Sentences with phrase «insurance on the life of»

A Whole Life insurance policy is insurance on the life of the insured.

It may be wise to take out life insurance on the life of any student with a private loan.

The taxable ordinary income to the employee is the premium cost of one - year term insurance on the life of the employee minus that portion of the premium paid by the employee.

Quite simply baby life insurance is insurance on the life of a child.

A simple application for insurance on the life of the key person is completed and submitted to the insurance company.

Many families with special needs children request that the trust purchase life insurance on the life of one or both parents.

So, life insurance is a legal document, whereby the owner contracts with the insurer to place insurance on the life of the insured for the benefit of the beneficiary.

In the following article we will attempt to provide some basic beneficial scenarios of life insurance on the life of a business owner.

This coverage allows the policy owner to purchase additional amounts of insurance on the life of the insured person without evidence of insurability up to a maximum of 5 times.

Traditional life insurance, also called first to die life insurance, is insurance on the life of a single individual.

Furthermore, key man insurance and other employer - owned life insurance is specifically covered under Section 1.264 - 1 (a) and states the premiums paid for life insurance on the life of any officer, employee, or person financially interested in a business carried on by the taxpayer are not deductible where the taxpayer is directly or indirectly a beneficiary of the policy.

Effective use of a buy - sell agreement funded with life and disability income insurance on the lives of each business owner can provide peace of mind and assure the owner's desires are satisfied.

The cost of employer - provided group - term life insurance on the life of an employee's spouse or dependent, paid by the employer, is not taxable to the employee if the face amount of the coverage does not exceed $ 2,000.

Buying life insurance on the life of such a person is known as key man, or key employee, life insurance.

A Whole Life insurance policy is insurance on the life of the insured.

If he had sufficient key employee life insurance on the life of his valuable employee the company would have survived.

For example, a business person may purchase life insurance on the life of a business partner to decrease the financial impact it would cause their company.

That's why investors purchase a keyman insurance on the life of the entrepreneur.

That's why investors purchase a Keyman insurance on the life of the entrepreneur.

If a seller is covering the closing costs, they are probably including that expense in the cost of the house, meaning that you will be financing a larger loan and will be paying more interest and more mortgage insurance on the life of the loan.

Not exact matches

Baehr's mentor, Walter Hailey, whose insurance company Lone Star Life Insurance went on to become a Kmart insurance company, used to take an hour - long walk at 5 a.m. every morning with a group of close friends to talk about ideas, successes and insurance company Lone Star Life Insurance went on to become a Kmart insurance company, used to take an hour - long walk at 5 a.m. every morning with a group of close friends to talk about ideas, successes and Insurance went on to become a Kmart insurance company, used to take an hour - long walk at 5 a.m. every morning with a group of close friends to talk about ideas, successes and insurance company, used to take an hour - long walk at 5 a.m. every morning with a group of close friends to talk about ideas, successes and failures.

Make sure you have an appropriate amount of life insurance, especially if family members depend on your income.

Anyone holding a leverage life insurance annuity, or a 10/8 arrangements (another leverage insurance product) will now be subject to accrual - based taxation and no deduction will be allowed for any portion of the insurance premium paid on the policy.

These federal changes do not impact regular life insurance held in a corporation, only the two types of life insurance arrangements that enable high net worth individuals to avoid paying personal tax on the withdrawals of retained earnings from a private corporation.

France's AXA says it will spend $ 15.3 billion on buying New York - listed insurer XL Group and speed up its plans to spin off its American life insurance business — the IPO would give it $ 6 billion to help fund the XL purchase, with the rest coming in the form of cash and debt issuance.

It's essentially providing in - house life insurance to its employees — insurance that's contingent, of course, on those people remaining employees.

«When we look at our budget on a yearly basis, we're much more mindful of «Oh yeah, I pay my life insurance premiums yearly» or «We take a family vacation every year and it's X amount of dollars.»»

The 11 billion pound merger triggered the right for Lloyds and Scottish Widows, which is part of the British bank, to review an agreement struck in 2014 for Aberdeen to manage pension assets on behalf of Lloyds» insurance and wealth units as Standard Life is a «material competitor» to both.

To «go on claim,» insurance - speak for using the benefit, you must be unable to perform at least two «activities of daily living,» such as bathing, dressing, feeding and toileting, for most policies.

Other measures include: • remove rule limiting Child Tax Credit (CTC) to one claimant per household (to allow two or more families sharing a house to claim the CTC); • repeal $ 10,000 cap on medical expense tax credit claims made on medical costs incurred for an eligible dependent; • easier access to funds in Registered Disability Savings Plans for beneficiaries with shortened life spans; • improved Employment Insurance benefits to parents of gravely ill, murdered, or missing children; and • enhanced ability to make transfers between individual RESPs, and better access to RESP funds for post-secondary students studying outside Canada.

You give an insurance company money in a lump sum or in payments over a period of years, then at retirement, the cash gets «annuitized,» or paid out in a string of payments based on your life expectancy.

A typical retired couple today receives around 220,000 yen a month, and over 80 % of the population thinks state retirement benefits already are not enough to live on, according to a survey by Japan Institute of Life Insurances.

Another main line of Genworth's business, long - term care insurance, is a risky but growing market, and Genworth pleased investors in 2013 by raising rates and cutting back on some benefits as customers live longer and become more costly to insure.

In a 2008 study, he concluded that focusing on certain services — specifically life insurance and the financing of natural resource ventures — could lead to significant development.

Small business owners take a much harder look at the entire cost of an employee, which often comprises life insurance, health care, savings plans, taxes, and so on.

China also said on Wednesday it was accelerating a plan originally announced in November to lift the foreign ownership restriction in life insurance companies, following Xi's pledge the day before to speed up the opening up of the insurance sector.

LeapFrog's first fund of $ 135 million made equity investments of between $ 5 million and $ 15 million in eight companies in Africa and Asia offering insurance and other financial products to individuals living on less than $ 10 per day.

In addition, based on years of service, Nationwide offers an option to continue with life insurance coverage, once someone retires.

Though many variables can affect the cost of insurance — a driver's age, the severity and number of dings on their record, and the make and model of the car itself — where a person lives can be the biggest deciding factor of all.

If a Googler passes away while working there, all their stock vests immediately, and, on top of the life insurance payout, their surviving spouse continues to get half of the Googler's salary for the next 10 years.

The Centers for Medicare and Medicaid Services (CMS) has issued new rules that will make it more difficult for consumers to purchase insurance on Obamacare's marketplaces outside of its set enrollment period (Obamacare allows «special» enrollment periods for people who have experienced a major life event).

Of course it depends on where you live, but in most places buying even with 5 % down and paying PM (private mortgage insurance) is a good decision.

Traditionally, different types of insurance — life, disability and long - term care, for example — have been bought separately on what Thomas Henske, certified financial planner and partner at Lenox Advisors, calls an «a la carte» basis.

The second suit was filed June 8 by the American Council of Life Insurers (ACLI) along with the National Association of Insurance and Financial Advisors (NAIFA), and the third suit was filed on June 9 by the Indexed Annuity Leadership Council.

Home to the University of Alabama system and the Mercedes - Benz assembly plant, a 30 year old driver living in Tuscaloosa will pay on average $ 1,220 for full coverage car insurance.

thanks, and yes, a pittance of a pension and regular checkups keep us on budget and head off any problems — best decision i ever made (financial or otherwise) was serving our country doing search - and - rescue, oil and chemical spill remediation, etc. (you can guess the branch of service)-- along the way, frugal living, along with dollar - cost averaging, asset allocation, and diversification allowed us to retire early — Vanguard has been very good over the years, despite the Dot Bomb, 2002, and the recession (where we actually came out better with a modest but bargain retirement home purchase)... it's not easy building additional «legs» on a retirement platform, but now that we're here, cash, real estate, investments and insurance products, along with a small pension all help to avoid any real dependence on social security (we won't even need it at full retirement age)-- however, like nearly everybody, we're headed for Medicare in several years, albeit with a nice supplemental and pharmacy benefits — but our main concern is staying fit, active, and healthy!

While rates vary depending on where you live, most people will find their insurance cost to be 1 to 2 percent of the value of the jewelry being insured.

College loans may be swapped for home loans and life insurance as this new generation takes on the responsibility of economic growth.

Since the early 1980s, the proportion of household financial assets held as deposits has fallen from about 50 per cent to below 30 per cent; this has been mirrored by a comparable rise in the proportion of household assets held as claims on life insurance and superannuation funds (Graph 11).

But if you're self - insuring by purchasing a health plan on the health insurance marketplace you could be looking at monthly costs in excess of $ 400 depending on where you live.