Sentences with phrase «benefits as a lump»

If you're under 55 when you leave your company, you'll be offered the option of taking your pension benefit as a lump - sum payment.

Unfortunately, many, if not most, companies that have a lump sum option offer only an either - or choice: take your entire pension benefit as a lump or lifetime payments.

In addition to these restrictions, if the pension account contains unrestricted non-preserved benefits the member is able to choose to partially commute the TRIS to cash their unrestricted non-preserved benefits as a lump sum from their TRIS at any time.

From 1 July 2017, individuals will no longer be able to elect to treat superannuation income stream benefits as a lump sum for tax purposes.

Non-dependent beneficiaries will only be able to receive super death benefits as a lump sum.

Upon your retirement, you will normally receive your benefit as a lump sum.

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

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.

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

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

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

Upon maturity, the insurer will have an option to receive the maturity benefit as a Lump Sum or as structured payment, using the settlement option.

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.

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

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

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.

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

In case of an untimely demise of the life assured the nominee shall receive the rider benefit as lump sum.

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

Maturity Benefit: The policy provides an option to get benefit as lump sum or as a monthly benefit or both.

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 pay.

You may take up to 1 / 3rd * of vesting benefit as a lump sum and purchase an immediate annuity from us with the balance amount at the then prevailing annuity rates under any immediate annuity plan available on sale then.

In case, the major stage of cancer is diagnosed, dual benefit as lump - sum payout plus income is paid to the insured.

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.

Option 2: Receive 50 % of the Guaranteed Death Benefit as a lump sum and 0.42 % of Guaranteed Death Benefit as monthly income for the next 10 years increasing at 8.50 % p.a. (simple rate) every year starting from the policy anniversary following the date of death of the life insured

If you pass away during the term of your policy, your beneficiaries will receive the death benefit as a lump sum (find out How to Collect a Life Insurance Payout).

Alternatively, the policyholder has the option to take the discounted value, calculated at 9 % p.a, of outstanding future survival benefits as lump sum.

You can receive this benefit as a lump sum or in installments by opting «Settlement Option».

You also have the option to receive the maturity benefit as a lump sum or structured payout through settlement option.

The policyholder has the option to choose the proportion of death benefit as a lump sum, subject to a minimum of 1 % and maximum of 99 %.

Lump Sum Option: In the event of death of the life Insured, 100 % Guaranteed Death Benefit as a lump sum is paid to the nominee / family.

In the event of death of the life insured during the policy term, the Death Benefit as a lump sum is payable to the nominee, which is higher of the sum assured or single premium fund value Plus higher of top - up premium sum assured or top - up premium fund value, if any.

The policyholder can choose whether the nominee receives the benefit as a lump sum or as regular payouts.

With life insurance, you have the ability to receive the death benefit as a lump sum, or over time, similar to a pension or annuity.

Option B - Lump sum Payment: You can opt to receive the maturity benefit as a lump sum at the end of the policy term.

Additionally, under a child plan, the policy holder or the beneficiary has an option of taking the maturity benefit as lump sum or in instalments over a few years.

On the completion of the policy term, the life insured may choose to receive the commuted value of the Income Benefit as a lump sum or continue with the income benefit only.

You have the option to receive this benefit as a lump sum or periodical installments by opting «Settlement Option».

In the event of death of the life insured during the policy term, the Death Benefit as a lump sum is payable to the nominee, which is higher of the sum assured or regular premium fund value Plus higher of top - up premium sum assured or top - up premium fund value, if any.

The nominee also has the option to claim the death benefit as lump sum instead of instalments.

This plan provides the maturity benefit as a lump sum plus life cover.

The nominee has an option to use the death benefit, fully or partly, for purchasing an immediate annuity or can withdraw the entire death benefit as a lump sum.

If you want to receive the outstanding maturity benefit as a lump sum at any time during the payout period, the discounted value @ 9 % per annum discount rate is payable.

In the event of death of the life insured during the policy term, the death benefit as a lump sum is payable to the nominee / legal heir.

Accidental Death (AD) Benefit: In case of death due to an accident, insurer will pay your nominee / legal heir Accidental Death (AD) Benefit as a lump sum.This benefit is inbuilt in Life Plus Option and All in one option of the plan.

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

You can receive this benefit as a lump sum, as periodic installments by using «Settlement Option» or combination of both options.

You can receive this benefit as a lump sum or in installments by opting for «Settlement Option»