Sentences with phrase «other beneficiary during»

The key benefits of securing a permanent life insurance policy is that it ensures life insurance protection for the entire life of the insured, and it also provides a death benefit to the beneficiary regardless of the age of the policy.Permanent life insurance will provide financial security for your family / dependent / other beneficiary during your lifetime and after your death.

An alter ego trust that holds assets for someone over the age of 65 with no other beneficiaries during their life other than them may avoid probate anyway.

Not exact matches

Specifically, individuals can make a lump - sum gift to a 529 plan of up to $ 65,000 ($ 130,000 for married couples) and avoid gift tax, provided the gift is treated as having been made in equal installments over a five - year period and no other gifts are made to that beneficiary during the five years.

As an annual ritual known as «Erzak» organized during Ramadan, the beneficiaries within the Eastern Corridor enclave received food items, beverages, gallons of cooking oil among other valuables.

Regarding the decisions about apporting assets among adult children (beneficiaries), there are several consideratikons: relative wealth of each beneficiary; age of each beneficiary, as a guide to life expectancy; other sources of income, if any, available to each beneficiary such as working spouse or likely inheritance and amount from spouse's parents; support and help rendered during lifetime, especially later years; # of young children and their ages for each beneficiary; relative need among beneficiaries to maintain a reasonable standard of living; and so on.

Like traditional life insurance, the death benefit of a second - to - die policy can ensure your beneficiaries receive a minimum amount of money, even if savings and other retirement income is spent during the lives of you and your spouse.

If the amount you withdraw during at least some of these years is less than the amount you would have been required to withdraw from a traditional account, you'll have a larger account to use in your later years or to leave to your children or other beneficiaries.

There are several tax benefits of retirement planning, including reducing the amount of income taxes you will pay during retirement and ensuring that beneficiaries to retirement and other account types pay as little tax as possible.

If you die during your policy term and your plan is in force, your beneficiaries will receive your death benefit, which can go towards helping pay for college tuition and other expenses.

During that time, if you pass away your family or other beneficiaries will receive a sum of money from the life insurance company.

My understanding is that when a fiduciary is mandated to manage another person's affairs, during a period when the would - be beneficiary is indisposed, ill - disposed, unable to tend to his own affairs because of other obligations, e.g., cabinet ministers, or absent on a long cruise, it is the fiduciary who has the obligation to provide a full, accurate and honest accounting to the beneficiary upon his return.

Graded death benefits means that if the policyholder dies of natural causes (any cause other than an accident) during the first two years the beneficiaries will receive all premiums paid plus 10 percent.

This policy provides a graded benefit, which means that if death of the insured that is due to natural causes — in other words, death that is caused by means other than an accident — during the first two years in which the policy has been in force, the named policy beneficiary will only receive back all of the premiums that were paid in, plus 10 percent, as versus the face amount of the policy.

During the TeleLife process, our Application Specialists will call you by phone and ask a series of questions related to your medical history, employment, beneficiaries and other insurance information.

During the probate process, family members or other beneficiaries can also challenge the will, which may lead to some of your wishes being changed.

If the insured dies during this period, the insurance companies provide an accumulated amount to the beneficiaries who can utilize the same to pay for funeral - related expenses and pending mortgage or other debts.

Married couples often list each other as the primary beneficiary on life insurance policies, and should think carefully before making any changes during a separation.

If one of the owners dies, the life insurance proceeds will be paid out to the other owners / beneficiaries and can provide the funding that is necessary to continue the operation of the business during its time of transition.

On death of the Life Assured during the Policy Term due to causes other than accident, provided the policy is in - force, the Death Sum Assured will be paid as lump sum to the Beneficiary.

In case the policyholder dies during the term of the plan, the policy continues, the nominee / beneficiary doesn't have to pay any further premiums and at the time of maturity, the sum assured and other benefits as promised in the insurance policy are paid to the child.

If the applicant passes away during the limited or graded benefit period (first two or three years of the policy) from anything other than an accident, then the death benefit will not be paid, just the premiums paid will be returned with some interest to the beneficiary.

The insurer, on the other hand, assures the policyholder to pay the sum insured to the nominee / beneficiary in case of the untimely death of the insured during the policy term, provided the policy is in force.