Sentences with phrase «on a life insurance policy in»

The most common way to gift a life insurance policy is to make them the beneficiary on a life insurance policy in your name.

An accidental death benefit rider allows you to increase the death benefit on your life insurance policy in case you die as a result of an accident or injury (typically you must die within 90 days of the accident or injury to qualify for this benefit).

The NAIC Universal Life Insurance Model Regulation supplements existing regulations on life insurance policies in order to accommodate the development and issuance of universal life insurance plans.

We are seeing long term care and disability benefits added free of charge on life insurance policies in the form of accelerated death benefits.

Different life insurance companies tend to view various hobbies differently and it's important to shop around before deciding on your life insurance policy in such cases.

Not exact matches

In addition, the cash value buildup on a life insurance policy is generally not taxed currently, although this buildup could cause the business to be subject to the alternative minimum tax (AMT) in certain circumstanceIn addition, the cash value buildup on a life insurance policy is generally not taxed currently, although this buildup could cause the business to be subject to the alternative minimum tax (AMT) in certain circumstancein certain circumstances.

If you are interested in getting life insurance to cover your mortgage, whether mortgage life insurance is the right policy for you depends primarily on your health.

• $ 50,000 in life insurance proceeds from a policy on Lynda's life, to be split between Cruz and his younger brother, Zachary;

Many types of permanent life insurance policies increase in value over time based on interest rates.

In later life stages, permanent life insurance may offer, depending on the type of policy, the opportunity to accumulate cash value on a tax - deferred accrual basis, money that can be used for diverse needs.

Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).

As an indexed universal life insurance policy, Lifetime Builder Elite calculates and credits interest based, in part, on the upward movement of major stock market indices.

Life insurance is applicable to individuals and families in a wide range of financial situations because it refers to a group of several different products, each of which can be customized with riders (basically, add - ons to the policy).

«In addition, each of them receives a benefit package that includes 100 % paid health insurance, short term and long tern disability insurance and a life insurance policy for free, two weeks paid vacation, plus 8 paid personal or sick days and 50 cents on a dollar matching contribution to a retirement plan.

In the U.S., we already have legislation that prevents health insurance companies from discriminating against individuals based on genetic information, but it doesn't apply to life insurance or long - term care policies.

Bulworth makes a deal with a slimy insurance lobbyist: in return for his vote on a pending bill, the lobbyist will give him a life insurance policy for $ 10 million payable to his daughter.

He accepts the bribe of a ten - million dollar insurance policy from an industry political operative (Sorvino), sets up a hit on his life and goes off to offend various political interest groups, from Jews to African - Americans, by committing not adultery, but the worst sin of all in politics: subjecting the already - committed to a dose of unfettered, unfiltered honesty.

Based on a graphic novel, the movie centers on a criminal (Vaughn) who takes out a life insurance policy on himself in order to provide for his daughter (Steinfeld), but must stay alive long enough for the policy to take effect.

Taking out a million - dollar life insurance policy to help his estranged daughter Cate (Steinfeld), Nick is forced to take her on the run until the policy kicks in or he finds a way to clear his name.

In Killer Joe dimestore drug dealer Chris puts a hit out on his mother for her life insurance policy and offers up his sister to the hitman as collateral.

The hero is Michael MacCauley (Liam Neeson), a former cop who, ten years ago, moved on to sell life insurance policies at a big firm in New York City.

In this case, the life insurance company would choose the annual benefit amount, based on the size of the policy and her age.

In a nutshell, while most whole life insurance is fixated on maximizing the death benefit of a policy and just allowing cash values to grow over time, strategic self banking focuses on maximizing life insurance cash values, so the whole life insurance plan can be used strategically as a savings and personal financing vehicle for the purpose of recapturing your cost of capital incurred when having to deal with third party lenders or using your own cash.

Dying while the policy is in force is the one sure way to get money back on term life insurance.

Therefore, if you are on the younger end of the age spectrum, you might want to consider purchasing something that will be in place for longer, such as a 30 year term policy or permanent life insurance policy.

In contrast, a standard term life insurance policy pays your policy amount to beneficiaries on death.

According to the National Association of Insurance Commissioners (NAIC), mortgage insurance lenders pay out only about 40 cents in benefits for every dollar spent by consumers on this type of policy, while it is 90 cents on the dollar paid out to consumers with regular term life insuranceInsurance Commissioners (NAIC), mortgage insurance lenders pay out only about 40 cents in benefits for every dollar spent by consumers on this type of policy, while it is 90 cents on the dollar paid out to consumers with regular term life insuranceinsurance lenders pay out only about 40 cents in benefits for every dollar spent by consumers on this type of policy, while it is 90 cents on the dollar paid out to consumers with regular term life insuranceinsurance policies

Where it falls short: A travel accident insurance policy in no way compares to a life insurance or disability policy because it only kicks in if you die or are severely injured on that particular trip.

As you go through this exercise, you should also consider what other resources you may have to fall back on, such as cash value in life insurance policies or home equity that you could convert to income via downsizing or a reverse mortgage.

If you own a $ 500,000 life insurance policy on yourself, this is also included in your taxable estate; however, If you want to protect your family with life insurance, but don't want the life insurance amount to be included within your taxable estate, someone else needs to own your policy.

Universal life insurance policies, on the other hand, will often specify in the policy at what age it matures.

The three coverages overlap, and the answer depends on how your health insurance policy is structured, and which state you live in.

Life insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tLife insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife insurance policy, covering a given period of time.

I have been skeptical of variable universal life insurance policies (VULs) since they became popular enough to show up on my radar screen in the late 1980s.

This might sound nuts, but there are cases where taxes and liens on a property, combined with the outstanding mortgage and taxes, mean there isn't enough money in the deceased's life insurance policy or savings and investments to cover the difference.

If you are interested in getting life insurance to cover your mortgage, whether mortgage life insurance is the right policy for you depends primarily on your health.

Term life insurance policies can be purchased to cover nearly any period of time, and will stay in effect for the entire period as long as you continue to pay the premiums (the cost of the policy, which can be paid on a monthly or annual basis).

When assessing an insurance policy in a situation like yours, I like to look at the expected «return» on the policy for the rest of your life.

In some cases, term life also can be converted to a permanent life insurance policy (you'll want to check with your financial professional on any limitations).

Taking on a term life insurance policy earlier in life will benefit you down the road.

Unlike permanent life insurance policies which remain in effect for your entire life (assuming your premiums are paid on time), term life policies remain in effect for a specific term or period of time.

Brighthouse Guaranteed Level Term is issued by Brighthouse Life Insurance Company on Policy Form 5E -23-12 and in New York only by Brighthouse Life Insurance Company of NY on Policy Form 1E -23-12-NY.

The cost of insurance over decades of potentially increasing premiums, all the while ensuring the insurance policy is large enough to cover the income tax liability, is problematic (alternatively one can wait until later in life to insure and take a chance on whether they can still obtain insurance).

On the other hand, if your company decides to sell the key person life insurance policy, you may have to pay taxes, depending on the size of the settlement, cash value of the policy, and the amount that's been paid in premiumOn the other hand, if your company decides to sell the key person life insurance policy, you may have to pay taxes, depending on the size of the settlement, cash value of the policy, and the amount that's been paid in premiumon the size of the settlement, cash value of the policy, and the amount that's been paid in premiums.

Having a life insurance policy in place to address your mortgage payments could be a boon to your estate and to those on whom the burden of mortgage payments will fall.

One of the key benefits of the permanent life insurance policy, is that the cash value grows tax deferred and withdrawals are taken out on a First In — First Out (FIFO) basis.

As a result, under IRC section 7702 Congress passed legislation that created limits on the amount of money that can be put into a life insurance policy in a set period of time.

If you can afford to pay a little more for your coverage, you can lock in a rate on a permanent life insurance policy, such as whole life or universal life.

The best part is you won't be on the hook for life insurance premium payments in retirement but you can use the policy benefits to help supplement your retirement income.

Other key decisions for Marina include how to invest the proceeds of a $ 245,000 life insurance policy, and whether she should sell her spacious Beaverlodge home to move to a duplex on Vancouver Island, which she inherited with sister Joy in 2010.