Sentences with phrase «life insurance policy on»

Question — How do you find out if someone has a life insurance policy on you?

A whole life insurance policy on the other hand not only is 100 % assured of providing a return to either the policy owner or the beneficiaries, but actually will pay for itself over time.

The S Corporation would own a life insurance policy on the lives of it's stockholders in amount of the stock owned.

A husband may put ownership of the home in the wife's name but buy the decreasing term life insurance policy on his life as he is older and expects to die before his wife.

Any well thinking home maker knows that buying a life insurance policy on his or her life is one of those things that is simply... the intelligent thing to do.

So, if you had an estate worth $ 5 million and you owned a life insurance policy on yourself for $ 5 million, upon your death your estate would have a value of $ 10 million.

In this case, each of the individuals will purchase a life insurance policy on each of the others.

As a summer intern, I sold my future father - in - law a life insurance policy on his 19 - year - old daughter.

A whole life insurance policy on the other hand is meant to provide coverage for your entire life regardless of how long you live.

While a policy's owner and insured might be the same, a person can purchase a life insurance policy on someone else with the prospective insured's consent and by demonstrating an insured interest in the insured's continuing life.

For example, the policy owner may be a parent taking out a life insurance policy on a child or a businessman taking out a policy on his business partner.

In addition to looking on your own, there are several companies out there who will search for a lost term life insurance policy on your behalf.

Another great route to take, and often a less expensive alternative than buying an individual life insurance policy on each child, is to purchase a life insurance with a child rider.

The answer is yes, you can buy a life insurance policy on behalf of one or both of your parents.

Now since these benefits aren't as obvious as the benefits to those who are the beneficiaries of a life insurance policy payout, we've chosen to list just a few them in this article so that we might help make the decision to purchase a life insurance policy on yourself just a bit easier.

Having a conversation with your parents about buying a life insurance policy on their behalf can be a difficult one.

Who wouldn't want to purchase a 100 million dollar term or whole life insurance policy on ourselves so that our loved ones will be forever taken care of should we pass away too soon, but when it comes down to choosing a place to live over an excessive life insurance policy, well it's pretty obvious what most people are going to choose!

It's quite common for people to take out a life insurance policy on themselves or a spouse.

In order to buy a life insurance policy on someone, insurance companies require consent (signatures).

A licensed life insurance agent can answer questions about buying a life insurance policy on behalf of your parents.

For the greatest benefit, your heirs can use part of the gift to buy a life insurance policy on your life.

Funds can be withdrawn from a life insurance policy on a borrowing basis, or the removed value can be surrendered, which means the money is permanently removed.

If you have a life insurance policy on yourself, you probably made your ex-spouse the beneficiary.

At the time the company purchased life insurance policy on you there was an insurable interest, which is a fancy way of saying that there would be a loss to the company if you died while employed there.

They might have taken out a Life insurance policy on you a long time ago and may be able to access the cash value to put towards a down payment.

When your loved one takes a life insurance policy on themselves, the last thing they would imagine is that you never actually received the benefits because you didn't know they had a policy or couldn't find it.

I am sorry to hear that there is still a life insurance policy on your life owned by a new company that you never worked for.

I found out a company still has a million dollar life insurance policy on me and I was fired 6 years ago — how can I report this — I am no longer a key person to this business and the business has been sold --

In order to borrow the funds necessary, many lenders will require a key man life insurance policy on the pastor of the church, or their elders.

With a no exam life insurance policy on the other hand, you can get life insurance in a matter of days.

Deborah Dusenbery, the director of the Farmington Convention and Visitors Bureau, obtained a $ 100,000 life insurance policy on her life through Principal Life Insurance Company which issued her employer a group policy.

If you're buying a life insurance policy on your spouse or a business partner, the insurance company is going to require that the other person take a medical exam unless you have chosen to purchase a no exam life insurance plan, which will come with a higher premium rate.

To secure key man insurance, the business must apply for a life insurance policy on the life of the key person.

Getting a life insurance policy on yourself to protect your family is an act of love.

It is an easier approval process to buy a life insurance policy on yourself and name your significant other a beneficiary than it is for your significant other to own a life insurance policy on you — and vice versa.

Jane decides to buy a guaranteed issue life insurance policy on Sally.

If you own a $ 500,000 life insurance policy on yourself, this is also included in your taxable estate; however, If you want to protect your family with life insurance, but don't want the life insurance amount to be included within your taxable estate, someone else needs to own your policy.

Applicants become AAFMAA members when they meet medical requirements and are issued a life insurance policy on their own life.

Therefore, business owners can set up a buy / sell agreement whereby each owner purchases a life insurance policy on the lives of the other owners.

It's our job as your life insurance agent to find the most competitive life insurance policy on the market.

Further, the lump sum payment received under life insurance policy on maturity is also exempt on meeting condition prescribed under section 10 (10D) of ITL.

For instance, if a grandparent bought a life insurance policy on their adult child and the grandchild is the beneficiary, this could result in a tax for the policy owner, in this case, the grandparent.

When you buy a life insurance policy on someone else there must be an insurable interest between you and the person being insured on the life insurance policy.

Janet's mom bought a life insurance policy on her when she was 18 and heading off to college.

There's one interesting possible exception: If you've graduated with big student loan debts that a parent cosigned, you or your parent may want to get a life insurance policy on you to cover the balance of the loans.

In this case, the cost of final expenses and / or uncovered medical expenses can be paid through a life insurance policy on a child.

But you do also have the option of buying a permanent life insurance policy on your child to lock in a low rate for when he starts his own family.

If this is the case in your situation, one option is to purchase a supplemental life insurance policy on the private market.

You must inform the person who you are getting a life insurance policy on, and that person must agree.

Second, I own a Farmers Life Insurance policy on myself, as well as my wife.