Sentences with phrase «insurance until the death»

After some negotiation, including the wife rejecting a number of drafts, the agreement provided that the wife would receive the marital home free of encumbrance, yearly support of $ 35,000 until her death or remarriage with an annual cost - of - living increase, an automobile, and medical insurance until her death or remarriage.

Whole life policies provide insurance until the death of the insured person.

Not exact matches

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?

Until 2017, the production was repeatedly thwarted by flooded sets, insurance woes, and the deaths of two actors once attached to the Quixote role, Jean Rochefort and John Hurt.

A permanent insurance policy covers you until your death, regardless of age — so long as premium payments are up to date.

It can be bought at a net - zero cost, minimum - funded, over-funded, gifted, financed, 1035 exchanged, collateralized, generation skipped, and held until death, when the heirs can collect the insurance benefit without sky - high income and estate taxes.»

Sagicor's guaranteed universal life insurance policy is somewhat similar to a term life insurance policy that lasts until you turn 120, making it a great choice if you just want a permanent death benefit.

At that point, your insurance is paid up, meaning you no longer have to pay any premiums, but the sum insured remains in force until your death.

With term life insurance the benefits do not come into play until death.

You'll still have the same life insurance policy you bought - nothing will change about the term or death benefit - but your premiums will be waived until your disability ends.

When there are multiple beneficiaries, life insurance companies will generally wait until all paperwork has been received before they issue death benefit payouts.

Permanent life insurance, which comes in many varieties, lasts until your death.

Regarding your next question, as an example, if there are two beneficiaries, each designated to receive 50 % of the death benefit, and one beneficiary has not yet filed, the life insurance company will sit on that beneficiary's portion until the rightful beneficiary comes forward and to claim the benefit.

For example, if you own a $ 500,000 life insurance policy and your parents co-signed on a mortgage loan worth $ 250,000, you can designate 50 % of the death benefit to your parents until the loan is paid off.

A Life Insurance with Single - premium benefits is a type in which the premium is paid in lump sum to the policy to which in return death benefits are promised to be paid until the policyholder die.

Just like it sounds, a term insurance policy covers a defined period of time while a permanent life insurance policy is with you until death, as long as you pay the premiums.

The insurance part of the death benefit shrinks over time as the cash value grows, until eventually the cash value makes up all of the money the insurance policy will pay out.

This type of life insurance policy allows those with disposable cash to pay a lump sum into a life policy for a death benefit that will be paid up until the insured dies.

Some insurance companies allow the insured / owner to delay receipt of the matured death benefit until their passing to avoid any taxable gain.

The policy is then maintained until death, at which point a named beneficiary receives the insurance proceeds.

The policy can be used to provide coverage for a limited time like term insurance or permanently, until the death of the insured, like whole life.

On the other hand, whole life insurance provides coverage until your death.

If a couple sets up the trust jointly, the insurance policy purchased within the ILIT is usually a «survivorship» or second - to - die policy, so the death benefit won't be paid until the surviving spouse passes away.

The same is true for whole life insurance in that you pay premiums to support a death benefit until suddenly you have an asset, the cash value account.

In addition to the higher premiums, one of the main drawbacks to a guaranteed issue life insurance is that your beneficiaries wouldn't receive a full death benefit until your policy has been in force for a specific length of time (typically between one or two years, depending on the life insurance company).

Permanent life insurance continues until your death.

Travel accident insurance — For any common carrier accident, you're covered up to a certain amount in accidental death or dismemberment during your trip until you return.

A life insurance policy that covers the insured until death rather than a specific number of years.

Travel accident insurance — For any common carrier accident, you're covered up to a certain amount in accidental death or dismemberment during your trip until you return.

The appellant was not present and was unaware of the meeting or the Assignment until after his father's death when Mr. Berger advised him that the effect of the Assignment was that the proceeds under the life insurance policy would go to his father's estate.

It's quite possible to get a term life insurance policy that covers you until your particular life expectancy if all you are concerned about is a death benefit.

This allows for money to help the policyholder and his family while he is still alive, rather than having to accrue debt until such time as a life insurance policy pays out at death.

Whole life insurance is a policy that will remain in place until death.

Since whole life insurance policies are designed to last until death, you shouldn't just stop paying because this may lead to complicated issues, such as unwanted taxes on your life insurance.

A whole life insurance makes more sense since it will last until the time of your death.

To illustrate, suppose Bob has a term life insurance policy that covers him financially in the event of death until the age of 40.

Level Premium Whole Life Insurance (sometimes referred to as «ordinary whole life») provides a lifetime death benefit and level premiums for the life of the policy (until the death of the insured).

A second to die life insurance policy, also called survivorship life insurance, covers two individuals (usually a married couple) and delays the payment of the death benefit until the second person's death.

These are types of insurance policies that have a waiting period, sometimes two or three years, until the full death benefit goes into effect, and they're designed for people that have some kind of preexisting health condition.

A life insurance policy that covers the insured until death rather than a specific number of years.

Some insurance companies allow the insured / owner to delay receipt of the matured death benefit until their death, to avoid any taxable gains.

If someone already has existing work life insurance, privately owned life insurance, and their budget is tight, then an accidental death policy may be appropriate to get them more coverage until their life insurance budget increases.

Accelerated Access Solution: if the insured suffers from a qualifying chronic illness, this life insurance rider will provide monthly payments until the death benefit has been exhausted.

The purpose of terminal insurance is to address a variety of medical and everyday costs as they are accruing rather than struggling to pay bills until death.

With permanent life insurance, this is an important option because it lasts until the death of the insured.

While a first to die joint life policy pays out upon the death of the first covered person, a second to die life insurance policy will not pay out benefits until both of the insureds have passed on.

Misstatement of Age If the age of the insured is misstated and is not discovered until death of the insured, the insurance company has the contractual right to adjust the death benefit to reflect the face amount that would have been paid with the corrected age and actual premiums paid.

The policy can be used to provide coverage for a limited time like term insurance or permanently, until the death of the insured, like whole life.

No one wants to talk about his death and consider what might happen to his family and loved ones in the event of his death, so he puts off taking any action on life insurance until «a more appropriate» time which might never come — unless prodded by an agent again.

This means that the life insurance policy purchased to fund the death portion of the buy - sell agreement can not be transferred to the disabled owner or dropped until the end of the installment period, because the death benefit will be needed to complete the transaction in the event of death during the buyout period.