Sentences with phrase «if lump sum option»

If lump sum option is selected, the Sum Assured would be paid entirely in lump sum.

Not exact matches

If there aren't many options, consider refinancing your private student loans or trying to settle them with your lender if you have a lump sum of money you can afford to pay at oncIf there aren't many options, consider refinancing your private student loans or trying to settle them with your lender if you have a lump sum of money you can afford to pay at oncif you have a lump sum of money you can afford to pay at once.

Loans are great if you are looking to borrow one lump sum, but if you prefer to choose a specific amount when you need it, lines of credit may be a better option.

Spartan, unsettling menus offer access to a «bonus» section that contains «Making Signs» (fullscreen), which runs 59 minutes if you watch it in a lump sum via the «Play All» option.

If you die during the guarantee period, the annuity will continue to make income payments until the end of the selected guarantee period or you could select that the remaining payments are paid as a lump sum (this option is not permitted where the guarantee period is 10 years).

However, if it is the right choice, the options include a lump sum payoff, making biweekly payments, increasing the monthly payment and making one or two additional principal payments throughout the year.

Another scenario where an investor would have the option between dollar cost averaging and doing a lump sum might be if they receive a large bonus from work or possibly an inheritance.

Loans are great if you are looking to borrow one lump sum, but if you prefer to choose a specific amount when you need it, lines of credit may be a better option.

If you're under 55 when you leave your company, you'll be offered the option of taking your pension benefit as a lump - sum payment.

Unfortunately, many, if not most, companies that have a lump sum option offer only an either - or choice: take your entire pension benefit as a lump or lifetime payments.

If you or your beneficiary elect an option other than lump sum, any interest accrued on the death benefit will be taxed.

If you choose to go with a fixed interest rate, you must take out a lump sum, whereas if you choose to go with a variable interest rate, you have the option of receiving payouts as a lump sum, line of credit, monthly payments, or a combination of all threIf you choose to go with a fixed interest rate, you must take out a lump sum, whereas if you choose to go with a variable interest rate, you have the option of receiving payouts as a lump sum, line of credit, monthly payments, or a combination of all threif you choose to go with a variable interest rate, you have the option of receiving payouts as a lump sum, line of credit, monthly payments, or a combination of all three.

Look at all the different options available — some annuities pay your heirs a lump sum if you die early; some are inflation - protected; some cover both you and your spouse.

The 55 % lump sum charge is in case you are paying 40 % tax when you take it out, to make sure that it's not a more attractive option than the 25 % + income tax: if you have # 100, either you get # 45 tax free via a lump sum, or you get # 75 gross and hence # 45 net.

If your taxable income is more than $ 100,000, you have foreign earned income, lump - sum distributions, alternative minimum tax, qualified adoption expenses or a health savings account, you do not qualify for this tax preparation option.

What if I die while receiving my payments?If you die while still receiving your payments through a non-life only option, your beneficiaries will have the choice of either receiving the remaining payments left on your payment schedule, or elect to receive the remaining account value as a commuted lump sum.

If you die while still receiving your payments through a non-life only option, your beneficiaries will have the choice of either receiving the remaining payments left on your payment schedule, or elect to receive the remaining account value as a commuted lump sum.

Ans: If you have to repay quite a lump sum amount and you think you can't pay them in full, debt settlement option can come to your help.

Depending on the cash you have on hand, a lump sum settlement might make good sense if bankruptcy is not an option.

If you are the beneficiary of a life insurance policy, you typically have two options for receiving your payout: in a lump sum or in installments.

Dear Harmohan, You may consider «Monthly income option» if you believe that your nominee can not manage «lump sum claim amount» (if any).

I recommend setting your payments at the level of a 5 year fixed rate and if there is space in your prepayment option (lender specific) you can further increase the payment OR set up a lump sum payment each year to maximize your pay down.

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.

One common options is if you own a home with home equity you can obtaining a 2nd mortgage or a home equity loan to payout CRA in one lump sum.

If a borrower selects this option, he or she can order monthly payments or withdraw lump sums until the line of credit is exhausted.

The other option you have if you're behind on your bills is to simply reach out to your creditors yourself and offer them a lump sum that's less than the current balance.

So, if you're someone that receives a bonus or part of your compensation through commission, and you want the opportunity to put a lump sum down against your mortgage, your pre-payment options might say okay you can put, you can pay off up to 20 % of your mortgage balance each year.

This loan gives you an alternative to refinancing and an option to collect a lump sum of cash from your equity, if the interest rate on your mortgage is higher than current rates of interest.

If your investment objective is to invest a lump sum amount in an MIP fund and would like to receive regular & fixed (monthly / quarterly / yearly) income then investing in MIP fund with Growth & Systematic Withdrawal options can be a prudent choice.

If you are age 62 or older, you can get a reverse mortgage, and choose a disbursement option of line of credit, lump sum, monthly income, or a combination of any of the three.

If you die during the guarantee period, the annuity will continue to make income payments until the end of the selected guarantee period or you could select the remaining payments are paid as a lump sum (this option is not permitted where the guarantee period is 10 years).

It is usually only an option if you have a reasonable amount of money available every month to pay your creditors or you have a lump sum or assets that you can include.

Notify employees of the plan termination, allowing them to elect a lump sum or to participate in the annuity if this is an option.

It is almost always better not to take a lump sum if you have the option to do otherwise.

If it is likely to be the same for the next few years, this may be a better option than paying a lump sum.

If you've not yet begun to start receiving the Sears pension, an option is to take the so - called Commuted Value of the pension, rolling a lump sum payment over into your RRSP so you have complete control of the assets.

If you plan on making large lump sum payments each year, than there may be better ETF options out there than TD - efunds.

You may also consider taking a lump - sum distribution from your old employer - sponsored plan if you're facing extraordinary financial circumstances, but this option comes at a high price.

You can continue with the existing plan or a new plan, where you can elect to do a lump sum payment for the year again, or go on the monthly option if you prefer.

They won't necessarily advertise that option, since it's better for both the artist and the dealer if you pay the lump sum if you can.

Repayment options You'll need to decide when payments are due or if you want the loan to be repaid in one lump sum.

On maturity, if the policyholder is alive, the fund value is paid which can be availed in lump sum or over the next 5 years through the Settlement Option.

If no option is selected, payment will be made by lump - sum check.

However, life insurance proceeds are taxed if they are paid in installments instead of a lump sum (e.g. Minnesota Life Omega Builder has an option of installments or lump sum due to their living benefit features).

One option is a single premium insurance policy allowing the policyholder to deposit one lump sum, and then receive a specified amount of long - term care coverage if so needed, or to have their beneficiaries receive death benefit proceeds if the long - term care coverage is not used.

If you don't have a lump sum to pay for the previous option, this policy is essentially the same but with regular payment options.

The right choice for each owner depends upon which options provides the lower long term cost, and if they are able to to afford the lump sum payment of an original aged priced policy.

Ironically, IRC Section 72 (h) actually does provide that a contract which pays a lump sum can avoid constructive receipt if it offers the option to pay an annuity instead (and the policyowner exercises that option within 60 days)... except, of course, an annuity isn't necessarily a very appealing purchase for someone who just turned 100!

Option 1 — if Ram dies during the term of the plan, 15 % of the Sum Assured is paid in lump sum to the nominee.

There are options to pay monthly, quarterly and half yearly also if spending a lump sum is difficult.