No. because on that specific date you died. Payment is not based on actual time but dates.
No, Death claim proceeds are tax free including Dividend. If there is any interest paid on death claim proceed due to delay in death claim settlement, then paid interest can be taxable.
You have whatever interest is bequeathed you under the Will. If that's an "equity interest" (whatever that is), then, yes. You only acquire your interest upon the death of the testator. Until that happens you have no interest in any property devised to you in a will. Clarification: If you are asking whether you have an expectancy under the Will of a testator who is still alive, no. The Will can be revoked as long as the testator has capacity. An exception would be in a situation in which the testator has obligated himself by contract to make you his beneficiary.
Only whole life insurance, not term, accumulates cash value from which a loan may be taken While the loan does not have to be repaid, if it is not, the loan plus accrued interest will be deducted from the death benefit. If you are changing from whole life to term within the same company, it may permit you to pay a higher premium for the term in order to pay off the policy loan on the whole life, but this would be unusual. It would make for a far cleaner transaction to pay off the loan and switch to term coverage.
In case of death of the policy holder within the validity periof the policy, the insurer considers factor whether the death was a natural one or of suicidal nature. Even in natural death,if the person dies of chronic disease,the insurer can call for medical report to ascertain the actual cause of death. Similiarly, in case of fire, the insurer has to be covinced about the actual cause of fire,whether it is due to short circuit or unscrupulous element involved in causing the fire. In India, the jute barons made crores from insurance claims caused from self imposed fire.
You "can" pay off the reverse mortgage at anytime. You simply pay the bank the current balance of the reverse mortgage. There are different ramifications depending on the structure of the reverse mortgage. The largest portion of the cost of a reverse mortgage is in the closing costs and the accrued interest over the years. The interest only accrues at the agreed upon interest rate. Actually, upon death of the "Last surviving borrower" on the reverse mortgage there are three options. 1. If the Heirs want the home they can refinance it for the balance of the Reverse mortgage. 2. If there is equity, the heirs can sell the home, pay off the mortgage and jeep the overage. 3. If the Reverse mortgage has reached the value of the home ( or the non-recourse limit ) the heirs can simply walk away and owe nothing on the home. Also any other estate assets are protected from recourse. You can refer to hud.gov or aapr.org for more details.
Subject to the terms and conditions of the policy, the outstanding balance of the policy loan (plus accrued loan interest, the rate of which will be stated in the policy) will be deducted from the death benefit. The balance of the death benefit will be paid to the beneficiary.
death was announced in lok sabha before his actual death
Death Rate is the actual rate of death where Crude Death Rate is a guess on the death rate.
No.
It depends on the terms of the divorce. That said, any new debt accrued by someone after the divorce will not be the responsibility of their ex partner
A Thanatologist studies the actual process of death and dying.
It's not an actual place, it's a historical event of death.
Near death.
No, Death claim proceeds are tax free including Dividend. If there is any interest paid on death claim proceed due to delay in death claim settlement, then paid interest can be taxable.
There is no actual president of life and death.
The story does, but an actual death star does not exist. It is made up for the story.
AnswerYou'll get your money back, with interest.