Sentences with phrase «longer owner of the policy»

However, since you are no longer the owner of the policy, you won't receive a tax credit when the death benefit is eventually paid.

For all intensive purposes, you are no longer owner of the policy.

Not exact matches

The Rix Award for Engaged Corporate Citizenship is presented to an enterprise that demonstrates, both in policy and practice, the highest standards of stewardship towards the long - term well - being of customers, employees, owners, partners, the environment and the broader community.

The Rix Award for Engaged Corporate Citizenship is presented to an enterprise that demonstrates, both in policy and practice, the highest standards of stewardship towards the long - term well - being of customers, employees, owners, business partners, the environment and the broader community.

We are in a time of utter reverence for great and powerful Oz - like people doing not so great things to the rates of interest that would be paid to savers and prudent people (Zero Interest Rate Policy or ZIRP), and doing wonderful things for leverage (substance) users, speculators and asset owners (MBS and long - term T bond buying).

That's because the former Joan Giger Walker and I no longer are owners of this newspaper, whose long - standing policy prevents editorial staff members from supporting or contributing to local campaigns.)

Based on a survey he conducted of 864 Kansans, Ternes discovered that well owners were significantly more aware of water supplies and water - related policies and agencies, including the Kansas Water Office, Groundwater Management Districts, and the Governor's Long - Term Vision for the Future of Water Supply in Kansas.

Cash value life insurance, whether whole life, IUL, or VUL, allows for the tax - free growth of funds in a policy's cash account unless the policy is canceled or surrendered, transferred or assigned to another owner, or the IRS no longer designates the policy a life insurance contract.

That is, you will no longer be considered as the owner of the policy thereby making IRS not to consider the insured amount as part of your estate.

When coupled with a life insurance policy, the hybrid LTCi owner will also have the advantage of passing dollars on to family on an income tax - free basis if the policy was never accessed for long term care coverage.

Waiver of Premium: A particularly effective rider for business owners under the age of 60, the WoP rider kicks in if you are disabled, waiving all premiums due on your policy for the entire duration of the coverage, or until you are no longer disabled.

Owners of hybrid life insurance policies will know their daily (or monthly) long term care benefit amounts at onset and as the policy grows.

New York Life offers several 401 (k) rollover options and has a long history of providing financial security to its policy owners.

However, many people choose to start whole life insurance programs at a very young age because cheap insurance is so plentiful and the policy owners can milk the cash value growth for a longer period of time.

You may make the Center owner and beneficiary of a life insurance policy that you no longer need.

When her owner could no longer keep her, Sarah Palin was brought to the SF / SPCA, but they wouldn't take the three - month - old puppy, so a group of activists rescued her right in front of the building where we were protesting the SF / SPCA's reversal of their no kill policy.

She has a «Welcome Home» policy and will always take one of her dogs back if the owner is no longer able to care for the dog.

Name the «Virginia Museum of Contemporary Art» as the beneficiary and owner, as partial beneficiary or contingent beneficiary in a life insurance policy that is no longer needed.

While it recognized the freedom of an owner of property to dispose of his or her property as he or she chose and that this was an important interest that has long been recognized in society, the court held that the trust was premised on notions of racism and religious superiority, which contravened contemporary public policy.

Disability waiver of premium — waives premiums when a policy owner suffers a long - term disability, typically one lasting six months or longer

In theory, the riders can be added at time of application and upon medical approval so that the policy owner can access a portion of the death benefit as long as certain conditions are met by the insured medically.

A few carriers that offer Accelerated Death Benefits, Living Needs Benefits or Long Term Care benefits provide another option, which allows the owner to surrender the policy at certain time for a refund of premiums paid.

Owners of hybrid life insurance policies will know their daily (or monthly) long term care benefit amounts at onset and as the policy grows.

In such a policy, as long as the owner of the policy continues to pay the premiums, the insuring company will pay the death benefit.

New York Life offers several 401 (k) rollover options and has a long history of providing financial security to its policy owners.

As long as the specific hazard is covered within the policy, the property owner will get compensation to cover the cost of any damage incurred.

However, if the long - term health insurance policy was never used, the owner would lose the investment of his or her premium payments.

A life settlement is the sale of a life insurance policy by a policy owner who no longer wants or needs his or her policy.

Quick Tips to Consider Before You Sell Your Life Insurance Policy Fraud Commissions Consider Your Options A life settlement is the sale of a life insurance policy by a policy owner who no longer wants or needs his or her pPolicy Fraud Commissions Consider Your Options A life settlement is the sale of a life insurance policy by a policy owner who no longer wants or needs his or her ppolicy by a policy owner who no longer wants or needs his or her ppolicy owner who no longer wants or needs his or her policypolicy.

When considering long term estate planning or business continuation plans, the owner of the policy is usually different than what you might think.

Some types of life insurance also give the policy owner the right to «borrow» a portion of the «cash value» within a policy, or to receive an «accelerated death benefit» if you become terminally ill or require confinement in a long term care facility.

Most renters policies are «named perils» policies, which simply means that the insurance will cover a sudden and accidental loss from specific causes of loss — things like fire, hail, or lightning, says Mike Short, an Allstate agency owner with offices in Denville, New Jersey and Long Valley, New Jersey.

With permanent life insurance coverage, though, as long as you don't let your policy lapse, your premiums are guaranteed not to increase for the rest of the owner's life.

Riders who are Harley Owners Group (H.O.G.) members get a discount on Dairyland motorcycle insurance policies, as well those who are members from a long list of others.

Some owners of traditional long - term care insurance policies have seen their premiums double within the past several years as care costs have surpassed insurance companies» projections.

The policy owner may no longer need or want his or her policy, he or she may wish to purchase a different kind of life insurance policy, or premium payments may no longer be affordable.

They now stand beside accelerated benefit riders that allow policy owners to access a portion of their death benefit to pay for expenses related to disability or long - term care.

Cash value life insurance, whether whole life, IUL, or VUL, allows for the tax - free growth of funds in a policy's cash account unless the policy is canceled or surrendered, transferred or assigned to another owner, or the IRS no longer designates the policy a life insurance contract.

A whole life insurance policy will usually return somewhere around 3 % -5 % for the policy owner in the long run, well below the historical average annual stock market returns of a little over 12 %.

A few carriers that offer Accelerated Death Benefits, Living Needs Benefits or Long Term Care benefits provide another option, which allows the owner to surrender the policy at a certain time for a refund of premiums paid.

The right choice for each owner depends upon which options provides the lower long term cost, and if they are able to to afford the lump sum payment of an original aged priced policy.

The cash value of whole life policy is not volatile, it accumulates cash value year after year after year, and only goes up in value as long as there are no withdrawals or loans taken by the owner.

If the owner decides that they want to keep the policy in - force for a longer period of time, they normally have the option to renew the policy on a year by year basis after the term expires.

A life insurance policy is a contract between the owner of the policy and the insurance company which promises to pay a stated death benefit upon the death of the insured person, as long as the death occurs during the period of time covered by the policy.

The owner of the policy can chose to make payments or not make payments into the policy, as long as sufficient cash value exists in the account.

This means that even if the premium payments are higher, the internal rate of return is also likely to be higher (in the policy owners favor) over the long term.

Many owners of long - term care policies have faced large premium increases of as much as 45 percent.

However, many people choose to start whole life insurance programs at a very young age because cheap insurance is so plentiful and the policy owners can milk the cash value growth for a longer period of time.

Loans taken will be free of current income tax as long as the policy remains in effect until the last surviving Insured's death, does not lapse, and is not an MEC (the exemption does not apply to non-natural owners).

The waiver of premium rider will keep the insurance policy in force without any premium payments for as long as the owner remains disabled, or until age 60 or 65, whichever is first.