Sentences with phrase «receive life insurance money»

You pay a monthly premium and in the event that you were to die your beneficiary (the person you designate to receive the life insurance money) receives payment of the face value of your policy.

Note on minor children: They can not receive life insurance money directly.

Note on minor children: They can not receive life insurance money directly.

Not exact matches

A life insurance policy's cash value is essentially the amount of money you would receive if you decided to give up the policy to the insurer, or surrender your coverage.

The premise behind an immediate annuity is simple: You invest a lump sum of money with an insurance company (although you would actually do so through an adviser, a broker or insurance agent) and in return you receive a guaranteed monthly payment for life regardless of how the financial markets perform.

One of the key differences to understand is that while you can purchase much more term life insurance than permanent insurance for your money, if you don't die during the term, your favorite charity won't receive any death benefit.

Unless the amount of money you receive in dividends exceeds the amount you've paid in premiums, life insurance dividend payments are not taxable.

A life insurance policy's cash value is essentially the amount of money you would receive if you decided to give up the policy to the insurer, or surrender your coverage.

For example, then, if you died from a heart attack or other medical issue, your family would receive little money in life insurance proceeds.

A) Both policyowners would need to pay extremely high premiums to make up for the money the life insurance company would lose in death benefit payouts, or B) the life insurance company would go bankrupt with both policyowners paying such low premiums and then no families would receive death benefits.

If you have these concerns, you may have considered buying life insurance - which guarantees that certain people of your choice (your beneficiaries) will receive money if you die.

If after someone dies, you receive life insurance as the beneficiary, is the estate entitled to any of that money?

She's now trying to decide on a future investment strategy, both for the RRSP as well as the life insurance money she will soon receive.

Imagine receiving all your money - back that you have paid for your Life Insurance premiums over the years.

Surrender value is the amount that a person will receive from the insurance company if s / he decides to terminate a life insurance policy (with an investment component such as money back, endowment or ULIP) before its maturity date.

Like traditional life insurance, the death benefit of a second - to - die policy can ensure your beneficiaries receive a minimum amount of money, even if savings and other retirement income is spent during the lives of you and your spouse.

Net income is the amount of money you receive after taxes and other deductions (health and life insurance, 401k contributions, etc.).

Below, we explain how to make a life insurance claim and explore the ways in which you can receive the money once you do.

What was great about NCCC is that it allowed me to work part - time, learn about many different types of non-profit jobs, receive a living stipend, paid room and board, paid food and health insurance expenses, money toward my student loans, and they even paid the loan interest that accrued while I was employed by them.

Secondly, if your beneficiary is not disciplined financially, receiving a large amount as lump sum payment being the proceeds from your life insurance policy may encourage him to spend the whole money carelessly.

With money we received from our father's life insurance, we were able to pay for our first year of college with only the aid of one loan each valued at about $ 2,500.

From This is Your Life Insurance Co.'s, our annuity issuer, point of view those living longer and receiving more money will be offset by those living shorter lives and receiving less.

If they do go ahead with a reverse mortgage and assuming she only use's the money she receives to pay off the original mortgage (she's very stable on her living expenses and between my father and I the insurance and taxes will be taken care of) would I be looking at a 208,000 loan when this is all said and done or something much higher?»

Unlike other forms of term life insurance, however, return of premium offers opportunity to receive your money back at the end of the term.

Life Insurance Benefit: In case of the unfortunate event of death of the life insured, the nominee will receive Higher of (110 % of Sum Assured for Money Back option and 125 % of Sum Assured for Endowment option) or 11 times the base annualized Premium to support your child in a time of nLife Insurance Benefit: In case of the unfortunate event of death of the life insured, the nominee will receive Higher of (110 % of Sum Assured for Money Back option and 125 % of Sum Assured for Endowment option) or 11 times the base annualized Premium to support your child in a time of nlife insured, the nominee will receive Higher of (110 % of Sum Assured for Money Back option and 125 % of Sum Assured for Endowment option) or 11 times the base annualized Premium to support your child in a time of need.

That may not sound like a lot of time, but it's plenty of time to reconsider your decision to continue receiving benefits if you've landed a new job, or collected a decent sum of money through an inheritance or life insurance policy.

Term life insurance is purchased for a defined period; if you die within that period, your family will receive the money from your life insurance policy.

Final expense whole life insurance policies also typically have a cash value component, which is basically the amount of money you would receive back if you gave up the policy to the insurer.

Of course, designating a charity as the beneficiary of a life insurance policy means it will take time before the organization receives any money.

Under certain circumstances, you can receive life insurance death benefits early through an accelerated death benefit rider to get access to money early so your family doesn't have to struggle through your final years.

You also receive discounts on special publications: The Simple Financial Life: How to get what you want without debt or living paycheck to paycheck The Insider's Guide to Buying Discount Financial Services Buy Direct Save $ 3,000 Every Year Wealth Without Wall Street: Buy Direct - Avoid Commissions, Fees, Loads Drop Your Insurance: Buy Only What You Need - Save $ 3,000 Every Year Wealth Building for People Without Extra Money or Time: The Insider's Guides to Financial Services.

For the life insurance component, you won't be able to withdraw any money for a specified term, but you can choose to have your beneficiaries receive benefits for a fixed term, such as ten years.

If you don't end up needing money for long - term care, your loved ones can still receive a payout from your life insurance policy when you die.

If you want to access the cash accumulation — and, more importantly, don't want life insurance anymore — you can surrender your insurance policy and receive money equal to the cash surrender value.

During that time, if you pass away your family or other beneficiaries will receive a sum of money from the life insurance company.

Negotiating with insurance companies to ensure victims and families receive the money they need for medical bills, lost income, long - term care at home or in an assisted living facility, pain and suffering, rehabilitation costs and funeral expenses;

As examples, an heir is given money in a will by someone who has died; a person who is named to receive the moneys from a life insurance policy.

If you have these concerns, you may have considered buying life insurance - which guarantees that certain people of your choice (your beneficiaries) will receive money if you die.

If it has been less than three years since you purchased your life insurance policy and not paid your premiums, you may not receive any money back from the life insurance company.

For example, money invested in CD's would be treated different than money received from life insurance proceeds, even if it was the same amount, strictly because of taxation.

The children will receive any unspent life insurance money when they reach the legal age of adulthood.

Because most SBA loans won't allow the borrower to receive their money until there is life insurance in place, this is a perfect example of where no medical exam life insurance cover is a perfect choice as once it is in place it will ensure that you receive the funds.

The beneficiary can also be an organization or a charity that would receive the money from your life insurance policy when you die.

However, with the life insurance policy, your family will receive much more money in benefits after your death, whereas the burial insurance will only give you the decided amount top cover your funeral costs.

In most cases, the beneficiary of the life insurance plan is going to receive the payout in a lump - sum, which means that they are going to get all of that money at one time.

Typically designed so that the surviving business partner would have the money to purchase the company interests, life insurance for businesses can also be structured as «key person insurance,» where if a key employee dies the business owner will receive a benefit to help offset the financial impact of losing the key employee.

Under the increasing income protection option from Future Generali Life Insurance, the nominees receive an increased sum of money over a period to guard against any rise in costs.

The policy has a lock - in period of 5 years, though Future Generali Life Insurance policyholders can receive their money back before the end of five years after the discontinuance charges have been deducted from fund value.

An endowment life insurance plan is a kind of insurance policy where the premium is paid for the entire duration of the policy and when it matures, the policyholder receives a lump sum amount of money.

An important topic taught through our insurance license school is understanding what happens to a life insurance policy once an insured dies and what laws govern who receives the death benefit monies provided by the life policy.