Sentences with phrase «in lump sum payments when»

Not exact matches

He stopped contributing to his RRSP when the market crashed, but plans to restart — with a lump sum for the payments he missed — in 2010.

When you buy an income annuity, you turn over a lump sum in exchange for the payments, and you usually won't have access to that money anymore.

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).

Substitute costs are in addition to the financial burden of guaranteed leave time: teachers typically are given a lump sum payment for any unused leave when they retire.

Imagine that a teacher receives a one - time lump - sum payment worth his pension wealth when she retires in a given year.

When you and the seller agree to a price, you will need to make a down payment — the lump sum in cash that you can afford to pay at the time of purchase.

By splitting the lump sum payment into two, you'd lower your tax bill because the second payment would be taxed when you receive it (in the following year).

When the due date for your guaranteed bad credit loan arrives, you will make one lump sum payment to the lender and the loan will be covered in full.

While the updated benefit kicked in on the first of the year, payments won't be made until summertime, when parents will receive a lump sum for the first half of 2015, after which payments will be made monthly.

When you enter a DMP, your interest rates are dramatically reduced, and all your unsecured payments are paid in a lump sum to the plan provider.

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.

But they do not have to make any monthly loan payments, as the loan is repaid in one lump sum when the last borrower leaves the home and the home is sold.

A reverse mortgage allows qualified senior homeowners to borrow against their home equity tax - free2 while continuing to own and live in their house.3 The money can be received as a lump sum, 4 monthly payments, or a line of credit to access when needed.

When an individual wants to cash out of an annuity, he or she can withdraw a lump sum or withdraw in the form of payments for a specific period of time, providing a steady and reliable income stream.»

When you invest in an annuity through a lump sum or by making periodic payments over several years, your insurer in return agrees to make regular payments to you that can last the entirety of your retirement, says the SEC.

In exchange for premium payments, a life insurance policy provides a tax - advantaged lump - sum payment, known as a death benefit, to the beneficiaries when the insured passes away.

When you take out a second mortgage using your homes equity, you take the equity amount in one lump sum, and make monthly payments on the borrowed amount.

When death occurs, the death benefit will be paid out to the beneficiary, generally in a lump sum payment.

2nd question / if I retired and paid the 120 payments in a lump sum, when I retire, will they consider to forgive my loan for past work in Public services?

Many seniors take out reverse mortgages as open credit lines, instead of taking cash in a lump sum or payments, because when you set up a reverse mortgage this way, the amount you can borrow increases each year.

Under the adjustable rate reverse mortgage, homeowners can choose to receive home equity in monthly payments, term or tenure payments (a term payment being for a set term established by the borrower and a tenure payment being a payment for life), in a line of credit that you can access when you want, or a combination of any of these choices (i.e. a small lump sum to make repairs now, a portion in a line of credit to be able to access for later needs and the remainder in monthly payments for life).

You can invest a lump sum today, or contribute flexible premium payments over time, 1 to build a stream of guaranteed lifetime income that starts when you need it to — any date 1 up to 40 years 2 in the future.

When you sign up for our credit card payment insurance, you'll receive a lump - sum payment of up to $ 25,000 on your outstanding balance in the event of death, depending on the plan you choose.

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

When approved for a personal loan, you'll receive a lump sum up front and then pay the money back, including interest, in regular monthly payments.

Instead of you making monthly mortgage payments, the lender pays you in the form of fixed monthly payments for the rest of your life, or as a lump sum or a line of credit that can be tapped when needed (up to a certain limit).

The research indicates that when DC plans offer distribution options alongside a one - time lump - sum benefit payment, a good number of retiring plan participants are interested in, and take advantage, of these options.

Typically, you pay a set amount — either in a lump - sum payment or smaller amounts over a number of years — and your child's tuition is set, regardless of when they go to college.

When you own a home you can enjoy the value of your investment without selling it, by either continuing to live in it after you've paid off the mortgage (at which point you have no more mortgage payments), and optionally getting a reverse mortgage at any time after age 62, which allows you to extract cash value from your home in either a lump - sum or as monthly payments, and which you won't have to pay back as long as you live in the home.

With debt settlement services your creditors will not get paid on a monthly basis, but rather in lump sum payments at the time when settlements occur.

Repayment options You'll need to decide when payments are due or if you want the loan to be repaid in one lump sum.

When the employee had been promoted to vice-president in 2000, he signed a new employment contract that provided him with a lump sum payment representing two years» salary in the event that he was terminated from his employment.

Lump sum payments are used when the reliability of periodic payments is in question or when the parties want finality.

Both term and permanent policies allow you to select an amount of coverage in exchange for your premium payments over the life of the policy, providing a lump sum payment to your beneficiaries when you die.

Disability income insurance: Insurance that provides periodic payments, or in some cases a lump - sum payment, based on the insured's income replacement needs, when the insured is unable to work due to illness or injury.

You can invest a lump sum today, or contribute flexible premium payments over time, 2 to build a stream of guaranteed lifetime income that starts when you need it to — any date 2 to 40 years 3 in the future.

In major disaster claims, insurance companies have also been known to make things easier and may just provide you with the cheque or a lump sum payment to get you started with essentials because especially in times of disaster, claims can take time and insurers can be reasonable when needed if you maintain good communicatioIn major disaster claims, insurance companies have also been known to make things easier and may just provide you with the cheque or a lump sum payment to get you started with essentials because especially in times of disaster, claims can take time and insurers can be reasonable when needed if you maintain good communicatioin times of disaster, claims can take time and insurers can be reasonable when needed if you maintain good communication.

When death occurs, the death benefit will be paid out to the beneficiary, generally in a lump sum payment.

The caveat to this is that a lump sum payment will be due in most cases when the policy is issued.

Like any life insurance policy, when the policy holder passes away, the beneficiary, in this case the company, receives the lump sum payment.

In some cases, such as when a spouse is considered unreliable, a court might order lump - sum alimony, which is a one - time payment.

When retroactive child support is paid after the court order, the non-custodial parent can pay in one lump sum or in payment installments.

When you divorce or dissolve your civil partnership in England, Wales or Northern Ireland, one of you may agree to pay the other a lump sum or ongoing spousal maintenance payments.

When it grants the decree of divorce, the court may also make orders in relation to custody of children and access to them, the payment of maintenance and lump sums, the transfer of property, the extinguishment of succession rights, pension rights and other matters.

When it grants the decree of dissolution, the court may also make orders in relation to the payment of maintenance and lump sums, the transfer of property, the extinguishment of succession rights, pension rights etc..

The effect of child support regulations will mean that when couples part and seek legal settlement of their property and financial affairs, the pressure will be intensified for an order, either for the sale of the former matrimonial home or its transfer to the absent parent in return for a lump sum payment to the caring parent.