Sentences with phrase «policy benefits owed»

We will strive to obtain the insurance policy benefits owed to you in a way that directly addresses your specific, unique needs.

Not exact matches

Commonly, the death benefit from a survivorship life insurance policy is calculated to pay federal estate taxes and other estate - settlement costs owed after both spouses pass away.

Buscemi Hallett LLP has extensive experience evaluating these claims, documenting the benefits owed under insurance policies and aggressively pursuing the maximum amount recoverable.

(I) «First - party claimant» means an individual, corporation, association, partnership, or other legal entity asserting an entitlement to benefits owed directly to or on behalf of an insured under an insurance policy.

Under clause 4 (b)(vii), an amount the insured is entitled to recover from «any policy of insurance providing disability, loss of income, medical expense or rehabilitation benefits» is deductible from any amount owed to the insured by the SEF 44 insurer.

With respect to medical benefits, State Farm argued that no further medical benefits were owing under the insurance policy on the basis the Plaintiff sustained minor injuries under the MIG.

However, the tax laws dictate that the death benefit from your life insurance policy gets added into the rest of your estate when calculating your estate's value and the amount of estate tax you owe.

Owing to lack of awareness, only 24 students have availed of an insurance policy introduced by the MCD that was meant to benefit 10 lakh of them over the last four years.

Any money which you owe on a policy loan would be deducted from the benefits if you were to die, or from the cash value if you were to stop paying premiums.

The policy death benefit can match the amount owed on the loan, and be reduced in the future as the loan balance is paid down.

The loan is accounted for within the policy itself, and the principal loan amount and corresponding interest reduce the death benefit by the amount owed.

A policy owner who takes a loan against the available cash value may choose to pay back the loan with interest, or to have the amount owed deducted from the death benefit at the time of payout, or to surrender the policy and have the amount owed deducted from the available cash value.

You may benefit from a permanent life insurance policy if you have a high annual income and think you will owe a large amount in estate taxes.

The death benefit from a survivorship life insurance policy is typically calculated to pay federal estate taxes and other estate - settlement costs owed after both spouses pass away.

With graded benefits, the entire amount of the stated death benefit may not be paid out to the named beneficiary if the insured dies within the first few years of owing the policy.

If owing to some disability, you lose the ability to earn and are not able to pay you premium, your policy might expire and you will not receive any death benefit owing to the non-payment of premiums.

However, if you pass away while a loan is taken out against your policy, the remaining balance that you owe will be deducted from the death benefit your beneficiary receives.

If you investing in an endowment policy owing to the tax saving benefits and the attractions of an insurance and investment package bundled into one, you might regret it later on.

In this case the insurer may advance 25 - 40 % of the death benefit of the base policy to the insured.It is necessary to note that the insurance company will deduct the amount he receives as the plus the interest from what the beneficiaries will receive on the policy holder's death owing to terminal illness

The premium of the decreasing term policy remains level for the duration but the death benefit decreases with the balance owed on your mortgage... or close to it.

For instance, if you take a loan from your universal life policy and happen to pass away before the amount is repaid, your death benefit will be reduced by the amount owed.

With an annuity, the insurer will pay the balance of your policy's death benefit over time, allowing them to continue to earn interest on the remaining money they owe your beneficiaries.

When you both pass way, your second to die insurance policy will pay the death benefit to your trust, and in - turn, your trustee can use this money to settle any estate taxes that are owed to the state or IRS.