Sentences with phrase «benefit in a lump sum amount»

The nominee can avail the entire death benefit in a lump sum amount or avail 50 % of the benefit in a lump sum and the rest 50 % in equal monthly instalments @ 0.42 % of the Guaranteed Death Benefit for 10 years post death.

Not exact matches

A partial lump - sum payment whereby a portion of the accrued benefit is paid to the participant and the remaining amount is transferred to an eligible retirement plan, as defined in s. 402 (c)(8)(B) of the Internal Revenue Code, on behalf of the participant; or

If you receive one or more super member benefits that are super lump sums in an income year, the LRC amount is reduced for the next income year by the total of the amounts that both:

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 paiIn 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 beeBenefit (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 beebenefit payout option chosen, subject to policy being in force and all due premiums have been paiin force and all due premiums have been paid.

The Guaranteed Transfer Withdrawal Rate is applied to all investment option transfers from the Non-Personal Income Benefit Investment Options to the Personal Income Benefit variable investment options, contributions made in a lump sum (including amounts attributable to contract exchanges and direct transfers from other funding vehicles under the Plan) and rollovers.

(o) If there is no person who would be entitled, upon application therefor, to an annuity under section 2 of the Railroad Retirement Act of 1974 [98], or to a lump - sum payment under section 6 (b) of such Act, with respect to the death of an employee (as defined in such Act), then, notwithstanding section 210 (a)(9)[99] of this Act, compensation (as defined in such Railroad Retirement Act, but excluding compensation attributable as having been paid during any month on account of military service creditable under section 3 of such Act if wages are deemed to have been paid to such employee during such month under subsection (a) or (e) of section 217 of this Act) of such employee shall constitute remuneration for employment for purposes of determining (A) entitlement to and the amount of any lump — sum death payment under this title on the basis of such employee's wages and self — employment income and (B) entitlement to and the amount of any monthly benefit under this title, for the month in which such employee died or for any month thereafter, on the basis of such wages and self — employment income.

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

Please let me know that monthly income advantage plan offered by Max Life in which after paying 12 annual premiums will get a monthly income for next 10 years & get a lump sum amount (equal approximate the premiums paid in 12 years in the beginning) plus approx. 14.5 times death benefit for the entire policy term i.e. 22 years.

One thing that seniors might consider is a single premium option which is a lump sum payment into a policy in return for a certain amount of death benefit.

Lump sum, where the life insurance company pays the total amount of the benefit in one single payment at the death of the insured

If the policyholder dies while the policy is in force, the coverage amount (grimly called a «death benefit») is paid out in one tax - free lump sum to the beneficiaries named in the policy.

You have lump sum amount to invest but hesitate to invest them completely in equity, so you could invest in a debt fund and start an STP to get the benefit of rupee cost averaging.

Hence we recommend you not only to continue your Sip in volatile market but also to invest some lump sum amount during down times that would give you extra benefit over long - term wealth creation.

Lump sum: all proceeds are paid in a single amount at closing, with the maximum allowable disbursement at loan closing or during the first year of the loan being restricted to 60 percent of the eligible benefit or the mandatory obligations plus 10 percent of the benefit.

Life insurance policy is a contract between the insurers or insurance provider wherein a lump sum amount is promised as a death benefit to the beneficiary in the event of the policyholder

Life insurance policy is a contract between the insurers or insurance provider wherein a lump sum amount is promised as a death benefit to the beneficiary in the event of the policyholder's death, provided the policy was active and the premiums were paid till the insured's death.

If the settlement provides for the payment of a lump sum in an amount offered by the insurer and, with respect to a benefit under the Statutory Accident Benefits Schedule that is not a lump sum benefit, the settlement contains a restriction on the insured person's right to mediate, litigate, arbitrate, appeal or apply to vary an order as provided in section 280 to 284 of the Act, a statement of the insurer's estimate of the commuted value of the benefit and an explanation of hoe the insurer determined the commuted value.

If your loved one was fatally injured at work, you may also be able to recover permanent total disability as death benefits for a period of time or in a lump sum amount.

Generally speaking, the full amount of the benefits is paid out in one lump sum in order to precede the expected demise of the policy holder.

Available in lump - sum benefit amounts from $ 20,000 to $ 100,000 and may not exceed the term face amount for the base insured or other insured.

These give you a one - time lump - sum amount along with the term insurance benefit, in the event of an accidental death or an accident leading to permanent disability.

Some factors that are considered by the provider are the type of business you are in, the benefit amount, the benefit period (monthly or lump sum), the elimination period, the definition of total disability, etc..

The death benefit for a life insurance policy is typically provided in a lump sum equal to the amount of the policy.

Life insurance is a type of insurance in which you pay a certain amount (premium payments) to a life insurance company and in exchange they agree to pay a lump - sum payment (the death benefit) to your beneficiaries upon your death.

A death benefit on your insurance policy is an amount of money that may be paid out in a single lump sum...

If the policyholder dies while the policy is in force, the coverage amount (grimly called a «death benefit») is paid out in one tax - free lump sum to the beneficiaries named in the policy.

The nominee can choose either to receive annuity payouts from the death benefit partly or in full or withdraw the lump sum amount

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 requiBenefits 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 requibenefits 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.

This HDFC life term plan provides a lump sum amount as the death benefit to the family in the event of death of the insured.

In the event of insured's death, the insurer offers a lump - sum amount to the beneficiaries, which is called death benefit.

The fixed amount paid by latter to the former is referred to as the premium payment and the lump - sum amount paid to the nominee in the event of the death of the latter if referred to as the death benefit.

A convalescence benefit is provided in the form of a lump sum amount if the insured person is hospitalized for more than 20 continuous days

If you were to pass away or lose a limb or two in an accident, this benefit would make a lump sum amount payment to your family or you.

No one can predict what may happen tomorrow and a life insurance plan will help you with a lump sum amount as the death benefit in case your loved one passes away.

In case of such an accident, the flight accident insurance provides a lump sum benefit amount for you or your beneficiary.

The long - term care benefit is usually a percentage of the lump sum amount of dollars in the policy.

In fact, with this new benefits plan, you can provide the employees you count on every day with a lump - sum amount of up to $ 10,000 to help with expenses related to the covered critical illnesses: heart attack, stroke, invasive cancer, major organ transplant (including heart), or end - stage renal (kidney) disease.

Critical Illness Insurance policies give you the additional financial benefits and provide a lump sum amount to cover the costs incurred during treatment and care, recuperation aids and even offer funds in case you are not in a position to earn money due to your health problem.

Upon the death of the insured / annuitant, the insurance company pays the contract beneficiary (s) the death benefit amount either in a lump sum or over a set number of years.

Like in case of critical illness benefit plan, the entire sum insured amount is paid in lump sum on first diagnosis of the any one of the listed critical illnesses.

It's also worth considering buying a larger death benefit than your beneficiaries will need because life insurance benefits are paid out in a tax - free lump sum, and if invested, can reap a significant amount of interest even in the very first year.

In the unfortunate event of his demise during the policy term, his nominee will receive a lump sum amount as death benefit.

The premium payment is annual for 30 years of the policy tenure In case of all the above 9 options, the death benefit amount will be paid in lump sum on diagnosis of terminal illnesIn case of all the above 9 options, the death benefit amount will be paid in lump sum on diagnosis of terminal illnesin lump sum on diagnosis of terminal illness.

Life Cover: This is the most important benefit of life insurance where nominee of the policyholder gets a lump sum amount in case of an unfortunate death of the policyholder.

The nominee on receiving the Death Benefit may withdraw the entire proceeds in a lump sum; or they may utilize the amount (partly or wholly) to purchase an annuity at the then prevailing rate from the Company.

In case, any of the mentioned Critical Illness occurs, the Benefit is paid to you as a Lump sum amount, as selected during the inception, heedless of the death benefit payout option you choose, subject to the policy being in function and the payment is made for all the due paymentIn case, any of the mentioned Critical Illness occurs, the Benefit is paid to you as a Lump sum amount, as selected during the inception, heedless of the death benefit payout option you choose, subject to the policy being in function and the payment is made for all the due paBenefit is paid to you as a Lump sum amount, as selected during the inception, heedless of the death benefit payout option you choose, subject to the policy being in function and the payment is made for all the due pabenefit payout option you choose, subject to the policy being in function and the payment is made for all the due paymentin function and the payment is made for all the due payments.

The life company may take some time to investigate the circumstances of the death but, if all passes muster, then the insurer will pay out the death benefit or protection amount in a lump sum or in annual payments.

In the case of death of the insured before the date of the maturity, then the benefits of death that are payable to the nominees in a lump sum amount are as followIn the case of death of the insured before the date of the maturity, then the benefits of death that are payable to the nominees in a lump sum amount are as followin a lump sum amount are as follows:

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.

Immediate annuity plan = In immediate annuity plan, if you are above 30 years, you can pay a lump sum amount and then start earning annuity benefits immediately after retirement.