Sentences with phrase «company in a lump sum payment»

This policy will also pay off your mortgage, directly to the mortgage company in a lump sum payment usually.

Not exact matches

You give an insurance company money in a lump sum or in payments over a period of years, then at retirement, the cash gets «annuitized,» or paid out in a string of payments based on your life expectancy.

The premise behind an immediate annuity is simple: You invest a lump sum of money with an insurance company (although you would actually do so through an adviser, a broker or insurance agent) and in return you receive a guaranteed monthly payment for life regardless of how the financial markets perform.

In an immediate annuity, the purchaser gives an insurance company a lump sum of cash and receives payments until they die.

Another method is the lump sum payment, in which the investor's funds are transferred to an insurance company to purchase a revenue stream.

Debt - settlement companies tend to hold monthly payments from you until they have a lump sum they can offer a creditor in exchange for a settlement.

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).

An annuity is financial contract in which an investor pays a lump sum of money to an insurance company in return for a series of future payments.

An immediate annuity is a contract between you and an annuity issuer (an insurance company) to which you pay a single lump sum of cash in exchange for the issuer's promise to make payments to you (or the annuitant) for a fixed period of time or for the life of the annuitant.

Annuities are contractual agreements in which payment (s) are made to an insurance company, which agrees to pay out an income or a lump sum amount at a later date.

If you have a policy you no longer want you can also sell it to a life settlement company in return for a lump sum payment.

Debt settlement companies approach your creditors and negotiate a plan in which each creditor agrees to cancel the loan for less than what you owe in exchange for a lump sum payment.

An annuity is usually a series of regular payments to you by a life insurance company in return for a lump sum payment.

You make payments on the policy and, in return, the insurance company provides a lump - sum payment, also called a death benefit, to the beneficiaries you have chosen upon the death of the insured.

It is a contractual agreement in which payment (s) are made to an insurance company, which agrees to pay out an income or a lump sum amount at a later date.

Furthermore, a quarter of those homeowners with mortgages have managed to make a lump sum payment or accelerate their mortgage payments in the past year, according to a survey sponsored by Genworth Financial Mortgage Insurance Company Canada («Genworth Financial Canada»).

This is different from debt negotiation in that a debt negotiation company has you make payments into a trust account and then pays the creditor in a lump sum at a reduced rate.

In the event you have a company pension, should you take it in monthly payments for life or in a lump suIn the event you have a company pension, should you take it in monthly payments for life or in a lump suin monthly payments for life or in a lump suin a lump sum?

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

Pension plan members in the private sector need to at least consider the risk of their company being able to fund their pension payments for life if they have the opportunity to commute their pension and otherwise take a lump - sum payout upon leaving the plan.

Annuities are like pensions in that monthly payments are pre-determined and made to you by the insurance company based on the lump - sum that you give them up front.

You can think of an annuity as the reverse: you pay the insurance company a lump sum amount in exchange for a stream of payments until you die.

Most people know that a life insurance policy pays out a lump sum amount in exchange for a stream of payments to the insurance company.

In some circumstances, it is possible to negotiate directly with your credit card company to either get a different payment arrangement or to settle your balance for a lower lump sum.

A debt settlement for less than the full balance owed gives a debt collection company the opportunity to collect a lump sum payment in one big payment, and creditors often don't turn down a lump sum chunk of cash!

Designed to prevent the risk of outliving your income, annuities work by giving a lump sum or series of payments to an insurance company, and in return, the insurer agrees to pay you a guaranteed income for a certain length of time (or even for the rest of your life).

You can finance the cost of the insurance, paying an additional amount on top of your mortgage payment, you can pay the insurance premium in one lump sum each year, or you may be able to set up separate monthly payments with the lender or the private mortgage insurance company.

In essence, annuities are contractual agreements in which payment (s) are made to an insurance company, which agrees to pay out an income or lump sum amount at a later datIn essence, annuities are contractual agreements in which payment (s) are made to an insurance company, which agrees to pay out an income or lump sum amount at a later datin which payment (s) are made to an insurance company, which agrees to pay out an income or lump sum amount at a later date.

In essence, annuities are contractual agreements in which payment (s) are made to an insurance company, which agrees to pay out an income or a lump sum amount at a later datIn essence, annuities are contractual agreements in which payment (s) are made to an insurance company, which agrees to pay out an income or a lump sum amount at a later datin which payment (s) are made to an insurance company, which agrees to pay out an income or a lump sum amount at a later date.

After payments begin, recipients have the option to sell all or a portion of their structured settlement payments to a third - party funder, such as a structured settlement / factoring company, in order to access cash in a lump sum.

A contract sold by a life insurance company in which an insured makes contributions into a fund that can then be withdrawn in a lump sum or a series of future payments.

In return for investing a lump sum (or premium, as it's known in annuity - speak) with an insurance company, you receive payments that begin at once and continue for lifIn return for investing a lump sum (or premium, as it's known in annuity - speak) with an insurance company, you receive payments that begin at once and continue for lifin annuity - speak) with an insurance company, you receive payments that begin at once and continue 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.

Mr. MacLean succeeded in having the court use all of the companies pre-tax profits for the SSAG calculation based on BCCA law from the cases of Klukas and Teja, defeating the husband's spousal support claim that double dipping applied to BC spousal support and a lower BC spousal and BC child support payment should thus be paid, blocking any $ 350,000 cap argument where BC spousal support is not increased on high salaries above $ 350,000 per year and finally in having the child support portion of the order made retroactive so a large lump sum payment was received for the children's benefit.

This company will allow only one election per policy for terminal illness and the payment will be paid in a lump sum.

In exchange for paying premiums on a policy, the insurance company provides a lump - sum payment (far in excess of what you paid in), known as a death benefit, to beneficiaries upon the insured's deatIn exchange for paying premiums on a policy, the insurance company provides a lump - sum payment (far in excess of what you paid in), known as a death benefit, to beneficiaries upon the insured's deatin excess of what you paid in), known as a death benefit, to beneficiaries upon the insured's deatin), known as a death benefit, to beneficiaries upon the insured's death.

If the company Dennis worked for had a workers» compensation insurance plan in place, it would cover the cost of all medical procedures; in cases such as this, it would also pay out a lump sum payment for a permanent disfigurement.

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.

The benefit provides a payment of Rs. 1 lakhs of the Sum Assured in lump sum to the nominee within 48 hours of death of the insured if the company has been duly notified.

Designed to prevent the risk of outliving your income, annuities work by giving a lump sum or series of payments to an insurance company, and in return, the insurer agrees to pay you a guaranteed income for a certain length of time (or even for the rest of your life).

Lump Sum Payment: If all of the payouts are in the form of monthly income, then this lump sum amount includes the bonus amounts that may have been declared by the insurance compLump Sum Payment: If all of the payouts are in the form of monthly income, then this lump sum amount includes the bonus amounts that may have been declared by the insurance complump sum amount includes the bonus amounts that may have been declared by the insurance company.

Most insurance companies in India offer online money income plans that help the insured and his or her nominees to get a guaranteed monthly income along with a lump sum payment, if the plan allows, at the end of the plan tenure.

In a typical immediate annuity contract, an individual would pay a lump sum or a series of payments (sometimes called annuity considerations) to an insurance company, and in return pay the annuitant a series of periodic payments for the rest of their lifIn a typical immediate annuity contract, an individual would pay a lump sum or a series of payments (sometimes called annuity considerations) to an insurance company, and in return pay the annuitant a series of periodic payments for the rest of their lifin return pay the annuitant a series of periodic payments for the rest of their life.

The Critical Illness Rider will direct the insurance company to pay you a lump sum payment if you're diagnosed with one of the major illnesses named in the life insurance policy such as cancer, heart attack, stroke, kidney failure and a number of others.

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.

In exchange for premium payments, the insurance company presents a lump - sum payment, known as a death benefit to beneficiaries upon the event of the insured's death.

In major disaster claims, insurance companies have also been known to make things easier and may just provide you with the cheque or a lump sum payment to get you started with essentials because especially in times of disaster, claims can take time and insurers can be reasonable when needed if you maintain good communicatioIn major disaster claims, insurance companies have also been known to make things easier and may just provide you with the cheque or a lump sum payment to get you started with essentials because especially in times of disaster, claims can take time and insurers can be reasonable when needed if you maintain good communicatioin times of disaster, claims can take time and insurers can be reasonable when needed if you maintain good communication.

This means if the family needs the money to come in the form of a lump sum, regular payments or a mix of regular payment and lump sum, the life insurance company should be able to provide it.

This is because in case of one - time or annual premium payments, the insurance company saves on administrative costs and also gets a lump sum amount in advance for the full year, as opposed to the quarterly or monthly payment options.

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.