Sentences with phrase «in a single lump sum payment»

Reverse mortgages allow homeowners age 62 and older to convert a portion of their home equity into tax - free loan proceeds, which they can elect to receive either in a single lump sum payment, monthly installments, or through a line of credit that allows funds to be withdrawn as needed.

Compared to having to pay all your tax debt in a single lump sum payment, the Partial Payment Installment Plan is far less demanding to people who are already facing difficult financial situations, which is why this plan is so popular for people looking to settle their IRS tax debt.

Typically, tax settlements result from a situation where the IRS has asked for more money than you could possibly afford to pay, especially since the IRS expects taxpayers to pay back all the money they owe in a single lump sum payment.

Not exact matches

Single premium PMI allows the homeowner pay the mortgage insurance premium upfront in one lump sum, eliminating the need for a monthly PMI payment.

One option is known as «single premium», in which you make a lump - sum payment at the time of closing which covers your PMI policy for as long as your mortgage is active.

When an individual retires under a DB plan, she is entitled to a stream of payments that has a lump - sum value that we calculate using standard actuarial methods (which take into account expected mortality patterns and adjust the sum of payments to reflect the fact that they are received over many years rather than at a single point in time).

One option is known as «single premium», in which you make a lump - sum payment at the time of closing which covers your PMI policy for as long as your mortgage is active.

Single payment loans allow you to repay a loan in one lump sum.

As soon as you file your income taxes and receive your refund from the state or IRS, you pay the tax refund loans back in a single, lump sum payment.

The premium can be paid in a single lump sum or it can be added to your mortgage and included in your monthly payments.

Single Disbursement Lump Sum: If the borrower (s) is eligible for a $ 100,000 loan but only needs $ 30,000, the borrower (s) may choose to only receive the $ 30,000 in a one - time lump sum paymLump Sum: If the borrower (s) is eligible for a $ 100,000 loan but only needs $ 30,000, the borrower (s) may choose to only receive the $ 30,000 in a one - time lump sum paymlump sum payment.

An immediate annuity is a contract between you and an annuity issuer (an insurance company) to which you pay a single lump sum of cash in exchange for the issuer's promise to make payments to you (or the annuitant) for a fixed period of time or for the life of the annuitant.

Single premium life offers permanent life insurance that is paid up in a onetime lump sum payment.

Colleges can choose to disburse grant funds in the form of a single lump sum payment or disbursement (equal installments) by sending federal financial funds to your school and crediting them to your account.

You can choose to make premium payments in either a single lump sum or multiple payments over time.

A single lump sum withdrawal — You could withdraw your entire TSP balance in a single payment often used to pay off a home mortgage or consumer debt at retirement.

In a loan, you'll receive a single lump - sum payment.

Commutation Right: The right of a beneficiary to receive in a single lump - sum the remaining payments under an installment option which was selected for the settlement of the proceeds of life insurance policy.

Similar to an equity loan, you can receive the loan amount in a single lump sum or in equal monthly installments paid to you from the creditor, which is why it is a reverse mortgage — you receive payments rather than make them each month.

One thing that seniors might consider is a single premium option which is a lump sum payment into a policy in return for a certain amount of death benefit.

Lump sum, where the life insurance company pays the total amount of the benefit in one single payment at the death of the insured

(A present value is a single number that expresses a flow of current and future payments in terms of an equivalent lump sum paid today; the present value of future cash flows depends on the discount rate that is used to translate them into current dollars.)

When purchasing an FIA, you agree to pay for it in either a single lump sum or multiple payments over time.

You can tap into a reverse mortgage through a single lump - sum payment, an annuity (which is paid out in one - time annual payments), a line of credit (where you can take out money as needed), or monthly payments, which is the route most seniors take.

After a week or so, the loan amount plus interest is supposed to be paid back in a single, lump sum payment (often, your next paycheck).

In contrast to installment loans, short - term loans are repaid in a single, lump - sum payment at the end of your loan length that includes both the principal and applicable finance feeIn contrast to installment loans, short - term loans are repaid in a single, lump - sum payment at the end of your loan length that includes both the principal and applicable finance feein a single, lump - sum payment at the end of your loan length that includes both the principal and applicable finance fees.

Even people who only owe a few thousand (or sometimes even a few hundred) dollars are able to enroll in repayment plans that stretch their single lump - sum payment out over a longer period of time — typically something like 36 months, or 3 years, with the total amount owed being divided into much smaller monthly payments.

An annuity is a contract that guarantees a series of payments in exchange for a single lump sum investment or series of investments.

In some cases, a plan sponsor asks participants in a retirement plan to choose between receiving an annuity in the future or a single lump - sum payment immediatelIn some cases, a plan sponsor asks participants in a retirement plan to choose between receiving an annuity in the future or a single lump - sum payment immediatelin a retirement plan to choose between receiving an annuity in the future or a single lump - sum payment immediatelin the future or a single lump - sum payment immediately.

It can be paid in a single lump sum or it can be added to your monthly mortgage payments.

In some cases, a judge may order a single lump - sum support payment.

This single premium whole life insurance policy provides lifetime protection in one lump sum payment.

Commutation Right: The right of a beneficiary to receive in a single lump - sum the remaining payments under an installment option which was selected for the settlement of the proceeds of life insurance policy.

The clause requires a systematic payment of benefits rather than paying them out in a single lump sum.

Premiums can be paid either in lump sum under the Single Pay option or for a limited period under the Limited Pay option of premium payment of this SBI child plan.

Protection policies that provide a benefit for a specific event, usually in a lump sum payment, and investment policies where the objective is to grow capital on regular or single premiums.

An annuity is a financial tool that will provide a succession of payments to a policyowner, or annuitant, in exchange for a single lump sum payment or series of payments to the insurer.

Single - premium variable life insurance allows you to buy insurance with a single premium (lump sum) payment in return for a guaranteed death benefit that will remain paid - up until yoSingle - premium variable life insurance allows you to buy insurance with a single premium (lump sum) payment in return for a guaranteed death benefit that will remain paid - up until yosingle premium (lump sum) payment in return for a guaranteed death benefit that will remain paid - up until you die.

Premiums can be paid regularly for the entire duration of the plan under the Regular pay option or in one lump sum at the time of inception of the plan under the Single Pay option of premium payment.

Premiums under the plan are payable either for a limited tenure under the Limited Pay option or in one lump sum under the Single Pay option of premium payment.

Premium under the plan is paid in one lump sum at the commencement of the plan under the Single Pay option of premium payment.

Premium is paid once at the starting of the plan in one lump sum under the Single Pay option of premium payment.

Premiums can be paid regularly for the entire duration of the plan under the Regular pay option, for a limited period of 10 or 5 years only under the Limited Pay option or in one lump sum on inception of the plan under the Single Pay option of premium payment.

In this way, disability income policies differ from critical illness insurance, which pays just a single lump - sum payment if the policyholder is impacted with a serious or life threatening disease.

Single premium life insurance is defined as an insurance policy in which a lump sum is paid up front in order to guarantee a death benefit payment to the policy's beneficiary (or beneficiaries).

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.

Premiums under the plan can be paid for the entire duration of the plan under the Regular Pay option or for a limited tenure under the Limited Pay option or in one lump sum under the Single Pay option of premium payment.

Premiums under the plan can be either paid for the entire duration of the plan under the Regular Pay option of premium payment or in one lump sum at the inception of the policy under the Single Pay option of premium payment.

The premium is paid in a single lump - sum payment at the policy inception for the purchase of the annuity.

Single premium life offers permanent life insurance that is paid up in a onetime lump sum payment.