Sentences with phrase «individual takes over payment»

This law provides employees and their families the right to remain temporarily covered under an employer's health insurance plan at the group rate after termination of employment, provided the individual takes over payment of premiums.

This law provides employees and their families the right to remain temporarily covered under an employer's health insurance plan at the group rate after termination of employment, provided the individual takes over payment of premiums.

Not exact matches

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).

Installment loans are another popular type of alternative lending option available to be taken advantage of these days, giving individuals the chance to repay their loan over a scheduled amount of time with scheduled installment payments made every step of the way.

Here, a percentage of the monthly payments go towards the purchase price once an individual decides to take over the mortgage.