Sentences with phrase «if the benefit amount»

(Some insurers might not require this step if the benefit amount requested is below a certain amount.)

For example, if the benefit amount is Rs. 50 lakhs, then in the first year, 10 % of 50 lakhs i.e. Rs. 5 lakhs will be paid.

Not exact matches

If workers» needs vary widely, consider the increasingly popular «cafeteria plans,» which give workers lengthy lists of possible benefits plus a fixed amount to spend.

«If you are using an HSA purely as a retirement savings vehicle and not taking advantage of your 401 (k), your contributions will not amount to a lot of money and are probably not going to cover health - care expenses in retirement,» said Fronstin of the Employee Benefits Research Institute.

If a surviving spouse waits until their full retirement age, they are eligible to receive 100 percent of their spouse's benefit amount.

If you're married, claiming early could lessen the amount of benefits your spouse will have access to once you're gone.

(If you're interested, I've discovered lots of benefits to increasing the amount of plant - based foods to my diet.

Schroeder also says that if you use a Defined Benefit and / or Cash Balance Plan structure, the amounts that you can put away are much greater, noting that, «the total benefit that one person can receive for 2014 is $ 210,000,» tax Benefit and / or Cash Balance Plan structure, the amounts that you can put away are much greater, noting that, «the total benefit that one person can receive for 2014 is $ 210,000,» tax benefit that one person can receive for 2014 is $ 210,000,» tax - free.

If they qualify, your spouse or child may receive a monthly payment of up to one - half of your full retirement benefit amount.

If you start your retirement benefits at age 62, your monthly benefit amount is reduced by about 30 percent.

If one of your children also qualifies for benefits, there is a limit to the amount we can pay your family.

And if your current state has high income taxes, you could be forking over a considerable amount of money today for absolutely zero benefit to you during your golden years.

If the benefit on your record is higher, they will get an additional amount on your record so that the combination of benefits equals that higher amount.

If one of your spouse's children also qualifies for benefits, there is a limit to the amount we can pay family members.

If you start receiving spouse's benefits at age 62, your monthly benefit amount is reduced to about 32.5 percent of the amount your spouse would receive if their benefits started at full retirement agIf you start receiving spouse's benefits at age 62, your monthly benefit amount is reduced to about 32.5 percent of the amount your spouse would receive if their benefits started at full retirement agif their benefits started at full retirement age.

If there is an ex-spouse who also qualifies for benefits, they will not affect the total amount of benefits you or your family may receive.

Do ask yourself: If today I gave you a check in the amount of the death benefit of the life insurance policy you're considering, would you quit your job and work free for me until you die?

If you are a surviving spouse, Social Security automatically defaults to the higher amount — your own or your survivor benefit.

However, if you earn more than a certain amount, it can result in some or all of your benefits being withheld.

If you are a surviving spouse, Social Security automatically defaults to the higher amount — in this case, her survivor benefit.

Tip: You'll only get a retirement benefit based on your ex's wage record if it is a higher benefit amount than you would receive based on your own wage record.

She could then switch to that higher amount, and increase her lifetime benefits by $ 40,000, or almost 10 %, if she lives to age 89.2

You can call or meet with the Social Security Administration and they will let you know if and how to apply for the higher benefit amount.

Finally, if you die before the loan is paid back, the loan amount will be deducted from the death benefit your beneficiaries receive.

For example, if your full retirement age is 67 and you start your retirement benefits at 62, prepare for your monthly benefit amount to be reduced by about 30 percent.

They also have a death benefit, meaning that if you die before you started receiving payments, your beneficiary can receive a specified amount.

A taxpayer will also typically itemize tax deductions if it offers them more benefits than the standard deduction (i.e., when the total amount of qualified deductible expenses is greater than the standard deduction).

If your total is greater than the following base amount, your Social Security benefits may be taxable:

Keep in mind, if your work passes your claiming age, your benefits may be adjusted for an even higher amount, so will the cost of inflation adjustment, but the government will make that decision.

If you retired at age 70 (max retirement age) then you will receive 132 % of your normal retirement age benefit, which the max amount for that age is $ 3,576.

If you have already accumulated assets, you can subtract the amount of those assets from your total death benefit need, assuming they are somewhat liquid and wouldn't require a large amount of effort or loss in order to gain access to cash.

If the benefit on your ex-spouse's record is higher, you will get an additional amount on your ex-spouse's record so that the combination of benefits equals that higher amount.

If monthly benefits start before full retirement age, the amount is smaller to take into account the longer period a person receives them.

If you are younger than full retirement age and make more than the yearly earnings limit, your earnings may reduce your benefit amount.

If the worker started receiving retirement benefits before their full retirement age, we can not pay the full retirement age benefit amount on their record.

However, if they qualify for benefits as a surviving divorced mother or father who is caring for your child, their benefits may affect the amount of benefits your other survivors will receive based on your earnings record.

If your earnings for the prior year are higher than one of the years we used to compute your retirement benefit, we will recalculate your benefit amount.

If you retire late, you will get benefits for a shorter period of time but the monthly amounts will be larger to make up for the months when you did not receive anything.

Dan Caplinger: If simply maximizing the dollar amount of Social Security benefits you'll receive over your lifetime isn't exactly what you have in mind, then it can be a big mistake to wait until age 70 to start taking benefits.

If you choose future (inflated) dollars, the calculator bases the results on our estimates of how inflation could affect your benefit amount.

If you claim spousal benefits at the earliest possible age of 62, you will only receive 32.5 % of your spouse's primary insurance amount.

To calculate the amount of the death benefit, Service Canada first calculates the amount that the CPP retirement pension is or would have been if the deceased was age 65 at the time of death.

If you work for a company that does not offer a qualified retirement plan (or does not offer a life insurance option in an existing plan) or if you have already contributed the maximum amount to your qualified retirement plan, a cash value insurance policy can offer some of the tax benefits of a qualified retirement plaIf you work for a company that does not offer a qualified retirement plan (or does not offer a life insurance option in an existing plan) or if you have already contributed the maximum amount to your qualified retirement plan, a cash value insurance policy can offer some of the tax benefits of a qualified retirement plaif you have already contributed the maximum amount to your qualified retirement plan, a cash value insurance policy can offer some of the tax benefits of a qualified retirement plan.

If a recipient is required to pay state of Ohio taxes, he or she must determine the amount per month to have withheld from his or her benefit payment.

But if you wait, your monthly benefit amount grows substantially.

If you are at least 66 by May 1, 2016, you can file for retirement benefits, enabling your dependents to collect theirs, and then immediately suspend your own benefits until as late as age 70 to collect the maximum amount.

If you die within the term, your beneficiaries receive the death benefit amount to help replace your income.

How it works: When you die, your spouse is eligible to receive your monthly Social Security payment as a survivor benefit, if it's higher than their own monthly amount.

The amount will be reduced if you take your benefits before your FRA.

If you need a large amount of coverage, simplified issue life insurance isn't ideal for you because most life insurance companies cap the death benefit at $ 100,000 (some companies offer as high as $ 500,000.)