Sentences with phrase «other as beneficiaries of life insurance policies»

Will the parties retain each other as beneficiaries of life insurance policies for some period of time, and if so, how much will the benefit be and how long will that obligation last?

Not exact matches

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.

Back in the day, any form of flying was considered extremely hazardous and most life insurance companies would either force the applicant to pay an exorbitant amount or they would add an aviation exclusion clause to the policy, in other words, if you died as the result of a plane crash, your beneficiaries wouldn't receive the death benefit.

Prior to 2008, Western District of New York courts held that when a husband and a wife both file bankruptcy and one spouse has a life insurance policy with cash value and the other spouse as the beneficiary, the bankruptcy trustee, as trustee for both the owner and beneficiary of the policy, could claim in the cash value.

Increasing your current savings, or designating each other as the beneficiary of your own retirement plan or life insurance policy, are all possible ways for you and your partner to ensure a comfortable retirement for one another.

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.

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.

In other words, the life insurance policy is purchased as an investment vehicle rather than to assist the beneficiaries of the policyholder.

With this product the business buys a life insurance policy, equal to the agreed upon purchase price, on the life of each of the partners with the other partner listed as beneficiary.

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.

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.

These types of life insurance policies can ensure that your beneficiary has the funds to pay off the mortgage, as well as any other expenses he or she may have.

As many of us look back at the important events — especially with the ongoing changes in our lives, it is a great opportunity to review the beneficiaries on our personal life insurance policies (and other similar policies such as critical illness, disability, and more) to ensure these policies respond in accordance to our intentionAs many of us look back at the important events — especially with the ongoing changes in our lives, it is a great opportunity to review the beneficiaries on our personal life insurance policies (and other similar policies such as critical illness, disability, and more) to ensure these policies respond in accordance to our intentionas critical illness, disability, and more) to ensure these policies respond in accordance to our intentions.

As with other types of life insurance, the proceeds that are received via a final expense policy can be obtained free of income taxation by the beneficiary — and they can be used for any need that they see fit.

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.

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.

Back in the day, any form of flying was considered extremely hazardous and most life insurance companies would either force the applicant to pay an exorbitant amount or they would add an aviation exclusion clause to the policy, in other words, if you died as the result of a plane crash, your beneficiaries wouldn't receive the death benefit.

It's very common for married couples to purchase life insurance on one another or name each other as beneficiaries of their policies.

If you're looking to get life insurance on your significant other or name them as beneficiary of your policy, Quotacy can help.

Just as with other types of life insurance coverage, you will need to choose a beneficiary when you purchase a burial insurance policy.

While some no medical exam life insurance policies will pay out the full amount of the death benefit to the beneficiary right away, others will require that the policy be in force for a certain amount of time — such as two or three years — before the full amount is eligible to be paid out.

And, some policies allow you to name persons other than family - members as your beneficiary of your term life insurance policy.

You may want to take out dual life insurance policies, naming the other parent as beneficiary for the benefit of your child (ren) to ensure future support in case something happens to one of you.

In other cases, O'Connell said, a divorce settlement might include the stipulation that one partner has to maintain their ex-spouse as the beneficiary on their life insurance policy for a certain period of time.

Also, the division of other assets may involve your attorney preparing deeds or being involved to some degree in division of investment accounts or confirmation that proper death beneficiary designations on retirement plans and under life insurance policies is in place as required by the parties» settlement.