Sentences with phrase «years of policy ownership»

However, after a certain amount of time has passed, such as two or three years of policy ownership, the beneficiary would be eligible to receive all of the stated death benefit upon the insured's passing.

Should the insured live past the first few years of policy ownership and pass away after that, the beneficiary would be able to receive the full amount of the death benefit — even on a plan that contains the graded death benefit option.

This means that there is no need to wait for two or three years of policy ownership in order for the full amount of the death benefit to be paid out.

For example, if the plan has graded death benefits, then it may pay out only a certain percentage of the total if the insured passes away within the first few years of policy ownership.

This is a graded benefit whole life insurance policy, which means that during the first two years of policy ownership, the benefit for death of the insured by natural causes will be a refund of the premiums paid in, plus interest.

However, it contains a Graded Death Benefit for the first two years — this means that if death occurs within the first two years of policy ownership, your beneficiaries will receive your accumulated premium payments and 10 % interest instead of the face amount of your policy.

This includes a waiting period and often a decreased payout within the first two years of policy ownership, not having access to enough death benefit if you need a larger policy, and some no exam policies do not provide coverage for those over a certain age.

However, it contains a Graded Death Benefit for the first two years — this means that if death occurs within the first two years of policy ownership, your beneficiaries will receive your accumulated premium payments and 10 % interest instead of the face amount of your policy.

There are usually limits to this; it can only be done after the first year of policy ownership, and there typically needs to be enough cash to fund the policy for at least 60 days.

There are usually limits to this; it can only be done after the first year of policy ownership, and there typically needs to be enough cash to fund the policy for at least 60 days.

Not exact matches

Our Board, upon the recommendation of our Corporate Governance and Nominating Committee, has a stock ownership policy that requires each independent director to beneficially own at least 5,000 shares of Common Stock or vested RSUs within two years of becoming a director; all of our independent directors are in compliance with this policy.

In addition, pursuant to our outside director equity compensation policy, in the event of the termination of a non-employee director's service to the Board as a result of death, disability or retirement, all of the non-employee director's equity compensation awards will become fully vested, provided that the non-employee director served as a member of the Board for at least three years prior to the date of termination and the non-employee director satisfied our equity ownership guidelines during his or her service as a Board member.

stock ownership policy under which all executive officers are required to retain 50 % of their after - tax profit shares acquired upon exercise of options or vesting of stock awards for a period of one year following retirement, and all other employees are expected to retain that number of shares while employed by the Company.

The Republican Speaker of the House of Representatives, Pennsylvania's Rep. Galusha Grow, managed the Act through Congress and echoed a point made years earlier by former President James Madison that population growth would eventually make obsolete a broad - based property ownership policy limited only to the ownership of land.

Bob Katter introduced the Australian ownership bill this year to stop the sell off of agricultural land and his party has a policy for a 10 % tariff on imported goods.

Owning additional term policies instead of a large permanent life policy for all those years would align better with your needs, be more affordable, and allow for different ownerships.

In case the Life Insured is a minor at the time of the policy issuance, the ownership of the policy will vest in the Life Insured on attainment of 18 years of age, age last birthday.

In case of the life insured being a minor at the time of policy issuance, the ownership of the policy will vest in the life insured on attainment of age 18 years, age last birthday.

A transfer of policy ownership occurs within three years of death (three - year rule must be observed).

The project follows the establishment of an inter-agency task force in July last year to review policies on pet ownership and managing strays.

Scott Hardin — a biologist, expert on exotic and invasive species and proud owner of a ball python named Ricky (as in Lucy's husband)-- has the kind of insight that comes only with years of experience working at the intersection of science, environmental stewardship and public policy, balancing conservation of fish and wildlife with responsible pet ownership.

With 125 years of experience in the study and welfare of dogs, the AKC is a leading expert on responsible dog ownership, care, well - being, and public policy issues that pertain to dog ownership.

Externalities may be addressed by either a tax / credit or some other public policy, public ownership and management of the commons, or privatization of the commons, or through court actions — each option may have it's own costs — for example, the large - scale privatization of the climate system may be impractical with given technology (analogy with toll roads), and even without that, it has at least an aesthetic cost (nature is supposed to be nature; and psychologically, humans may benifit from some amount of public space) and perhaps scientific (ie nature — in this context, nature as it is with relatively small impacts of humankind — is not nature if it is not being itself) costs; there may be inefficiencies in the court system that could be bypassed for issues that are easily addressed with legislation (unless we had a class - action lawsuit on behalf of all people now until the year).

The left's approach to the current financial crisis is to round up the usual scapegoats rather than blame government interventions that favoured home ownership and several years of loose monetary policies.

Doctor Grigsby subsequently took ownership of the policy and continued to pay the policy's premiums until his patient's death a year later.

But, after the child attains 18 years of age, he is legally matured and then the policy ownership transfers in his name automatically making him the policyholder.

Think about 20 years from now when it's time for your child or grandchild to take ownership of the policy.

Owning additional term policies instead of a large permanent life policy for all those years would align better with your needs, be more affordable, and allow for different ownerships.

Overall, ownership of life insurance policies is at a 50 - year low.

Life insurance is actually the only type of gift that is subject to a three - year look - back in an extension of that rule, which helps the IRS determine whether or not the ownership of a policy was changed solely because the person being insured believed they were going to die soon.

After the first year of ownership, universal life policyholders have the option to increase, decrease or skip premium payments, so long as the cash value balance is sufficient to cover all policy expenses.

The policy anniversary following the child reaching 18 years is the date on which the ownership of the policy will revert back in the child's name and the child becomes the legal policyholder this date is called the Vesting Date

... you provide your key person with golden handcuffs by offering them ownership of the policy and the accrued cash value, say for example... after staying with the company for ten years?

The Trends in Life Insurance Ownership study, which is conducted about every six years by the insurance industry «Think Tank» - LIMRA, reported that only 44 percent of U.S. households have an individual life insurance policy.

In case the Life Insured is a minor at the time of policy issuance, the ownership of the policy will vest in the Life Insured on attainment of 18 years of age, age last birthday.

In case the Life Insured is a minor at the time of the policy issuance, the ownership of the policy will vest in the Life Insured on attainment of 18 years of age, age last birthday.

In case of the life insured being a minor at the time of policy issuance, the ownership of the policy will vest in the life insured on attainment of age 18 years, age last birthday.

It could last up to 30 - years, and ownership of that policy could be transferred to the minor in adulthood.

«Government policy is contributing to a falling home ownership rate and younger Canadians are being impacted the hardest» As long as we «welcome» 300,000 new emigrants every year; a portion of which will have the means to purchase and thus decrease the supply side of housing, younger Canadians will continue to suffer.

Store important documents such as proof of identity, property ownership, insurance policies, bank and investment account information, and three years of tax returns in a bank safe - deposit box.

NAR President Gary Thomas released a statement about NAR's role, over the past five years, in shaping policies to stabilize the market, recover home values, ensure access to affordable credit, and renew faith in the value of home ownership.