Sentences with phrase «free lump»

Upon the death of the insured, the insurer pays an income tax free lump sum death benefit to the beneficiary.

A tax free lump sum amount equal to sum assured and accumulated bonuses will be given on maturity.

A tax - free lump sum of money is given out after the policyholder dies.

Of course, if you are a real DIY enthusiast you could always spend Christmas scouring Britain's North Sea beaches for the odd free lump of Baltic amber thrown up by storms.

Used to preach, buy term, invest the difference... But a permanent death benefit, cash values, tax free loans, tax free lump sum payment to beneficiary, privacy of beneficiary info, very difficult for others to get at your cash value, ability to fund very high amounts with tax benefits, cheaper while you are younger / healthy, paid up additions, Potential less premium with IUL and index gains potential, or Whole Life and pay more for insurance, but higher dividends...

Is the fee too much for the tax free lump of cash in a cash out refinance?

We believe that, as well as the obvious benefit of a tax - free lump sum when your baby grows to age 18, saving for your child helps to educate them about the importance of money and preparing for their future, helping to set up positive habits from a young age.

Until now, widowed parents would receive a tax - free lump sum of # 2,000, followed by # 113.70 a week, depending on the National Insurance contributions paid by their deceased partner.

Newly bereaved parents who were married or civilly partnered will now receive a tax - free lump sum of # 3,500 followed by # 350 a month for just 18 months.

Under the existing rules, up to 25 per cent of the fund could be taken as a tax free lump sum and the remainder would, in the majority of cases, be required to be used to purchase an annuity.

Universal life insurance pays out a tax - free lump sum to your beneficiaries when you die, called a «death benefit.»

The 25 % limit for a tax - free lump sum applies to the total you are taking out at that point: if you have # 200K and are taking out # 100K, you can take out # 25K as a tax - free lump sum and use # 75K for the annuity.

* Optional 25 % tax - free lump sum when age 55 - Income tax on remaining pension withdrawals will be applied based on your personal tax rate.

Provides tax free lump sum to the beneficiary, the amount is predetermined.

If you had Critical Illness Insurance you would not feel the major financial impact, as you would have received tax - free lump sum.

You pay a monthly premium - $ 500,000 of coverage for a twenty - year term will cost around $ 30 per month for a healthy male in their mid-30s - and, in return, your survivors will receive a tax - free lump sum of money if you die during the term.

Term life insurance covers you for a specific period of time — in this case, until your student loans are paid off — and gives your survivors a tax - free lump sum of money that they can use to pay off your debts.

The death benefit is a tax - free lump of cash that can be used to immediately pay off your child's student loans.

If a member has a terminal medical condition and two medical professionals certify that the condition is likely to result in the member's death in the next 24 months, the balance of their super account may be paid as a tax - free lump sum benefit.

If you receive Centrelink payments, you could request an interest - free lump sum payment to buy the item you need.

If the policyholder dies while the policy is in force, the coverage amount (grimly called a «death benefit») is paid out in one tax - free lump sum to the beneficiaries named in the policy.

If the policyholder dies while the policy is active, the insurer pays out a tax - free lump sum of money — the death benefit.

You will receive a lifetime income stream, cover your RMDs, and your beneficiaries will get a tax - free lump sum death benefit from your life insurance policy upon your passing.

Disability insurance provides a monthly income if you're unable to work due to a serious injury or illness, while critical illness insurance pays out a tax - free lump sum payment following the diagnosis of one of several illnesses covered by your policy.

You can also purchase critical illness insurance, which pays a tax - free lump sum if you're diagnosed with one of several illnesses covered by your policy (such as cancer, stroke and heart disease).

Life insurance provides a tax - free lump sum of money to your loved ones in the event of your death, allowing them to continue toward their financial goals.

Typically this is on 1 / 80ths so if you work for 40 years you retire on half pay — and have a tax - free lump sum as well.

The life insurance death benefit is a tax - free lump sum payment - usually.

If the policyholder dies during the policy term, the death benefit, a tax - free lump sum of money, is paid out to named beneficiaries.

Life insurance death benefit proceeds are typically tax - free lump sums of money paid to beneficiaries.

I have now sent off the necessary paperwork to start taking out income from my SIPP, so I should soon receive the illustration from them and as long as this doesn't show any problems will be getting my tax free lump sum and a regular income.

Lifetime tax relief to be cut from # 1.25 m to # 1m (Labour could also cut the annual allowance to # 30k); Lib Dems have ruled out scrapping the 25 % tax - free lump sum

Employers — don't make any promises about tax - free lump sums that you may not be able to keep.

You can also purchase critical illness insurance, which pays a tax - free lump sum if you're diagnosed with one of several illnesses covered by your policy (such as cancer, stroke and heart disease).

An insurance policy provides a tax - free lump sum to a named beneficiary that could be used towards funding college in the event of the death of a parent.

When the insured dies, the beneficiary or beneficiaries receive an immediate tax - free lump sum for the full face amount of the policy.

It can provide a tax - free lump sum to your family, which they can use to pay for college, the mortgage, and day - to - day expenses.

The plan provides a tax - free lump sum living benefit to the owner of the plan on the occurrence of the first of the covered illnesses of the insured, provided the insured survives the waiting period following the onset of the critical illness.

If the policyholder dies while the policy is active, the insurer pays out a tax - free lump sum of money — the death benefit.

If the policyholder dies while the policy is in force, the coverage amount (grimly called a «death benefit») is paid out in one tax - free lump sum to the beneficiaries named in the policy.

Life insurance death benefit proceeds are typically tax - free lump sums of money paid to beneficiaries.

If the policyholder dies during the policy term, the death benefit, a tax - free lump sum of money, is paid out to named beneficiaries.

The life insurance death benefit is a tax - free lump sum payment - usually.

Remember that a life insurance benefit is a tax - free lump sum of money that can be used for anything.

It's narrower than a traditional term life insurance policy, which covers a variety of expenses via a tax - free lump sum of cash paid (known as the death benefit) to a loved one after your death.

Term life insurance covers you for a specific period of time — in this case, until your student loans are paid off — and gives your survivors a tax - free lump sum of money that they can use to pay off your debts.

Tax benefits can be availed on premiums paid — investors can receive up to 1 / 3rd of the accumulated value on retirement date as a tax - free lump sum as per prevailing income tax laws