Sentences with phrase «money as a death benefit»

Who would want that money as a death benefit (Yes, can't even imagine that happening)

Not exact matches

The way it works is that, each year, the insurer deduct all expenses, such as death benefits paid and the costs of running the business, from the money they've made (premiums collected, investments, and any other sources of income) and pays out any net profit as a dividend.

You should press the agent to design you a plan where you are putting in as much money as you can with the lowest amount of death benefit.

The amount of money you're able to receive as an accelerated death benefit will be capped as a percentage of the death benefit or dollar amount.

If you do designate your child as your beneficiary, when the insurer pays out, the death benefit will go to a trust overseen by a court - appointed guardian, who will hold onto the money until the child reaches the «age of majority.»

With a family income policy, rather than a lump sum of money, the death benefit is paid out in monthly increments as a portion of the total death benefit.

Take life insurance as an example: you pay for a policy, and if you die during the term then that money (the death benefit) goes to the person you named as your beneficiary on the policy.

The way it works is that, each year, the insurer deduct all expenses, such as death benefits paid and the costs of running the business, from the money they've made (premiums collected, investments, and any other sources of income) and pays out any net profit as a dividend.

A method of calculating the reduction of a VA benefit base after a withdrawal in which the benefit is reduced by the same percentage as the percentage of the withdrawal; for example, a 20 % withdrawal of the money reduces the death benefit by 20 %.

If you are diagnosed terminally ill, you can access your death benefit to receive needed cash to pay for various necessities, such as home modifications, medical bills or whatever else you need or want the money for.

The life insurance company pays out the death benefit after the first person dies, so the survivor has money to cover expense, such as burial costs, pay debts, pay bills, etc..

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

The amount of money you're able to receive as an accelerated death benefit will be capped as a percentage of the death benefit or dollar amount.

As you can see, when you withdraw or borrow money from the policy's cash value, the insurer will reduce the death benefit accordingly.

The right of a judgment debtor to accelerate payment of part or all of the death benefit or special surrender value under a life insurance policy, as authorized by paragraph one of subsection (a) of one thousand one hundred thirteen of the insurance law [* see below], or to enter into a viatical settlement pursuant to the provisions of article seventy - eight of the insurance law, is exempt from application to the satisfaction of a money judgment.

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.

With permanent life insurance, there is a death benefit, as well as a cash value component where money in the policy can grow and compound tax - deferred.

Essentially, as the money you pay in premiums grows through MassMutual's investments, your death benefit will also increase.

When a policyholder dies and his or her beneficiaries receive a death benefit, that money generally isn't reported as gross income, as far as the IRS is concerned.

As per Insurance Laws (Amendment) Act, 2015 — If an immediate family member such as spouse / parent / child is made as the nominee, then the death benefit will be paid to that person and other legal heirs will not have a claim on the moneAs per Insurance Laws (Amendment) Act, 2015 — If an immediate family member such as spouse / parent / child is made as the nominee, then the death benefit will be paid to that person and other legal heirs will not have a claim on the moneas spouse / parent / child is made as the nominee, then the death benefit will be paid to that person and other legal heirs will not have a claim on the moneas the nominee, then the death benefit will be paid to that person and other legal heirs will not have a claim on the money.

Other benefits include accidental death, which provides benefits when death occurs as a result of an accident, family plan for insured spouse and children, disability waiver of premium, which waives the premium payments if the insured becomes disabled for more than 6 months and mortgage payment disability benefit which offers money to continue making payments if the insured individuals becomes disabled for 60 days or longer.

If you die during the policy term, the policy pays out the predetermined sum of money (or death benefit) to your named beneficiary (ies) as long as you continued to pay your premiums on time.

One of the best features of cash value life insurance is that you can borrow money using your death benefit as collateral.

A premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

You should press the agent to design you a plan where you are putting in as much money as you can with the lowest amount of death benefit.

Jonathan Chevreau, Retired Money columnist for MoneySense, says the strength and predictability of defined benefit pensions (which pay out until death based on your earnings) is disappearing, as corporate plans move to defined contribution pensions (which build wealth based on employee and corporate contributions but do not pay out based on guaranteed formulas).

A life insurance death benefit is most often doled out as one lump sum of money.

A method of calculating the reduction of a variable annuity benefit base after a withdrawal in which the benefit is reduced by the same percentage as the percentage of the withdrawal; for example, a 20 % withdrawal of the money reduces the death benefit by 20 %.

The death benefit pays money directly to your beneficiaries to help with funeral costs and ongoing financial obligations such as daily living expenses, child education and mortgage payments.

Of course, the amount of money your beneficiary would receive as part of your death benefit would be reduced by that amount.

Compared to an traditional life insurance plans such as endowment plans, money - back plans, etc., a term life insurance plan provides far more cover at a far lower premium underlining the best benefit that life insurance products should ideally offer - protection in case of death!

If you need a high face amount otherwise known as your death benefit, Term life insurance will cost you the least amount of money so you can have a high face amount at a very affordable premium.

Then you can spend the rest of your money as you like knowing that a certain amount will be passed along no matter how long you live when you pass away through the life insurance death benefit.

The good part is if you need a high face amount otherwise known as your death benefit, Maine Term life insurance will cost you the least amount of money so you can have a high face amount at a very affordable premium which will not put your finances in jeopardy.

If you die prematurely and don't have the full death benefit available for your loved ones it can have devastating effects, as your family may not have enough money to replace your income, pay down debt or meet other financial needs.

If you need a high «face amount» otherwise known as a death benefit, Term life insurance will cost you the least amount of money so you can have a high face amount at an affordable premium.

The good part is if you need a high face amount otherwise known as your death benefit, Minnesota Term life insurance will cost you the least amount of money so you can have a high face amount at a very affordable premium.

There are two basic types of life insurance, term life, in which you pay only for a death benefit, and whole life, in which you pay additional money, which builds up as savings.

You should press the agent to design you a plan where you are putting in as much money as you can with the lowest amount of death benefit.

A life insurance death benefit is most often doled out as one lump sum of money.

Long - term care riders take money out of your death benefit to pay for care you could need as you age and your health begins to fade, such as a nursing home or at - home care.

A premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

The policyholder is promised certain benefits payable on death, maturity or as money back.

Take life insurance as an example: you pay for a policy, and if you die during the term then that money (the death benefit) goes to the person you named as your beneficiary on the policy.

The policyholder may also avail of the Education Support Benefit under which the death benefit can be availed as money - backs in the last 5 years of the policy after the death of the iBenefit under which the death benefit can be availed as money - backs in the last 5 years of the policy after the death of the ibenefit can be availed as money - backs in the last 5 years of the policy after the death of the insured.

The money in your fixed annuity, which you invest as a lump sum, earns a guaranteed fixed rate of interest.2, 3 Fixed deferred annuities are not subject to the ups and downs of the stock market and you don't pay taxes on your earnings until you withdraw them.4 With a fixed deferred annuity, you will also receive protection for your beneficiaries through a guaranteed death benefit.2

The money in your annuity, which you invest as a lump sum, earns a guaranteed fixed rate of interest.2 Fixed deferred annuities are not subject to the ups and downs of the stock market and you don't pay taxes on your earnings until you withdraw them.3 With a fixed deferred annuity, you will also receive protection for your beneficiaries through a guaranteed death benefit.1

Affordable Term life insurance is an excellent product for many people because they can obtain a high face amount otherwise known as a death benefit for minimal money.

If having maximum access to as much money as possible in case of Terminal illness is important to you, we can discuss various companies» specific Accelerated Death Benefit Rider (also known as Terminal Illness Rider) policies with you when we help you compare term life rates and apply for coverage.

Death benefit is the amount of money those you designate as beneficiaries will receive when you die.