Sentences with phrase «lump sum benefit payout»

When you opt for a lump sum benefit payout option, the nominee / beneficiary receives full payment of the sum assured at once.

Lump sum benefit payout.

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 beeBenefit (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 beebenefit 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 requiBenefits 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 requibenefits 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 paBenefit 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 pabenefit 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 % ofBenefit payout, lump sum is paid on Maturity which is the Sum Assured and Guaranteed Additions where the total benefit received is equal to 125 % ofbenefit 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.