Sentences with phrase «money for the beneficiary»

Yes, but you neglect to consider that the money you save by opting to go with term insurance can be invested, and you'll probably be out way ahead with that money for your beneficiaries and heirs rather than if they wait for you to die and collect their benefits through a whole life policy.

While the policy is being paid out, the carrier is making money for the beneficiary by holding on to the remainder — similarly to how a bank account gains interest.

Yes, but you neglect to consider that the money you save by opting to go with term insurance can be invested, and you'll probably be out way ahead with that money for your beneficiaries and heirs rather than if they wait for you to die and collect their benefits through a whole life policy.

If you are married, your living trust can include a provision that will let you and your spouse use both of your exemptions, saving a substantial amount of money for your beneficiaries.

The policy's death benefit will be reduced — which means less money for your beneficiary — according to how much of the long - term care benefit you use.

While the policy is being paid out, the carrier is making money for the beneficiary by holding on to the remainder — similarly to how a bank account gains interest.

Not exact matches

Uber is locked in a money - losing battle with U.S. competitor Lyft, which appears to have been the beneficiary of the Uber backlash, though neither company has released any exact numbers for app downloads or deletions.

If one child decides not to go to school, goes to a cheaper school than expected, gets a full scholarship (more on that in a minute), or for some other reason doesn't use all of the money, you can simply change the beneficiary on the account and give those funds to another child... or even to yourself, if you'd like to go back to school.

The record $ 16.8 million donated this year to Telethon's annual fundraising weekend — the charity's most successful event to date — will mean more money in the pockets of the chosen beneficiaries, including the Telethon Institute for Child Health Research.

Or if there is excess money in the account after paying for one child, you can use the rest for another by changing the beneficiary.

If you have a sizable cash value but don't have a use for it yourself, you may be able to use it increase the amount of money left to your beneficiaries.

If you were to die, the money could stay in a Roth for your designated beneficiary.

If your hope is to have some money left over for your children or beneficiaries to inherit, then you'll want to pay attention to your trusts.

For example, this information may include your name, address, social insurance number, investment selection, beneficiary information, account holdings, financial situation and possibly your personal bank account information if you are signing up for certain account options that involve the transmission of money between your bank account and your account with For example, this information may include your name, address, social insurance number, investment selection, beneficiary information, account holdings, financial situation and possibly your personal bank account information if you are signing up for certain account options that involve the transmission of money between your bank account and your account with for certain account options that involve the transmission of money between your bank account and your account with us.

This depends on the transfer provider you choose, how you pay for your transaction, where the money is being sent, how much money your transfer and how your beneficiary accesses the funds.

When more money is printed, gold has traditionally been a beneficiary, for two key reasons: 1) If the money - printing is accompanied by economic growth, greater access to capital might boost demand for luxury items, including gold (the Love Trade); and 2) If the money - printing isn't accompanied by economic growth, inflationary pressures might prompt investors to increase their exposure to real assets, such as gold (the Fear Trade).

He said the money is a revolving fund and so the beneficiaries should make sure it yields the needed profit for others to also profit from it.

Abdullahi advised the beneficiaries to use the money for the intended purpose to enhance their standard of living.

The governor himself is the biggest beneficiary of soft money spending — meaning, large sums that aren't specifically earmarked for his campaign use but wind up promoting him politically.

But he insisted: «In reality, the only way to maintain high quality higher education with less government money is for the graduate beneficiaries to make a bigger contribution from the extra earnings they enjoy later in life.

Michael Kink, legislative counsel of Housing Works, an advocacy and service organization for people with AIDS, said the governor «moves health care money towards patients and front - line care providers, and away from big institutions that don't serve many Medicaid beneficiaries.»

There's money to be made both for the Thruway Authority but the biggest beneficiaries would be the trucking industry, managing their costs against the environment and the communities.

This might be somewhat of an outdated view in today's world but when compared to the past women are in most cases in places where they do not need to assume the mere role of provided for, lifestyle changes in way of life over recent years have allowed women to become really self - reliant, what remains though is a substantial lots of women that are content to be taken care of with regard to the bargain for their companionship, either it is only self - serving or as the beneficiary of earned money for their future loved ones based completely on the individual.

But a report released Thursday found largely negative results for students who participated in the District of Columbia's Opportunity Scholarship Program, suggesting that many of the program's beneficiaries might actually fare better if they turn down the private - school money.

The scholarship organizations that receive the donation tax - credit money have become an institutional base for supporters and beneficiaries, and a mobilized political force.

Both types of accounts allow the account owner to set aside money to cover the qualified education expenses for the person who is designated as the beneficiary.

For example, an individual retirement account (IRA) owner could establish her daughter as the contingent beneficiary and attaches a restriction that she may inherit the money after she completes college.

These account types can not be accessed by the beneficiary until the age of 18 or 21, but he or she can decide how the money is used, whether for school, a new car or to travel the world.

Individuals, corporations, friends, and relatives may all be policy holders, and beneficiaries can use the money for whatever they need — paying off debts, covering funeral expenses, or supplementing their own income.

Because his term policy is still inforce, his wife, who is his beneficiary, receives $ 250,000 which not only helps replace his lost Social Security benefits, but also covers funeral expenses, medical bills, the remainder of their mortgage loan, and allows her to contribute money to their grandchildren's trust for college tuition.

If you have a sizable cash value but don't have a use for it yourself, you may be able to use it increase the amount of money left to your beneficiaries.

The beneficiary is the individual named by the subscriber to receive the money to pay for post-secondary education.

Specifically, they may be able to add new beneficiaries and use the money for them, or they always have the opportunity to collapse the account and use the money for themselves.

That's especially true with an inheritance, since it often takes a while for beneficiaries to feel like that money really belongs to them.

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.

It is possible to gift the money to the beneficiary and have them open an ESA for themselves, but we recommend consulting a tax professional before considering such an action.

With an ESA, the money must be used to pay qualified education expenses for the account's beneficiary.

For example, you could leave money to your good buddy Jim, with the understanding that he would give the funds to your secret beneficiary behind closed doors.

If you are clearly the beneficiary, and the policy is clearly legitimate, and there is no evidence of fraud or other foul play, then the money is yours except for that portion that goes to taxes.

In fact, you can name both a successor holder and a beneficiary — for example, a man could name his wife as a successor holder and his child as beneficiary, meaning his wife would get the money after his death.

The beneficiaries can use this money for funeral expenses, medical bills, mortgage payments, etc..

Can the money be rolled into an RSP if its not used for education even if the beneficiary does, in fact, go to university?

Ask your plan provider for instructions if you are interested in distributing money directly to the beneficiary.

The life insurance company will not take that money and pay the expenses for you, they simply write a check out to the beneficiaries.

Therefore, your beneficiaries have the opportunity to leave more money in the Roth and for a longer period of time than they could with a non-Roth IRA.

Not only does this oversight keep the child from spending the money on something other than college, it allows the account owner to transfer the money to another beneficiary (e.g., a family member of the original beneficiary) for any reason.

Even if you use all the money earmarked for LTC costs and services, your beneficiaries will receive a 20 % guaranteed minimum death benefit.

If a beneficiary turns 30 and you haven't named a new one, the money will be paid out, with some withheld for the taxes and penalty.

John has now completed the first two steps in the stretch IRA process: not using IRA money he doesn't need and naming primary and contingent beneficiaries for his account.

There are also no restrictions to how the beneficiary chooses to use the money, so there's no guarantee that the funds will be used for a college education.