Sentences with phrase «as lump sum»

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

This is paid to the agent as a lump sum as soon as the first premium payment is made if it is an annualized commission.

Upon diagnosis of as many as six diseases mentioned in the policy document, National Insurance Critical illness policy offers the total Sum Insured amount as a lump sum.

** Policy holders above age 45 years at start of policy have an option to select 7 times the annualized premium as the lump sum amount.

A part of the cover will be paid out as lump sum while the other part will be provided as monthly income.

You may take your Maturity Benefit as lump sum at the Maturity Date by selecting the said option at the inception of the policy.

As per this option, the policyholder can choose the proportion of death benefit sum assured to be received as lump sum and the rest of the sum assured will be paid as regular income.

Aviva Wealth Builder: It is designed in a way that that doubles the total amount of premiums paid and provide returns it as a lump sum at maturity KNOW MORE

In case of insured's death, then the beneficiary will receive 20 times the monthly income chosen at time of inception as lump sum.

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 yearly.

Part amount as lump sum and remaining as monthly payouts for a fixed number of months.

The survivors may receive the death benefit as a lump sum or in the form of monthly income continued over a fixed period.

On the first diagnosis of any of the covered critical illnesses, the entire CI benefit amount of Rs. 10 lakhs will be paid as a lump sum, irrespective of the actual expenses incurred on treatment.

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

• On death of the annuitant, Death benefit2 is payable as lump sum to the nominee and no further amount will be payable.

You'll pay the premium for the rest of your life, unless you decide to cash in and receive the cash value as a lump sum.

If death occurs during the term, level term typically pays the death benefit as a lump sum.

The company will pay the Sum Insured as lump sum on first diagnosis of any one of the following Critical Illness, provided that the Insured Person survives a period of 30 days from the date of the first diagnosis.

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.

Should you survive the term policy you purchased you will get your «life insurance premiums refunded» back to you as a lump sum.

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 entire amount of the proceeds paid to you as a lump sum are considered taxable earnings.

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

Upon completion of the policy term, you can choose to receive the bonuses accumulated as a lump sum or use it to increase your monthly income sum for the next 15 years.

Most life insurance policies pay out the death benefit as a lump sum — although there are other options typically available for receipt of the policy proceeds.

Unless your policy falls into a few very specific situations, your beneficiaries will receive the full payout as a lump sum without any deductions or charges (including taxes).

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

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.

However, the insured will have an option to commute up to a maximum of one - third of the accumulated value as lump sum at the time of vesting.

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.

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

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.

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

It pays out death benefits only, but these benefits are paid out as a lump sum and go directly to your named beneficiary.

The life insurance proceeds are paid as a lump sum and are not taxable.

This differs from the typical death benefit selection in that usually, the beneficiary who completes a death claim elects how he or she would like to receive the death benefit, whether as a lump sum, or annuity payments for X number of years.

Transamerica actually forces you to take a minimum death benefit as a lump sum of $ 10,000.

Upon being diagnosed, you can access a portion of your death benefit as a lump sum cash payment to use however you see fit.

Immediate Lifetime Annuity: An account that provides payment as soon as a lump sum of money is deposited into the account.

The money in your annuity, which you invest as a lump sum, earns a guaranteed fixed rate of interest.2 Fixed deferred annuities are not subject to the ups and downs of the stock market and you don't pay taxes on your earnings until you withdraw them.3 With a fixed deferred annuity, you will also receive protection for your beneficiaries through a guaranteed death benefit.1

The money in your fixed annuity, which you invest as a lump sum, earns a guaranteed fixed rate of interest.2, 3 Fixed deferred annuities are not subject to the ups and downs of the stock market and you don't pay taxes on your earnings until you withdraw them.4 With a fixed deferred annuity, you will also receive protection for your beneficiaries through a guaranteed death benefit.2

The money in your annuity — which you invest as a lump sum — earns a guaranteed, fixed rate of interest for a period you select.

Payment from the policy may be as a lump sum or as an annuity, which is paid in regular installments for either a specified period or for the beneficiary's lifetime.

For a major stage cancer diagnosis, the entire sum insured or the indexed sum insured (whichever is applicable) will be paid as a lump sum amount, less any amount already paid up during the early stage diagnosis.

A significant part of the policy benefits will not be available as a lump sum, but has to be taken as annuity.

The Death Benefit is equal to the Sum Assured and paid as a lump sum amount.

Here, you can invest a minimum amount of Rs. 6000 in installments of at least Rs. 500 or as a lump sum.

It is worth trying to offer less as a lump sum or offer to pay the full amount by instalments.

Under the third option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in increasing monthly instalments increasing at a simple rate of 12 % per annum for 10 years.

This is an important extra cost to be mindful of, and an argument for taking the death benefit as a lump sum.