Sentences with phrase «received upon death of»

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.

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.

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.