Sentences with phrase «amount as lump sum payment»

Secondly, if your beneficiary is not disciplined financially, receiving a large amount as lump sum payment being the proceeds from your life insurance policy may encourage him to spend the whole money carelessly.

Not exact matches

The total amount paid as a lump sum and monthly payments will be equal to the amount that would have been paid had the member not elected to receive a lump - sum payment.

A partial lump - sum payment whereby a portion of the accrued benefit is paid to the participant and the remaining amount is transferred to an eligible retirement plan, as defined in s. 402 (c)(8)(B) of the Internal Revenue Code, on behalf of the participant; or

It's similar to a personal credit card because it allows you to borrow funds as needed, without having to take the full amount in one lump - sum payment.

Payments can be given all at once in a lump sum, as a regular monthly term payment or through a line of credit at times and in amounts that you choose.

The premium could be paid to the life insurance company as a lump sum, an annual or semi-annual payment, or monthly amount, for example.

How quickly can you apply a lump sum payment against your mortgage principle so as to minimize the amount of extra interest you end up paying?

If a borrower needs the bulk of their reverse mortgage payment immediately, they can receive it as a lump sum payment.6 A lump sum is recommended if the borrower has an immediate need to use a large amount of money to pay down existing debts, make renovations to the home, pay for healthcare expenses, or for any other reason.

While this usually is one lump sum, some policies offer the option of a more long - term payment arrangement, such as a fixed monthly amount.

(o) If there is no person who would be entitled, upon application therefor, to an annuity under section 2 of the Railroad Retirement Act of 1974 [98], or to a lump - sum payment under section 6 (b) of such Act, with respect to the death of an employee (as defined in such Act), then, notwithstanding section 210 (a)(9)[99] of this Act, compensation (as defined in such Railroad Retirement Act, but excluding compensation attributable as having been paid during any month on account of military service creditable under section 3 of such Act if wages are deemed to have been paid to such employee during such month under subsection (a) or (e) of section 217 of this Act) of such employee shall constitute remuneration for employment for purposes of determining (A) entitlement to and the amount of any lump — sum death payment under this title on the basis of such employee's wages and self — employment income and (B) entitlement to and the amount of any monthly benefit under this title, for the month in which such employee died or for any month thereafter, on the basis of such wages and self — employment income.

the added amount that covers any lump sum payment you receive as a result of the «cash - out;» this includes closing costs / payoffs

When a sufficient amount is available to offer, as a one - time lump sum payment to one of their creditors, negotiations start.

Many seniors take out reverse mortgages as open credit lines, instead of taking cash in a lump sum or payments, because when you set up a reverse mortgage this way, the amount you can borrow increases each year.

Some creditors may allow for the structuring of a debt settlement in an installment plan rather than as a lump sum payment, but generally, a creditor will accept a lower amount if you offer a lump sum payment rather than an install plan spread out over several months.

the member's account balance is no longer seen as supporting a TRIS and t any payments made during the year (not just the amount in excess of the limit) will be super lump sums for income tax purposes and lump sums for SIS Regulations purposes

You can either take this amount as a lump - sum payment or you can receive a set amount of it each month.

When a member has unrestricted non-preserved benefits as part of their TRIS, they may partially commute the TRIS and receive a lump sum payment up to the amount of their unrestricted non-preserved benefits.

If you don't pay off the full amount of the loan by the end of the term, or if you can't afford to make equal payments over the life of the loan, the final payment must be made as a lump sum.

The loan amount depends on your age, the value of the home and how it is withdrawn (lump sum, regular payments or draw down as needed).

You can think of an annuity as the reverse: you pay the insurance company a lump sum amount in exchange for a stream of payments until you die.

I also want to try to negotiate two collections she has, by having them take a lump sum for a lower amount than is due, as opposed to her making monthly payments.

An annuity is just one of the available TSP withdrawal elections — payments also may be made as lump sums or in monthly amounts or the types may be combined.

A lump sum prepayment of any amount (as long as the total annual prepayments stay within the 20 % limit) can be made at the same time as the regular mortgage payment.

You can pay the amount owed (missed payments) as a lump sum, or you can spread that amount over future mortgage payments.

So why don't lenders offer a true reverse mortage which would compute and lend a stream of payments (at interest of course, but hopefully a rate reflective of the low risk given the high property value / loan ratio) rather than a useless lump sum which has seniors paying pretty high mortgage interest rates on a large amount of loan, rather than a interest on the (rising) amount of loan as the stream of payments accumulated.

If the settlement provides for the payment of a lump sum in an amount offered by the insurer and, with respect to a benefit under the Statutory Accident Benefits Schedule that is not a lump sum benefit, the settlement contains a restriction on the insured person's right to mediate, litigate, arbitrate, appeal or apply to vary an order as provided in section 280 to 284 of the Act, a statement of the insurer's estimate of the commuted value of the benefit and an explanation of hoe the insurer determined the commuted value.

Effective April 1, 2019 Veterans will likely be able to choose to receive the Pain and Suffering Compensation as monthly payments for life, or to cash the monthly amount out for a lump sum payment.

In light of this and other developments, the wife applied to a motions judge for an order that his ongoing child and spousal support obligations be converted to a lump - sum amount in the same amount as the equalization payment would have been, i.e. $ 50,000.

Despite being a common - law wife, she sought alimony for herself in the amount of $ 56,000 per month and $ 50 million as a lump sum payment.

The premium could be paid to the life insurance company as a lump sum, an annual or semi-annual payment, or monthly amount, for example.

Normally, when the policyholder dies, the death benefit is paid to the beneficiaries as a tax - free, lump - sum amount (or, sometimes, a series of payments) and that's the end of the transaction.

The annuity payouts begin immediately after payment of a single lump sum amount (known as the purchase price).

The fixed amount paid by latter to the former is referred to as the premium payment and the lump - sum amount paid to the nominee in the event of the death of the latter if referred to as the death benefit.

During premium payment term: The nominee or legal heir will receive the sum assured as a lump sum amount will be paid.

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 payments.

This is because in case of one - time or annual premium payments, the insurance company saves on administrative costs and also gets a lump sum amount in advance for the full year, as opposed to the quarterly or monthly payment options.

These plans are so designed that instead of providing a lump sum amount on maturity, as most insurance plans do, this plan provides a stream of payments post maturity up until the policyholder is alive.

The rider metes out a pre-determined amount as a one - time lump sum payment.

While this usually is one lump sum, some policies offer the option of a more long - term payment arrangement, such as a fixed monthly amount.

This amount may either be paid as a lump sum or monthly payments.

An immediate annuity provides income to the purchaser that starts as soon as they deposit a lump sum and the payments last for the lifetime of the purchaser or for the lifetime of the purchaser and his or her spouse (or joint annuitant) or for some set amount of time (5, 10, 20 years).

The percentage of Guaranteed Payout depends upon the Policy Term, Premium Payment Term and the Premium Amount as mentioned below: (The Policyholder has an option to take the above mentioned maturity benefit as a lump sum.

The payment structure is flexible, so that the insured can use the lump sum benefit amount as and when required for his medical treatment.

If the installment amounts are below the threshold limits, then the death / maturity amount will be settled as lump sum payment only.