Sentences with phrase «of survivorship policy»

You — or, more accurately, your beneficiaries — also need to wait longer for the death benefit payout in the event of a survivorship policy.

Not exact matches

Among them are the rights to: bullet joint parenting; bullet joint adoption; bullet joint foster care, custody, and visitation (including non-biological parents); bullet status as next - of - kin for hospital visits and medical decisions where one partner is too ill to be competent; bullet joint insurance policies for home, auto and health; bullet dissolution and divorce protections such as community property and child support; bullet immigration and residency for partners from other countries; bullet inheritance automatically in the absence of a will; bullet joint leases with automatic renewal rights in the event one partner dies or leaves the house or apartment; bullet inheritance of jointly - owned real and personal property through the right of survivorship (which avoids the time and expense and taxes in probate); bullet benefits such as annuities, pension plans, Social Security, and Medicare; bullet spousal exemptions to property tax increases upon the death of one partner who is a co-owner of the home; bullet veterans» discounts on medical care, education, and home loans; joint filing of tax returns; bullet joint filing of customs claims when traveling; bullet wrongful death benefits for a surviving partner and children; bullet bereavement or sick leave to care for a partner or child; bullet decision - making power with respect to whether a deceased partner will be cremated or not and where to bury him or her; bullet crime victims» recovery benefits; bullet loss of consortium tort benefits; bullet domestic violence protection orders; bullet judicial protections and evidentiary immunity; bullet and more...

As leaders of policy relevant research, education and knowledge translation, we aim to make improvements across the cancer control spectrum — from prevention, screening and diagnosis to treatment, rehabilitation, survivorship or palliative care.

A low - expense market - priced survivorship universal life SUL policy has target premiums of $ 70,000 for lifetime coverage.

The company offers six types of universal life insurance and three types of indexed universal life insurance policies, including a survivorship indexed product.

Here's a brief look at some of the riders available with a New York Life Survivorship Universal Life policy:

Survivorship insurance protects the life of two people and may be more affordable then buying an individual policy.

The company provides a number of different policy options, including term, whole life, universal, variable, and survivorship plans.

Voya provides a wide array of coverage, including term life, universal life, indexed universal life, variable universal life, and survivorship policies.

«I had a client and his wife, both of whom were University of Notre Dame alumni, buy a survivorship policy just for charitable purposes,» said John Ocwieja, a family business specialist with Hoopis Group in Chicago.

The survivorship life insurance policy is just one of the many life insurance products available that can really help families ensure that their loved ones are provided for in the coming years.

Because the premium for survivorship insurance is based on joint life expectancy, the cost is usually less (per thousand dollars of death benefit) than it would be for a policy covering either life alone — and significantly less expensive than buying two separate policies.

In this scenario, the second option is actually a better choice, because utilizing a second - to - die life insurance policy, called a survivorship policy, allows the cost of insurance to be spread over two lives, not one, reducing the overall risk of an earlier payout by the insurance company.

Survivorship / Second - to - Die Life Life Insurance covers two individuals (usually a married couple), and pays it's death benefit after the passing of the second policy holder.

A second to die life insurance policy, also called survivorship life insurance, covers two individuals (usually a married couple) and delays the payment of the death benefit until the second person's death.

For senior couples, a survivorship life insurance policy is one of the most effective products for your more advanced financial planning and planned giving scenarios.

As a general rule, guaranteed survivorship universal life insurance is the absolute best type of second - to - die policy to purchase.

With either option, protection is in place to cover the expenses of the first death in a survivorship universal life insurance policy.

It is easier to qualify for a Survivorship policy, since two people are being insured, instead of just one.

Survivorship life policies are also used in estate planning to provide funds to take care of..

Agents who sell survivorship life insurance often point out that your beneficiaries can pay estate taxes with the proceeds of your policy, so they won't be forced to sell your house quickly or liquidate assets to pay an estate tax bill.

Survivorship life policies are also used in estate planning to provide funds to take care of a child with special needs.

Among the suite of permanent product choices, Symetra sports several different universal life insurance products, from traditional universal to survivorship universal, and even a single premium selection which enables you to pay the policy off in one payment up front; this would be utilized for something like estate planning.

Leaving funds to your heirs by way of a survivorship life insurance policy can help ensure that assets won't have to be liquidated in order to pay a tax bill.

Survivorship life insurance can be more affordable than two individual policies because rates are calculated based on the joint life expectancy of the insured individuals.

And while you may have a handle on the more common types of policies such as term and whole life, you may not be aware of the benefits afforded by the less traditional types of life insurance policies such as survivorship life.

But before you consider using life insurance as part of your estate plan, it's important to understand the types of survivorship life insurance policies commonly used for this purpose.

Sometimes called second - to - die insurance, survivorship life is often purchased by married couples or other pairs of people with insurable interest in each other, and it's generally more affordable than two separate policies.

A survivorship life insurance policy is a type of joint life policy that can simplify the life insurance shopping process for spouses and can help in cases of estate planning and providing for special needs children.

Here's a brief look at some of the riders available with a New York Life Survivorship Universal Life policy:

A lesser used permanent type and often reserved for the senior life insurance market, a survivorship universal life policy is one of only two kinds of permanent death benefit that spreads across the lives to two individuals, not one.

A survivorship life insurance policy coverage the lives of two individuals — and it pays out the death benefit at the passing of the second person.

Each of the above types of life insurance policy will also offer a corresponding survivorship plan that covers an insured and one other person, such as a spouse, partner, or business partner.

The company provides a number of different policy options, including term, whole life, universal, variable, and survivorship plans.

Once you understand the major components of ordinary life insurance, you'll know we're speaking of products like universal life insurance, indexed universal life insurance, variable life insurance, and whole life insurance (including survivorship policies).

Depending on the insurer, survivorship policies offer a number of riders (some free and some at an additional cost) that can be attached to the policy when issued including:

Voya Survivorship Variable Universal Life - CV, policy form series 2519 JTVUL - 12/08 is issued by Security Life of Denver Insurance Company (Denver, CO), a member of the Voya ® family of companies, and distributed by Voya America Equities, Inc..

A survivorship life policy pays out to the second person in the event of the death of the first.

The survivorship policy is one of the most unique types of policies because it is bound to two lives, not one.

The company offers six types of universal life insurance and three types of indexed universal life insurance policies, including a survivorship indexed product.

Like any variable life policy, variable survivorship life insurance has a cash value component in which a portion of each premium payment is set aside to be invested by the policyholder, who bears all investment risk.

A more flexible version of variable survivorship life insurance called «variable universal survivorship life insurance» allows the policyholder to adjust the policy's premiums and death benefit during the policy's life.

These types of policies, along with survivorship life insurance policies also offer the potential of borrowing money from your life insurance policy.

Top Survivorship Clause You can elect to include this clause in your policy as a method of postponing the payment of the death benefit.

Survivorship Life: A life insurance policy that insures two lives and pays the benefit on the death of the second insured.

What's the upside of this survivorship universal life insurance policy?

Choosing a survivorship universal life insurance policy is best done under the guidance of a properly qualified estate planning attorney, as this policy is intricately tied to your estate taxes and financial planning in the event of your death.

One such tool to accomplish this goal is through the use of a second to die insurance policy, also known as survivorship life insurance.

With survivorship universal life insurance policy, your insurance company only pays out when both insureds — like you and your spouse — die, meaning this type of universal life insurance can be more affordable than other options.

Survivorship insurance protects the life of two people and may be more affordable then buying an individual policy.