Sentences with phrase «lump sum benefit after»

Not exact matches

Because your life insurance premiums are paid with after tax dollars, the death benefit is able to be paid out in lump sum without any state or federal taxes being withheld.

When you roll over a lump sum for your member after they have satisfied a condition of release, if they chose to move their benefits to another super fund.

Included with this benefit is a Recovery Benefit that pays a lump sum amount when the insured returns to work at least 30 hours per week immediately after a period when residual disability benefits werbenefit is a Recovery Benefit that pays a lump sum amount when the insured returns to work at least 30 hours per week immediately after a period when residual disability benefits werBenefit that pays a lump sum amount when the insured returns to work at least 30 hours per week immediately after a period when residual disability benefits were paid.

SV just after commutation is the special value, worked out just after the superannuation lump sum is paid, of the superannuation interest that supports the capped defined benefit income stream.

While the updated benefit kicked in on the first of the year, payments won't be made until summertime, when parents will receive a lump sum for the first half of 2015, after which payments will be made monthly.

This benefit is available only for lump - sum payments made on or after July 1, 2016.

Your beneficiaries receive a tax - free, lump - sum benefit after your death to cover living expenses, mortgage and debt payments, or anything else they need

Please let me know that monthly income advantage plan offered by Max Life in which after paying 12 annual premiums will get a monthly income for next 10 years & get a lump sum amount (equal approximate the premiums paid in 12 years in the beginning) plus approx. 14.5 times death benefit for the entire policy term i.e. 22 years.

If you only have final salary service after that date, or have any career average service, you will not get any programmed lump sum when you take your benefits.

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.

Defined contribution plans usually allow lump - sum benefit payments to alternate payees, but some also provide for a stream of payments over the payee's lifetime after retirement.

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.

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.

Even after providing benefits to help cover those expenses, her life policy still paid a sizeable lump sum to her loved ones.

The cash benefit — doled out in one lump sum or as daily or weekly payments — may not start until after a minimum waiting period.

After an insured is injured due to a covered accident, it provides the certificate owner with a lump - sum benefit, so they can spend less time worrying about expenses and more time healing.

Because your life insurance premiums are paid with after tax dollars, the death benefit is able to be paid out in lump sum without any state or federal taxes being withheld.

If you die a day, a week, a month or six years after the policy goes into effect, the benefits / cash value would be payable as a lump sum to the beneficiary named on the policy.

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.

This policy covers 11 critical illnesses with or without hospitalization, hospitalization cash benefits (including incidental expenses), convalescence benefits (paid in a lump sum after continuous hospitalization for 5 days).

The lump sum amount is paid as maturity benefit to the insured after the completion of policy tenure.

The Fund Value is the maturity benefit which may be taken in lump sum or availed in instalments over 5 years after the maturity datethrough the Settlement Option feature under the plan.

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.

With the Settlement option, the policyholder can opt to receive the maturity benefit in periodical payments for five years after the date of maturity rather than as a lump sum.

The death benefit will be paid on a monthly basis or can be withdrawn in lump sum after discounting it @ 8 %

Policyholders can choose to receive the Maturity Benefit as a lump sum or over a period of five years after the maturity date, as under the settlement option.

The policyholder can choose to receive the maturity benefit as a lump - sum amount or through pre-selected installments via yearly, half - yearly or quarterly modes for a period of up to five years after the maturity date.

This plan provides a lump sum benefit amount after a survival of 30 days.

In Unit Linked Polices instead of taking a lump sum amount at maturity, some plans provide policyholders with the option to receive the Maturity Benefits as a structured payout (periodic instalments) over a period of time (say, 5 years or any time up to 5 years) after maturity.

Immediate annuity plan = In immediate annuity plan, if you are above 30 years, you can pay a lump sum amount and then start earning annuity benefits immediately after retirement.

An annuity in which benefits begin soon after the annuity is purchased by paying a one - time lump sum amount.

The Lump sum benefit will be paid after the survival period under Critical Illness cover.

Yes, if the beneficiary wants a lump sum benefit, the monthly instalments would be paid in lump sum after being discounted @ 4 %.

These plans pay the death benefit partly in lump sum and partly in monthly or annual incomes or completely in monthly or annual incomes for a specified tenure after the death of the insured.

The various benefits of this plan include: — ● Participating whole life endowment plan ● Participation in profits by way of bonuses ● Lump sum death benefit ● Option to pay regular premium payments ● Continuity of plan even after maturity

Once your policy matures, which is 5 years after your premium payment term, you will receive a lump sum payout equal to 50 % of the Sum Assured plus any declared Compounded Reversionary bonuses plus any Terminal Bonus, which is called the Maturity Benefit.

After retirement, you can get maturity benefit which is a large lump sum amount and also get a regular stream of income in the form of annuity.

Annuity is a type of plan where you pay a lump sum amount at once and reap its benefits after your retirement.

The policy will terminate after payment of benefits as a lump sum.

Offers life insurance cover, lump sum benefit at maturity, regular guaranteed payouts for 15 years after maturity