Sentences with phrase «as a lump sum payment»

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

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.

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.

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

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.

With a home improvement loan, you receive all of the funds as a lump sum payment.

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.

The nominee / beneficiary under this plan also has the option to receive all monthly installments as a lump sum payment.

For example, critical illness riders can be delivered as a lump sum payment or could just earn you a waiver of future premiums of the plan.

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

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

Your beneficiaries will receive the life insurance proceeds as a lump sum payment.

By assessing your needs, a broker will carefully weigh important decisions, such as lump sum payments and fixed versus variable rates, before they are made.

This notice may be provided as working notice, by salary continuance in life of notice, or as a lump sum payment in lieu of notice.

A partial commutation takes effect if you choose to take some of your income stream entitlements as a lump sum payment.

Severance packages are treated as lump sum payments by CRA just like an annual bonus (assuming it's one 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.

You can choose to put your challenge savings into your emergency fund, invest it, put it toward debt as a lump sum payment at the end of the year, or to pay for Christmas gifts for your friends and family.

However, the employee match portion is done once a year in February as a lump sum payment rather than being paid monthly.

Although Deeley had provided Wood with the benefits she was entitled to during the notice period as well as a lump sum payment to arguably account for the lack of severance pay, this did not change the fact that the termination clause was deficient and unenforceable.

This means that if you had $ 500,000 in death benefits, your beneficiaries would receive $ 425,000 as a lump sum payment of the death benefits.

In this case, his nominee will immediately get Rs 10 Lakh as lump sum payment.

Term life insurance is the most affordable form of life insurance, as it only covers death benefits, which are payable to the named beneficiary as a lump sum payment and are generally non-taxable.

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

By assessing your needs, a broker will carefully weigh important decisions, such as lump sum payments and fixed versus variable rates, before they are made.

One way is as a lump sum payment.3 The pitfall associated with this payment method is that the funds could run out quickly, leaving you unable to cover your costs of living.

One way is as a lump sum payment.3 The pitfall associated with this payment method is that the funds could run out quickly, leaving the borrower unable to cover their costs of living.

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.

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.

One way is as a lump sum payment.3 The pitfall associated with this payment method is that the funds could run out quickly, leaving the borrower unable to cover their costs of living.

One way is as a lump sum payment.3 The pitfall associated with this payment method is that the funds could run out quickly, leaving you unable to cover your costs of living.