Sentences with phrase «policy upon the death»

Like any beneficiary, the charity will receive the proceeds of your policy upon your death.

Term life pays out the value of the policy upon death in almost all circumstances.

At its most basic, life insurance provides a sum of money, called a death benefit, to the beneficiary of a life insurance policy upon the death of the insured.

Like any beneficiary, the charity will receive the proceeds of your policy upon your death.

The insurance company pays out a lump sum death benefit to the beneficiary of the policy upon the death of the insured.

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

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.

Your beneficiary receives the proceeds of your life insurance policy upon your death.

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

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.

A death benefit is a payment to the beneficiary on an annuity, pension, or life insurance policy upon the death of the annuitant or policyholder.

The insurance company pays a cash amount (called the coverage amount or death benefit) to the beneficiary (s) named in the policy upon the death of the insured person named in the policy.

Your beneficiaries receive the face amount of the policy upon your death.

The death benefit is the amount paid to the beneficiary of the insurance policy upon the death of the insured person.

You agree to pay the insurance company «premiums» on a regular basis (usually monthly) and in return, the insurance company agrees to pay the death benefit to the beneficiary of your insurance policy upon your death.

Like any beneficiary, the charity will receive the proceeds of your policy upon your death.

So keep up with a regular loan payment schedule and repay the money as soon as you can so your family is able to take full advantage of your Life insurance policy upon your death.)

It used to be that most life insurance policies were left in force in order that the intended beneficiaries could receive the face value of the insurance policy upon the death of the insured.

The insurance company pays a cash amount or death benefit to the beneficiary (s) named in the policy upon the death of the insured named in the policy.

The beneficiary of your life insurance policy receives the proceeds of the policy upon your death.

The company pays out a lump sum death benefit to the beneficiary of the policy upon the death of the insured.

Term life pays out the value of the policy upon death in almost all circumstances.

Beneficiary is the person named in the insurance contract who is entitled to receive the benefits of the policy upon the death of the policy holder.

A beneficiary is a person (or entity) that will receive the proceeds of the insurance policy upon the death of the insured.

Your beneficiary is the person or entity that will receive the proceeds of the policy upon your death.

The owner agrees to pay a premium to the insurance company, and in return, the insurer agrees to pay a death benefit on the life insurance policy upon the death of the insured person.

Riders are a-la-carte options you can purchase to improve the value of your policy upon your death.

The amount of money your family or heirs will receive from your life insurance policy upon your death is called the death benefit.

Not exact matches

Survivorship Builder is a single policy covering two lives that pays the death benefit upon the second insured's death — an option that might prove beneficial to some, such as, providing an income tax free death benefit, liquidity for estate taxes and wealth transfer and supplemental income needs.

Joint policies pay out upon the death of either you or the other policyholder.

The «right to die» and «death with dignity» proposals, while appealing to excruciatingly painful individual cases, would have, if they carry the day, what May calls a «cumulative impact» upon social policy and attitudes.

Among them are the rights to: bullet joint parenting; bullet joint adoption; bullet joint foster care, custody, and visitation (including non-biological parents); bullet status as next - of - kin for hospital visits and medical decisions where one partner is too ill to be competent; bullet joint insurance policies for home, auto and health; bullet dissolution and divorce protections such as community property and child support; bullet immigration and residency for partners from other countries; bullet inheritance automatically in the absence of a will; bullet joint leases with automatic renewal rights in the event one partner dies or leaves the house or apartment; bullet inheritance of jointly - owned real and personal property through the right of survivorship (which avoids the time and expense and taxes in probate); bullet benefits such as annuities, pension plans, Social Security, and Medicare; bullet spousal exemptions to property tax increases upon the death of one partner who is a co-owner of the home; bullet veterans» discounts on medical care, education, and home loans; joint filing of tax returns; bullet joint filing of customs claims when traveling; bullet wrongful death benefits for a surviving partner and children; bullet bereavement or sick leave to care for a partner or child; bullet decision - making power with respect to whether a deceased partner will be cremated or not and where to bury him or her; bullet crime victims» recovery benefits; bullet loss of consortium tort benefits; bullet domestic violence protection orders; bullet judicial protections and evidentiary immunity; bullet and more...

But I have a huge issue when religion is foisted upon me, it is used to make public policy, and used to inflict injury and death to people who are deemed «unworthy» (like gays or blacks or people who won't go along for the ride).

«Isa Muazu's removal from the UK and potential death on a flight or upon arrival in Nigeria is not only a tragedy but an end to the UK's reputation as a country with humane, civilised, just policies and government,» he said.

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.

A life insurance policy is cover that a person takes out, keeps up with the monthly premiums and in turn the insurer undertakes to pay their dependents / beneficiaries out upon their death.

Life insurance policies pay money to a beneficiary upon the policyholder's death.

«Direct term life insurance» simply refers to a term life insurance policy in which the party upon whose death the benefit would be paid out is the same party paying for the policy.

Claims are paid after death: You need to understand that claims from life insurance policy can only be made upon the death of the insured.

If you're not familiar a term life insurance policy is a contract that pays a specific amount of money upon the policy - holder's death.

Life insurance is a policy that offers a benefit to the designated beneficiaries upon the death of the policy holder.

Private student loans typically are not forgiven upon death (though each lender of course has their own policies in place).

In contrast to term insurance, a whole life insurance policy pays the death benefit stipulated in the contract upon the death of the insured, regardless of when it may occur.

Colonial Penn's Guaranteed Acceptance Program is a whole life insurance policy with a limited death benefit, and is often marketed to seniors that want to reduce their family's financial impact upon their death.

Colonial Penn's whole life policy lets you choose the particular death benefit you want, meaning premiums vary based upon your risk profile.

Life insurance is a contract between you and a life insurance company to guarantee your survivors a sum of money upon your death, provided that all of the premiums are paid and the policy is still in force.

It's perfectly legal that your uncle received a death benefit upon the deaths of his nephew and brother if he had policies insuring them.

Whole life insurance (cash value life insurance) offers a permanent accruing death benefit as well as accruing cash value within the policy over the life of the policy holder based upon mortality tables.

The death benefit from the policy becomes available upon the second death when estate tax and estate

While a life insurance policy is specifically designed to pay upon death, the long - term care rider will pay should you become critically ill or injured.