Sentences with phrase «receive it upon your death so»

Not exact matches

However, these days only a handful of insurers offer LTC insurance, so another option may be life insurance with an LTC rider, which allows families to tap into the benefits they would receive upon the policyholder's death while he or she is alive and requires care.

So, there are different titling strategies depending upon whether the co-owners heirs or the other co-owner are intended to receive the real property upon a co-owner's death as an automatic transfer upon death.

Also, your premiums may be higher if you choose to purchase more coverage so that your death beneficiaries will receive more funds upon you death.

Upon your death, this feature allows you to set up your policy so that your family or beneficiary will receive monthly payments, rather than a lump sum.

«Martin decided to take a lower monthly payout on his pension so upon his passing his wife would receive a monthly death benefit to keep her income stream intact.»

In doing so, the owner of a life insurance policy is required to name a beneficiary — or beneficiaries — who will receive the insurance policy proceeds upon the individual's death.

You can also select beneficiary options so you can determine who will receive funds upon your death.

So if you own a policy and have the paid up addition option applied your family will receive considerably more than you intended upon your death.