Sentences with phrase «need beneficiary»

The age restriction may be waived for special needs beneficiaries.

Qualified higher education expenses also include certain additional enrollment and attendant costs of a beneficiary who is a special needs beneficiary in connection with the beneficiary's enrollment or attendance at an eligible institution.

Yes, but only to another member of the current beneficiary's family under the age of 30, or a special needs beneficiary of any age.

The exception to this rule is if the beneficiary qualifies as a special needs beneficiary.

While life insurance is one financial product that needs a beneficiary review, don't forget to also review the beneficiary designations if you own any of the following financial products:

Your beneficiaries receive a tax - free, lump - sum benefit after your death to cover living expenses, mortgage and debt payments, or anything else they need

SWIFT does not need the Beneficiary Account Currency.

Accounts that usually need beneficiary designations include the following: 401k, 403, 457 plans, retirement plans for the self - employed, individual retirement accounts or IRAs, credit union plans, disability and life insurance policies and annuities.

The situations presented are no longer limited to the usual stories of millions of dollars of war bounties or unclaimed inheritance festering in a vault somewhere needing beneficiaries.

You can name up to three levels of beneficiaries for your life insurance policy on your beneficiary designation form.Typically, when filling out the designation of beneficiary form, you will need the beneficiaries personal information, such as their social security number, date of birth, address and phone number.

While life insurance is one financial product that needs a beneficiary review, don't forget to also review the beneficiary designations if you own any of the following financial products:

Expenses for special needs services are also included if they are incurred by a special needs beneficiary in connection with enrollment or attendance.

Coverdell ESAs must be used by age 30, except for special needs beneficiaries; 529 college savings plans and prepaid tuition plans do not have an expiration date.

Who Is Eligible: The beneficiary must be less than 18 years old, or a special needs beneficiary.

Chuck owes Larry the biggest of favors, which Larry decides to cash in when he needs to get married in a hurry to prevent his children from falling victim to a loophole that would see them left with nothing should they need beneficiaries for his life insurance, since they won't have a parent or guardian for it to be left to.

The savings account's beneficiary must be at least age 18 (or is a special needs beneficiary) to withdraw Coverdell funds, and must withdraw the funds before age 30 or the funds will be distributed and taxed.

Assets in the account must be distributed to the designated beneficiary by age 30, or transferred to another Coverdell ESA for the benefit of another eligible family member — except in the case of a Special Needs Beneficiary.

A Special Needs Beneficiary is an individual who, because of a physical, mental or emotional condition (including a learning disability), requires additional time to complete his or her education.

Contributions can not be made after a child turns 18 (except in the case of a Special Needs Beneficiary).

A beneficiary is someone who is under age 18 or is a special needs beneficiary.

Additionally, you'll need the beneficiary's name and you'll need to indicate what percentages of the contribution will be allocated to your investment portfolios.

You need a beneficiary for your life insurance policy.

This age limitation doesn't apply if the new beneficiary is a special needs beneficiary.

Contributions: Beneficiary must be under age 18 unless a special needs beneficiary.

Distributions: Must be completed by the time the beneficiary reaches age 30, unless a special needs beneficiary

And «special needs items» can be counted for as - yet undefined «special needs beneficiaries.»

Contribute up to $ 2,000 per child per year, until the child reaches the age of 18 (exceptions for special needs beneficiaries).

It is important to remember that even with this extended range of family members, contributions can be made only for those under the age of 18, unless the beneficiary is a special needs beneficiary.

A special needs beneficiary can then use the money to pay for expenses not covered by these programs.

You need a beneficiary for your life insurance policy.

Of course the kind of coverage and the amount you need your beneficiary to be paid after you pass away will be accounted for.