Sentences with phrase «time of the insured»

A contingent beneficiary is entitled to insurance proceeds or retirement assets only if predetermined conditions are met at the time of the insured's death (as can be found in a will).

Paying back these loans is optional; however, any portion of the loan that is not repaid at the time of the insured's death will decrease the amount of death benefit proceeds that are paid out to the beneficiary.

A beneficiary is a person who receives insurance benefits at the time of the insured person's death.

It is, however, important to note that if there is an unpaid balance at the time of the insured's death, the unpaid amount will be charged to the death benefit amount that is paid out to the named policy beneficiary.

Family income rider income is paid out in addition to the death benefit, which beneficiaries receive at the time of the insured's death.

It is important to note, however, that even though a withdrawal or a loan is not required to be paid back, if there is an unpaid balance in the cash - value component of the policy at the time of the insured's death, then the amount of that balance will be charged against the death benefit that is paid out to the policy's beneficiary.

Contingent Beneficiary An individual or entity that is entitled to receive the proceeds of a life insurance policy if the primary beneficiary is not living at the time of the insured's death.

(It is important to note, though, that any unpaid loan balance at the time of the insured's death will go against the amount of the death benefit that is paid out to the policy's beneficiary).

When speaking about life insurance, insurable interest must exist at the time of application, but is not required to still exist at the time of an insured's death.

Example 3: Paid to the children of the marriage of the Insured and Dee End, natural and adopted, living at the time of the Insured's death, equally and to the survivors among them.

Paying back these loans is optional; however, any portion of the loan that is not repaid at the time of the insured's death will decrease the amount of death benefit proceeds that are paid out to the beneficiary.

It is important to note here, though, that any un-repaid balance in the cash value that remains at the time of the insured's death will be charged against the amount of the death benefit that is paid out to the policy's beneficiary.

With the graded plan, the death benefit will not all be paid out at the time of the insured's passing, if they have only owned the policy for a short time.

However, any portion of the loan that is not repaid at the time of the insured's death will decrease the amount of death benefit that the policy's beneficiary receives.

However, it is important to note that any unpaid loan balance at the time of the insured's passing will be charged against some death benefit proceeds that are paid out to the beneficiary.

This will keep the policy in force, and allow the remaining 50 percent of the death benefit to be paid to the policy's named beneficiary at the time of the insured's death.

(It is important to note that, if a policy loan is not repaid at the time of the insured's death, the amount of the unpaid balance will be taken out of the death benefit that is paid to the named beneficiary).

However, it is important to note that if there is an unpaid balance in the cash component at the time of the insured's passing, then the amount of this balance will be charged against the amount of the death benefit that is paid out to the named beneficiary.

While is it not required that these funds are paid back, it's important to note any un-repaid balance in this account will count against the amount of the death benefit that is paid out to the named beneficiary at the time of the insured's death.

Any amount of an unpaid cash value balance, however, will be charged against the death benefit that is paid out to the policy's beneficiary at the time of the insured's death.

However, if there is an unpaid balance in the policy's cash value component at the time of the insured's death, then this amount will be subtracted from the amount of the death benefit that is paid out to the beneficiary at that time.

In case no primary beneficiary is alive at the time of the insured's death, it is wise that the owner name another line of beneficiaries, known as secondary beneficiaries.

In addition, an «In Force» life insurance policy ends coverage at the time of the insured person's death.

A cash value policy payable to the policyholder on the maturity date, if living, or to a beneficiary at the time of the insured's death.

It is, however, important to note that if there is an unpaid balance at the time of the insured's death, the amount that is not repaid will be charged against the death benefit proceeds that are paid out to the beneficiary (or beneficiaries).

This rider comes at no additional cost, and must be in effect at the time of the insured's death.

Life insurance is a safeguard against financial deficiency at the time of insured Individual's death.

Life insurance should be paid to someone if the policy was paid at the time of the insured's death.

If life insurance death benefits are paid to you in a lump sum or other than at regular intervals, include the life insurance death benefits in your gross income on your tax return only to the extent the life insurance death benefits are more than the amount payable to you at the time of the insured person's death.

A cash value policy payable to the policyholder on the maturity date — if they are living — or to a beneficiary at the time of the insured's death.

Not exact matches

To be eligible, first - time buyers must be pre-approved for an insured high - ratio mortgage for at least 80 per cent of the home's purchase price.

[80 percent] of the time, businesses taking off neglect to properly insure and protect themselves in order to keep the business running,» says Sam Meenasian, partner at Business Insurance USA.

These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain growth in revenues for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures in European countries that may increase the amount of discount required on Gilead's products; an increase in discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and government payers; a larger than anticipated shift in payer mix to more highly discounted payer segments and geographic regions and decreases in treatment duration; availability of funding for state AIDS Drug Assistance Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).

A federal agency that insured more than half of all loans for first - time homebuyers last year may soon look to taxpayers to shore up its dwindling finances.

To qualify for the program, applicants must be first - time property buyers, citizens or permanent residents of BC, and be able to obtain a high - ratio insured mortgage.

Your agent will likely form a professional relationship with you - giving you one easy point of contact and insuring you are covered from the moment you get your policy to the time you file a claim.

Of course, with all response plans, a cybersecurity incident response plan should be tested to insure thoroughness and reviewed periodically as company requirements are likely to change over time.

With an FHA - insured loan, first - time home buyer down payments can be as low as 3.5 % of the purchase price or appraised value (whichever is less).

Term life insurance provides affordable coverage for a defined period of years, with its primary purpose to replace income or help pay off outstanding debts if the insured dies during that time.

The VA usually requires a two - year waiting period following a Chapter 7 bankruptcy or foreclosure before it will insure a loan, and borrowers in Chapter 13 must have made at least 12 on - time payments and secure the approval of the bankruptcy court.

For a small fee BullionVault will bury your gold or silver safely inside one of the world's most secure storage facilities, fully insured and ready for you to sell at any time of day or night.

I fully understand that they do not have a lot of time and Rachel Notley is not one to be micromanaging people, but they have to create a process that will insure that whatever comes out is as close as possible to what they represent as a government.

Citicorp at the time was the parent of the FDIC - insured Citibank while Travelers Group owned insurance companies, investment bank Salomon Brothers and the large retail brokerage firm, Smith Barney.

Further, you will need to purchase and maintain in effect at all times during the term of the Franchise Agreement a policy or policies of insurance, naming us and our affiliates as additional insureds on the face of each policy.

All shipments are insured for their full transactional value (shipping and insurance is included in the price if you selected delivery at the time of purchase).

How like the subtle Demiurge to have planted them in the Amazonian rain forest, knowing that when in due time they were found they might, thanks to the naivete of the eaters, contribute to the prevailing complexity and confusion in the world, and thus insure the continuing force of that initial unspeakable happening.

Primordial intentionality allows objective immanence while at the same time insuring the spontaneity and freedom of individual subjects in a Lebenswelt.

If by law or regulation stations could be required to provide time regularly to members of Congress, on the basis that it is the right of all citizens to have an opportunity to see and hear their chosen representatives, and if a similar requirement were to insure free access to all congressional candidates during elections — only then can the knot be severed.

It is time for the preaching of a new evangelism — the evangelism of the voluntary liquidation of the competitive system in order that there may be a planned economy which shall insure to every person in the nation an adequate supply of the goods of life.

But, as the FCC became increasingly lax in its congressional mandate to insure that «non-profit organizations obtain the maximum service possible,» individual evangelists discovered the power of broadcasting, and television in particular, and they began to purchase the better quality time which broadcasters were reluctant to provide churches as a public service.