Sentences with phrase «large lump sum amount»

After retirement, you can get maturity benefit which is a large lump sum amount and also get a regular stream of income in the form of annuity.

This ensures the family members of the insured get a regular income without having to manage the large lump sum amount.

Term insurance ensures that your family gets a large lump sum amount, i.e. sum assured after your death to lead a financially stable life.

Not exact matches

However, for participants who have large amounts of appreciated company stock, it may be more beneficial to take a lump - sum distribution of company stock instead because it allows them to pay taxes now at a lower rate.

Aside from the obvious value of receiving a large amount of cash as a lump sum, there are some risks with choosing an annuity to receive the death benefit.

Making a payment larger than your minimum payment amount can sometimes advance your due date, meaning another payment on your student loans won't be due until your minimum payments catch up to your lump sum payment.

The government and most private lenders will often require you to pay fairly large lump sums, but you can sometimes negotiate lower amounts.

If a borrower needs the bulk of their reverse mortgage payment immediately, they can receive it as a lump sum payment.6 A lump sum is recommended if the borrower has an immediate need to use a large amount of money to pay down existing debts, make renovations to the home, pay for healthcare expenses, or for any other reason.

Secondly, if your beneficiary is not disciplined financially, receiving a large amount as lump sum payment being the proceeds from your life insurance policy may encourage him to spend the whole money carelessly.

To alleviate some of the risks with investing large lump sum investments, the amount can be divided into smaller sums and invested at regular intervals over a period of time

You want to be able to change the amount you withdraw at any time, or take out a large lump sum if you wish (subject to the legislated minimum annual amounts)

In return for proving that you simply can not afford their demands, the IRS will reduce the amount of money you owe, and offer you an easier repayment schedule, typically extending the payments out over a period of several years, rather than requiring that you pay everything all at once in a large lump - sum.

So why don't lenders offer a true reverse mortage which would compute and lend a stream of payments (at interest of course, but hopefully a rate reflective of the low risk given the high property value / loan ratio) rather than a useless lump sum which has seniors paying pretty high mortgage interest rates on a large amount of loan, rather than a interest on the (rising) amount of loan as the stream of payments accumulated.

The amount of the lump sum is calculated according to a scale based on the applicant's age and on the assessment of his / her disablement which was made in the application for IIDB: the younger he / she is and the higher his / her disablement, the larger the award.

In life insurance policy one need pay premiums every year which in return is paid back in large lump - sum amount in case of demise of the insured person.

It's also worth considering buying a larger death benefit than your beneficiaries will need because life insurance benefits are paid out in a tax - free lump sum, and if invested, can reap a significant amount of interest even in the very first year.

You can make payments up to $ 1,000 without needing to give them your personal details, and if you want to pay much larger amounts you can give them your details and make payments up to $ 50,000 in one lump sum.

Recasting happens when you pay down a substantial amount of your loan balance (sometimes with a large lump - sum, and sometimes with regular extra payments) and you change your existing loan.