Sentences with phrase «by lump sum premium»

Not exact matches

You (the annuity owner) make a lump - sum payment or a series of premium payments to an annuity issuer (the insurance company), which will accumulate earnings at a fixed interest rate (a fixed annuity) or a variable rate determined by the growth (or losses) in investment options known as subaccounts (a variable annuity).

Deferred Lifetime Annuity: An account that is funded by one lump sum or multiple premiums.

A SPIA, or single premium immediate annuity, is designed to generate instant income during retirement by taking a lump sum of money and converting it into systematic payments that continue for a specified period of time or for the life of the insured individual.

Single premium PMI means you pay the mortgage insurance premium upfront in a lump sum, either in cash or by financing it into your loan amount.

You may be billed monthly, annually, by an initial lump sum, or some combination of these practices for your mortgage insurance premium.

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.

A premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

Each year that you wait to convert, your potential premium costs may increase by up to 15 percent, based on your age (unless you opt to pay a lump sum to the insurer to avoid using your current age).

A standard fixed annuity is an insurance contract that allows an individual to pay premiums — either in a lump sum or by monthly installments — and obtain set income payments for life.

Premiums are the fixed periodic payment made to the insurance company in return of the lump sum payment offered by the insurer to the beneficiary at the time of demise of the insured person.

Bundling your home and auto insurance can lower your rate by anywhere from five to 15 per cent, installing winter tires can save you up to five per cent, and paying your premiums in one lump sum annually is less expensive than paying month - to - month.

A premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

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.

Deferred Lifetime Annuity: An account that is funded by one lump sum or multiple premiums.

The family gets a lump sum upon the death of the parent, and the future premiums of the policy are paid by the insurance company on behalf of the policy holder.

The premium of monthly income plans include annual, half - yearly, quarterly, monthly, or lump sum amounts that are paid by the insured to the insurance company to keep the policy in force.

These diagnosis statements are produced by a physician with an expertise in that illness and the insurer is bound to pay out a lump sum amount to the insured without any additional charges on premiums.

Life Insurance is a policy provided by an insurance company, according to which in exchange for your premium payments, the insurer is obliged to pay a certain sum (a lump sum or portions of smaller sums) to your beneficiary (persons you choose) in the event of your death.

PNB MetLife Guaranteed Savings Plan is a guaranteed savings insurance plan that helps you fulfil your dreams by offering lump sum benefit on maturity along with guaranteed additions on cumulative premiums.

For instance, you may find that, instead of trying to whittle down your homeowners» insurance (which shot sky high after you placed a claim last year), you should instead concentrate on getting your auto down by doing things like taking a defensive drivers course, applying for low claims discount, and paying off your premium in a one lump sum instead of in installments.

LIC Jeevan Akshay VI policy is basically a single premium immediate annuity scheme that you can buy easily by paying a lump sum amount.

And by the way, this lump - sum payment is non-taxable to the insured because it is a return of after - tax premium payments.

This plan helps you to achieve your dreams by offering lump sum amount on maturity and also provides guaranteed additions on cumulative premiums

If policyholder dies, the child gets a lump sum that is a multiple of the annual premium — decided by the age at which the plan was bought: if between 18 and 40 years, the multiple is 10 times annual premium; till 44, it reduces to 9 times and so on.

A single premium immediate annuity is an annuity offered by insurance companies that requires one single lump sum payment in order to receive the benefit of regular payments for a certain amount of time.

A pure term insurance plan that provides life Insurance cover to you by paying a lump sum benefit to your family in case of an unfortunate death.Choice of single or regular premium payments and an additional amount in case of an accidental death.

Life Cover: If the policyholder dies during the policy term, the death benefits shall be paid to the nominee as a lump sum amount and future premium will be paid off and shall be paid by the company itself.

The various benefits of this plan include: — ● Participating whole life endowment plan ● Participation in profits by way of bonuses ● Lump sum death benefit ● Option to pay regular premium payments ● Continuity of plan even after maturity

An endowment plan will enable you to generate a lump sum corpus 20 years hence by investing a smaller sum every year as premium.

By paying for Glendale coverage in one lump sum you will receive a lower premium automatically.

Cash value is composed of a fraction of your premiums that have been invested by the insurance company into financial undertakings that can be given back to you when you withdraw it for some other purpose or, in case of whole life insurance, as a lump sum when you opt to cash in on your policy.

Boston insurance providers are also likely to charge you less if you pay your premiums in one or two lump sums rather than splitting your payments up by the month.

Option 1 - Lump Sum Death Benefit: Upon choosing lump sum death benefit option by the nominee, she will receive a one time payment of Rs 12.75 lacs (12.75 times of annualized premLump Sum Death Benefit: Upon choosing lump sum death benefit option by the nominee, she will receive a one time payment of Rs 12.75 lacs (12.75 times of annualized premlump sum death benefit option by the nominee, she will receive a one time payment of Rs 12.75 lacs (12.75 times of annualized premium)

Premiums are to be paid for the entire plan duration or a limited tenure or in one lump sum as chosen by the policyholder.

An Insurance Contract promises to pay a Lump sum Amount or Sum Assured in return for the premium paid by the policyholder in the event of an unfortunate event.

Payment is via either periodic premium payments or by a single, lump - sum payment.

Alternatively, you can take a term plan and invest in this plan with premium waiver benefit, so in case of unfortunate death, lump sum takes care of the child's growing age and immediate family contingencies and the child plan takes care of regular return at the childs stipulated age, as planned by you, without paying anything.

Cleveland insurance costs can also be reduced by paying your entire premium off in one lump sum rather than breaking your payments up by the month.

A plan that offers a lump sum at the end of the premium payment term followed by increasing guaranteed payouts until maturity and a lump sum payout at maturity.

By investing in an endowment plan, you can get the lump sum amount plus accumulated bonus or the fund value at the maturity of the policy, provided you have paid all the due premiums.

In this plan if the Life Insured, i.e. the parent dies or is diagnosed by a critical illness within the policy tenure, the nominee, i.e. the child would receive the Sum Assured in a lump sum to address the immediate needs of the family and the future premiums would be paid by the company either towards the fund or to the beneficiary.

By paying the full policy premium at one time, the insurance company will skip your credit score check and give you a large discount for the lump - sum payment at the same time.