Sentences with phrase «upon the face value»

In this case, you may have requested a loan based upon the face value of the policy rather than the accumulating cash value.

Once you have decided upon a face value for your policy, you can be certain that this is the amount given to your life insurance beneficiary when you pass.

'' (2) When a tax certificate is redeemed and the interest earned on the tax certificate is less than 5 percent of the face amount of the certificate, a mandatory minimum interest of an absolute 5 percent shall be levied upon the face value of the tax certificate.

Not exact matches

Also called the face value of the policy, this refers to the payout the beneficiaries will receive upon your passing.

In upholding beauty, we prepare the way of a renaissance when civilization will center its reflexion, far from the explicit principles and degraded values of history, on this living virtue upon which is founded the common dignity of the world and man, and which we have to define now in the face of a world that insults it.

It says a great deal about the depths to which America's values have fallen that Tim Tebow — who, once upon a time, would have been the wholesome, women - and - mom - respecting, clean - playing, fresh - faced and faithful Hollywood ideal of a football hero» is the target of such deep derision from so many sources, and in an era of such vaunted «tolerance.»

Upon reaching the target age, the whole life cash value equals the target face amount of the policy.

Because the amount of market discount, two points, is less than the de minimis amount (which in this case is 2.5 points, or 0.25 percent of the face value of a bond times the number of years between the bond's acquisition and its maturity), the market discount is considered to be zero and the difference between purchase price and sales price or redemption is generally treated as a capital gain upon disposition or redemption.

Upon maturity, a zero coupon bondholder receives the face value of the bond.

As for the U.S. financial system - particularly major banks - I am continually perplexed by the juxtaposition of tens of millions of underwater mortgages and millions of delinquent and unforeclosed homes, coupled with a set of FASB accounting rules (revised at the height of the recent crisis) that allows these debts to be carried at face value upon the discretion of the banks that report the data.

Also called the face value of the policy, this refers to the payout the beneficiaries will receive upon your passing.

Bond valuation includes calculating the present value of the bond's future interest payments, also known as its cash flow, and the bond's value upon maturity, also known as its face value or par value.

The face value of a loan refers to the amount of principal that a borrower has to repay the lender, which is also the amount of money that the interest payment calculation is based upon.

I depended upon Morningstar's Josh Peters for the numbers in «Taken at Face Value.»

Zero - coupon bonds are purchased at a substantial discount and pay their face value upon maturity.

Whole life requires the policy owner to pay a fixed monthly premium for the rest of their life, and upon death, the company will payout the face value of the policy (death benefit) to the beneficiary.

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.

Term life coverage means that the face value of your policy will be paid to your beneficiary if you die within the term period and not afterward — unless the term policy is renewed upon its expiration, which almost always means higher premiums.

However, they are sold at a discount to face value with the full face amount being paid upon maturity.

Upon the policyholder's death, usually the insurer pays the face value of the death benefits for whole life insurance policies.

Upon settlement, 100 % of the face value of the check is reimbursed to you automatically.

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.

I know the issues with the windmill placements for example and that as the dollar value goes down, and oil is cheap we face real economic strains upon the transition.

The governments certainly take the IPCC consensus and the results of economic analyses such as Stern review much more on face value here than on the other side of the pond and then base policy upon it.

After considering the relevant considerations — such as the probative value of the evidence, whether it was self - serving, the reliability of the recording, and the prejudice that the applicant would face if it were to be admitted — the judge decided that the recordings could be relied upon during the trial.

Applying these, the court held that on these facts there was a clear and unambiguous (albeit mistaken) notice of termination which the employee was entitled to take at face value and act upon.

Variable Life Insurance - life insurance whose face value and / or duration varies depending upon the value of underlying securities.

The life insurance cash value is the amount of money you are given if you cancel (surrender) the policy before you die, while the face amount (death benefit) is the amount your beneficiaries will be paid upon your death.

Upon death, term life insurance pays face value.

Also, the policy, if you live long enough, will eventually endow — meaning the face value and cash value will be equal, at which point the company will give you a check upon request.

Upon the death of the insured person the Life Insurance beneficiary gets the death benefit equal to the face value of the policy, which is free of income tax.

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.

Variable Life Insurance - A form of life insurance whose face value fluctuates depending upon the value of the dollar, securities or other equity products supporting the policy at the time payment is due.

Since most AD&D payments usually mirror the face value of the original life insurance policy, the beneficiary receives a benefit twice the amount of the life insurance policy's face value upon the accidental death of the insured.

If any loans amounts are outstanding — i.e., not yet paid back — upon the insured's death, the insurer subtracts those amounts from the policy's face value / death benefit and pays the remainder to the policy's beneficiary.

However, the cash value, along with the face value, can increase or decrease the amount payable to the beneficiary upon the insured's death.

Whole Life policies, and one of two options of universal life policies — Option B — pay the cash value in addition to the face value upon death.

The term «face value» in life insurance refers to the death benefit that is paid to beneficiaries upon the death of the insured.

Variable Universal Life (VUL) is a life insurance policy type in which the face value fluctuates depending upon the value of the dollar, securities, or other equity products supporting the policy at the time payment is due.

It used to be that most life insurance policies were left in force in order that the intended beneficiaries could receive the face value of the insurance policy upon the death of the insured.

This means your life insurance plan's face value goes to the morgue home upon your death, and anything left over will go to your beneficiaries.

The companies provide early payouts to the policyholder, assume the premium payments, and collect the face value of the policy upon the policyholder's death.

A withdrawal will reduce your cash value and surrender value by the amount of gross withdrawal, and will also reduce the face amount of the contract (the amount paid to beneficiaries upon the insureds death) by the amount of the withdrawal as well.

On the variable basis, face amount and cash value are specified in units, and the value of the units may increase or decrease depending upon the investment results.

You simply pay your monthly premiums and, upon your death, the full face value amount of your policy is contributed to that organization as a charitable gift.

on life insurance policies release a sizable chunk of the policy's death benefit to the policyholder while he / she is still alive, allowing the usage of the death benefit funds on valid diagnosis of one of the critical or terminal illnesses stated in the policy.These riders» critical / terminal illness payout is tax - exempt, and beneficiaries also receive the left over face value, untaxed, upon the policyholder's passing.

These riders» critical / terminal illness payout is tax - exempt, and beneficiaries also receive the left over face value, untaxed, upon the policyholder's passing.

Face amount is the value of the policy to your beneficiaries or the amount that it will be worth upon your death (i.e. face amount is also known as the death benefFace amount is the value of the policy to your beneficiaries or the amount that it will be worth upon your death (i.e. face amount is also known as the death benefface amount is also known as the death benefit).

Upon the death of the primary insured, term life insurance pays the face value of the policy to the named beneficiary.

Your «cash value» is held in a savings account that earns interest, separate from your face amount or death benefit, which is paid to your heirs upon your death.