Sentences with phrase «life insurance contracts on»

As a part of this agreement, the business will purchase separate life insurance contracts on the lives of the owners.

-- The term «issuer» means any life insurance company that bears the risk with respect to a life insurance contract on the date any return or statement is required to be made under this section.

For purposes of this section, the following amounts shall be treated as an amount paid by reason of the death of an insured: (A) Any amount received under a life insurance contract on the life of an insured who is a terminally ill individual.

Not exact matches

Berkshire provided disability coverage for infielder Alex Rodriguez when his contract was the largest in baseball and a life - insurance contract on boxer Mike Tyson when he was heavyweight champion.

But large banks, corporations and wealthy individuals use properly structured life insurance contracts to obtain tax benefits, increase yields on cash, reduce borrowing costs and create positive arbitrage on equity loans.

With limited pay policies, particularly those that are funded using paid up additions, it is important to keep an eye on the MEC level where your policy changes from life insurance to a modified endowment contract.

It is a contract between an owner and an insurance company on the life of an insured.

Term life insurance is defined as a contract between the owner of the policy and the insurer, for a policy on the life of the insured, whereupon the insured's death, the insurer pays a lump sum death benefit to the beneficiary.

The person or entity that you name as beneficiary on your life insurance policy contract will receive the death benefit proceeds when you die.

In exchange, the insurance company will pay an income that can last for a specific period or for life, depending on the terms of the contract.

The inner - workings of cash value life insurance consists of a life insurance policy, which is a contract between the policy owner, the insured (often the same person), and the insurer, where the insurer agrees to pay a death benefit to the policy's beneficiary, based on the owner continuing to make the policy's premium payments.

A lawsuit has been filed on behalf of retirement plan participants who have invested in guaranteed investment contract (GIC) accounts provided by United of Omaha Life Insurance Company.

The guidelines were established to set limits on the amount of excess premiums a policyholder could contribute to a policy for benefiting from the tax - advantaged status of proceeds from life insurance and avoid a modified endowment contract (MEC).

Both annuities and life insurance contracts have expense charges that rely on assumptions of the future interest to be earned on contract funds.

Annual Renewable Term insurance (ART)-- term life insurance that is renewed and paid every year based on one year contracts.

Gather two years worth of at least three accounts for which you have made consistent and on - time payments, such as a utility bill, a life insurance policy, or a rental contract.

And here's the bottom line: all life insurance policies promise to pay an agreed - upon sum of money should you die while your policy is in - force (that is, while you're paying your premiums on time and while you're still operating within the terms of your contract).

Guarantees in our life insurance and annuity contracts are based on the claims paying ability of AXA Equitable

And third is life settlements, which are life insurance contracts held on someone over the age of 65 that no longer wants to own their life insurance plan.

The cash value of an annuity account is set by the contract, similar to the cash value accumulation and life insurance, and varies between a fixed index annuity on one end of the spectrum AND a variable annuity on the other end.

The insurance company is basing their payment on your life expectancy at the time of the contract, and you are betting that you will live longer than that.

Just keep in mind that all riders are just add - on insurance contracts, that cost you big money in premiums, and that's how life insurance companies earn their massive profits.

I am contracted with many life insurance companies in Canada, so I can help you shop around for the best rates and value based on your insurance needs.

Aviation Ground Handlers: Liabilities, Claims, Insurance and Contracts Dentons Airline Symposium Webinar Series — October 2016, Tysons Corner John with other Dentons attorneys gave a live web presentation to hundreds of industry clients on the the special liability risks that impact airport and aircraft ground handlers.

22 The right under sections 1 and 3 to equal treatment with respect to services and to contract on equal terms, without discrimination because of age, sex, marital status, family status or disability, is not infringed where a contract of automobile, life, accident or sickness or disability insurance or a contract of group insurance between an insurer and an association or person other than an employer, or a life annuity, differentiates or makes a distinction, exclusion or preference on reasonable and bona fide grounds because of age, sex, marital status, family status or disability.

That may depend on the state laws pertaining to life insurance and suicide, how long ago the life insurance policy was purchased, if the premiums were all paid up, and any suicide exclusion in the life insurance contract.

A form of term life insurance that offers a guarantee of future insurability for a set period of years, although premiums are paid every year on the basis of a one - year contract.

The main disadvantage of the term life insurance policy is that it expires on the date that is set in the contract.

Insurance groups have opposed calls for disclosure of life insurance agent commission on contracts, insisting it would huInsurance groups have opposed calls for disclosure of life insurance agent commission on contracts, insisting it would huinsurance agent commission on contracts, insisting it would hurt sales.

It is a contract between an owner and an insurance company on the life of an insured.

Northwestern Mutual Life Insurance Company has gone through two years of litigation and a two - week non-jury trail on a breach of contract matter, which found that the company breached contracts with thousands of policyholders,

They are contracts issued by a life insurance company that provide a variable rate of return based on the performance of underlying investment options.

In essence, it's a life - insurance contract on a vital employee.

It is a contract issued by a life insurance company that provides a variable rate of return based on the performance of underlying investment options.

If that option isn't feasible, your partner could buy a life insurance policy on him / herself and then make you the beneficiary of the contract.

This contract is anticipated to create neutral impact on the Aviva Life Insurance Company's IFRS Net Assets.

For instance, if a married couple purchased life insurance on each other and at a later date they divorced, they would still continue to serve as each other's beneficiary if one were to die, and would still be eligible to collect the contract's death benefit.

The free look period differs depending on the terms of your life insurance contract or the laws in your state, but is typically between 10 and 30 days.

Under a Life Insurance Contract in India, the insurer assures to pay a definite sum to the policyholder's family on his demise during the policy term.

Fixed annuity: A deferred annuity contract in which the life insurance company credits a fixed rate of return on premiums paid or an immediate annuity in which the periodic amount is fixed.

Family policy: A life insurance policy providing insurance on all or several family members in one contract.

Life Insurance Laws This mutual contract between you the insurance is designed to give your family peace of mind, and making sure that the laws are on yInsurance Laws This mutual contract between you the insurance is designed to give your family peace of mind, and making sure that the laws are on yinsurance is designed to give your family peace of mind, and making sure that the laws are on your side.

Please contact the appropriate regional representative in your area for information on our products, services and how to become appointed and contracted with Boston Mutual Life Insurance Company.

These types of policies offer the advantage of guaranteed level premiums throughout the insured's lifetime at substantially lower premium cost than an equivalent whole life policy at first; the cost of insurance is always increasing as found on the cost index table (usually p. 3 of a contract).

Life insurance proceeds are a tax free lump sum paid to the beneficiary, someone who is named by the insured on the contract.

Waiver of monthly deduction - An optional life insurance policy rider that waives the monthly Cost of Insurance charges on a universal life or variable universal life policy for the length of a qualified disability as outlined in the policy insurance policy rider that waives the monthly Cost of Insurance charges on a universal life or variable universal life policy for the length of a qualified disability as outlined in the policy Insurance charges on a universal life or variable universal life policy for the length of a qualified disability as outlined in the policy contract.

The endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its «maturity») or on death.

Life insurance is a private contract that allows you to purchase a large death benefit for a small amount of money on a monthly basis (compared to the death benefit).

On October 25th of 1983, a bill was introduced to the senate which sought to clarify how a life insurance contract was viewed according to the Internal Revenue Code, where cash accumulation was involved, or what we call ordinary life insurance contracts.

A traditional whole life insurance policy provides the policyholder with a guaranteed amount to pass on to his / her beneficiaries, regardless of how long he / she lives, provided the contract is maintained.