Sentences with phrase «form of a lump sum payment»

These insurance policies can provide coverage in the form of a lump sum payment in the event that you are diagnosed with specific diseases considered life threatening, such as cancer, heart disease, diabetes, stroke, kidney failure or Alzheimer's disease.

A term life insurance payout is another form of a lump sum payment, once it's paid out to your beneficiary they can use it to pay for anything.

Not exact matches

A self - managed super fund (SMSF) can pay benefits in the form of a lump sum, an income stream (pension) or a combination of both, provided the payment is allowed under super law and the fund's trust deed.

This new home loan pays off your current mortgage balance and lets you access the equity in your home in the form of a lump - sum cash payment at closing.

Colleges can choose to disburse grant funds in the form of a single lump sum payment or disbursement (equal installments) by sending federal financial funds to your school and crediting them to your account.

OPM will send the appropriate forms for claiming a survivor annuity or a lump - sum payment of retirement contributions, if applicable.

When an individual wants to cash out of an annuity, he or she can withdraw a lump sum or withdraw in the form of payments for a specific period of time, providing a steady and reliable income stream.»

A reverse mortgage, also called a home equity conversion mortgage (HECM), lets seniors who are at least 62 years old access the home equity from their primary residence in the form of a lump sum, a line of credit, a stream of monthly payments or some combination of these.

SIP plans provide a systematic form of investment where you can organize or plan your investment and break into smaller payments rather than invest a huge lump - sum amount in one go.

FHA Home Equity Conversion Mortgage Program For Senior Homeowners - The Home Equity Conversion Mortgage program enables older homeowners to withdraw some of the equity in their home in the form of monthly payments for a fixed term, or life, or in a lump sum, or through a line of credit.

The tax - free income generated from the equity in the form of a loan is then available to the senior as a lump sum, fixed monthly payments, a line of credit, or a combination of these payment options.

The Home Equity Conversion Mortgage program enables older homeowners to withdraw some of the equity in their home in the form of monthly payments for life or a fixed term, or in a lump sum, or through a line of credit.

Simply put, an annuity is an insurance product that can be purchased to provide a sum of money either in the form of a lump - sum or ongoing contributions, such as in the form of monthly or annual payments used as income in retirement.

Instead of you making monthly mortgage payments, the lender pays you in the form of fixed monthly payments for the rest of your life, or as a lump sum or a line of credit that can be tapped when needed (up to a certain limit).

You can receive your funds in one of three ways (lump sum, periodic payments, line of credit) and your degree of responsibility can help you determine which form of «payment» is right for you.

Written By: Larry Klein in Walnut Creek, CA There are 2 types of annuity buyers that end up with annuities they would like to sell (and you could be the buyer): Those people who buy immediate annuities and then later decide they desire the cash rather than monthly or annual payments over time Those people who get legal settlements in the form of an annuity and they prefer to have a lump sum of cash You can be the buyer of such «secondary annuities» and...

It is difficult to discern from media reports the precise nature of the contractual entitlement, but it sounds to me as if the termination provision here simply calls for two years of pay with no requirement to mitigate, likely either by lump sum payment, or in the form of salary continuation.

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.

Visit our website for more information on critical illnesses and a form of insurance that pays a tax - free lump sum payment upon diagnosis of cancer.

Beneficiaries have the option to receive death benefit proceeds either in the form of a lump sum, one - time payment, or as a continuation of monthly or annual annuity payments paid directly to them.

Another endorsement — the Income Protection Option (IPO)-- will allow the policy owner to choose a specific form of payout for the policy's death benefit, including either a lump sum at various times or monthly payments to the beneficiary, at the time of policy issue.

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.

Settlement Options at Maturity to either receive the payout in lump sum or in the form of periodical payments

There are alternative forms of critical illness insurance to the lump sum cash payment model.

Payment to beneficiaries could be in the form of a lump sum, or as a continuation of monthly or annual payments paid directly to them.

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.

During divorce proceedings, Florida courts may award alimony to either party in the form of periodic payments, payments in lump sum, or both.