Sentences with phrase «as a lump sum after»

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

Not exact matches

The value of the vested Account balance in the Cash Balance Plan is payable to the team member at any time after termination of employment in either a lump sum or an actuarially equivalent monthly annuity as provided under the Cash Balance Plan and as elected by the team member.

«Utilizing families and their pain and using undocumented immigrants and putting the law in one lump - sum category and vilifying them as criminals is obviously a false narrative that he continues to hold up and it's very dangerous and divisive to this country,» she said during a press conference after Trump signed the executive orders at City Hall.

If the U.S. Department of Defense (DOD) makes a lump - sum payment toward your Direct Loans after a year of service as part of one of the student loan repayment programs it administers, you will receive credit for up to 12 qualifying payments for PSLF.

Considering it as an investment tool plus a retirement plan, since after 35 years i.e. at the age of 60 it will give a lump - sum amount, is it wise decision to buy the life insurance under given conditions?

For lump sum investment, you may consider an Arbitrage fund and can hold the investment for just over 12 months, as the capital gains (if any) on Arbitrage fund is tax - exempt after 12 months.

According to the Law Dictionary, if you decide to receive annuity payments instead of receiving a lump sum, you can receive your first payment as quickly as 10 days after the claim is processed.

An HELOC can be used at any time as there are no withdrawal restrictions but for a home equity loan, payments after the initial lump sum must be approved through a new contract.

A withdrawal and re-contribution strategy involves withdrawing a lump sum from super and then re-contributing the money back as a tax - free non-concessional (after tax) contribution.

Or, if your annuity contract has funds remaining after you die, your beneficiaries can receive them as a lump sum.

As you can see, whether you withdraw a lump sum or spread out your withdrawals over time, the tax - deferred account is significantly more valuable than the taxable account after the 20 - year time period.

Withdrawals are taxed as ordinary income and must begin after the account holder reaches the age of 70 1/2; withdrawals can be taken as a lump sum or in minimum annual installments based on life expectancy.

I have now come to a conclusion that I will go ahead with my idea of doing STP after investing in some liquid funds, as I have lump sum availability.

Putting it another way, the results of dollar cost averaging depend on returns after you put in the last dollar of the lump, as does investing the lump sum all at once.

Shouldn't you be giving us strategies on how to maximize our flexibility within the group plan such as annual lump sum contributions and conversions after x number of years, etc..

While this doesn't sound like too much of a risk, after a week the loan picks up interest, which wouldn't be as bad if you weren't supposed to have the full lump sum paid.

C = The taxable component of the lump sum calculated under sections 307 - 120 and 307 - 125 of the ITAA 1997, as if no deduction under subsection 295 - 485 (2) of the ITAA 1997 were allowed, after excluding the actual (if any) insured amount for which deductions have been claimed under sections 295 - 465 or 295 - 470 of the ITAA 1997.

Unlike disability insurance, which protects your income to age 65 and generally kicks in after 90 days of disability, critical illness insurance pays out a lump sum in the event of critical illnesses such as cancer, a stroke or a heart attack.

When you own a home you can enjoy the value of your investment without selling it, by either continuing to live in it after you've paid off the mortgage (at which point you have no more mortgage payments), and optionally getting a reverse mortgage at any time after age 62, which allows you to extract cash value from your home in either a lump - sum or as monthly payments, and which you won't have to pay back as long as you live in the home.

(3) Any time after you're 62, get a reverse mortgage, which pays you most of the equity you've built in cash, either as a lump - sum or as monthly payments.

After payments begin, recipients have the option to sell all or a portion of their structured settlement payments to a third - party funder, such as a structured settlement / factoring company, in order to access cash in a lump sum.

After you reach your 12th billing statement, Discover will give you the cumulative amount of cash back you have earned again as a lump sum.

In her decision of February 4, 2013 in Questel v. Questel, Justice Jackman - Brown ruled that the $ 623,040.00 in lump - sum lottery proceeds were not marital property as the winning drawing occurred 7 months after Mr. Questel had commenced his divorce action.

In case the insured dies after the completion of first 5 years of the policy, the nominee of the policy receives the basic sum assured + accrued guarantee addition + simple reversionary bonus + final reversionary bonus (if any), which can be paid as a lump - sum or as an annuity, or as a combination of two.

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

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

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.

This insurance provides you with a lump - sum payment after an accident to use as you see fit.1 It can help with out - of - pocket expenses such as deductibles, copays, transportation to medical centers, childcare and more.

According to the Law Dictionary, if you decide to receive annuity payments instead of receiving a lump sum, you can receive your first payment as quickly as 10 days after the claim is processed.

Since the funds are considered as a return of after - tax dollars, the lump - sum payment is provided tax - free.

Where at the time of maturity you start getting regular income after your retirement and you can also choose your money lump sum amount as a part.

This commuted amount would be paid as lump sum and the annuity will be proportionately reduced after commutation

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

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.

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.

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.

Endowment Plans can be defined as the life insurance plans that give a lump sum return after the end of the policy (or death).

A life insurance policy will ensure that your family stays protected after your demise as the insurer will give your family a lump sum or monthly pay out.

Thus, an initiative such as the NPS allows citizens and potential customers to build a habit of saving and accumulate a lump sum amount to ensure regular payouts after the work life has reached an end.

Instead of taking the entire amount as lump sum, she plans to opt for the Settlement Option 2 where she will get Rs. 50 Lacs as lump sum immediately after death and the remaining Rs. 50 Lacs as monthly income (starting from next Policy Anniversary) increasing at 8.50 % p.a. (simple rate) every year starting from the policy anniversary following the date of death.

After 5 years of purchasing the plan, he met with an accident which lead to death and his family received Rs 75 Lacs as a lump sum.

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

Death after first five policy years: Provided the policy is in full force, Basic Sum Assured along with accrued Guaranteed Addition, Vested simple Bonuses and final additional bonus, if any, shall be paid as lump sum or in the form of an annuity or partly in lump sum and balance in the form of an annuity to the nominee / legal heir at the then prevailing immediate annuity rates.

You normally have to say who you'd like to receive this lump sum, although some schemes won't recognise cohabiting partners as beneficiaries (someone who's able to receive the lump sum after you've died).