Conditions and terms written into a contract.
We were planning to use that building contractor but we were not happy with all the stipulations in their contract.
If you're referring to private disability insurance, then your disability insurance contract will spell out the terms.If you're referring to Social Security then the current amount you can earn and still collect benefits is about $1000 per month.
they receive insurance and savings benefits.
it depends on the stipulations in your contract. in most cases any breach of cantract can be grounds for repo
That could be an annuity, or a permanent life insurance policy.
Upon the death of the insured, the person or persons selected as the receiver of benefits in the contract receives the benefits or money from a life insurance policy.
As you have described it, this sounds very similar to an annuity.
The physical Disability insurance contract provided by the insurance company will have all of the information needed to determine whether they will want their money back if a claimant is eligible for Social-Security (SS) benefits. If you have Disability insurance under a group policy (through work), there is a good chance that they will want a refund for benefits paid on any month that you were eligible and receive SS benefits. This will often be described very clearly in the contract. Group contracts will often offset your benefits, dollar-for-dollar (100%) with an benefits received from SS and family SS. In order to be sure, simply reference the contract you have. With individual Disability coverage you should know if any of your benefits will offset with SS benefits. Benefits are classified as "Base benefits", which do not offset or "Social Insurance benefits" which is an optional rider you can add to your coverage and will offset dollar-for-dollar with SS benefits. This information will be found in your original contract. In order to know for sure, you should reference the contract. *There are many different names for the Social insurance rider. Every company has their own variation, but the conditions are similar.
Read the specific policy exclusions in the life insurance contract. It will detail the impact of a suicide on the benefits, if any.
Yes, you can cancel a contract with you service provider, but you will most likely be charged with an early termination fee. And this will depend on the stipulations on the contract.
An insurance contract is needed to specify the exact terms of the insurance.