Sentences with phrase «free lump sums of money»

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

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

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.

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

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.

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

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

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 main purpose of life insurance is to provide a tax - free lump sum of money to your loved ones, and you're putting that at risk when you take out a loan.

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.

Term life insurance is particularly worth it because it's the most affordable type of life insurance available that provides a tax - free lump sum of money for a financial safety net.

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

Not exact matches

In some cases, unscrupulous brokers hold «free lunch» seminars in which they offer reckless advice, like recommending retirees cash out of their 401 (k) planor take a lump - sum payment for the cash value of their pension and use the money to open an IRA through them.

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.

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.

The lump sum payments are basically free money regardless of whether you can dollar cost average it, anyway so you are getting a good return.

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.

The death benefit provided by a life insurance policy is a lump sum of money that's tax - free.

When most people think of life insurance, they think of getting a lump sum of tax - free money that families can use to pay off debts and plan for their futures.

The death benefit provided by a life insurance policy is a lump sum of money that's tax - free.

This coverage is known as critical illness coverage and provides buyers with a lump sum of money — which they are free to spend as they wish — should they survive a predetermined critical illness.

This money is paid in a lump - sum and is a tax - free payment since the money is a return of premiums paid with after - tax dollars.

Since the lump - sum payment is considered a return of post-tax dollars, the money is paid on a tax - free basis.

If there's someone who would stand to benefit from a lump sum of tax - free money to complete these financial plans, you need to buy life insurance.