that individual died, the buyer would cash in the full amount of the policy.

I have posted the following response: It is good Drummond confesses that his free - market policy prescriptions failed to improve productivity, but old habits apparently die hard: â $ œWe have an Employment Insurance scheme that basically dissuades people from going where the jobs are.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

If a corporation owns life insurance and the insured dies, then the death proceeds become part of the general assets of the corporation and the value of the stock owned by each surviving shareholder will be increased by an amount proportionate to his or her interest.

Key employee insurance is designed to help protect a business from the financial losses that may occur when a key employee dies.

Yes, but you neglect to consider that the money you save by opting to go with term insurance can be invested, and you'll probably be out way ahead with that money for your beneficiaries and heirs rather than if they wait for you to die and collect their benefits through a whole life policy.

The trust owns the life insurance policy and collects the death proceeds when the insured dies.

If the client dies before the annuity period is over, the insurance company keeps the remaining money.

Life insurance is for our families to be used in case we die.

Their parents have died, and we can not afford insurance premiums for them.

People like you usually have insurance and never had to face the devastating fact a loved one will die, even though there is medicine or care that could save them, just because they don't have insurance or their child is born with a preventable birth defect because they couldn't afford pre-natal care or had to choose between eating / shelter or medical care / prescriptions... the self - centered extreme right.

Among them are the rights to: bullet joint parenting; bullet joint adoption; bullet joint foster care, custody, and visitation (including non-biological parents); bullet status as next - of - kin for hospital visits and medical decisions where one partner is too ill to be competent; bullet joint insurance policies for home, auto and health; bullet dissolution and divorce protections such as community property and child support; bullet immigration and residency for partners from other countries; bullet inheritance automatically in the absence of a will; bullet joint leases with automatic renewal rights in the event one partner dies or leaves the house or apartment; bullet inheritance of jointly - owned real and personal property through the right of survivorship (which avoids the time and expense and taxes in probate); bullet benefits such as annuities, pension plans, Social Security, and Medicare; bullet spousal exemptions to property tax increases upon the death of one partner who is a co-owner of the home; bullet veterans» discounts on medical care, education, and home loans; joint filing of tax returns; bullet joint filing of customs claims when traveling; bullet wrongful death benefits for a surviving partner and children; bullet bereavement or sick leave to care for a partner or child; bullet decision - making power with respect to whether a deceased partner will be cremated or not and where to bury him or her; bullet crime victims» recovery benefits; bullet loss of consortium tort benefits; bullet domestic violence protection orders; bullet judicial protections and evidentiary immunity; bullet and more...

He says an estimated 45,000 Americans die each year because they don't have insurance that provides them access to the care they need.

Yeah, Jesus would have been SO down with 1 % of the population holding 90 % of the wealth while children starve and die of curable illnesses because their parents can't afford health insurance.