Sentences with phrase «insurance upon their passing»

It prevents people from taking out policies on critically ill people in order to collect life insurance upon their passing.

When purchasing your policy you will select a beneficiary or beneficiaries who will receive the proceeds (death benefit) from your life insurance upon your passing.

Not exact matches

It does not discuss all aspects of U.S. federal income taxation that may be relevant to particular holders in light of their particular circumstances or to holders subject to special rules under the Code (including, but not limited to, insurance companies, tax - exempt organizations, financial institutions, broker - dealers, partners in partnerships (or entities or arrangements treated as partnerships for U.S. federal income tax purposes) that hold HP Co. common stock, pass - through entities (or investors therein), traders in securities who elect to apply a mark - to - market method of accounting, stockholders who hold HP Co. common stock as part of a «hedge,» «straddle,» «conversion,» «synthetic security,» «integrated investment» or «constructive sale transaction,» individuals who receive HP Co. or Hewlett Packard Enterprise common stock upon the exercise of employee stock options or otherwise as compensation, holders who are liable for the alternative minimum tax or any holders who actually or constructively own 5 % or more of HP Co. common stock).

Some of the main reasons to buy term life insurance include the following things, all of which can prevent financial burden for your family upon your passing:

Whether you need term life insurance is typically dependent upon whether you have dependents, such as children or a partner, that would be in a financially challenging situation should you pass.

Once you know you want to provide benefits to your family upon your passing, and you have chosen to buy a permanent life insurance policy, the next decision you need to make is which type of permanent life insurance best suits your needs.

What happens upon your death if your significant other also passes around the same moment, is that the life insurance policy will not pay out any benefit to your significant other.

Whether you are the sole breadwinner, one half of a joint - income couple, or a stay - at - home - parent, a term life insurance death benefit (the funds that your beneficiaries will receive upon your passing) can do much more than add a temporary boost to family finances and pay for funeral and burial expenses.

Buying a term life insurance policy would provide your loved ones with a death benefit (paid to your named beneficiary upon your passing), which would help cover the costs that you normally covered.

With a reverse mortgage, upon the passing of its youngest homeowner, the estate can sell the property but the lender must be paid back the loan amount in addition to any mortgage insurance premiums and interest due on the loan.

Life insurance is based in contract law, and the proceeds pass by operation of law upon the insured's death.

A $ 10,000 policy with one company will pay the same amount of money upon your passing as a $ 10,000 policy from another insurance company.

Depending upon your objectives and your need for life insurance coverage you may or may not need to have a life insurance policy in force on the day you pass away.

The whole point of a burial insurance policy is to have a vehicle that will pay out cash upon your passing.

If you have Long Term Care insurance it might pay you out for years if you qualify, leaving your Death Benefits in tact for your beneficiaries upon your passing.

In most cases, however, if you have loved ones who may be responsible for your debts upon your passing, life insurance should typically be considered.

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.

Life insurance is meant to protect the people you love from incurring large expenses upon your passing.

Life insurance is designed to protect your family's financial security after your end of life by paying out a sum of money upon your passing.

Typically, Whole Life, the most common type of permanent insurance, not only serves to pay - out your beneficiaries upon your passing, but also has a current cash value that can be borrowed against or cashed - out anytime.

Upon passing your Course Final Exam, we electronically submit your pre-licensing completion information to the Department or Division of Insurance, as required by the state.

What happens upon your death if your significant other also passes around the same moment, is that the life insurance policy will not pay out any benefit to your significant other.

A life insurance policy beneficiary is the person or the entity that will receive the policy's death benefit proceeds upon the passing of the insured.

The insurance company promises to pay out a death benefit upon the passing of the insured person.

Pyramid's Senior Life which is a whole life insurance policy was developed to pay for final expenses, care for surviving spouse, mortgages and financial obligations or for charitable contributions upon the insured's passing.

If you meet all of the policy requirements, then whole life insurance is guaranteed to payout upon the policyholder's passing away.

Planning your life insurance can protect your children, parents and siblings from any financial burden you may leave behind upon your passing.

Charities prefer life insurance policies as they are a known quantity and easily accessible upon passing.

Upon the passing of the insured, the insurance company will cut a tax - free check to whoever is the beneficiary (s).

Upon your passing, your beneficiary or beneficiaries would receive the payout money — the coverage amount of the insurance policy.

All of these factors, and more, will go into creating a life insurance policy that will ensure your family's financial stability upon your passing.

The quizzes are only to help you get ready for the final exam which you will need to pass upon your completion of the GetDefensive.com Sherman Texas defensive driving / driver safety / insurance reduction online course.

Upon the death of the insured spouse, the death benefit from the life insurance policy passes tax - free to the listed beneficiary (typically the wife).

With whole life insurance plans a death benefit will be paid out to your beneficiary upon your passing.

The quizzes are only to help you get ready for the final exam which you will need to pass upon your completion of the GetDefensive.com Burleson Texas defensive driving / driver safety / insurance reduction online course.

This means that generally speaking an insured person can pass along money to heirs without incurring any additional taxes based upon life insurance proceeds.

In such instances, you, as a dependent, * may be able to purchase elderly insurance that covers your financial expenses upon the passing of your parents.

Final expense insurance is specifically designed to cover the bills, debts, and expenses that will be left for your loved ones upon your passing.

If you have Long Term Care insurance it might pay you out for years if you qualify, leaving your Death Benefits intact for your beneficiaries upon your passing.

What we mean by this is that it's always better to have an insurance policy with a 100 % guarantee that your loved ones will receive the full death benefit right away upon your passing.

The fact that you will one day pass away and leave expenses behind you makes it incumbent upon you to prepare for these costs in advance, especially knowing that life insurance costs more every year you wait to get a policy in place.

Although life insurance pays out a death benefit upon an insured's passing, not all policies will work in the same manner.

on life insurance policies release a sizable chunk of the policy's death benefit to the policyholder while he / she is still alive, allowing the usage of the death benefit funds on valid diagnosis of one of the critical or terminal illnesses stated in the policy.These riders» critical / terminal illness payout is tax - exempt, and beneficiaries also receive the left over face value, untaxed, upon the policyholder's passing.

If you have three children and a spouse that stays home to care for them, you may want life insurance to replace your income in the event that you pass away while your children are solely dependent upon you.

In short, with life insurance, you pay premiums over a given period so that your beneficiaries can receive a lump sum payment upon your passing (find out How to Collect a Life Insuranceinsurance, you pay premiums over a given period so that your beneficiaries can receive a lump sum payment upon your passing (find out How to Collect a Life InsuranceInsurance Payout).

The quizzes are only to help you get ready for the final exam which you will need to pass upon your completion of the GetDefensive.com Municipal Judge, City of Bellville Austin defensive driving / driver safety / insurance reduction online course.

The quizzes are only to help you get ready for the final exam which you will need to pass upon your completion of the GetDefensive.com Justice of the Peace Countywide Deaf Smith defensive driving / driver safety / insurance reduction online course.

The quizzes are only to help you get ready for the final exam which you will need to pass upon your completion of the GetDefensive.com Municipal Judge, City of Lakeside Tarrant defensive driving / driver safety / insurance reduction online course.

The quizzes are only to help you get ready for the final exam which you will need to pass upon your completion of the GetDefensive.com Municipal Judge, City of Santa Anna Coleman defensive driving / driver safety / insurance reduction online course.

Before much time passes, renters can get into insurance plans that take care of them with substantial affordable protection that stands up for them and can be relied upon when the need arises.