Sentences with phrase «include lump sum payout»

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

Some mortgage protection policies allow you to include lump sum payout coverage for these and other critical illnesses.

Not exact matches

Unless your policy falls into a few very specific situations, your beneficiaries will receive the full payout as a lump sum without any deductions or charges (including taxes).

And because life insurance is no longer just about lump sum payout — it's evolved to include such things as «living insurance» or monthly payouts — you need to strike the right balance between cover and affordability.

Lump Sum Payment: If all of the payouts are in the form of monthly income, then this lump sum amount includes the bonus amounts that may have been declared by the insurance compLump Sum Payment: If all of the payouts are in the form of monthly income, then this lump sum amount includes the bonus amounts that may have been declared by the insurance complump sum amount includes the bonus amounts that may have been declared by the insurance company.

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.

Unless your policy falls into a few very specific situations, your beneficiaries will receive the full payout as a lump sum without any deductions or charges (including taxes).

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.

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.

These include old employer 401k's and 403b's, lump sum payouts from pension plans, and of course IRA's.