Not exact matches
Decisions regarding pension
payouts may be mind - numbing --(a) single life, (b) joint life -100 %
benefit, (c) joint life — 50 %
benefit, (d)
lump sum etc., etc..
In case of occurrence of any of listed Critical illness, the
Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have bee
Benefit (as chosen during inception) will be payable to you as a
lump sum amount, irrespective of the death
benefit payout option chosen, subject to policy being in force and all due premiums have bee
benefit payout option chosen, subject to policy being in force and all due premiums have been paid.
Guaranteed death
benefit protection so that your beneficiary receives a
lump sum payout when you die.
Additionally, the death
benefit of life insurance is not taxed to the trust beneficiary, allowing the beneficiary to receive a large
lump sum cash
payout.
Instead of taking the Death
Benefit of a life insurance policy all at once as a
lump sum, it's also possible to receive the policy's
payout in regular installments.
Income Protection Option: Rather than the typical
lump sum payout upon death, you can choose to pay your beneficiary the death
benefit a monthly income stream.
The changes, which were part of the budget deal signed into law last week, also eliminated the option of getting a
lump -
sum payout if you suspended an application for
benefits and later changed your mind.
You'll also have the right to claim a
lump sum payout of suspended
benefits up to age 70.
The
benefit can be paid in installments or a
lump sum, with the beneficiary receiving the balance of the insurance
payout after the policyholder's death.
It may have been from a Defined Contribution (DC) pension plan where you bought mutual funds during your employment or it may have been from a Defined
Benefit (DB) pension plan where you chose a
lump -
sum payout instead of a future monthly pension payment.
While most
lump -
sum payout plans have a fixed
Sum Assured
benefit, some may offer higher or lower
benefit depending on the time of death.
Recurring
payout option also allows the beneficiary to receive a
lump sum benefit instead of regular monthly or yearly
payouts anytime after the death of the life insured.
The nominee can choose either to receive annuity
payouts from the death
benefit partly or in full or withdraw the
lump sum amount
In case of demise after premium paying term or during the
payout period, the nominee receives the
sum assured along with other
benefits and the
lump sum of
payout left in the insured's account.
In case of death, the
benefit can be taken either in
lump sum, or in instalments under the Regular Annual
Payout option or 50 % in
lump sum and 50 % in instalments as per the policyholder's choice.
Transamerica, an A + rated company founded in 1904, offers unique options, with a few of their term life products, such as Living
Benefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requi
Benefits for early access to death
benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requi
benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and
lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requirements.
The nominee can avail the entire death
benefit in
lump sum or take 20 % of the
benefit in
lump sum on death and the remaining in annual instalments over a
payout period of 10, 15 or 20 years @ 11 %, 8.37 % or 7.12 % respectively
There are three options to receive the maturity
benefits under the plan which can be chosen either as money - back
payouts under Options A and B or a
lump sum payout under Option C.
In addition, almost all term life insurance plans also provide critical illness
benefits to ensure a
lump sum payout for the beneficiaries in case the policy holder is diagnosed with some critical diseases.
Final expense insurance definition: a small whole life insurance policy ranging from $ 5,000 to $ 25,000 where the primary purpose of the
lump sum death
benefit payout is to cover burial expenses, such as a grave marker and cemetery plot, and other final expenses, such as any outstanding debts that are not forgivable upon death.
You generally need to invest a
lump sum, typically $ 50,000, which will cover either long - term - care
payouts or a death
benefit for your heirs.
Rather than a
lump sum death
benefit payout, the rider stretches out the death
benefit payout over a longer period, say 10 years or 20 years.
Generally, life insurance death
benefits that are paid out to a beneficiary in
lump sum are not included as income to the recipient of the life insurance
payout.
Instead of taking the Death
Benefit of a life insurance policy all at once as a
lump sum, it's also possible to receive the policy's
payout in regular installments.
As the policyholder, you can choose whether your beneficiaries receive the death
benefit as a single
lump -
sum payment or a monthly
payout over a period of 5 to 25 years.
Typically, such critical illness insurance plans not only provide the
lump sum payout on detection of the disease but also provide additional
benefits such as provision of regular income a for a period of time, and waiving off the requirement to pay premium for the health insurance plan.
Extra Life Income Option: An extension to the income option,
benefits include
lump -
sum payout in case of death due to accident & regular monthly income (level or increasing) chosen at the time of inception.
Bharti AXA Life Hospital Cash Rider - allows payment of a fixed
benefit for each day of Hospitalization, and a
lump sum payout in case of surgery
Your nominee also has an option to take the Death
Benefit as a lump sum benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded
Benefit as a
lump sum benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded
benefit which is equal to outstanding monthly
payouts discounted at 6.25 % per annum compounded yearly.
However, if the nominee prefers to have a
lump -
sum benefit instead of a staggered
benefit, the remaining
payouts are discounted at the rate 5.25 % per annum and will be paid as
lump -
sum immediately.
The death
benefit payout is a
lump sum payout or fixed monthly
payout for 100 months.
Another endorsement — the Income Protection Option (IPO)-- will allow the policy owner to choose a specific form of
payout for the policy's death
benefit, including either a
lump sum at various times or monthly payments to the beneficiary, at the time of policy issue.
Maturity
Benefit will be paid as a lump sum plus education support benefit in installment as flat or increasing
Benefit will be paid as a
lump sum plus education support
benefit in installment as flat or increasing
benefit in installment as flat or increasing
payout.
Income Protection Option: Rather than the typical
lump sum payout upon death, you can choose to pay your beneficiary the death
benefit a monthly income stream.
Lumpsum: When one opts for
lump sum payout option, the nominee receives the death
benefit as
lump sum one - time pay.
Benefits - there is
lump sum payout of 25 % for mild, 50 % for moderate, and 100 % for severe stages of illness.
Edelweiss Tokio Life - MyLife +: A non-participating, non-linked Term Insurance plan which offers the flexibility to choose the death
benefit as a
lump sum or monthly
payout or a mixture of both.
Hospital Cash Rider — allows payment of a fixed
benefit for each day of Hospitalization, and a
lump sum payout in case of surgery
The
benefit can be paid in installments or a
lump sum, with the beneficiary receiving the balance of the insurance
payout after the policyholder's death.
Lump - sum: When one opts for lump sum payout option, the nominee receives the death benefit as lump sum one - time
Lump -
sum: When one opts for
lump sum payout option, the nominee receives the death benefit as lump sum one - time
lump sum payout option, the nominee receives the death
benefit as
lump sum one - time
lump sum one - time pay.
The life assured while buying the plan can opt the death
benefit payout either as
lump sum payout or installment.
Death
Benefit Payout option: The policyholder can opt either
lump sum option or installment option.
You may opt
lump sum benefit or income
benefit as a
payout.
The beneficiary may opt to receive all future outstanding annual
payouts in the form of a
lump sum benefit.
In case, any of the mentioned Critical Illness occurs, the
Benefit is paid to you as a Lump sum amount, as selected during the inception, heedless of the death benefit payout option you choose, subject to the policy being in function and the payment is made for all the due pa
Benefit is paid to you as a
Lump sum amount, as selected during the inception, heedless of the death
benefit payout option you choose, subject to the policy being in function and the payment is made for all the due pa
benefit payout option you choose, subject to the policy being in function and the payment is made for all the due payments.
Under the Aspiration option for Maturity
Benefit payout, lump sum is paid on Maturity which is the Sum Assured and Guaranteed Additions where the total benefit received is equal to 125 % of
Benefit payout,
lump sum is paid on Maturity which is the
Sum Assured and Guaranteed Additions where the total
benefit received is equal to 125 % of
benefit received is equal to 125 % of the SA
The policyholder can choose to receive the maturity
benefit as an immediate
lump -
sum payout or through pre-selected for a period of up to five years after the maturity date.
In case, the major stage of cancer is diagnosed, dual
benefit as
lump -
sum payout plus income is paid to the insured.
Few companies asks same premium amount irrespective on the type of
payout, but some companies may offer a lower annual premium when you opt for a
lump sum benefit as compared to the staggered monthly
payouts.