Sentences with phrase «due in a lump sum payment»

Another form is the option to use the cash value of the policy to prepay the remaining balance of premiums due in a lump sum payment.

Not exact matches

Many enter into balloon car loans thinking that they'll see an increase in their income by the time the payment is due, often leaving themselves unable to pay down the lump sum.

Many enter into balloon car loans thinking that they'll see an increase in their income by the time the payment is due, often leaving themselves unable to pay down the lump sum.

When the due date for your guaranteed bad credit loan arrives, you will make one lump sum payment to the lender and the loan will be covered in full.

After the short term expires, the remainder of the balance is due in one lump sum or «balloon payment».

Also, if the buyer makes a balloon payment, all of the taxes due on that balloon will be due in one lump sum payment, negating the contract's key tax benefit.

On the one hand, filing for chapter 13 bankruptcy can help you save a home from foreclosure by forcing your lender to take past due mortgage payments in small increments over a 3 - 5 year period rather than forcing you to pay back what you owe in a lump sum right away.

Under Internal Revenue Code (IRC) section 104 (a)(2), gross taxable income does not include damages received in a lump sum or through periodic payments due to physical illness or injury.

This credit does not have monthly payments of a set figure, but instead is due all at once in a lump sum payment of the full amount owed.

For payday and auto title loans that are due in one lump sum, full payment means being able to afford to pay the total loan amount, plus fees and finance charges within two weeks or a month.

Filing a bankruptcy can save both of these assets by allowing you to catch up the past due payments over 60 months rather than trying to pay the entire past due balance in one lump sum payment.

Get a lump - sum payment on top of your normal health plan coverage in case you're hospitalized due to an accident or illness.

A balance transfer card allows you to pay down debt gradually without a lump sum coming due in a matter of weeks, and making timely monthly payments is a great way to rebuild your credit.

Repayment options You'll need to decide when payments are due or if you want the loan to be repaid in one lump sum.

Interest was to accrue on any late payments and the entirety of the remaining balance of the lump sum outstanding was to fall due in the event of any payment becoming more than 14 days overdue.

Disability income insurance: Insurance that provides periodic payments, or in some cases a lump - sum payment, based on the insured's income replacement needs, when the insured is unable to work due to illness or injury.

Lump sum payment to the quantum of 100 % of capital sum insured in case of job loss caused due to accident.

The benefit is that there will not be any lump sum payment due at the time of issue, as there will be with an original age policy in most cases.

The caveat to this is that a lump sum payment will be due in most cases when the policy is issued.

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 paymentin function and the payment is made for all the due payments.

It pays a lump sum payment in case of unfortunate death helping your family to take care of the financial loss occurred due to your unfortunate demise.

In calculating your finances, you should take into account the payment of any tax that is due and the fact that this amount may have to be paid in one lump suIn calculating your finances, you should take into account the payment of any tax that is due and the fact that this amount may have to be paid in one lump suin one lump sum.

If you are receiving maintenance payments only, the tax due is payable directly in one lump sum under the self assessment procedures.

To close the deal, the seller could agree to «carry back «a second mortgage of $ 10,000 at a 12 percent interest rate, with interest - only payments due each month and a lump - sum «balloon «payment of $ 10,000 due in five years.