Sentences with phrase «paid by the life insurance»

Not only does Federal law place a limit of $ 50 on any fraudulent purchases but often any outstanding debts would be adequately paid by a Life Insurance policy which would be less expensive and more appropriate if you have a family.

The death benefit paid by a life insurance policy and a benefit from an annuity will affect your beneficiaries differently.

In order for the estate tax to be paid by the life insurance, the wishes of the policy holder must be carried out by the beneficiary with the understanding that this is how the money is to be used.

Survival Benefit: - This is a fixed amount paid by a life insurance company at the end of a specified duration.

Mortality cost: This is the amount to be paid by life insurance firms on insurance policies.

The death benefit paid by a life insurance policy and a benefit from an annuity will affect your beneficiaries differently.

Upon the death of this employee the cash paid by the life insurance company would be used to offset any losses resulting from this employees death.

When his wife died in 2010 his funeral and burial was supposed to be paid by her life insurance.

That is because it offers peace of mind that during the case of any unwanted event which results in your demise, the sum assured paid by the life insurance plan might be sufficient to take care of expenses.

Finally, different taxes may apply to the benefits paid by your life insurance policy if the death benefit is paid to the beneficiary in installments, instead of as a lump sum.

Surrender Value: The amount paid by the life insurance company if you surrender or redeem your policy mid-way through the policy period.

The policy premium is paid by the life insurance company.

Brokers and agents are paid by the life insurance company.

Primary beneficiary — The person you've designated to receive the death benefit paid by the life insurance company when you die.

The 2009 Direct Tax Code had proposed to bring the tax paid by life insurance companies on a par with corporate tax...

Not exact matches

The United States Government Life Insurance program was approved by Congress in 1917 and provided an alternative to commercial insurance which either did not pay out in deaths caused by war or charged extremely high premiums for the Insurance program was approved by Congress in 1917 and provided an alternative to commercial insurance which either did not pay out in deaths caused by war or charged extremely high premiums for the insurance which either did not pay out in deaths caused by war or charged extremely high premiums for the coverage.

Troutt grew up with a bartender dad and paid for his own tuition at Southern Illinois University by selling life insurance.

One advantage C corporations have over unincorporated businesses and S corporations is that they may deduct fringe benefits (such as group term life insurance, health and disability insurance, death benefits payments to $ 5,000, and employee medical expenses not paid by insurance) from their taxes as a business expense.

All other compensation generally consists of Google's 401 (k) company match of up to $ 8,750, life insurance premiums paid by Google for the benefit of the named executive officer, personal use of company aircraft, and the market value of a holiday gift given to each employee, net of tax withholding, unless otherwise noted.

(a) Schedule 2.7 (a) of the Disclosure Schedule contains a list setting forth each employee benefit plan, program, policy or arrangement (including any «employee benefit plan» as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligation.

Generally, amounts you receive under a life insurance contract paid by reason of the death of the insured are not included in your gross income; such proceeds are received tax - free.

The cash value of a universal life insurance policy accumulates based on the amount of premium paid, monthly deductions for policy costs and an interest rate that is declared by the insurance company.

It may seem odd to pay taxes on coverage that you've already paid for, but this rule is meant to account for cases in which you receive a discounted rate by purchasing group life insurance.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

Physicals akin to those required for life insurance - the overly obese will pay signficantly more Medicare and universal health insurance (unless the obesity is caused by a medical condition).

Universal Health Care like in Canada makes more sense, however, unless we all promote «PREVENTIVE HEALTH CARE by living healthy life style and family planning, it is horrible deception for money by forcing everyone to subscribe insurance paying for others unhealthy and costly life style and sicknesses.

Physicals akin to those required for life insurance - the overly ob - ese will pay signficantly more Medicare and universal health insurance (unless the obe - sity is caused by a medical condition).

«Whether or not an insurance exchange is established by the federal or state government,» Charmaine Yoest, AUL Action president, said, «it receives taxpayer dollars, which should not be used to pay for abortions and life - ending drugs and devices.»

Among other things he lost his life savings in a business venture, escaped from a burning house, employed a caddie who routinely waded through water hazards, and had one of his golfing pay checks snatched away by an insurance company.

A life of being on - call, getting up at all hours, missing family events, paying crazy malpractice insurance, etc are not, for the most part, done by people who want to do harm.

It is worth noting that while people under age 65 in the U.S. live in a heavily market - dominated economy where poor employment outcomes mean poverty and a lack of access to health care, almost everyone over age 65 has most of their healthcare paid for by Medicare, (a FICA tax financed, single payer system that pays providers more or less the same rates as private insurance companies and has few cost controls), more than half of their nursing home costs paid by Medicaid, (which is stingy in how much it pays providers and moderately means tested), and receives enough of a guaranteed income from the combination of Social Security and SSI payments to keep the poverty rate for people age 65 +, (even if they have no retirement savings of their own), above the poverty line, regardless of the state of the local economy.

Industry data shows the difference insurers make With: 9.4 million paid everyday over life, income protection and critical illness insurance in 2014 Over # 1bn in claims paid to households and business affected by the winter 2013/14 floods and storms And tracking of motor and household premiums

As for why the corruption, all the obvious reasons: a) the country's made up of a zillion different historically hostile tribes arbitrarily thrown together as a country by the Brits; b) life is short, there are few official safety nets (e.g., unemployment insurance, pensions), so there are few moral qualms about taking care of your own, no matter what; c) there's not yet any sort of history of democracy, of regulation of profiteering — this is a very young, very capitalist country; d) the outside world and all its wealth provides tremendous incentives for corruption — the amount and indiscriminate nature of foreign aid, the fact that the amount of money that would eventually be paid for, say, a rhino horn dagger will trickle down to paying the poacher enough money to cover his kids» school fees for years; e) the fact that the west encourages the illicitly wealthy in the developing world to hide their loot in western institutions (e.g., Swiss banks).

The annuity is a guaranteed amount paid out by the life insurance company.

If you have a cash value policy and can no longer afford to pay the contract's premiums but still need insurance, for example, your carrier may be able to continue insuring your life by using your policy's cash value to buy term life insurance.

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

Life insurance is meant to protect your family from financial hardship after you're gone, so by leaving money to your spouse, you ensure that he or she won't struggle with paying the bills or for your kids» college.

Term life insurance is very affordable and if you're a college graduate whose parents helped you pay for college by co-signing loans, a term policy will cover the loan amount if you were to pass away.

1 «Retirement Certainty» specifically refers to the AXA Fixed Account available through a group fixed annuity issued by and backed by the claims - paying ability of AXA Equitable Life Insurance Company (AXA Equitable).

All contract guarantees, including optional living and death benefit riders and annuity payout rates, are backed by the claims - paying ability and financial strength of issuing insurance company.

Creditor Insurance for CIBC Personal Loans1, underwritten by The Canada Life Assurance Company (Canada Life) can help pay off or reduce your balance in the event of your death, or cover your payments in the event you are unable to work due to a disability or involuntary job loss.

When you plan for life's uncertainties by having a life insurance policy, you provide your family the opportunity to help replace lost income, eliminate debt, pay for college, keep a business afloat, protect family wealth, or address other financial needs and goals while they adjust to a new life.

Our church's whole life insurance policy became a MEC and the pastor neglected to alert the board of the MEC status because he was informed by the agent that 501cs are tax exempt and do not pay taxes on a MEC.

If a contingent or secondary beneficiary is not named, the life insurance proceeds will be paid to the estate of the policy owner by default.

An ILIT or Irrevocable Life Insurance Trust by definition is an irrevocable trust that is set up to hold life insurance and pay a death benefit to children and / or grandchildLife Insurance Trust by definition is an irrevocable trust that is set up to hold life insurance and pay a death benefit to children and / or grandInsurance Trust by definition is an irrevocable trust that is set up to hold life insurance and pay a death benefit to children and / or grandchildlife insurance and pay a death benefit to children and / or grandinsurance and pay a death benefit to children and / or grandchildren.

Guarantees are backed by the claims - paying ability of Jackson National Life Insurance Company or Jackson National Life Insurance Company of New York.

Key man life insurance helps companies to reduce the risk of business disruption by paying a death benefit if employees that are critical to business operations pass away.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

You might want to spare your survivors expense and trouble by making sure your life insurance coverage is enough to pay for your funeral and burial expenses.

Borrowers can avoid this pitfall by simply continuing to live in their home, making any needed repairs on an annual basis to upkeep the property, and making sure to plan ahead so they are able to pay their taxes and homeowners insurance when the bills become due.