Sentences with phrase «proceeds upon the passing»

A life insurance policy beneficiary is the person or the entity that will receive the policy's death benefit proceeds upon the passing of the insured.

Not exact matches

Upon the qualified plan holder's passing, a spousal beneficiary may be able to roll the proceeds into his own IRA.

In most cases, you can also choose a beneficiary to receive proceeds from your annuity upon your passing.

Now, if you passed away, the death benefit would be distributed based upon who was still alive and able to claim the proceeds:

Upon arrival all guests in the travelling party must proceed directly to reception with their identification to validate the pass.

Life insurance is based in contract law, and the proceeds pass by operation of law upon the insured's death.

(b) Upon a roadway which is divided into 3 lanes and provides for two - way movement of traffic, a vehicle shall not be driven in the center lane except when overtaking and passing another vehicle traveling in the same direction when such center lane is clear of traffic within a safe distance, or in preparation for making a left turn or where such center lane is at the time allocated exclusively to traffic moving in the same direction that the vehicle is proceeding and such allocation is designated by official traffic control devices.

Upon your death, in most states, the proceeds can pass to your beneficiaries free of any claims of your creditors.

In most cases, you can also choose a beneficiary to receive proceeds from your annuity upon your passing.

When purchasing your policy you will select a beneficiary or beneficiaries who will receive the proceeds (death benefit) from your life insurance upon your passing.

This means that generally speaking an insured person can pass along money to heirs without incurring any additional taxes based upon life insurance proceeds.

Now, if you passed away, the death benefit would be distributed based upon who was still alive and able to claim the proceeds: