Sentences with phrase «in a lump sum»

Under a single premium plan, the entire premium covering several years is paid in a lump sum at closing.

The premium is paid in lump sum at the outset of the policy.

Depending upon the situation, your beneficiaries can choose to receive the amount in a lump sum instead of in monthly increments.

This credit does not have monthly payments of a set figure, but instead is due all at once in a lump sum payment of the full amount owed.

You can withdraw the death benefit in a lump sum or can use to purchase an annuity plan from the insurer.

It will be paid in lump sum on survival and the policy will cease.

This withdrawn part will not attract taxation and can be taken in a lump sum for any requirements.

You can choose to pay single premium in lump sum at the beginning of policy term or pay regular premiums.

However, the borrower is constrained to receiving all of their money in a lump sum payment and therefore pays interest on the entire payment.

If I had the extra money to invest, I would dollar cost average or invest in a lump sum at these lower market levels.

A term loan involves a fixed amount of funds, which the business receives in a lump sum once the loan is approved.

These plans pay the death benefit partly in lump sum and partly in monthly or annual incomes or completely in monthly or annual incomes for a specified tenure after the death of the insured.

The sum assured is payable in lump sum as per the policy contract.

With an immediate annuity, you trade in a lump sum of money for a guaranteed stream of income.

Paying the monthly cost of renters insurance in a lump sum for the year saves you money.

Even if you want to pay off your student loans in a lump sum, make sure to fund your emergency fund first, no matter what.

Full lump sum payout: Offers your nominee the basic sum assured in lump sum as specified in the policy schedule in case of an uncertainty.

The accelerated death benefit payment will be made in a lump sum.

If you take the proceeds from the company immediately in a lump sum, you have no taxes to pay.

Just like all other life insurance policies, the money is paid to your beneficiaries tax - free, in a lump sum if they wish, or in monthly installments.

Term life insurance is a financial security product that pays out funds in a lump sum upon death of the insured.

All other annuity investments will pass the entire balance of the account to the named beneficiaries in a lump sum or through regular installment payments when the owner passes away.

It works like other whole life insurance policies, except that instead of paying an annual or monthly premium, the owner only needs to pay once in a lump sum single premium payment.

The amount received by your beneficiary, whether in a lump sum or other payout, does not constitute taxable income.

A home equity loan is an excellent choice if you'd like to have cash in a lump sum with a superior return on your first mortgage.

Paying the monthly cost of renters insurance in a lump sum for the year saves you money.

You have the option to choose your payouts in lump sum amount or as regular income.

Consider buying ETFs in a lump sum rather than periodic small amounts to cut down on brokerage fees.

Loans are paid back in a lump sum at your earliest convenience.

In the event a person lives to the policy's maturity date, the policy pays the cash value amount in a lump sum as an endowment to the insured.

A contract sold by a life insurance company in which an insured makes contributions into a fund that can then be withdrawn in a lump sum or a series of future payments.

If you can pay off the entire debt in a lump sum, many credit card companies will drastically reduce the amount you owe.

The value built up during the accumulation period can be distributed in a lump sum payment or income payments during the payout period.

Under the same, the beneficiary will get a sum assured amount as regular income or in the lump sum after your demise.

After you put out your own money for the down payment, the banks will return a percentage of your mortgage principal in a lump sum when your mortgage closes.

The principal of the loan is repaid in a lump sum at the end of the loan period.

The choice between the two should depend on the convenience of the insured person, his ability to pay, and the discount provided in the lump sum amount.

The maturity benefit can also be taken in a lump sum instead of choosing any of the above mentioned options.

The premium may be paid up front in a lump sum or blended in with the mortgage loan payments.

The payment can be paid upfront in a lump sum or blended in installments with your regular mortgage payments.

Step 3 — if the life insured dies during the term of the plan, the death benefit is paid to the nominee in lump sum.

For both, you are borrowing against the equity in your house, but when you use a home equity loan you receive the amount in a lump sum with a fixed interest rate.

Yes, the nominee or the beneficiary can choose to receive the outstanding monthly incomes in a lump sum amount.

As for putting in a lump sum or small amounts over time I think it depends on your circumstances.

A regular pay plan that offers life cover not only in lump sum but also as income for family for 60 months.

The issuing company pays the cash value to the owner in a lump sum while the person is still alive.

The insurance benefits are paid at one time in a lump sum, not in regular payments.

The balance of the mortgage is due in a lump sum, usually at the end of the term.

Because your life insurance premiums are paid with after tax dollars, the death benefit is able to be paid out in lump sum without any state or federal taxes being withheld.

Traditional fixed - term business loan comes in a lump sum that you have a set amount of time to pay off, usually in monthly repayments.