Sentences with phrase «as a lump sum»

On the first diagnosis of any of the six critical illness, the rider benefit will be paid as a lump sum benefit.

In the majority of cases, a named beneficiary will receive the death benefits as a lump sum payment and these proceeds are not subject to income tax.

Basically, money back plans give small amounts to the life insured at regular intervals instead of paying the entire amount as a lump sum amount at the end of the term.

This rider is payable as lump sum on first occurrence of any of the covered 34 illnesses.

In the case of home ownership leases, rent is paid as a lump sum payment.

If you want to receive the outstanding maturity benefit as a lump sum at any time during the payout period, the discounted value @ 9 % per annum discount rate is payable.

The policy offers 100 % sum assured as a lump sum on death of the policyholder in case of life protection.

Offers additional financial security as well as 100 % of the sum assured as a lump sum amount in case of accidental death.

You have the option to receive the maturity payout as a lump sum or choose the settlement option.

Reverse mortgage proceeds can be taken as a lump sum, as regular monthly payments, or as a line of credit.

The death benefit is payable as a lump sum of basic sum assured plus all the bonuses irrespective of all survival benefit paid earlier.

It pays out a death benefit, which you may receive as a lump sum payment with no income tax, to use for anything your family needs.

Please suggest three or four funds, I want to invest as a lump sum.

You can also specify whether a beneficiary should receive the life insurance proceeds as a lump sum payment or in monthly payments.

You have the option to receive the fund value as a lump sum or choose the settlement option for maturity benefit payout.

Usually it is paid as a lump sum when the mortgage is taken out, or it can be taken off your mortgage advance at the time.

Most of these plans offer a monthly payout option as well as lump sum payout options after a certain interval of months or years.

However, the new fund must commence a death benefit income stream or pay the amount out of super as a lump sum (or a combination of these).

You can choose to pay the premium as a lump sum for the whole term.

Critical illness insurance provides funds as a lump sum when you are diagnosed with an illness that is named in the policy.

In the event of the demise of the life insured, the nominees receive 12 times of the monthly income benefit in the policy year of death will be paid as lump sum immediately.

Many people assume death benefits are only paid as a lump sum which is what most companies advertise.

Some employers offer retirees and future retirees the option to take their pensions as lump sum payments, but provide no guidance as to what payment option is best for each individual's situation.

Both processes also allow for solutions that differ from what a court might be able to order - such as a lump sum payment in lieu of alimony.

The upside to this is that sum assured of the accident benefit will also be payable as a lump sum along with the death benefit.

In case you have enough money lying idle or if you receive a huge amount of money as lump sum, you can opt for one time premium.

Note: The beneficiary has the option to receive the entire or any part of the monthly income as a lump sum.

In case demise of the life insured during the policy term, the death benefit is payable to the nominee as a lump sum amount.

Under this plan, you need to pay premium as a lump sum only once and enjoy benefits throughout the policy term.

This strategy works best if you have the money available as a lump sum.

The company will pay the sum insured as lump sum on first diagnosis of any one of the critical illnesses mentioned, provided the insured person survives 30 days from the first diagnosis.

Aside from the obvious value of receiving a large amount of cash as a lump sum, there are some risks with choosing an annuity to receive the death benefit.

It pays out death benefits only but it goes to your chosen beneficiary as a lump sum payment and is usually tax - free.

This money is given as a lump sum after qualifying, and it is often received before five business days.

You can receive regular periodic distributions on a schedule that is calculated based on your life expectancy, or you can collect your entire investment as a lump sum.

If you deliver a viable pregnancy (as determined per your contract) before 40 weeks, you receive the remaining balance as a lump sum.

Participants can choose to take distributions as a lump sum, annual installments or as an annuity.

The remaining 20 % only can be withdrawn as lump sum.

The federal government counts any cancelled debt as a lump sum of money handed to you to pay off the rest of the debt.

Now I am getting 10 L as lump sum from a sale proceed.

You can take the loan as a lump sum, regular income stream, line of credit or a combination of these options.

With assured returns, you can plan your purchase as you are well aware of the amount that you would get as lump sum after a certain period.

Life insurance proceeds are not taxable with respect to income tax, so long as the proceeds are paid out entirely as a lump sum, one time, payment.

The withdrawal base is used solely for income calculation and is not accessible as a lump sum value.

For simplicity, let's consider a reverse mortgage obtained as a lump sum amount with a fixed interest rate.

100 - 120 % of premiums paid are returned at the end of the policy term as a lump sum survival benefit.

Financial - control criteria include who provides equipment for the worker; how expenses are reimbursed; and whether payment is made as a lump sum, commission, or hourly wage.

The withdrawal phase can be structured as a lump sum payout or a monthly income stream.

For these reasons, it makes sense for the beneficiary to claim the death benefit as soon as possible as a lump sum.