Sentences with phrase «use life insurance benefits»

You can use the life insurance benefits in any way you consider fit for your situation: pay off mortgage, pay off debt, invest, set up an annuity with lifetime monthly payments.

A financial professional may advise one to use life insurance benefits to help pay for estate taxes accumulated upon the death of a loved one.

, but many people will use a life insurance benefit to meet their financial obligations after the loss of the policyholder's income.

Beneficiaries can then use the money for whatever they want, but many people will use a life insurance benefit to meet their financial obligations after the loss of the policyholder's income.

Even if you're single or married without children, you could use a life insurance benefit to help your loved ones pay off your debts such as outstanding student loans and medical bills leftover when you die.

How you plan to use your life insurance benefit will help determine the type of coverage you need.

Beneficiaries can then use the money for whatever they want, but many people will use a life insurance benefit to meet their financial obligations after the loss of the policyholder's income.

When a business partner uses the life insurance benefits to buy out a deceased partner's share of the business in a buy / sell agreement, that's appropriate.

Not exact matches

To «go on claim,» insurance - speak for using the benefit, you must be unable to perform at least two «activities of daily living,» such as bathing, dressing, feeding and toileting, for most policies.

All other compensation generally consists of Google's 401 (k) company match of up to $ 8,750, life insurance premiums paid by Google for the benefit of the named executive officer, personal use of company aircraft, and the market value of a holiday gift given to each employee, net of tax withholding, unless otherwise noted.

No medical exam whole life insurance is typically used as a form of final expense insurance, as coverage is lifelong and death benefits are generally limited to a maximum of $ 25,000 or $ 50,000.

And don't forget the perquisites section, which in GE management case can include life insurance premiums, leased cars, personal use of aircraft, financial and tax planning, and relocation benefits that can be hefty.

Many people use a cash value life insurance policy to save for their retirement and to provide a death benefit to their beneficiaries.

Using life insurance as part of your charitable giving strategy may allow you to accomplish both of the above goals and provide tax benefits to you as well.?

What life insurance can do for you: Your life insurance policy can be used to benefit a nonprofit or charitable cause you care about.

CREATIVE USE OF INSURANCE SOLUTIONS FOR HNW AND UHNW CLIENTS Awarded to: This category is open to private banks, asset managers and others who use insurance solutions, whether private placement life insurance or high death benefit life insurance, for the benefit of their clienUSE OF INSURANCE SOLUTIONS FOR HNW AND UHNW CLIENTS Awarded to: This category is open to private banks, asset managers and others who use insurance solutions, whether private placement life insurance or high death benefit life insurance, for the benefit of theirINSURANCE SOLUTIONS FOR HNW AND UHNW CLIENTS Awarded to: This category is open to private banks, asset managers and others who use insurance solutions, whether private placement life insurance or high death benefit life insurance, for the benefit of their clienuse insurance solutions, whether private placement life insurance or high death benefit life insurance, for the benefit of theirinsurance solutions, whether private placement life insurance or high death benefit life insurance, for the benefit of theirinsurance or high death benefit life insurance, for the benefit of theirinsurance, for the benefit of their clients.

Life insurance may be used to insure key executives, to transfer ownership of a business interest, and to provide employee benefits.

These benefits include but are not limited to the power of the human touch and presence, of being surrounded by supportive people of a family's own choosing, security in birthing in a familiar and comfortable environment of home, feeling less inhibited in expressing unique responses to labor (such as making sounds, moving freely, adopting positions of comfort, being intimate with her partner, nursing a toddler, eating and drinking as needed and desired, expressing or practicing individual cultural, value and faith based rituals that enhance coping)-- all of which can lead to easier labors and births, not having to make a decision about when to go to the hospital during labor (going too early can slow progress and increase use of the cascade of risky interventions, while going too late can be intensely uncomfortable or even lead to a risky unplanned birth en route), being able to choose how and when to include children (who are making their own adjustments and are less challenged by a lengthy absence of their parents and excessive interruptions of family routines), enabling uninterrupted family boding and breastfeeding, huge cost savings for insurance companies and those without insurance, and increasing the likelihood of having a deeply empowering and profoundly positive, life changing pregnancy and birth experience.

In a nutshell, while most whole life insurance is fixated on maximizing the death benefit of a policy and just allowing cash values to grow over time, strategic self banking focuses on maximizing life insurance cash values, so the whole life insurance plan can be used strategically as a savings and personal financing vehicle for the purpose of recapturing your cost of capital incurred when having to deal with third party lenders or using your own cash.

A CHS specializes in an area called «living benefits» which is the term used to described disability, critical illness and long - term care insurance.

As an added benefit, the life insurance death benefit of the new hybrid policy would pay off her mortgage if she passed away, assuming she didn't use the policy for long - term care.

However, life insurance policy beneficiaries can use the death benefit any way they choose.

Final expense insurance is a type of life insurance that is designed to cover funeral costs and other end - of - life expenses, though the death benefit technically can be used for any purpose.

No medical exam whole life insurance is typically used as a form of final expense insurance, as coverage is lifelong and death benefits are generally limited to a maximum of $ 25,000 or $ 50,000.

This is actually a significant benefit as it means the cash value being used as collateral stays inside your life insurance policy and continues to accumulate interest, though it may be at a different rate.

Although the death benefit of a term life insurance policy can be used any way the beneficiary chooses, the funds are commonly used for:

While death benefits are often designated for funeral expenses and income replacement, life insurance is a very flexible type of coverage that can be used in numerous ways.

The likely reason for this is life insurance is viewed as using cash to purchase a death benefit, whereas an annuity is all about converting a lump sum into an income stream.

The life insurance benefit can be used to help pay estate taxes, estate settlement costs, or as a way to leave an inheritance to children and grandchildren.

But large banks, corporations and wealthy individuals use properly structured life insurance contracts to obtain tax benefits, increase yields on cash, reduce borrowing costs and create positive arbitrage on equity loans.

A key man policy can also be used as an employee benefit, since the life insurance policy can be transferred to the executive or insured employee by the company.

When used correctly, permanent life insurance is a unique asset which provides substantial benefits that can be enjoyed while you're living:

For those looking to use life insurance as a personal bank, having your cash value grow quickly is a huge benefit.

The best part is you won't be on the hook for life insurance premium payments in retirement but you can use the policy benefits to help supplement your retirement income.

Irrevocable Life Insurance Trust: Typically used to shelter an insurance death benefit from estate taxes and may provide liquidity to pay estate taxes and settlemeInsurance Trust: Typically used to shelter an insurance death benefit from estate taxes and may provide liquidity to pay estate taxes and settlemeinsurance death benefit from estate taxes and may provide liquidity to pay estate taxes and settlement costs.

Loss of use coverage (sometimes called additional living expenses) is the least - known benefit of condo insurance, yet it could be extremely valuable to a policyholder.

This type of policy has a number of benefits as a life insurance solution, and can be used as a savings and investment tool in addition to providing death benefits to your beneficiaries.

Since life insurance only pays out a death benefit when there is a death, the only way to cash in early is to use the life insurance as a savings vehicle.

With hybrid long - term care life insurance policies you get a death benefit payout along with the option to use the policy if you are faced with the need for qualifying long - term care services.

This type of policy is good to consider if you're interested in not only the benefits of life insurance coverage, but also using the cash value as an investment vehicle to diversify your portfolio.

Further, as mentioned above, private placement life insurance benefits by using the tax incentives allotted to life insurance by the IRS.

Whole life insurance is good to consider if you're interested in the benefits of having coverage, but also want to take advantage of using the cash value as an investment vehicle.

The ability to participate fully in the market and still receive the tax benefits of life insurance is one of the primary reasons variable universal life is used in private placement life insurance.

For purposes of this post, it just needs to be understood that we can bridge the deficiency of not having enough coverage in our banking policy with a term rider, which can be used to add convertible term life insurance (which results in an increase to the death benefit).

That $ 42,000 could be used to pay the premiums on a life insurance policy, on the trustmaker's life, with the death benefit to pass to the 3 beneficiaries.

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

I will leave that question to your discretion and further review as we discuss some general benefits of using mutual whole life insurance for your key man life insurance policy.

You see, most people fail to understand the benefits of whole life insurance when used as a strategic wealth building tool and get fixated on the wrong things.

Cash value life insurance refers to a type of life insurance that, in addition to paying out a death benefit to your beneficiary or beneficiaries upon your death, accumulates cash value inside the policy while you are alive, that you can use for whatever you please.

This is often accomplished by using the additional benefits with many of the final expense life insurance companies.