To fulfill the IRC definition of life insurance, life insurance contracts must provide for a sufficient «amount at risk» — the pure death benefit protection that a beneficiary would
receive upon the death of the insured.
One thing in common present in their policies is the opportunity that they afford the policyholders to either accumulate cash, and / or the provision for a death benefit that the family of the policy can
receive upon death of the policyholder.
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.
Like any beneficiary, the charity will
receive the proceeds
of your policy
upon your
death.
The resurrection
of Christ is a way
of affirming that God has
received into his own life all that the historical event, designated when we say «Jesus Christ», has included: — his human existence as teacher and prophet, as crucified man
upon his cross, in continuing relationship
of others with him after that
death, and also what has happened as a consequence
of his presence and activity in the world.
If the fashion in which the basic New Testament proclamation has been interpreted in the preceding chapter has validity, then talk
of the resurrection
of Christ is a way
of affirming that God has
received into his own life all that the historical event, designated when we say «Jesus Christ», has included: his human existence as teacher and prophet, as crucified man
upon his cross, in continuing relationship
of others with him after that
death, and along with this what has happened in consequence
of his presence and activity in the world.
Theologically speaking, this saving event proclaimed by the kerygma shows itself to be eschatological precisely by recurring in the proclamation
of the kerygma itself: the act
of proclaiming Jesus»
death and resurrection becomes God's act calling
upon me to accept my
death and
receive resurrected life.»
On Ash Wednesday, as the people come up to
receive the ashes, they hear the words: «Polvo eres The ashes
of the beginning
of Lent are a curious and mysterious religious expression
of the Mexican tradition which finds its full socio - religious meaning when coupled with the Holy Water which is blessed during the Easter Vigil — when, through God's power, justice triumphed over injustice in the resurrection
of the innocent victim from the
death inflicted
upon him by the unjust «justice»
of this world.
Perhaps nowhere is the Protestant reaction to Marian excess more cogently put than in Philip Melanchthon's «Apology
of the Augsburg Confession»
of 1530: «Some
of us have seen a certain monastic theologian... urge this prayer
upon a dying man, Mother
of grace, protect us from the enemy and
receive us in the hour
of death.»
2:00 am (10th)-- TCM — Kind Hearts and Coronets In one
of the zaniest
of the zany comedies that Alec Guinness was best known for in his early career, he plays eight, count»em, eight characters — all relatives in line to
receive a duke's massive fortune
upon his
death.
Spouses who jointly own property as tenants in common do not automatically
receive full title to the property
upon the
death of the other spouse.
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.
The irrevocable life insurance trust agreement includes the terms
of the trust AND designates certain younger beneficiaries to
receive the trust assets
upon death.
Beneficiary: the beneficiary is the person or entity that
receives the life insurance benefit from the insurer
upon the
death of the insured.
Like any beneficiary, the charity will
receive the proceeds
of your policy
upon your
death.
He worried that he would
receive less than a fair share
of the inheritance
upon Iris's
death.
Beneficiary: A person (s) designated by the policy owner to
receive the proceeds
of an insurance policy
upon the
death of the insured.
Most other assets owned by an individual
receive a step - up in cost basis
upon the
death of the person, eliminating all capital gains on those assets up to that point in time.
In subsequent years, it is based on the age
of the dependant beneficiary who became automatically entitled to
receive the pension
upon the member's
death.
Whether you are the sole breadwinner, one half
of a joint - income couple, or a stay - at - home - parent, a term life insurance
death benefit (the funds that your beneficiaries will
receive upon your passing) can do much more than add a temporary boost to family finances and pay for funeral and burial expenses.
receiving a defined benefit income stream and start
receiving, or expect to
receive, a reversionary defined benefit income stream
upon the
death of another person
Upon the worker's
death, dependent children
receive 75 percent
of the worker's PIA, up to the family maximum, until they outgrow their eligibility.
Beneficiary: The Beneficiary is the designated individual or organization who will
receive the value
of a Registered Plan
upon the
death of the Annuitant.
Remember, if you decide that selling a life insurance policy is a good idea for you, the influx
of cash you will
receive is only a fraction
of the face value
of the policy and the amount that your beneficiaries would
receive upon your
death.
For example, if you have joint ownership with right
of survivorship (JOWROS)
of a bank account (or a home, etc.) with your child, the child would
receive complete ownership
upon your
death.
With each
of these strategies, you
receive the income generated by your gift, and the recipient
receives the principal
upon your
death.
Beneficiary A beneficiary is the person (s) selected by the policy owner to
receive the life insurance payments
upon the
death of the insured.
It was one
of the few times the artist hired a professional model — he could finally afford one after
receiving a generous inheritance
upon his father's
death in 1886.
A large cyclone in 1970 caused 500,000
deaths, but a similar cyclone in the same area in late 2007 (including a tsunami - like 2 - metre - high sea water intrusion) caused only 8000
deaths, though affecting the houses or livelihoods or 8 million people: most
of the more exposed people
received early warning, and took refuge in thousands
of government - built cyclone shelters, chiefly schools and other public buildings, made
of concrete and other hard materials, and built
upon 12 - 15 feet high concrete pillars.
First, Arizona Revised Statute Section 25 - 327 (B) provides that, unless the Decree
of Dissolution
of Marriage or Decree
of Legal Separation indicates otherwise, an award
of spousal maintenance terminates
upon the
death of either party or
upon remarriage
of the spouse
receiving the spousal maintenance.
In Crain v. Crain 1996 CarswellBC 1174, the Supreme Court dealt with the issue by finding that maintenance is a personal right that abates
upon the
death of either the party paying or the party
receiving that maintenance.
By definition, the paid up value
of a life insurance policy is the value an owner
receives from the insurer
upon default or surrender or early termination
of the policy before its maturity or the insured's
death.
In 2001, after
receiving legal advice, Elizabeth executed a title transfer and Declaration
of Trust, effectively providing her home and investments would become Gloria's property «absolutely»
upon her
death, leaving her estate devoid
of any significant assets.
Suspended provisions related to copyright include those extending the copyright term to 70 years after the author's
death, providing criminal procedures and penalties related to circumvention
of effective technological protection measures, and provisions requiring internet service providers to take down materials
upon receiving a notice
of alleged infringement.
This benefit allows the owner to
receive payment
of a portion
of the
death benefits under the policy
upon terminal illness
of the insured.
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.
Upon the
death of the insured, the beneficiary will
receive the proceeds
of the life insurance taxfree.
His beneficiaries
receive the remaining
death benefit
of $ 7,500
upon his
death.1, 2
A policy owner
receives a cash payment, while the purchaser
of the policy assumes all future premium payments and
receives the
death benefit
upon the
death of the insured.
Beneficiary The individual or entity designated to
receive a life insurance or annuity
death benefit
upon the
death of the insured or the annuitant.
This benefit allows the owner to
receive payment
of a portion
of the
death benefits under the policy
upon chronic illness
of the insured.
The buyer pays all future premiums and
receives the
death benefit
upon the
death of the insured.
Upon the
death of the insured, the designated beneficiaries
receive the
death benefit less the amount paid out under the long - term care rider.
If it is discovered after you die that you weren't completely honest, the carrier can dispute part or all
of the benefit your beneficiaries were to
receive upon your
death.
At the same time, it gives coverage for the insured party's family, which means that beneficiaries will
receive proceeds from the insurance claim
upon death of the policy holder.
Remember, if you decide that selling a life insurance policy is a good idea for you, the influx
of cash you will
receive is only a fraction
of the face value
of the policy and the amount that your beneficiaries would
receive upon your
death.
If it is discovered after you die that you lied, the carrier can dispute part or all
of the benefit your beneficiaries were to
receive upon your
death.
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.
Your beneficiaries
receive the face amount
of the policy
upon your
death.