Sentences with phrase «paying your premiums for life»

The beneficiaries will normally decline to take any «gifted» funds from the ILIT and the money is then used to pay the premiums for the life insurance policy that is owned by the trust.

Whole life insurance typically requires that the owner pay premiums for the life of the policy.

If you pay a premium for life insurance and get nothing back, your cost for death protection is the premium.

If you want to earn some while paying premiums for your life insurance, the universal life insurance plan is made for you.

Therefore, it is essential that you review your capacity to pay the premiums for the life insurance policy that you opt for.

Instead, you just pay your premiums for the life of your policy, and if you don't die, the policy ends at the end of your term.

Paying the Premiums You can still pay the premiums for the life insurance policy — doing so is not considered an «incident of ownership.»

Paying premium for the life insurance cover will help you get tax deductions of up to Rs 1.5 lakh.

A main factors in deciding the taxabiity of this is who paid the premiums for the life insurance and whether or not it was deducted on a tax return.

If your loan - to - value ratio was more than 90 percent, you're stuck paying the premiums for the life of the loan.

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 coverage.

Anyone holding a leverage life insurance annuity, or a 10/8 arrangements (another leverage insurance product) will now be subject to accrual - based taxation and no deduction will be allowed for any portion of the insurance premium paid on the policy.

For retirees who are still paying off large loans (think failed business ventures or real estate deals), a guaranteed level - premium term life policy is ideal, said Scott Simmonds, a fee - only insurance consultant in Saco, Maine.

Another thing you are paying a higher premium for when you buy a traditional whole life insurance policy is consistency.

As with our other employees, we also paid life insurance premiums for the benefit of our named executive officers (other than Larry and Sergey).

We also pay life insurance premiums for all employees (other than Larry and Sergey).

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.

This means that unless you cash in your permanent policy, you will be paying the annual premium for the rest of your life.

Premiums for whole life insurance are consistent, though they can either be paid annually or for a predetermined period of time (such as 20 years), though they'll be significantly higher for that period.

Cash value life insurance policies are typically permanent, meaning you have coverage for the entirety of your life so long as premiums are paid.

This means that you can purchase a significant amount of accidental death insurance for a much lower premium than you would pay for a traditional life insurance policy.

Put down less than 10 %, and you'll pay mortgage insurance premiums for the life of the loan.

In addition, most FHA loans require borrowers to pay an upfront mortgage insurance premium and a monthly mortgage insurance premium for the life of the loan.

For some permanent life insurance policies, you're also able to pay premiums using the policy's cash value.

Permanent life insurance refers to a set of life insurance policies that provide coverage for your entire lifespan, so long as premiums are paid.

Permanent insurance, which includes whole life and universal insurance policies, is for life: It provides a death benefit for as long as you pay the premium, but also may include cash value that can be accessed during the insured person's lifetime.1

Another novel finding is that we establish the existence of a height premium for work and life satisfaction, but only for paid employees.

And many borrowers will end up paying the annual premium for the life of the loan, due to a new cancellation policy introduced last year.

Despite the general lack of a deduction for premiums paid, life insurance can be a valuable tool for many businesses.

For real estate, Owen talks about purchasing in premium locations (even if that means paying extra, and always think long term) and gives real life examples of properties in Vancouver and how they have appreciated over time.

This is one of the biggest downsides to the program, especially since the annual premium has to be paid for the life of the loan in most cases.

In exchange, you pay a given monthly premium for the life of the coverage.

Term insurance is for a specific period of time whereas permanent is for life as long as the premiums are paid.

Traditional term life insurance is the best option for most families because of how affordable it is; however, if you can afford to regularly pay the increased ROP premiums without fail, then it's something to be considered.

Like Life Insurance policy, a health insurance policy is a legal contract between insurer and insured; in which insured pays premiums and in returns, insurer agrees to pay for medical expenses for a specified limit or sum insured.

«As there is no bid premium Standard Life shareholders are effectively paying for this takeover premium over and above the fundamental value of Aberdeen.»

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.

Since whole life insurance is a type of permanent life insurance, you will continue to have coverage for your entire lifetime so long as the premiums are paid.

Premiums are generally paid for the life of the policy, though some choose to pay a higher premium for a shortened period of time, such as 20 years, in order to make sure their policy doesn't lapse later.

A portion of your premium pays for life insurance coverage equal to the face value of the policy.

This means that the policy can not be canceled and the contract provisions can not be changed without your consent, and the premiums can not be raised for the life of the policy as long as you continue to pay your premiums.

But, if you look at insurance more as an investment option and you can afford to the pay the long term premiums, whole life insurance is ideal for you.

Regular term life insurance is the best option for most families because of how affordable it is; however, if you can afford to regularly pay the increased ROP premiums without fail, then it's something to be considered.

Although, if you put down less than 10 %, you have to pay mortgage insurance premiums — a fee that protects the lender if you default — for the life of your loan.

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.

Permanent life insurance covers you for your entire life so long as you continue to pay the premiums, and is a category that encompasses several distinct policies.

The FHA charges upfront mortgage insurance premiums as well as annual premiums, and some FHA loans require that these premiums are paid for the life of the loan.

Protection UL's guarantees, often to life expectancy and beyond, along with affordable premiums and cash value growth potential can help consumers replace lost family income and fund future expenses such as helping to pay for college or supplementing retirement savings.

For example, if you currently have a high income but low retirement savings, you may choose to pay a larger annual premium for the first 20 years to make sure the policy is paid off then build up your savings, as opposed to paying a lower premium for your entire liFor example, if you currently have a high income but low retirement savings, you may choose to pay a larger annual premium for the first 20 years to make sure the policy is paid off then build up your savings, as opposed to paying a lower premium for your entire lifor the first 20 years to make sure the policy is paid off then build up your savings, as opposed to paying a lower premium for your entire lifor your entire life.

The two primary categories of life insurance policy are term and permanent, with term policies only offering coverage for a fixed period of time, while permanent policies last so long as you continue to pay the premiums.