Net death benefit definition
Net death benefitÌýmeans the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.
Net death benefitÌýmeans, with respect to a Policy, the amount projected to be paid by the Issuing Insurance Company to the Borrower or the Securities Intermediary on its behalf as a result of the death of the related Insured.
Net death benefitÌýmeans the amount of the life insurance policy or certificate to
Examples of Net death benefit in a sentence
Forest Hills NY 11375 (718.268.9255) 122 East 42nd Street, New York, NY 10168 (212.687.8901) 200 Broadhollow Road Melville NY 11747 (631.589.5400) TAX ON DISTRIBUTIONS AT DEATH � Income Tax o Investment/Equity Portion � Taxed at ordinary income (may be transferred to an IRA without tax) � Includes cash value of life insurance o Life Insurance Portion � Net death benefit (face amount minus cash value) income tax free.
More Definitions of Net death benefit
Net death benefitÌýmeans the amount of the life insurance policy or certificate to be settled less any outstanding debt or lien.
Net death benefitÌýmeans, with respect to any Policy, as of any date of determination, the death benefit payable under such Policy net of any Policy Loan (and accrued interest) as of such date of determination.
Net death benefitÌýmeans the amount of the life insurance
Net death benefitÌýshall be the death benefit payable under the terms of the Policy or Policies reduced by the aggregate premiums paid by the Company.
Net death benefitÌýmeans the amount of the
Net death benefitÌýmeans the amount of the policy to be
Net death benefit.ÌýThe death benefit less any policy debt.