Sentences with phrase «to receive upon one's death»

Additionally, the proceeds received upon death of the policy holder or upon maturity are tax free under Section 10 (D).

Premiums are level and the death benefit (the amount your beneficiaries receive upon your death) is guaranteed as long as you continue to pay the premiums.

Unlike a term life insurance policy where the benefit is only received upon death or terminal illness, Flagship Whole Life offers tax - deferred, cash - value growth that you can borrow against or cash out.

Your beneficiaries will receive it upon your death so that they won't be burdened by any financial obligations or expenses and will have sufficient income to live comfortably.

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.

Premiums are level and the death benefit (the amount your beneficiaries receive upon your death) is guaranteed as long as you continue to pay the premiums.

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 some of these policies, you could end up paying more in premiums than your beneficiaries will receive upon your death.

Your surviving family members will have complete control over the mortgage protection funds that they receive upon your death!

The special feature of Decreasing Term Insurance, as the name implies, is that the sum of money the legitimate beneficiaries will receive upon the death of the insured decreases over the policy period.

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.

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.

If it is discovered during the claims process that you lied, the insurance company can dispute all (or part of) the benefit your beneficiaries would receive upon your death.

Understand what your beneficiaries will receive upon your death.

An increasing term assurance policy may provide the flexibility to increase the «sum assured» (the cash amount that you receive upon your death) by 5 - 10 per cent each year to reflect the rate of inflation.

If it is discovered after you die that you misrepresented yourself, the carrier can dispute part or all of the benefit your beneficiaries were to receive upon your death.

If you decide on buying a term life policy you will have to choose the benefit amount that you would like your beneficiaries to receive upon your death.

Face Value This refers to the death benefit the beneficiaries will receive upon the death of the policy holder.

Face value is the amount of insurance you have bought and that your beneficiaries will receive upon your death.

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.

If you were to continue paying the premium on your Life Insurance Policy, the amount of money your heirs could receive upon your death would always be higher than the immediate amount you would receive in a Life Settlement.

Forfeiting a Larger Sum That Could Be Left to Heirs: The most obvious disadvantage of a Life Settlement is that you are giving up the future insurance proceeds that your heirs might receive upon your death.

The balance is held for your beneficiaries to receive upon your death.