Sentences with phrase «policy by the beneficiary»

This request for payment of the amount due in accordance with the terms and conditions of the policy by the beneficiary is known as Death Claim.

Not exact matches

Some 70 % of shares in U.S. - listed companies today are held by mutual funds, pension funds, insurance companies, sovereign funds, and other institutional investors, which manage them on behalf of beneficiaries such as households, pensioners, policy holders, and governments.

Further, if the death benefit exceeds the policy cash surrender value, the proceeds received by the beneficiary after the client's death will also be income tax - free.

Yes, but you neglect to consider that the money you save by opting to go with term insurance can be invested, and you'll probably be out way ahead with that money for your beneficiaries and heirs rather than if they wait for you to die and collect their benefits through a whole life policy.

The Oregon study's finding that expanding Medicaid had a statistically insignificant impact on the health of beneficiaries could be used by many Republican politicians as an excuse to ignore health care policy beyond making some gestures in the direction of repealing Obamacare.

«The belief that corruption is the important issue in the country is shared only by the minority living in urban areas and towns who have been beneficiaries of economic liberalization policies mandated by western countries.

Realizing that such an award would be rejected out of hand by a judge, Sparks moderated her demand, and Payton agreed to contribute $ 5,550 a month in child support, establish a $ 175,000 college trust fund and purchase a $ 1 million life insurance policy naming the child as beneficiary.

3) The entire mandate by the state bothers me, in fact, because while I support the idea of shoring up the nutrition of low - income children (who as you point out are the likely beneficiaries of the policy), I DO N'T support the idea of intervening in what parents choose to feed their children.

The research team, led by Dr Sarah Ayres, conducted interviews with senior Whitehall officials in which they found a growing awareness of the need to boost the competitiveness of England's economically weaker regions and to improve services through decentralisation and empowerment.Whitehall officials viewed the first round of RFAs in 2006 as generally positive - in particular, the main beneficiary had been the Department for Transport and transport policy.

Over the past week I've heard the following arguments - they want to lift the poor out of tax, actually the main beneficiaries of this policy won't be the poor because they don't pay tax, but will instead be the middle class, anyway, on a point of principle we need to simplify the tax system, and we need to cut public services by # 80 billion per year, or maybe we don't.

Explaining his professed love for President Mahama — Mr Beautiful said he was drawn to the NDC because of the vision and policies for the arts and entertainment industry, and does not regret campaigning for the ruling party since he is a direct beneficiary of the policies being implemented by the Ministry of Tourism, Culture and Creative Arts.

«Though this programme among others were adopted from the already sustained policies of Osun government and today, it has not only being nationalised but also maintained as thousands of Nigerians can boast of being the beneficiaries of N - Power Programme initiated by our administration.

This can occur over time, as white women are quickly achieving parity in some scientific fields, as the group that is the main beneficiary of affirmative action policies that were fought for primarily by African Americans.

A district school board may establish policies to provide for a lump - sum payment for accrued vacation leave to an employee of the district school board upon termination of employment or upon retirement, or to the employee's beneficiary if service is terminated by death.

Will you beneficiaries have the safety net of cash promised by the term life insurance policy you just purchased?

Top criticisms of the Trump plan: the top beneficiaries of the changes will be the 0.1 % with incomes over $ 3.7 million who would save 14 % of after tax income, compared to an 8 % saving for middle income household; this according to research by the Tax Policy Centre.

Protect the beneficiaries of your life insurance policy by making it exempt from your taxable estate.

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.

This can be accomplished by making the revocable living trust the beneficiary of the second to die policy FBO (for the benefit of) the specified individual beneficiaries.

The death benefit of an exempt life insurance policy is received tax - free by the beneficiaries.

If the person covered by the life insurance policy dies within that term, the beneficiary (in this case, their parent) will receive a death benefit.

Beneficiary: A person (s) designated by the policy owner to receive the proceeds of an insurance policy upon the death of the insured.

If you have an outstanding loan on your whole life insurance policy when you die, the death benefit that is paid out to your beneficiary (or beneficiaries) will be reduced by the unpaid amount of..

Change of Beneficiary Form: A form provided by the insurer that the policy owner must complete in order to change the beneficiary oBeneficiary Form: A form provided by the insurer that the policy owner must complete in order to change the beneficiary obeneficiary on a policy.

Most importantly, these policies avoid income taxes when inherited by a beneficiary.

Secondary Beneficiary: A person (s) designated by the policy owner to receive policy proceeds if the Primary Beneficiary is deceased at the time benefits become payable.

Contingent Beneficiary: A person (s) designated by the policy owner to receive policy proceeds if the Primary Beneficiary is deceased at the time benefits become payable.

For life insurance policies that pay death benefits in the form of a lifetime payout, the portion of the payout that is not subject to tax if the policy has no refund provision or stated time period guarantee which is determined by dividing the amount of the death benefit by the life expectancy of the beneficiary.

While the policy is being paid out, the carrier is making money for the beneficiary by holding on to the remainder — similarly to how a bank account gains interest.

While paid - up additions increase the death benefit received by your beneficiaries, they are often used primarily to increase a policy's cash value.

Avoid probate fees by naming beneficiaries to life insurance policies and pension plans, joint ownership and by multiple wills.

Unless you name your estate as your beneficiary, or purchase the policy as a third party, these insurance proceeds will also be non-taxable by the IRS or state agencies.

By paying into a policy throughout your lifetime, you guarantee that your beneficiaries will receive a minimum pay - out at the time of your death.

Yes, but you neglect to consider that the money you save by opting to go with term insurance can be invested, and you'll probably be out way ahead with that money for your beneficiaries and heirs rather than if they wait for you to die and collect their benefits through a whole life policy.

If the policyholder dies within the time frame set out by the insurance policy, their beneficiaries will receive the death benefit.

Equity Key protects lender interests by having all participants sign a life insurance policy that names Equity Key as the beneficiary to their home.

In addition, should the policy holder pass away while there is still an unpaid loan balance, this amount will be deducted from the total amount of death benefit proceeds that are received by the policy's beneficiary.

Change your beneficiary by faxing, emailing or mailing Lincoln Financial's Beneficiary Change for Life Policy form fobeneficiary by faxing, emailing or mailing Lincoln Financial's Beneficiary Change for Life Policy form foBeneficiary Change for Life Policy form found online.

Special needs or pre-Medicaid estate planning may be accomplished by making an irrevocable special needs trust the beneficiary of a life insurance policy, thereby providing necessary support to a dependent beneficiary without disqualifying them from public benefits.

A premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

If an estate is larger and therefore vulnerable to federal or state estate tax exposure, an irrevocable trust may be used to provide liquidity for the estate without being subject to estate taxes by owning the policy and being designated as the beneficiary upon the death of the insured.

The policy will still pay out a death benefit to your beneficiaries when you die, but over time this death benefit is gradually replaced by the cash value.

The death benefit from a permanent life insurance policy received by the beneficiaries is generally income tax - free.

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

Death Benefit Processing: As a resident of Delaware and beneficiary of a Delaware insurance policy, it is your right as recognized by the State Code to a swift and reasonable payment of death benefits.

Beneficiary A beneficiary is the person (s) selected by the policy owner to receive the life insurance payments upon the death of tBeneficiary A beneficiary is the person (s) selected by the policy owner to receive the life insurance payments upon the death of tbeneficiary is the person (s) selected by the policy owner to receive the life insurance payments upon the death of the insured.

We hope you'll join our Legacy Society program by naming Nate's Honor Animal Rescue as a beneficiary in your will, life insurance policy, pension plan or charitable trust.

By making The Niagara Falls Humane Society the irrevocable owner and beneficiary of a life insurance policy, you can be entitled to a donation income tax receipt for every premium you pay.

We hope you'll become a Founders Society member by naming the Dumb Friends League as a beneficiary in your will, living trust, life insurance policy, pension plan, or charitable trust.

Life Insurance Gifts: Make Best Friends Animal Sanctuary the owner and beneficiary of a life insurance policy Retirement Plans: Donate your interest in an IRA or other qualified savings plan If you are considering a gift or would like more information, please email us at [email protected] or to contact us by phone, please call [phone].