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What else can I help you with?
Do heirs get the benefit of the annuity if both parties die?
If both parties to an annuity contract die, the benefits to heirs depend on the specific terms of the annuity. Many annuities have a death benefit provision that pays a specified amount to the beneficiaries upon the death of the annuitants. However, if the annuity was set up without a death benefit or if it has been fully paid out, heirs may not receive any benefits. It's essential to review the annuity contract for details on beneficiary provisions and death benefits.
What benefit should you receive after 3 years for unlimited contract?
It depends what it says in your contract.
What happens to Immediate Annuity contract if annuitant dies withing first years of contract?
If the annuitant of an immediate annuity dies within the first year of the contract, the insurance company typically stops making payments. However, the specifics can vary based on the terms of the contract. Some immediate annuities may have a death benefit provision, allowing beneficiaries to receive a lump sum or the remaining value of the annuity. It's important to review the contract details to understand the implications of the annuitant's death.
Who receives the death benefit on a life insurance contract?
The beneficiary.
What is the benefit of having the sickle cell trait?
They can not contract malaria.
What is a grandfather clause and what was it's purpose?
A grandfather clausecould be:1. A clause in some southern States' Constitutions which exempted the descendants of men who where beneficiaries of pre-Civil-War enfranchisement from subsequent suffrage restrictions. A clause such as this in the Oklahoma State Constitution was ruled unconstitutional under Amendment XV to the United States Constitution in Guinn v. United States, 238 U.S. 347, 35 S.Ct. 926 (1915); or2. An exemption provision benefiting persons, entities or transactions to whom a certain status accrued prior to a new law taking effect, who, where subject to the new law of which the exemption provision is a part, would be adversely affected as to the benefit of that status by the overall provisions of the law. Beneficiaries of grandfather clauses are referred to as having been "grandfathered in"; or3. A provision in a government contract granting immunity to the contractor as to changes in applicable federal law that would otherwise have an adverse effect on the contract; or4. A general and inclusive provision in a construction contract imposing responsibility on one party to the contract for foreseen or unforeseen risks.
Under contract benefit level what does TOA mean?
Table of Allowance
What is a tax trap?
A tax trap is a tax law provision that can result from a taxpayer's loss of an otherwise available tax benefit from a transaction.
What is tax trap?
A tax trap is a tax law provision that can result from a taxpayer's loss of an otherwise available tax benefit from a transaction.
Benefit of the Bargain is descriptive of what type of damages?
Benefit of the Bargain is a type of consequential damages in contract law, aiming to compensate the non-breaching party for the loss of the full value or benefit that would have been received had the contract been performed as agreed. This type of damages seeks to put the non-breaching party in the position they would have been in if the contract had been fulfilled.
What is a quasi-contract?
A quasi contract is a lawful, voluntary and unilateral acts so as to avoid unjustly enrichment for the benefit of the one at the expense of another.
What is the impact of the free rider problem on the provision of public goods?
The free rider problem hinders the provision of public goods because individuals can benefit from these goods without contributing to their production. This can lead to underfunding and inadequate provision of public goods, as people may choose not to pay for them if they can still enjoy the benefits without cost.
