Sentences with phrase «immediate lump sum benefit»

In the event of unfortunate death of the life insured during the term of the policy, an immediate lump sum benefit plus Guaranteed Annual Payouts plus Guaranteed Sum Assured on maturity plus Bonuses are payable.

Death Benefit is equal to an immediate lump sum benefit plus Guaranteed Annual Payouts plus Guaranteed Sum Assured on maturity plus Bonuses are payable.

Not exact matches

Lump sum plus Monthly Income: Half of the death benefit will be paid out as lump sum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 yeLump sum plus Monthly Income: Half of the death benefit will be paid out as lump sum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 yelump sum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 years.

Commuted Settlement Should immediate liquidity of remaining cash value be desired by the owner or a lump sum death benefit be desired by the beneficiary (ies), Bankers Life Insurance Company is willing to process a commuted settlement

Details: As an individual, you can make a lump sum contribution up to $ 75,000 (5 - years at $ 15,000 for each year) to get the immediate benefit of five years» worth of gift tax exclusions.

While the former enables you to invest a fixed amount till retirement followed by receiving benefits post retirement, the latter lets you invest a lump sum just when you are nearing retirement followed by immediate receipt of annuity.

And having immediate liquidity in the form of a lump sum death benefit avoids having to sell off assets in order to raise cash.

You may take up to 1 / 3rd * of vesting benefit as a lump sum and purchase an immediate annuity from us with the balance amount at the then prevailing annuity rates under any immediate annuity plan available on sale then.

The policyholder can choose to receive the maturity benefit as an immediate lump - sum payout or through pre-selected for a period of up to five years after the maturity date.

Immediate annuity plan = In immediate annuity plan, if you are above 30 years, you can pay a lump sum amount and then start earning annuity benefits immediately after retirement.

A single premium immediate annuity is an annuity offered by insurance companies that requires one single lump sum payment in order to receive the benefit of regular payments for a certain amount of time.

Alternatively, you can take a term plan and invest in this plan with premium waiver benefit, so in case of unfortunate death, lump sum takes care of the child's growing age and immediate family contingencies and the child plan takes care of regular return at the childs stipulated age, as planned by you, without paying anything.

Lump sum plus Monthly Income: Half of the death benefit will be paid out as lump sum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 yeLump sum plus Monthly Income: Half of the death benefit will be paid out as lump sum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 yelump sum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 years.

In that sense, term plan with staggered benefits that caters to immediate liabilities with the lump sum amount and help ensure living expenses and future goalswith regular income, is a good idea.

The nominee has an option to use the death benefit, fully or partly, for purchasing an immediate annuity or can withdraw the entire death benefit as a lump sum.

Upon choosing death benefit option II, 50 % of Death Benefit as an immediate lump sum on Death i.e. Rs 2,benefit option II, 50 % of Death Benefit as an immediate lump sum on Death i.e. Rs 2,Benefit as an immediate lump sum on Death i.e. Rs 2,14,372.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is as follows: Lump Sum Benefit: A lump sum amount is paid at the time of claim to take care of any immediate financial requirements of the famLump Sum Benefit: A lump sum amount is paid at the time of claim to take care of any immediate financial requirements of the famlump sum amount is paid at the time of claim to take care of any immediate financial requirements of the family.

You can utilize the commutation benefit to receive one - third of the vesting benefit as a lump sum and the balance amount can then be utilized to purchase an immediate annuity.