Sentences with phrase «upon the death of the owner»

The beneficiary receives the death benefit or any remaining annuity payments upon the death of the owner.

They are usually touted as an alternative to annuities, which immediately become taxable upon the death of the owner.

Contact the NYL Annuity Service Center upon the death of an owner or annuitant.

With regard to the required payout of a deferred annuity at death, all deferred annuity contracts issued since January 18, 1985 must pay out the contract value upon the death of the owner [IRC Sect. 72 (s)-RSB-.

I recommend that you discuss with the bank or credit union the procedure for a beneficiary withdrawing from the CD upon death of the owner.

complex succession problems - that is, who inherits these land titles upon the death of the owner - in relation to both freehold and leasehold interests;

Promised freedom upon the death of their owner, she and her sister, Ruth, in a cruel twist of fate become the property of a malicious New York City couple, the Locktons, who have no sympathy for the American Revolution and even less for Ruth and Isabel.

Death Benefit Rider Upon the death of the Owner, the death benefit will be equal to the account value after the MVA.

This type of trust often will become irrevocable upon the death of the owners.

COLI was originally purchased on the lives of key employees and executives by a company to hedge against the financial cost of losing key employees to unexpected death, the risk of recruiting and training replacements of necessary or highly trained personnel, or to fund corporate obligations to redeem stock upon the death of an owner.

Sole proprietorship's, partnerships, and closed corporations buy life insurance to fund buy - sell agreements upon the death of an owner, partner or shareholder.

Designation of ownership of property which provides for a direct transfer to the named person upon the death of the owner.

Contact the NYL Annuity Service Center upon the death of an owner or annuitant.

Most brokered CDs have a «death put» (survivor option), which allows the heirs to sell the CD at face value upon death of the owner.

Nancy, each institution has its own procedures, but if you designate your children as beneficiaries with a Payable on Death (POD) registration, there should be a straightforward process for each beneficiary to withdraw their share of the CD upon death of the owner.

complex succession problems — that is, who inherits these land titles upon the death of the owner — in relation to both freehold and leasehold interests;

Upon the death of the owner, the beneficiary may be liable for any taxes on the death benefit.

Upon the death of the owner, the beneficiary may be liable for any taxes on the death benefit.

Additionally, there are organizations known as Life Care Centers that will provide care for an animal when an owner dies, in exchange for a monetary gift made during the life or upon the death of the owner.

Upon the death of the owner, the beneficiary may be liable for any taxes on the death benefit.