Sentences with phrase «payable upon the death»

POD is the acronym for payable upon death.

The insurance is payable upon death, and the cash value is available to the policyholder to withdraw or borrow against.

Taxes payable upon death are generally a much bigger concern than probate fees.

Financial Accounts: Most financial accounts may be made payable upon death to a named beneficiary, including a nonprofit organization such as Animal Humane.

Velentyne Estate v The Canada Life 2017 BCSC 1444 upheld the insurer's exclusion clause that mortgage insurance would not be payable upon a death if the death resulted as a result of criminal activity.

Term life insurance, for example, provides a straight death benefit, payable upon the death of the policyholder.

After the second year, the full death benefit is payable upon death regardless of the cause of death.

Term insurance is the most affordable type of coverage and offers a substantial benefit payable upon death.

One possibility is a second to die life insurance policy because the death benefit will only be payable upon the death of the last spouse.

The amount stated in a policy contract as payable upon the death of the person whose life is being insured.

Variable life insurance benefits, payable upon death or surrender, vary with the investment performance of an underlying portfolio of securities.

The amount stated in a life insurance policy that is payable upon the death of the insured person listed on the policy.

The amount available in cash when a policyholder voluntarily terminates a life insurance policy before it becomes payable upon death or maturity.

(A death benefit is a small amount payable upon death for funeral expenses.

The benefit is payable upon the death of the insured beginning the day it goes in force, so literally if your policy went in force today and you died tonight of a heart attack, the full benefit would be payable as soon as the company reviews their underwriting.

the employee is informed in writing that an applicable policyholder will be a beneficiary of any proceeds payable upon the death of the employee.

Not exact matches

A Payable on Death (POD) account, also known as a Totten or informal trust account, is a simple way to disperse assets upon dDeath (POD) account, also known as a Totten or informal trust account, is a simple way to disperse assets upon deathdeath.

Because the federal estate tax imposes a lump sum obligation upon by the estate that is payable within 9 months of the date of death, a huge estate planning objective has been to avoid it at all costs.

The death benefit proceeds are payable upon the second death.

Proceeds: The amount payable under the terms of a life insurance policy upon the insured's death or upon the maturity of an endowment.

The definition of life insurance death benefit is the amount of money payable to the beneficiary or beneficiaries listed on a life insurance policy upon the death of the insured, minus any policy loans.

Nancy, each institution has its own procedures, but if you designate your children as beneficiaries with a Payable on Death (POD) registration, there should be a straightforward process for each beneficiary to withdraw their share of the CD upon death of the oDeath (POD) registration, there should be a straightforward process for each beneficiary to withdraw their share of the CD upon death of the odeath of the owner.

A transfer on death registration allows you to transfer such accounts to another individual upon your death, allowing the assets to avoid probate; a similar registration type — payable on death is available for bank accounts.

Survivor Benefit - The benefit payable to a surviving spouse or designated beneficiary upon the participant's death.

The proceeds or benefit that is payable to the beneficiary of a life insurance contract upon the death of the insured.

That clause was held to mean that the wife's support was only payable as long as the paying husband was alive; it terminated upon his death and his estate was not liable to continue paying her.

If proceeds are payable upon the second death, it is called survivorship insurance.

Upon the death of the insured, the death benefits payable are reduced by the total accelerated death benefit lien.

Death Benefit Life insurance policy proceeds payable to the beneficiary upon proof of the insured's dDeath Benefit Life insurance policy proceeds payable to the beneficiary upon proof of the insured's deathdeath.

This rider enables your spouse, if he or she is the sole primary beneficiary, to continue your policy upon your death as the new owner, at a potentially higher policy value that includes any amount that would be payable under the Enhanced Beneficiary Benefit Rider.

LTCSO allows the owner of the AAFMAA policy the option of converting the death benefit on an eligible insured life — normally payable only upon the death of the insured — into regular periodic payments prior to death, specifically to defray the cost of nursing home, custodial or home health care for the insured.

Upon death of the insured the death benefit is payable which can be taken in monthly instalments or in one lump sum

These plans cover two lives, with a death benefit that is payable upon the second person's passing.

However, the cash value, along with the face value, can increase or decrease the amount payable to the beneficiary upon the insured's death.

And the insured amount is payable by the Insurer at the end of a specified number of years or upon the death of the Insured, whichever is earlier.

These funds could purchase a single premium, paid - up policy with a $ 130,000 death benefit payable to the charity upon her death.

Upon the death of the insured, the death benefits payable will be reduced by the total accelerated death benefit lien.

Death Benefit: Upon the death of a single pay policyholder, Highest of 125 % of single premium or sum assured or absolute sum assured will be payable to the nomDeath Benefit: Upon the death of a single pay policyholder, Highest of 125 % of single premium or sum assured or absolute sum assured will be payable to the nomdeath of a single pay policyholder, Highest of 125 % of single premium or sum assured or absolute sum assured will be payable to the nominee.

The sum payable upon maturity or the death of the insurer will include the reversionary bonus made from the profits.

Death Benefit: In the unfortunate event of death of the life insured, while the policy is still active, the Death Benefit is payable depending upon the plan option chDeath Benefit: In the unfortunate event of death of the life insured, while the policy is still active, the Death Benefit is payable depending upon the plan option chdeath of the life insured, while the policy is still active, the Death Benefit is payable depending upon the plan option chDeath Benefit is payable depending upon the plan option chosen.

The premium payable amount of the Jeevan Sangam Plan depends upon the age of the policyholder, the maturity sum assured amount selected and needs which change from time to time The plan is also providing a death benefit that would be ten times of the tabular single premium along with some loyalty addition.

This will provide him with $ 118,073 in income tax - free death benefits payable to his beneficiary upon his death.

Life Insurance written on two or more persons with benefits usually payable only upon the first death.

The death benefit is payable upon the second death.

The Sum Assured plus all bonuses to date is payable in a lump sum upon the death of the life assured.

The Loyalty Addition is payable on death upon completion of five policy years or at maturity.

Upon commencement of the risk cover, the death benefit payable is same as for Entry Age 5 years and above.

Upon your death, 100 % of the purchase price shall be payable to your nominee.

Upon commencement of the risk cover, the death benefit payable is same as applicable for policyholder with entry age 5 years and above.

Upon choosing annuity option D, on the death of the annuitant during the guaranteed period of 15 years, the annuity is payable to the nominee till the expiry of this period.