Sentences with phrase «high lump sum amount»

Not exact matches

These optional forms can include cost - of - living increases or higher level amounts; the hypothetical account balance is not available as a lump sum except for small amounts or to the beneficiary of the participant upon his or her death before commencement.

The following features are prohibited from high - fee, high - rates loans: 1) All balloon payments - where the normal payments do not pay off the principal balance in full and a lump sum payment of more than twice the amount of the normal payments is required - for loans with less than 5 yr.

Consider buying ETFs in a lump sum, rather than a number of small amounts, to avoid higher brokerage fees.

You would make payments into the account each month and a lump sum payment is made to the creditor when the dedicated account balance is high enough to pay the settlement amount.

Whether one is investing a lump - sum amount or a series of periodic amounts, the arithmetic of investment expenses is compelling... Under plausible conditions, a person saving for retirement who chooses low - cost investments could have a standard of living throughout retirement more than 20 % higher than that of a comparable investor in high - cost investments.

With moderate amounts of active fund tracking risk (2.5 % / year), for the initial lump sum investment scenario, there was only about a 2 % chance that an average cost active fund would result in a slightly higher terminal value after thirty years versus the low cost passively managed fund.

During the period of the loan, you may decide that you want to make an extra lump sum payment or pay back a higher amount each month than you originally agreed with the lender.

So why don't lenders offer a true reverse mortage which would compute and lend a stream of payments (at interest of course, but hopefully a rate reflective of the low risk given the high property value / loan ratio) rather than a useless lump sum which has seniors paying pretty high mortgage interest rates on a large amount of loan, rather than a interest on the (rising) amount of loan as the stream of payments accumulated.

The amount of the lump sum is calculated according to a scale based on the applicant's age and on the assessment of his / her disablement which was made in the application for IIDB: the younger he / she is and the higher his / her disablement, the larger the award.

These plans offer a lump sum amount at maturitywhich can be used for different needs of the child ranging from higher education expenses to expenditure on marriage.

Another lump sum amount called the Higher Education Reserve is paid when the child attains 21 years of age

Basically, you paid a high premium up front in a lump sum and got a certain amount of guaranteed life insurance — it was kind of like a whole life policy that only had to be paid for once.

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...

However, she finds some solace when she receives the lump sum amount of Rs 3,30,076 as death benefit, which is calculated as higher of Sum Assured on Death or 105 % of premiums paid (excluding any extra premium).

For a higher life insurance amount, say, Rs 2 crore, the plan would pay the beneficiary the lump sum amount i.e. Rs 71 lakh.

You must be thinking that why shouldn't you opt for a term plan instead of a child insurance plan as it offers a high cover at a low cost giving out a lump - sum amount to the nominee.

On death during the policy term higher of 10 times the annual premium or 125 % of annual premiums paid till death or lumps sum amount payable on maturity

One way could be to insure them with a lump sum amount that will help them cover all the debts and at the same time save for a big life event — like higher education, marriage etc..

You can time the end of maturity period exactly when your kid completes high school so that the lump sum amount you receive helps you to pay the college tuition fee.

The Death Benefit payable is: Lump Sum Benefit: The higher of Sum Assured (including Top - up Sum Assured) or Minimum Death Benefit is payable as a lump sum amoLump Sum Benefit: The higher of Sum Assured (including Top - up Sum Assured) or Minimum Death Benefit is payable as a lump sum amolump sum amount.

Option 1: Lump sum Amount on death: Guaranteed Death Benefit (The Guaranteed Death Benefit is the Sum Assured on Death which is the highest of Sum Assured or Maturity Sum Assured or 10 times the annual premium payable or 105 % of total premiums paid to date)

This lump sum amount is the highest of 125 % of annualized premiums paid (as on the date of death), 10 times of annualized premium, or Lumpsum amount available at maturity.

Under lump - sum benefit option, a lump - sum amount equal to the sum assured will be paid on the death of the life insured and policy will then liable to terminate.The sum assured in this policy will be higher of 10 times the annualized premium, or 105 % of the annualized premiums.

These payouts could serve as a second income and also help in paying his child's school expenses.The lump sum amount that he will receive at the end of the 20th year could be used for his daughter's higher education expenses.In case of the unfortunate event of his death before the maturity of the policy, his family will get higher of 100 % of Sum Assured or 105 % of the Premiums paid or 11 times the Annualised Base Premium.