Sentences with phrase «value upon death»

In exchange, the settlement company would make the premium payments and in turn collect the amount of the face value upon your 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.

In certain so - called community property states, the entire basis of community property — not just half — may be increased to date - of - death value upon the death of one spouse.

If assets are not held jointly with your spouse, the general rule is that the Canada Revenue Agency will deem it to be sold at fair market value upon your death.

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.

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-.

Not exact matches

The following table quantifies for each named executive officer the value of his unvested restricted shares and stock options, the vesting of which would be accelerated upon death or permanent disability (assuming the officer died or became permanently disabled on May 31, 2014):

All I can do here is to suggest that there is a place today for a general concept of resurrection that sees permanent meaning and value in our lives without depending upon belief in individual life after death.

The mean volume values were recorded throughout the experiment and upon death or the last day of death the final measurement was included in our data for mean tumor volume measurement extraction.

Term life pays out the value of the policy upon death in almost all circumstances.

If you own property in Florida or some other sunshine state, upon your death it will also be subject to U.S. estate tax if the value of your worldwide estate totals more than $ 2 million (U.S.).

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

Whole life insurance (cash value life insurance) offers a permanent accruing death benefit as well as accruing cash value within the policy over the life of the policy holder based upon mortality tables.

As a bit of review, the federal estate tax, is also coined the the «death tax» by opponents, and is a lump sum tax based upon the value of your gross estate upon death.

And upon death the full value (minus withdrawals) would go to your beneficiaries.

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.

Upon your death, loved ones receive income tax - free death benefits, and, while living, you have options for accessing the cash values.

You're entitled to go fishing (for eligibility requirements): A traditional fully underwritten whole life or universal life policy gives you coverage for life, pays out the insurance benefit upon your death and includes an investment component of accumulated cash value.

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.

The cash value policy pays out a lump sum cash benefit upon the death of the insured for the benefit of the life insurance beneficiary.

If a policy of insurance has been or shall be effected by any person on his own life or upon the life of another person, the policyowner shall be entitled to any accelerated payments of the death benefit or accelerated payment of a special surrender value permitted under such policy as against the creditors, personal representatives, trustees in bankruptcy and receivers in state and federal courts of the policyowner.

If cash value life insurance is being used, the cash value can be used to repay the loan depending upon the type of policy as can a portion of the death benefit.

And if you don't use your accumulated value, it can go to your spouse upon your death.

Cash value life insurance is more applicable to wealth building discussions because cash value is typically used during the policy owner's lifetime and is forfeited upon death in lieu of the death benefit being paid to surviving beneficiaries.

By growing your cash value and death benefit you will be maximizing your legacy because your policy will pay an ever increasing death benefit to your future heirs upon your passing, unlike term life that will most likely expire worthless.

The death benefit of a life insurance policy is the amount paid out upon the death of the insured, while cash value refers to the amount of funds in a permanent life insurance policy's cash account.

The insurance is payable upon death, and the cash value is available to the policyholder to withdraw or borrow against.

The full value of your RRSP or RRIF is taxable as income upon your death if left to anyone other than your spouse.

And even though you will never owe more than the value of your home when the loan becomes due (upon your death or when you no longer live in it), keep in mind that home values have the potential to increase over time.

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

Often, the death benefit is based upon the account value OR it may be based upon formula to calculate amounts paid in verses paid out.

In return for these premiums, the insurance company will provide a death benefit to a named beneficiary upon proof of the insured's death and a policy cash value.

Upon death, not only will your family benefit from the countless cash flow assets you have created during your life, but your family will receive a death benefit that truly represents your human life value.

Beneficiary: The Beneficiary is the designated individual or organization who will receive the value of a Registered Plan upon the death of the Annuitant.

A Comparison Can Be Drawn Between the Assets of Real Estate and Cash Value Life Insurance Because, In Some Key Ways, They Are Similar Investments, and Who Holds The Title to These Assets, Both During Your Life and Upon Your Death, Will Impact Your Overall Estate Plan.

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.

You can continue to live in your property and upon your death the house will be sold and finance to the value of the percentage sold will be returned to the lender.

Prosser on Torts, Third Edition, pages 116 - 118, states: «the law has always placed a higher value upon human safety than upon mere rights in property, it is the accepted rule that there is no privilege to use any force calculated to cause death or serious bodily injury to repel the threat to land or chattels, unless there is also such a threat to the defendant's personal safety as to justify a self - defense.

By definition, the paid up value of a life insurance policy is the value an owner receives from the insurer upon default or surrender or early termination of the policy before its maturity or the insured's death.

A typical example of a «narrow» arbitration agreement might be found in a buy - sell agreement that calls for the buyout of a manager's stock in a closely held company upon death at fair market value as of the date of death as determined by mutual agreement with an arbitrator chosen by some specified method determining the fair market vale as of the relevant date if the parties fail to reach a mutual agreement within X days.

All policy types have a stated death benefit that is paid upon the death of the insured person and permanent life insurance also has a cash value which can be used during the person's lifetime.

Upon the death of the insured, the insurance company pays a death benefit that is partly insurance and partly a return of policy's cash value.

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.

This rider enables your spouse, if he or she is the sole primary beneficiary, to continue your policy upon your death as the new owner, at a potentially higher policy value that includes any amount that would be payable under the Enhanced Beneficiary Benefit Rider.

There are also products that are guaranteed to pay out proceeds upon death, known as guaranteed universal life, but have little to no cash value after the premium goes in.

Being a Permanent Life Insurance plan, Variable Life Insurance accumulates cash value and allows minimizing income tax exposure during lifetime and upon the insured's death.

The accumulated cash value of the policy will be paid out to beneficiaries upon the insured's death.

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.