administrative, beneficiary, confronted, insurance

Related BrainMass Solutions

• FMLA, COBRA, HIPAA, and ERISA

  This fine can be increased to $200 for each day in which there was more than one Qualified Beneficiary per family. ? An ERISA penalty of $110 per day payable to each Qualified Beneficiary for each day the employer was not in compliance. ?

• Legal Question: Zoya's Lease with Peerless

  The concepts of a third-party beneficiary and liability insurance are discussed.

• term insurance and cash value insurance

  Term policies provide life insurance coverage for a specified period of time. You can typically buy term insurance for periods ranging from 1 to 30 years. If you die during the policy period, your beneficiary receives the policy death benefit.

• Reconciling Book To Taxable Income

  premium on life of corporate officer where Zero is the beneficiary 10,000 Excess charitable contributions carried over to next year 2,500 U.S. production activities deduction 1,000 Prepare a reconciliation of Zero's taxable

• Estates, Trusts and Gifts Tax Problems

  * Insurance policy on Jeff s life (maturity value of $1 million) with Taylor (Jeff?s wife) as the designated beneficiary.

• Life Insurance Types

  Universal life insurance is just like the rest of life insurance policies, that your beneficiary receives a tax free death benefit when you die.

• Discuss taxability of insurance proceeds

  , the proceeds paid to the beneficiary at your death could be considered taxable income to that beneficiary.

• Compute taxable income for Marjory

  = (7950) Notes: life insurance proceeds are almost never taxable, but certainly not to a named beneficiary who had nothing to do with the policy.

• What will an insurer do if it learns that an applicant misstated his or her age on a life insurance application?

  The premiums paid to the beneficiary would also include appropriate interest, unadjusted for age, that the applicant had paid into the life insurance policy. According to the law, the fact that he lied about his age does not void his policy.