Sentences with phrase «free lump sum amount»

With optional health covers along with this plan, you can get a tax - free lump sum amount if diagnosed with serious illnesses.

Not exact matches

There are many websites on the Internet that promise of providing a free dating facility but end up shading a lump sum amount of money from your pocket.

Most people choose a lump sum disbursement — they get the entire amount at once, tax - free, divided between the number of beneficiaries.

Your fund does not have to give you a payment summary when they make a tax - free super lump sum payment and you don't need to include the amount on your tax return.

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

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.

Taking a lump sum greater than the tax - free amount from your pension would mean that some of the money would be taken in tax.

You can pay the agreed amount up front or in lump sum and be debt free.

If you pay a lump sum death benefit to a dependant, the whole amount is tax - free.

If the lump sum is in part attributable to a crystallised pre-July 1983 amount, when you are working out the tax - free component, the amount that is attributable to the crystallised segment of the super interest is ignored.

The Guest is free to prove that the Hotel did not suffer any damage, or that the damage incurred to the Hotel amounts to less than the lump - sum revocation compensation claimed.

Most people choose a lump sum disbursement — they get the entire amount at once, tax - free, divided between the number of beneficiaries.

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.

Normally, when the policyholder dies, the death benefit is paid to the beneficiaries as a tax - free, lump - sum amount (or, sometimes, a series of payments) and that's the end of the transaction.

You would receive this amount as a tax free lump sum.

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...

It's also worth considering buying a larger death benefit than your beneficiaries will need because life insurance benefits are paid out in a tax - free lump sum, and if invested, can reap a significant amount of interest even in the very first year.

In any event, irrespective of whether the life insurance proceeds are obtained as one lump sum or in an installment option, the primary amount of the proceeds is generally free to the beneficiary of federal income taxation.

Moreover, as per section 10 (10D) of the income tax act, the lump sum amount that one gets as survival benefit during maturity is also tax free.

A guaranteed plan that first gives you regular, increasing and tax free income for 20 years & then pays you a lump sum amount twice in the policy.

You have the option to take up to 1 / 3rd of the benefit as tax - free lump sum as per the current income tax regulations and use the remaining amount to purchase annuity at the prevailing annuity rate.

You can take up to 1 / 3rd of the vesting benefit as tax - free lump sum and use the remaining amount to purchase annuity at the prevailing annuity rate.

On staying invested for a chosen policy term, you get a tax free guaranteed lump sum amount on maturity, which is paid to you as a combination of: