Sentences with phrase «include lump sum benefit»

The benefits include lump sum benefit as well as guaranteed monthly benefits.

Not exact matches

Gelsinger won't share specifics on the packages offered to the workers who were let go, but a VMware spokesperson says that their severance included an undisclosed period of full pay and benefits, a lump sum payment based on years of employment, and outplacement services.

For instance, he can champion a major push for transparency which includes complete transparency on tax and subsidy benefits, lump sum spending, and the passage of a 21st Century FOIL law which puts FOIL completely online and links FOIL to open data.

If you're between your preservation age and 60 years old and receive a lump sum super benefit that includes a taxable component, you must include it in your tax return.

Included with this benefit is a Recovery Benefit that pays a lump sum amount when the insured returns to work at least 30 hours per week immediately after a period when residual disability benefits werbenefit is a Recovery Benefit that pays a lump sum amount when the insured returns to work at least 30 hours per week immediately after a period when residual disability benefits werBenefit that pays a lump sum amount when the insured returns to work at least 30 hours per week immediately after a period when residual disability benefits were paid.

The Guaranteed Transfer Withdrawal Rate is applied to all investment option transfers from the Non-Personal Income Benefit Investment Options to the Personal Income Benefit variable investment options, contributions made in a lump sum (including amounts attributable to contract exchanges and direct transfers from other funding vehicles under the Plan) and rollovers.

Benefits also include the tax deferral derived from receiving income in installments instead of in one large lump sum.

The policy includes an accelerated death benefit rider which will pay you a lump sum if you are diagnosed with a qualifying terminal illness.

There are two primary ways that a retiree can receive pension benefits, including accepting ongoing payments through an annuity - style distribution for life, or receiving the cash in one lump sum payment.

• The following sources are not included in annual income but will be considered in determining the ability to repay the loan: − Income from minors − Food stamp allotment − Payments from foster care − Irregular cash gifts − Lump sum additions, such as capital gains, etc. − Medical reimbursements − Educational benefits − Hazardous duty pay for military person exposed to hostile fire Note: Not every situation can be thoroughly addressed and this sellers guide is not all - encompassing.

AXA's long - term care life insurance provides the benefits of life insurance, including cash value accumulation and a lump sum death benefit, combined with long - term care insurance to provide for the costs associated with LTC services.

show any benefit payments made (including whether they are made as pension payments or lump sum payments)

If your final salary service includes service before 1 January 2007, you will get a programmed lump sum when you take your final salary benefits.

Under taxation law, a person is included in the definition of a death benefit dependant if they receive a super lump sum because the deceased died in the line of duty.

The benefits of the SPIA annuity will also include the tax deferral that is derived from receiving income in payments instead of in one large lump sum.

However, if some or all of the disability super lump sum paid to the member from the particular super fund is attributable to a rollover super benefit paid earlier into the particular fund, the service period for the disability super lump sum includes any days in the service period for the rollover super benefit that are earlier than the start of the service period for the disability super lump sum worked out using the table above.

The lump sum of $ 10,000 includes all fees and expenses required to cover the additional $ 50,000 worth of death benefit.

Special provision is made for offers in personal injury claims that include future pecuniary loss with periodical payments versus lump sum implications (CPR 36.5), for claims for elusive provisional damages (CPR 36.6) and where there could be deduction of recoverable benefits (CPR 36.15).

Most of the life insurance policies that we sell today include chronic and critical illness benefits coverage that will pay lump sum or monthly benefits for these types of disasters.

Generally, life insurance death benefits that are paid out to a beneficiary in lump sum are not included as income to the recipient of the life insurance payout.

There are several benefit payment options including a lump - sum payment or scheduled payments over the course of two, three or five years.

In fact, with this new benefits plan, you can provide the employees you count on every day with a lump - sum amount of up to $ 10,000 to help with expenses related to the covered critical illnesses: heart attack, stroke, invasive cancer, major organ transplant (including heart), or end - stage renal (kidney) disease.

The monthly benefit or lump sum benefit amount is determined by a number of factors including the income of the key executive, the replacement costs associated with hiring and training a capable replacement and the key person's contribution to the company's earnings.

Extra Life Income Option: An extension to the income option, benefits include lump - sum payout in case of death due to accident & regular monthly income (level or increasing) chosen at the time of inception.

The company's health insurance products consist of accidental injury insurance which provides benefits if insured is injured or dies from an accident; cancer insurance which assists in paying costs related to cancer treatment and recovery; critical illness insurance which offers lump - sum benefits upon the diagnosis of a critical illnesses, such as cancer, heart attack, stroke and kidney failure; heart / stroke insurance which pays indemnity benefits for a range of treatments, services and expenses in the event of a heart attack or stroke; hospital insurance which helps pay costs associated with hospital care, including emergency room visits; and Medicare supplement which protects against the expenses not paid by Medicare.

AXA's long - term care life insurance provides the benefits of life insurance, including cash value accumulation and a lump sum death benefit, combined with long - term care insurance to provide for the costs associated with LTC services.

Another endorsement — the Income Protection Option (IPO)-- will allow the policy owner to choose a specific form of payout for the policy's death benefit, including either a lump sum at various times or monthly payments to the beneficiary, at the time of policy issue.

This offers guaranteed benefits includes fixed addition that accrue every year with an additional lump sum at maturity.

The lump sum of $ 10,000 includes all fees and expenses required to cover the additional $ 50,000 worth of death benefit.

This policy covers 11 critical illnesses with or without hospitalization, hospitalization cash benefits (including incidental expenses), convalescence benefits (paid in a lump sum after continuous hospitalization for 5 days).

In case of death post the first 5 years, the chosen Sum Assured under the LIC pension plan including the accumulated Guaranteed Additions, Simple Reversionary Bonuses and Final Additional Bonus, if any till the date of death is payable to the nominee who can avail the death benefit whether in lump sum or annuity or partly in lump sum and partly in annuity depending on his choice

The benefits include regular hospitalization benefits on floater basis and provides lump sum assured payment in the event of death

Major Surgical Benefit Rider: This rider option provides a lump sum amount to cover all the surgical expenses from the list of 33 surgeries including Open Heart surgery, Kidney Transplant, Cornea transplantation, Transplantation of Lungs and many more.

This rider option gives a lump sum benefit amount to cover 25 critical conditions which includes cancer, paralysis, heart attack, major organ transplant, etc..

There is also an inbuilt Accidental benefit rider including total and permanent disability where a lump sum amount is paid on accidental death or disability

Future Generali Triple Anand Advantage: It provides unique benefits that include lump sum payout, money back, life coverage till 80 years.

The various benefits of this plan include: — ● Participating whole life endowment plan ● Participation in profits by way of bonuses ● Lump sum death benefit ● Option to pay regular premium payments ● Continuity of plan even after maturity

The policy includes an accelerated death benefit rider which will pay you a lump sum if you are diagnosed with a qualifying terminal illness.

Conclusion By including an LTC / life plan in your retirement portfolio, you gain the opportunity to leverage a lump sum of your retirement savings for multiple benefits, including both generational wealth transfer and long - term care protection on a tax - favored basis.

The Death Benefit payable is: Lump Sum Benefit: The higher of Sum Assured (including Top - up Sum Assured) or Minimum Death Benefit is payable as a lump sum amoLump Sum Benefit: The higher of Sum Assured (including Top - up Sum Assured) or Minimum Death Benefit is payable as a lump sum amolump sum amount.

Scenario A - Maturity Benefit: In case of his survival till maturity of the policy, the Policy Account Value including terminal bonus interest rate as calculated on the maturity date and it is payable as a lump sum.

If life insurance death benefits are paid to you in a lump sum or other than at regular intervals, include the life insurance death benefits in your gross income on your tax return only to the extent the life insurance death benefits are more than the amount payable to you at the time of the insured person's death.