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When that happens, the insurer does not have to make a payout.
Decisions about when to retire and whether to take benefits monthly or in a single check are difficult, forcing people to consider when they will die and whether they are skilled enough investors to make a payout last.
Thus far, I've never had to make a payout.
Last-minute sales saved the game, as attendance at the 1983 game climbed to 40,000 and a new television contract allowed the bowl to make a payout of $580,000 to each team.
Similar(56)
Startups and banks are also exploring a concept known as "smart contracts," in which updates to a blockchain can add simple computer programs for example, to automatically make a payout when a particular transaction occurs.
The company said it would use the proceeds from the transaction to make a large payout to its owners.
But while CME called upon the trustee to make a prompt payout to MF Global customers, Mr. Giddens has so far moved cautiously in doling out the funds.
He argued that he could not be ordered to make a divorce payout to the 37-year-old socialite because his EU assets had been frozen.
The approval by Cablevision's board is a victory for the chairman, Charles F. Dolan, and his son, the chief executive, James L. Dolan, who were trying for a second time to make a cash payout to shareholders.
For artists who have used the site to sell music, we plan to make a final payout within 60 days of the shut down.
It only survives though institutionalised bribery and if any of the skin bleachers get into trouble it's likely they'll need to make a hefty payout to avoid jail.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com