Sentences with phrase «replacement for your beneficiaries»
The income option is beneficial for individuals who are seeking income replacement for beneficiaries, who wish for their beneficiaries to be more responsible financially, if your beneficiary has special needs or if you want to provide a long - term benefit to a charitable organization.
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When a beneficiary's grievances become so serious as to call for an estate trustee's removal and replacement, the matter may require judicial intervention and may need to be litigated.
Term life insurance is income replacement: your beneficiaries need it because they're used to your income coming to pay for things, and when you're dead, it's harder to get paid.
If you are not concerned about income replacement for a spouse, then the policy amount may come without any obligation to your beneficiaries.
The beneficiary of these policies should be the business itself and the benefit should cover the cost of finding a suitable replacement for the loss of an exceptional business partner.
Life insurance is a way of providing income replacement for financial dependents (the beneficiaries) after the insured dies.
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A wealth replacement trust is a two - trust estate plan that allows you to reduce your tax obligations through charitable causes, while leaving an inheritance behind for your beneficiaries.