Sentences with phrase «provide the named beneficiary»

A life insurance policy is a contract between you and an insurance company that provides your named beneficiaries with a death benefit payout upon your death (if your policy is in good standing).

The policy will provide the named beneficiary on your policy with death benefits during the length of the term.

Not exact matches

For example, this information includes your name, address, tax identification number, birth date, investment selection, beneficiary information, and possibly your personal bank account information and / or email address if you have provided that information.

The contingent bequest provides for family and friends and will benefit the hospital only if the named beneficiaries predecease you.

The van travels around the city to provide broadband internet access, and one beneficiary, a single mother of four living in the Bronx named Marsha Robinson, shared that the initiative helped her earn an associate's degree in applied science.

Term life insurance is designed to provide death benefits to the named beneficiaries of the policyholder.

Anyone can add a POD beneficiary to an existing account by providing the financial institution with some basic information about the named beneficiary.

In the event of the insured's death, a life insurance death benefit will be paid to the named beneficiary on the policy - provided a claim is filed.

The estate of the survivor should be named the beneficiary of the policy to provide liquidity necessary to pay for the tax bill.

Another name would be «death» insurance, since the focus is on providing for the insured's beneficiary upon the death of the insured.

Naming a beneficiary in a life insurance policy or leaving a bequest in a will only provides for cash after death, so it may not be the answer for everyone.

Please provide Beneficiary's full name, mailing address, phone number and date of birth.

Buying a term life insurance policy would provide your loved ones with a death benefit (paid to your named beneficiary upon your passing), which would help cover the costs that you normally covered.

If the annuitant dies while he or she is still receiving income payments from the SPIA annuity, and provided that these payments are a non-life only option, a named beneficiary (or beneficiaries) will have a few options.

Provide a signed written request providing the beneficiary name and date of birth and mail to BOFI Federal Bank P.O. Box 509127, San Diego, CA 92150 or; fax to 858-350-0443.

In return for these premiums, the insurance company will provide a death benefit to a named beneficiary upon proof of the insured's death and a policy cash value.

Life insurance provides a tax - free cash payment to your named beneficiaries (such as your spouse or children) upon your death.

Send a request through secure email in Online Banking providing the beneficiary name and date of birth.

If you have a life insurance policy that is no longer needed to provide for dependents, consider naming Homeward Pet Adoption Center as the beneficiary.

For example, you can name Kitten Rescue as a beneficiary if you have a life insurance policy that is no longer needed to provide for dependents, or as a beneficiary of a Certificate of Deposit (CD).

Life Insurance Policies: If you own life insurance but no longer need the future benefits it can provide consider naming the Golden Gate National Parks Conservancy the beneficiary of your policy.

Your executor will file with the local probate court to commence the probate process, and will have to provide the court with the validity of your will, in addition to a list of your property, assets, debts, and named beneficiaries.

(ii) provisions naming the Owner as an intended third party beneficiary of such confidentiality obligations set forth in the agreement with the third party, with the right to enforce such confidentiality obligations in respect of its Confidential Information directly against the third party and providing for the delivery by the third party of a certificate to such effect to the Owner on request from the Owner.»

(g) to categorise my files and make a list of the categories and with a short descriptions of the files in each category, provide copies of the list to my Trustees and to [any person named by them (or) the beneficiaries of my will (other than charities and other bodies)(or)[list names] and provide to any of them copies in computer readable form of such of the files as any of those person requests; and

The statute provides that if you name more than one beneficiary, each beneficiary will inherit the property in equal and undivided shares with no right of survivorship.

An insurance policy provides a tax - free lump sum to a named beneficiary that could be used towards funding college in the event of the death of a parent.

When you select a beneficiary, you should provide the complete name of the person and state clearly the amount or percentage of the proceeds the person is to receive from your life insurance policy.

In some situations, an individual may even want to name a certain funeral home as the beneficiary of a burial insurance policy so that the funds can quickly be provided for the services that are being rendered.

This policy provides a graded benefit, which means that if death of the insured that is due to natural causes — in other words, death that is caused by means other than an accident — during the first two years in which the policy has been in force, the named policy beneficiary will only receive back all of the premiums that were paid in, plus 10 percent, as versus the face amount of the policy.

Another way you can provide a substantial gift to a non-profit organization is to name a charity as the primary or contingent beneficiary of your life insurance policy.

Keep in mind that naming a charity as a beneficiary doesn't provide the same charitable income tax benefits as gifting a policy.

In the event of the key employee's death, the policy's death benefit is payable to the company which can be used to provide continued supplemental benefits or to provide a lump sum benefit to the executive's named beneficiary.

If you have additional family members you'd like to provide for after you're gone, you can also name them as your primary beneficiaries, in addition to the special needs trust.

They also allow the trust to provide support to the named guardian while still allowing the beneficiary to qualify for public, needs - based benefit programs (Medicaid and Supplemental Security Income).

For instance, term life insurance allows you to name a charity as your beneficiary, while whole life insurance provides an host of tax benefits someone looking to donate their estate could find useful.

Multiple Beneficiaries with Survivorship When there are two or more beneficiaries the same guidelines should be followed; the names of the individuals and some identifying information mustBeneficiaries with Survivorship When there are two or more beneficiaries the same guidelines should be followed; the names of the individuals and some identifying information mustbeneficiaries the same guidelines should be followed; the names of the individuals and some identifying information must be provided.

A type of financial - protection policy that provides cash to a named beneficiary upon the insured's death, which an insurance company will offer to an applicant regardless of health.

This provides a death benefit to a named beneficiary if the insured dies as the result of a covered accident.

Provides income tax - free money to your named beneficiary (s) that can be used to pay funeral expenses, debt, tuition, estate taxes or virtually any financial need you leave behind.

These policies will typically provide somewhere between $ 5,000 and $ 25,000 in death benefit coverage that is paid out to a named beneficiary, and that is free of income taxation.

In the event of the insured's death, a life insurance death benefit will be paid to the named beneficiary on the policy - provided a claim is filed.

Life insurance securities provide finances for the named beneficiaries upon the policyholder's death.

So, if you buy a $ 500,000 level term policy for a 20 year term and were to die unexpectedly in the 19th year of the policy, and providing you have kept up with the premiums and not allowed the policy to lapse, then the person (s) you have named as a beneficiary will receive a non-taxable lump sum payment of $ 500,000 dollars.

While life insurance policies in this category are called final expense or burial insurance, we provide these no medical exam polices as traditional life insurance policies where the named beneficiary could use the proceeds for any purpose.

Seen as temporary insurance, premiums are paid for a set period of time that provide death benefits to a named beneficiary should something happen to you during the term of the policy.

By purchasing a life insurance policy with the name of a charity as the beneficiary, individuals can provide tax free proceeds to a cause that they care about.

In some cases the funeral home is the named beneficiary, which provides the benefit directly to the funeral home in order to cover the funeral or cremation costs.

Naming the charity that you choose since the beneficiary you will ever have insurance policy could be the simplest solution to provide a charity with the death benefit proceeds from an insurance plan, though it will not provide the income tax advantages that are included with gifting an insurance policy.

Be sure to provide your beneficiary with your life insurance policy details, such as policy number, insurance agent's name, company phone number and email address.

For instance, if your term life insurance policy covers a period of 30 years and offers a $ 500,000 coverage amount, and you pass away within that 30 year period, the insurance company that provides your coverage will have to pay whoever the beneficiaries you have named the $ 500,000 that your policy covers.