Sentences with phrase «still name beneficiaries»

You'll receive an income from the annuity, and you can still name beneficiaries to receive the money after you die.

You can still name a beneficiary not resident in Canada, but the benefit payment may be subject to the tax laws of that jurisdiction.

By law, they have to pay Jane C. because she is still the named beneficiary unless John remembered to change it to his new wife!

Not exact matches

We don't recommend naming your kids as a beneficiaries if they're still minors.

Although the contingent beneficiary is named in the life insurance policy, he or she won't receive a portion of the death benefit if any of the primary beneficiaries are still alive.

But is that name you wrote down years ago still the person you want as a beneficiary?

With a term life insurance policy, your named beneficiaries receive a payment if your policy is still in force when you die.

If the estate is the beneficiary on an RRSP and then you are named the beneficiary in the will you can still use this advantage, however, the tax will be due and you will have to apply for a refund of the taxes with the CRA which will be a much longer process.

If the annuitant dies while he or she is still receiving income payments from the SPIA annuity, and provided that these payments are a non-life only option, a named beneficiary (or beneficiaries) will have a few options.

Privacy is still important even after death, so you might not think you would have the right to inquire about a death benefit if you are not the immediate family member, however there are circumstances where even if you are not the next of kin you may have the right to information; For example, if you are the beneficiary named on the policy.

Although the contingent beneficiary is named in the life insurance policy, he or she won't receive a portion of the death benefit if any of the primary beneficiaries are still alive.

They also allow the trust to provide support to the named guardian while still allowing the beneficiary to qualify for public, needs - based benefit programs (Medicaid and Supplemental Security Income).

Life insurance is typically pretty straightforward: you pay for a policy, and if you die while that policy is still in force, the death benefit goes to your named beneficiary.

By purchasing life insurance, you gain the assurance that your insurer will pay a death benefit to your named beneficiaries upon your death (as long as your policy is still in force at that time).

With a term life insurance policy, your named beneficiaries receive a payment if your policy is still in force when you die.

However, there are additional considerations if you plan to name a child or grandchild as a Beneficiary, and if the child is still a minor (younger than age 18) at the time that Gerber Life receives the insurance claim.

Cases where the policy holder is still alive and fully equipped to handle business transactions but the agent listed in the Power of Attorney wishes to change the name of the beneficiary

Whatever you use reduces the balance in your life insurance plan, but if there is something leftover when you pass, that amount is still paid to your named beneficiary,» Roger says.

This is why it's so important for policy owners to regularly review their life insurance decisions to make sure the named beneficiaries still are the people who should collect the money — especially if you've experienced major life changes.

So, as you can see, if none of the people you named as beneficiaries are still alive when it's time to collect the life insurance payout, the death benefit just gets passed down from estate to estate.

You will still choose a beneficiary but your lender will be named the collateral assignee.

Can I still name her as my beneficiary?