Sentences with phrase «as lump sum payout»

In case of demise of the life insured during the policy term, the nominee is entitled to receive a Sum Assured amount as a lump sum payout.

Maturity benefits payable as lump sum payout which is the base Sum Assured plus accrued bonus and Terminal Bonus, (if any) and the policy terminates.

You can also opt for 50 % of the sum assured as a lump sum payout and the remaining sum assured amount is paid annually in increasing installments for 10 years.

The nominee has the option to take the sum assured on death as a lump sum payout or staggered payment, as per the terms applicable under the plan.

When you opt for a combination of payout under the income replacement term insurance plan, the nominee receives a part of a sum assured as a lump sum payout at the time of claim, and the rest of the money is paid in monthly installments.

The life assured while buying the plan can opt the death benefit payout either as lump sum payout or installment.

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

Not exact matches

Or worse yet, see the lump sum payout as the preferred over an income annuity.

The payouts from an annuity contract can be made as one lump sum or as a series of payouts over time based on your needs.

Cash payouts can be received in a lump sum, as a line of credit, or in installments for as long as the borrower lives in the house.

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paid.

If you choose to go with a fixed interest rate, you must take out a lump sum, whereas if you choose to go with a variable interest rate, you have the option of receiving payouts as a lump sum, line of credit, monthly payments, or a combination of all three.

Take a lump sum payout now of $ 13,705 which I could take as cash, rollover to an IRA or Roth IRA.

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).

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.

You can receive your funds as a monthly income stream, in a lump sum payout, or as a combination of the two.

Upon claim payout (which is usually only 30 days from diagnosis), you will receive a lump sum payment according to your coverage level, which can be used as you see fit.

You can receive your money in a variety of ways — as a lump sum, a line of credit, a series of regular payouts or a combination of these.

Should you take the payout as systematic payments, a lifetime annuity, or a lump sum?

This may take the form of a lump sum loan payout, or it may take the form of a line of credit, often known as a «Home Equity Line of Credit.»

You may also be able to transfer certain retirement accounts, such as your IRA, 401 (k), or lump - sum pension plan payout.

Upon claim payout (which is usually only 30 days from diagnosis), you will receive a lump sum payment according to your coverage level, which can be used as you see fit.

As is obvious from its name, a lump - sum claim payout term insurance plan provides the nominee with a lump - sum, i.e. a one - time complete payout.

Limits are based largely on occupation class and elimination period (365, 540, or 730 days) but can get as high as 2 million for a lump sum or 3 million for a monthly payout (over 60 months).

You can select whether you want the lump sum as a payout at maturity or opt for structured payouts through settlement option

Additionally, the policy owner has the right to change the mode of premium payment, i.e. annual, semi-annual, quarterly or monthly bank draft as well as the payout method, i.s. lump sum, lifetime annuity or period certain annuity.

And because life insurance is no longer just about lump sum payout — it's evolved to include such things as «living insurance» or monthly payouts — you need to strike the right balance between cover and affordability.

In case of death, the benefit can be taken either in lump sum, or in instalments under the Regular Annual Payout option or 50 % in lump sum and 50 % in instalments as per the policyholder's choice.

Transamerica, an A + rated company founded in 1904, offers unique options, with a few of their term life products, such as Living Benefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requirements.

A good retirement option is one that provides a lump sum payout at the retirement age or just before, to meet the relocation expenses from the place where the person is working to his hometown, and regular payments thereafter that serve as monthly earnings for the individual.

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

There are three options to receive the maturity benefits under the plan which can be chosen either as money - back payouts under Options A and B or a lump sum payout under Option C.

You should review your life insurance needs whenever you have a life event such as a new job, a marriage, a new baby, a death or any lump sum payout.

Final expense insurance definition: a small whole life insurance policy ranging from $ 5,000 to $ 25,000 where the primary purpose of the lump sum death benefit payout is to cover burial expenses, such as a grave marker and cemetery plot, and other final expenses, such as any outstanding debts that are not forgivable upon death.

Generally, life insurance death benefits that are paid out to a beneficiary in lump sum are not included as income to the recipient of the life insurance payout.

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.

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).

As the policyholder, you can choose whether your beneficiaries receive the death benefit as a single lump - sum payment or a monthly payout over a period of 5 to 25 yearAs the policyholder, you can choose whether your beneficiaries receive the death benefit as a single lump - sum payment or a monthly payout over a period of 5 to 25 yearas a single lump - sum payment or a monthly payout over a period of 5 to 25 years.

Typically, such critical illness insurance plans not only provide the lump sum payout on detection of the disease but also provide additional benefits such as provision of regular income a for a period of time, and waiving off the requirement to pay premium for the health insurance plan.

You have the option to choose your payouts in lump sum amount or as regular income.

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

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.

However, if the nominee prefers to have a lump - sum benefit instead of a staggered benefit, the remaining payouts are discounted at the rate 5.25 % per annum and will be paid as lump - sum immediately.

Your family will get a lump sum of Rs 1 crore + A income of Rs 50,000 every month for the next 10 years as a payout.

Maturity Benefit will be paid as a lump sum plus education support benefit in installment as flat or increasing payout.

Lumpsum: When one opts for lump sum payout option, the nominee receives the death benefit as lump sum one - time pay.

PNB MetLife Mera Term Plan offers four sum assured pay out options to select from either full lump sum payout, payout as lump sum + Regular monthly income, Payout as lump sum + Increasing Monthly Income and Payout as Lump sum + Regular Monthly Income till your child turnslump sum payout, payout as lump sum + Regular monthly income, Payout as lump sum + Increasing Monthly Income and Payout as Lump sum + Regular Monthly Income till your child turpayout, payout as lump sum + Regular monthly income, Payout as lump sum + Increasing Monthly Income and Payout as Lump sum + Regular Monthly Income till your child turpayout as lump sum + Regular monthly income, Payout as lump sum + Increasing Monthly Income and Payout as Lump sum + Regular Monthly Income till your child turnslump sum + Regular monthly income, Payout as lump sum + Increasing Monthly Income and Payout as Lump sum + Regular Monthly Income till your child turPayout as lump sum + Increasing Monthly Income and Payout as Lump sum + Regular Monthly Income till your child turnslump sum + Increasing Monthly Income and Payout as Lump sum + Regular Monthly Income till your child turPayout as Lump sum + Regular Monthly Income till your child turnsLump sum + Regular Monthly Income till your child turns 21.

Offers 4 sum assured pay out options to select from either full lump sum payout, payout as lump sum + Regular monthly income, Payout as lump sum + Increasing Mopayout, payout as lump sum + Regular monthly income, Payout as lump sum + Increasing Mopayout as lump sum + Regular monthly income, Payout as lump sum + Increasing MoPayout as lump sum + Increasing Monthly.

Edelweiss Tokio Life - MyLife +: A non-participating, non-linked Term Insurance plan which offers the flexibility to choose the death benefit as a lump sum or monthly payout or a mixture of both.

Lump - sum: When one opts for lump sum payout option, the nominee receives the death benefit as lump sum one - time Lump - sum: When one opts for lump sum payout option, the nominee receives the death benefit as lump sum one - time lump sum payout option, the nominee receives the death benefit as lump sum one - time lump sum one - time pay.