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Simple English definitions for legal terms

proceeds and avails

Read a random definition: deep issue

A quick definition of proceeds and avails:

Proceeds and Avails: This refers to the money that can be received from a life insurance policy. It includes the amount of money that has been accumulated since the policy was issued, as well as the benefits that are payable when the policy matures or when the insured person passes away. Basically, it's the total amount of money that can be obtained from a life insurance policy.

A more thorough explanation:

Definition: Proceeds and avails refer to the cash-surrender value of a life-insurance policy, including the values accumulated since the policy's issue date and the benefits payable upon maturity and the death of the insured.

Example: Suppose a person has a life-insurance policy with a cash-surrender value of $50,000. If the policyholder decides to surrender the policy, they will receive the $50,000 as the proceeds and avails of the policy. Additionally, if the policyholder passes away, their beneficiaries will receive the death benefit as part of the proceeds and avails.

The examples illustrate that proceeds and avails refer to the total value of a life-insurance policy, including the cash-surrender value, accumulated values, and benefits payable upon maturity and death. These values are paid out to the policyholder or their beneficiaries depending on the circumstances.

proceeds | proceres

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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