If your home appreciates, you will pay Point back the
lump sum you were given as well as a
certain percentage of the home's current
value.
For example, their Saver's Bridge Short - Term Medical policy allows up to $ 2 million in lifetime benefits while the Critical Illness policy offers a
lump sum benefit if you happen to be struck down by multiple sclerosis, cancer, paralysis, deafness, blindness, stroke, major organ transplant, coronary artery bypass (only a
certain percentage of the
value), or a heart attack.
The idea behind a
lump -
sum settlement is the time
value of money; for a variety of reasons, some custodial parents would prefer to receive a
certain sum of money up front rather than a lesser amount trickled in over time.