Sentences with phrase «policy on both spouses»

Because a joint last - to - die policy only pays once, it is much more cost efficient than owning two separate individual policies on each spouse.

For this reason, Curtis recommends buying a 10 - to 15 - year term life insurance policy on both spouses prior to retirement in order to protect the retirement savings plan.

The benefit to this is that because you are in charge of the policy on your spouse, you know you are financially protected should the unexpected occur and you have easy access to all the information required to receive the death benefit.

For example, if you are the owner of a life insurance policy on your spouse's life, and list your adult child as the beneficiary, you are effectively creating a gift of the policy's proceeds to your child.

If you're buying a life insurance policy on your spouse or a business partner, the insurance company is going to require that the other person take a medical exam unless you have chosen to purchase a no exam life insurance plan, which will come with a higher premium rate.

«The high - income earner may want to cut back to part - time or spend a lot more time with the kids, and that's a justification for having a healthy - size policy on both spouses,» says Donna Skeels Cygan, a certified financial planner in Albuquerque.

In addition, you may want to purchase a term life policy on your spouse to replace his / her income, or to pay someone to perform all of the work he / she does for the family.

«How to Take Out a Life Insurance Policy on Your Spouse» last modified July 27, 2017.

You can also take this policy on spouse, child and grandchild.

Not exact matches

A life insurance trust is a trust that has the power to purchase life insurance policies on the person who establishes the trust (the grantor), the grantor's spouse, or the trust...

A life insurance trust is a trust that has the power to purchase life insurance policies on the person who establishes the trust (the grantor), the grantor's spouse, or the trust beneficiaries.

When asked whether their firms allow employees to trade on their own behalf through external accounts, 61 % of respondents said employees and spouses can trade on their own behalf as long as they report their activities to the company, compared to 51 % in last year's survey; 22 % said their firm's no - trading policy is strictly enforced and is a major deterrent to outside trading activities, slightly down from 25 % in January 2016; 14 % said their company has a no trading policy and that it is clear that violation it is a fireable offense, compared to 12 %; and another 3 % said that while their firms have no trading policies, they are loosely enforced and of little concern to employees, down from 12 %.

In their company policies can be found instruction that they do not approve of married women or men cheating on their spouses, but it is put in politically correct and religious wording, of course.

This 2017 survey of 1,200 active - duty military servicemembers, veterans and their spouses aims to help policymakers and the public better understand this important population's perspectives on school choice policies, the military profession and more.

In this report, authors Paul DiPerna, Lindsey Burke and Anne Ryland share the results of a 2017 survey of 1,200 active - duty military servicemembers, veterans, and their spouses to help policymakers and the public better understand this important constituency's perspectives on K — 12 education, school choice policies and the military profession as a whole.

The report identifies several managers and their spouses who are tied to the charter network, several of whom presumably champion school choice and other conservative education policies on the Trump administration's policy agenda (Hedge Clippers, 2015).

Allows your spouse to be covered on your policy for an additional cost, without your spouse having to take out a whole policy themselves.

Let's suppose now that the family has a $ 1 million life insurance policy on the life of the deceased spouse.

Based on the language in the standard policy form, Regency Towers renters insurance will cover: The named insured (you), resident relatives of the named insured, and the resident spouse of the named insured.

Check your and your spouse's policy for exclusions or limitations on pre-existing medical conditions.

Consider adding your new spouse as a joint owner on non-retirement accounts, and including your spouse and children as beneficiaries on life insurance policies and retirement accounts.

You can buy a life insurance policy on behalf of your spouse or partner.

The right policy and amount of coverage depends on your needs — such as the amount of income you'd want to provide a surviving spouse, expenses to cover, charitable giving, or wealth transfer goals.

For example, if an individual owns a policy based on the life of his spouse and names himself as the beneficiary, this policy will not be creditor proof.

On the other hand, if you've just purchased a home with your spouse, you might consider a decreasing term policy (since your mortgage balance decreases over time as you pay it off) with a death benefit equal to the size of your outstanding loan.

Not only do LGBT workers now have the option of purchasing voluntary life insurance on their spouse through a group policy, but purchasing individual life insurance got easier too.

While spouses can own life insurance on each other, most couples top to own their own policy and simply name their spouse as the policy beneficiary.

One of the things to be aware of is that spouses are automatically covered on the standard HO - 4 policy form, you don't need to endorse them, or even to add them to the policy.

No matter how your relationship is organized, you can always put a partner, spouse, or companion on your San Francisco renters insurance policy.

Since the definition of named insured on a renters or homeowners policy is commonly «named insured, resident spouse, and resident relatives,» the answer is yes!

These policies offer much lower premiums as the death benefit is paid out on the passing of the second spouse (i.e. if you die, the death benefit is held until your spouse also dies).

The spousal rider allows you to add on life insurance to cover your spouse versus owning two separate life insurance policies.

Another example would be if you have a spouse and child that rely on your income, a policy would ensure that your income is replaced for a certain amount of time should you unfortunately die prematurely.

You might want a small term life insurance policy that could cover your final expenses, or you might be looking for a term life or whole life policy that could provide for your spouse's needs if he or she lives on after your passing.

If your spouse is absolutely opposed the idea of having life insurance on his or her own life, you may need to buy and maintain a policy for them.

Even though the policy is on your spouse's life, and not on yours, you can still take the policy and be the owner.

If you and your spouse don't have children, then it could be as simple as having the beneficiary on your policy changed.

In cases where the employer of your spouse is the owner of the policy on behalf of your spouse, and the beneficiary is you or the employer, any proceeds above the premiums paid are considered to be taxable income to the death benefit's recipient.

If you die, the insurance policy pays out enough money for your surviving spouse to buy a new annuity on their life at that time.

The «named insured» on your Mesquite, TX renters insurance policy covers you, your resident spouse, and your resident relatives.

I am the primary insured on the policy, and he is included as a spouse.

That's why AutoAid policies cover the driver named on the policy, along with any legal spouse, for whichever vehicle they are legally driving when they require Roadside Assistance.

With this figure on paper, you can start subtracting your savings and investments, your spouse's retirement funds, and other insurance policies that might help buffer the impact.

The life insurance option from State Street is similar to the Lincoln MoneyGuard but unlike MoneyGuard, both spouses can be on one policy.

If you have a spouse and children who rely on your income alone, a life insurance policy is practically a necessity.

In some situations the new spouse may not be too excited about paying premiums on a policy that doesn't benefit their own heirs.

You can either choose to add a death benefit for each spouse or have the policy pay on either the first or last to die.

The insurance policy will provide a return of capital at the death of the insured (you), with the lifetime income stream continuing for the surviving spouse or stopping if the annuity was just life - only on you.

If you're relying on pooling points with a spouse or family member, it's critical that you understand what those transfer policies are before you begin earning those much - needed points.

There's nothing more disconnected from real life than climate policy, so it was a welcome distraction to hear my spouse Lisa, a naturalist, yell, «You've got to get out here right now,» as she hung laundry on the line strung to the big walnut in our back yard.