You'd probably put the policy into an irrevocable trust with your heirs as beneficiaries; correctly constructed, the trust would keep the policy proceeds out of your estate at death.
As the debates on policies proceed, we must never lose sight of the deeply human nature of this crisis.
Since environmental policy proceeds mostly by government fiat, consumers have endured higher prices for the products of firms that have borne needlessly high clean-up costs, and homeowners have paid higher property taxes to finance the vast sums spent by their towns on waste treatment and water purification.
The remaining property inside Milton's credit shelter trust will be distributed as well, and both the property and the policy proceeds will have a basis of zero.
One is Congress' stipulation that the amount of money received by families from the fund be reduced by insurance policy proceeds and other death benefits.
In this highly-stylized view policy proceeds through a set of stages from understanding the nature of the problem (agenda-setting), to exploring possible problem resolution options, weighing up costs and benefits, making a rational choice about best options (decision-making), and finally implementation, possibly followed by evaluation.
Law revision was not visible on the agenda as these policy changes proceeded.
Yet progress in adopting family-friendly work practices and social policies has proceeded at a glacial pace.
Well aware that most of her party, let alone the rest of the country, did not support her new policies, she proceeded slowly, appointing her supporters to a few key posts, but otherwise doing little to suggest a radical break with the past.
Mr. Abrams has also recently questioned the Israeli policy of proceeding with the fence, officials and diplomats say, on the ground that it is provocative to Palestinians.
