Sentences with phrase «then beneficiaries»

In an endowment plan, if a policyholder dies during policy term then beneficiaries will get the benefits in the form of sum assured or bonuses.

And let's suppose you outlive your doctors projections and make it past 2 - years: then your beneficiaries will get the whole death benefit.

It is stated in the provision that if the insured person is covered with life insurance and dies because of suicide within two years from the policy issue date, then beneficiaries can not collect any death benefit.

In case of death of insured due to an accident then beneficiaries are entitled to a higher compensation.

If you pass away while the policy is active, then your beneficiaries get the amount for which you're insured.

In some cases, if the insured person dies within 2 - 3 years of purchasing the policy, then the beneficiaries only get refunded the premiums paid up to that point.

If the person who is insured passes away during the time that their policy covers, then their beneficiaries receive a death benefit (monetary sum).

So if you have a $ 500,000 policy, and 50 % of it is given to you due to a critical illness, then your beneficiaries will only receive $ 250,000 when you pass.

But if you have the Accidental Death rider and you die due to an accident, then your beneficiaries may get an extra portion on top of the $ 500,000.

For example, if you borrowed against your policy with a face value of $ 200,000 for an emergency expense and the loan and interest total is $ 40,000 when you die, then the beneficiaries of your policy would receive $ 160,000.

It's simple; if you die within the term you chose when you bought the policy, then your beneficiaries receive the payout.

This simply means that if this was your policy and you were to meet an untimely end then your beneficiaries would receive $ 800,000.

If the insured commits suicide within the first year of plan inception, then his beneficiaries shall be settled by paying them 80 % of the premiums paid till date.

So if you have a twenty year term policy of $ 500,000 for $ 900 per year and you pass away then your beneficiaries receive $ 900,000.

He explains that most policies contain a provision that if a suicide, medically assisted or otherwise, occurs within two years of purchasing the policy then beneficiaries won't receive anything from the insurance.

If you buy a term life insurance plan and die during the policy term, then your beneficiary will be paid your benefit payment.

If, however, the representative does not file a case within six months of the date of death, then any beneficiary may file a claim.

If the person who was killed in the accident was a homemaker then the beneficiary may collect the fair value of the homemakers service.

Many years ago, life insurance policies were fairly basic in that an individual would pay his or her life insurance policy premium, and then their beneficiary would have the benefit of knowing that they would receive the... Continue Reading

If you have chosen this form of life insurance that includes the waiting period, then the beneficiary will only receive the premium payments you have made with interest.

If, however, death is due to suicide, then the beneficiary will only receive the amount of the premiums paid in, plus interest (in most states).

And if you've had the bad luck to die during this period and the above happens, then your beneficiary could end up not receiving any benefit payment at all.

Then your beneficiary collects the proceeds, called the «death benefit.»

If the person insured dies during the term, then the beneficiary listed will receive the death benefit.

If, god forbid, something happens to you while your policy is in force, then your beneficiary receives the face value of the policy.

If you buy a term life insurance plan and die during the policy term, then your beneficiary will be paid your benefit payment.

If the insured dies (even if it's due to old age), then the beneficiary gets the face amount upon insured's death and the policy terminates?

It states in layman terms, if you pass away as defined the terms in the policy then your beneficiary will receive the full face amount of the policy.

If, however, the senior insured dies after owning the policy for longer than two years, and then the beneficiary would be able to receive the full amount of the death benefit that is stated in the policy.

In case of insured's death, then the beneficiary will receive 20 times the monthly income chosen at time of inception as lump sum.

If the insured is alive at the end of your term period, then the beneficiary does not receive the payout of the death benefit.

If you purchased a rider on your policy that gives the beneficiary both the cash value and face value, then the beneficiary would receive both.

Your beneficiaries do not pay income tax on the death benefit, so if your life insurance death benefit is $ 100,000 then your beneficiary will receive $ 100,000 and not owe taxes on it.

However, if the policy ends before his death, then the beneficiary receives nothing.

If you die the day the policy goes in force then your beneficiary would receive 100 % full death benefit payout.

Not exact matches

One client, he recalled, left jumbo certificates of deposit to each of his four sons but then forgot and spent down one of the CDs, leaving that beneficiary out in the cold.

«They'll indicate in their will that they want their assets divided equally among their three children, but then they go and name one child as the beneficiary to their IRA account and another to their house or a joint bank account.

If these loans don't get paid back then banks could start going bust, while local governments, some of which have been a beneficiary of these loans, and other companies could find themselves underwater, too.

If your hope is to have some money left over for your children or beneficiaries to inherit, then you'll want to pay attention to your trusts.

And if you want to gift a larger amount, you can contribute up to $ 75,000 ($ 150,000 if married filing jointly) per beneficiary and then treat it as though you contributed that amount over a 5 - year period.

For example, if the original account owner purchased an annuity for $ 100,000 and then passed away when the value was worth $ 150,000, the gain of $ 50,000 is taxed as ordinary income to the beneficiary.

Some understand the beneficiary of directors» and officers» fiduciary duties to be the shareholders of the corporation; if this is right, then the corporation should be managed in the shareholders» interests.

Once you reach your normal retirement age (currently 66 for new beneficiaries), you can collect half of your spouse's benefit — whether or not you continue to work — and then claim your own larger benefit later.

Your RMDs from your IRA or plan will cease after your death, but your designated beneficiary (or beneficiaries) will then typically be required to take minimum required distributions from the account.

Your disclaimed inheritance would then be passed on to the next eligible beneficiaries.

Your disclaimed inheritance would then be passed on directly to the next eligible beneficiaries.

Any required minimum distributions would then be based on the other beneficiary's age, rather than your own.

The market «prices in» the tax - deductible feature on municipal coupon payments, so when you aren't a beneficiary of said tax treatment, then I (at least) believe it makes more sense to get tax - free income on higher yield corporate debt (of the same credit profile).

It is also because if stock markets have made long - term peaks then the commodities markets are likely to be among the main beneficiaries of future monetary inflation.

But much of the research conducted thus far suggests otherwise; the Center on Budget and Policy Priorities, for instance, recently concluded that workers would receive a maximum of only a quarter of the benefits from tax cuts; and even then, it is most likely to be the higher earners that would be the biggest beneficiaries.