Sentences with phrase «generally in a lump sum payment»

When death occurs, the death benefit will be paid out to the beneficiary, generally in a lump sum payment.

When death occurs, the death benefit will be paid out to the beneficiary, generally in a lump sum payment.

Not exact matches

Legal expenses incurred to obtain a lump - sum settlement are generally not deductible unless the lump - sum payment specifically relates to a number of periodic child support payments that were in arrears.

Some creditors may allow for the structuring of a debt settlement in an installment plan rather than as a lump sum payment, but generally, a creditor will accept a lower amount if you offer a lump sum payment rather than an install plan spread out over several months.

People generally choose to set up this kind of annuity if they experience a large one - time lump sum payment in their lives, such as a significant inheritance, the sale of a business, or even winning the lottery.

Generally, an annuity works like this: You purchase the annuity, either in a lump sum or a series of payments.

Generally, once a critical illness is medically diagnosed then lump sum payment is paid and that rider cease to exist and in most of the plans the base life cover will continue.

Generally, a single payment loan is used for short term, temporary financing and is repaid with interest in one lump sum at the end of the term.