Sentences with phrase «named as a beneficiary of a life insurance policy»

If you believe you were named as a beneficiary of a life insurance policy but you don't know how to find out, don't panic, because there are a number of ways to track down a missing policy.

Your dependents may be named as beneficiaries of your life insurance policy; for example, leaving a portion of your life insurance death benefit to each of your children, and your spouse.

If you buy life insurance on your parent you can name yourself as beneficiary of the life insurance policy.

If you buy burial life insurance on your parent (or someone else) you can name yourself as beneficiary of the life insurance policy.

Not exact matches

Actions that are considered Centennial Planned Gifts include making estate plans through a will or a living trust; creating a charitable remainder trust and naming the Business School as the remainder beneficiary; entering into a charitable gift annuity agreement with the School; naming Columbia as the beneficiary of a life insurance policy or retirement plan; or establishing a donor - advised fund at Columbia.

There are two ways to gift life insurance: You may name the Fraser Institute Foundation as either the owner, or as the beneficiary, of a policy.

Realizing that such an award would be rejected out of hand by a judge, Sparks moderated her demand, and Payton agreed to contribute $ 5,550 a month in child support, establish a $ 175,000 college trust fund and purchase a $ 1 million life insurance policy naming the child as beneficiary.

Actually, the plot is a lot more convoluted than that; it involves a trio of corrupt detectives (Bill Paxton, Shea Whigham, Mike Epps), Nick's ex-wife's alcoholism, a life insurance policy that names Cate as the sole beneficiary, a drug kingpin (Jordi Mollà) out to avenge the death of his son, and plenty of clunky voice - over.

Typically, any person or entity can be named a beneficiary of a trust, will or life insurance policy, and the one distributing the funds, or the benefactor, can put various stipulations on the disbursement of funds, such as the beneficiary attaining a certain age or being married.

It's always best to seek the advice of your financial advisor, tax advisor or your insurance agent when you are buying a life insurance policy, naming your beneficiaries, and making any changes to your policy, as to whether those choices may result in tax consequences.

Charity as beneficiary: Similar to leaving a bequest through a will is naming the charity as the beneficiary of your life insurance policy directly on an application.

A third option would be to name your estate as the beneficiary of your life insurance policy and then draft a will that states how you wish to divide your assets and you can name your significant other as the beneficiary of the life insurance benefit.

There are exceptions, such as when the policy names the estate of the deceased as the beneficiary, but the majority of the time life insurance is not taxed.

Life Insurance Trust: A type of life insurance policy where a trust company is named as the beneficiary and distributes the proceeds of the policy under the terms of the trust agreemLife Insurance Trust: A type of life insurance policy where a trust company is named as the beneficiary and distributes the proceeds of the policy under the terms of the trust aInsurance Trust: A type of life insurance policy where a trust company is named as the beneficiary and distributes the proceeds of the policy under the terms of the trust agreemlife insurance policy where a trust company is named as the beneficiary and distributes the proceeds of the policy under the terms of the trust ainsurance policy where a trust company is named as the beneficiary and distributes the proceeds of the policy under the terms of the trust agreement.

A life insurance policy naming her as your beneficiary could give her enough funds to cover your share of the mortgage, or perhaps to pay off the entire debt.

Children as Beneficiaries There are two ways to accomplish the goal of having children named as beneficiaries on your term life insuBeneficiaries There are two ways to accomplish the goal of having children named as beneficiaries on your term life insubeneficiaries on your term life insurance policy.

You can name Rancho Coastal Humane Society as the beneficiary of a life insurance policy.

Naming NHS as the beneficiary of a life insurance policy, retirement plan, certificate of deposit or bank account

You can also name NEAS as a beneficiary of a life insurance policy or IRA.

To do so, please name Angels Among Us Pet Rescue as the beneficiary of your paid life insurance policy, 401 (k), IRA, TSA or other retirement account, you can make a substantial future gift to benefit our rescue pets.

You may also name the QCAWC as the beneficiary of your retirement pan, life insurance policy, bank account, mutual fund, charitable remainder trust, or charitable lead trust.

For example, you can name Kitten Rescue as a beneficiary if you have a life insurance policy that is no longer needed to provide for dependents, or as a beneficiary of a Certificate of Deposit (CD).

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 many arguments were raised in the courts below, Justice Brown focused the issue on what happens where a support payor dies with a life insurance policy who was required by court order to name a spousal or child support recipient as the irrevocable beneficiary of the policy.

If you have a will, living trust, life insurance policies, and other assets with named beneficiaries, it is important that you seek the advice of a lawyer as soon as possible to determine the effect a divorce may have on your estate planning.

For example, if the husband is required to pay support, he may also be required to obtain a life insurance policy and name his spouse as irrevocable beneficiary of the policy so that if he dies, the spouse will have sufficient funds for his or her support.

In particular, the question was where a support payor owns a life insurance policy and is required to name the support recipient as irrevocable beneficiary of the policy, what rights does the support recipient have to the policy proceeds in the face of a competing claim of another dependant of the deceased payor brought under the Succession Law Reform Act («SLRA»).

However, by naming a charity (or more than one charity) as the beneficiary of a life insurance policy, you can multiply your gift exponentially.

It is common for a lender, bank or other entity to ask a business owner to take out and maintain a life insurance policy and name the lender as a primary beneficiary for the debt (payoff schedule is usually attached to the assignment), as a condition of the loan until the loan is repaid.

When setting up collateral assignment of life insurance, it is very important to remember that the lender should never be named as beneficiary on the policy.

Some people who buy final expense life insurance will name a funeral home or other related service provider as the beneficiary of their policy.

This type of policy is a life insurance policy which is a purchased for primary executive or other key personnel in a company where the company is named as the beneficiary.

Also, if you a choosing a minor as beneficiary, a guardian must be assigned to oversee / supervise the proceeds of the life insurance policy, and the spending of those proceeds until the minor named beneficiary reaches the age of adulthood.

Instead, you should set up a trust to benefit the child and name the trust as the beneficiary of the policy, or name an adult custodian for the life insurance proceeds under the Uniform Transfers to Minor Act (UTMA).

Another way you can provide a substantial gift to a non-profit organization is to name a charity as the primary or contingent beneficiary of your life insurance policy.

One method to avoid this mistake is to name minor children or impaired individuals as beneficiaries of a trust and then name the trust as the beneficiary of the life insurance policy.

According to a Consumer Reports study, there are over 1 Billion Dollars in benefits from life insurance policies that have been unclaimed as of 2013, the number is surely rising and begs the question, how do you know if you are a named beneficiary entitled to a death benefit and how do you find out?

If you've been unable, for example, to be the philanthropist you wished, you can name an institution, a group or a school as a beneficiary of your insurance policy (see Life insurance can be a charitable gift worth giving).

These organizations often operate with tight margins, and you can help further their mission even in death by naming one as a beneficiary of your life insurance policy.

Instead, it's best to set - up a trust to benefit the child and name the trust as the beneficiary of the policy, or name an adult custodian for the life insurance proceeds under the Uniform Transfers to Minor Act.

If you follow our advice and buy a term life insurance policy, your best option is to name your charity of choice as a beneficiary on your policy.

Similar to with other types of life insurance, the owner of a final expense life insurance policy is able to name a person, or persons, as their policy beneficiary to receive the death benefit proceeds.

When naming the charity as the beneficiary of the life insurance policy, you will pay the premium on the policy as you normally would.

With this type of arrangement, each of the partners will purchase a life insurance policy on all of the others, naming all of the other partners as policy beneficiaries as well.

Never: Never name your minor child as a beneficiary of your life insurance policy because a minor can not inherit money and as a result it will be put in a blocked account that they can not access.

Parents can name an irrevocable life insurance trust as the owner and beneficiary of the policy.

Term life insurance, as the name suggests, is a life insurance policy that covers a set number of years and would pay the lump sum death benefit to the beneficiary if the insured person died during the term of the policy.

Considering this, it only makes sense for you to name your children as your beneficiaries of your life insurance policy, right?

This means that — as long at the premiums are paid that the policy is in force — the full amount of the life insurance benefit will be available to the policy's named beneficiary (or beneficiaries) should the insured pass away.

While many couples name their spouses as the beneficiaries of their life insurance policy when they're together, it's more than likely they don't want this to remain the case after the divorce.