Sentences with phrase «like lump sum benefit»

Not exact matches

As a lump - sum distribution, the PLOP is fully taxable, unless it is rolled over to a qualified plan or IRA and, like monthly benefits, may be subject to court orders, such as division of property orders and support withholding orders, if applicable.

Homeowners have access to many financial benefits like quick and easy equity loans that provide the ability to borrow a lump sum of cash or to set up a liquid cash line.

The husband signed «Expression of Wish (Nomination of Beneficiaries) Form, saying that «the trustees / scheme administrator has absolute discretion as to which of my beneficiaries receive the lump sum death benefit, I would like this to be paid to the following», where the widow is named with 100 % percent.

There are a few edge cases, like if the death benefit is rolled up in an estate tax or if your beneficiaries elect to receive it in installments rather than a lump sum, but for the most part the money is paid out without being reduced by taxes.

It pays a lump sum benefit in case you are diagnosed with major illness like cancer, heart attack, paralysis, kidney failure, coma etc..

This differs from the typical death benefit selection in that usually, the beneficiary who completes a death claim elects how he or she would like to receive the death benefit, whether as a lump sum, or annuity payments for X number of years.

Also, if you get diagnosed with a chronic disease like heart - attack, end - stage renal failure, cancer, stroke and major organ transplants, you will receive a lump sum amount from the insurer and can opt for a plan offering a partial as well as a complete death benefit.

Like accident insurance and hospital indemnity insurance, critical illness insurance also provides a lump - sum cash benefit upon diagnosis that you can use however you see fit — whether it's for household expenses, medical payments or personal needs for you and your family.

This product guarantees a stream of income, derived from an initial lump sum payment, for as many years as you like, up to a lifetime of benefits.

Also, in case of an unfortunate event, the nominee can opt to take the claim settlement benefit in five customizable options like equal or increasing monthly instalments or partially in lump - sum & balance in instalments.

If you would like to learn more about critical illness insurance which can pay a lump - sum, tax - free benefit if you are diagnosed with cancer, have a heart attack or stroke, visit our other industry association, the American Association for Critical Illness Insurance.

Like in case of critical illness benefit plan, the entire sum insured amount is paid in lump sum on first diagnosis of the any one of the listed critical illnesses.

It's important to note that, although term life can be used to replace lost potential income, life insurance benefits are paid at one time in a lump sum, not in regular payments like paychecks.

You have to pay premium for few years and you get guaranteed benefits like regular income at an attractive rate of 11 % - 13 % p.a., lump sum amount on maturity and life cover throughout the policy term.

They're much easier to budget on a fixed income, and in many cases, they will still provide full benefits right away, like a lump sum plan.

You have to pay the premium for a few years and you get guaranteed benefits like regular income lump sum amount on maturity and life insurance cover throughout the policy term.

This policy is launched back in 2014 and like other typical endowment plans provide lump - sum benefits with bonus & final bonus at the end of maturity.

Benefits like guaranteed additions and bonuses while ensuring that your family receives a lump sum benefit in case of your unfortunate death.

If something happens to you, your nominee will bepaid a lump sum amount, and ensures that your family can live withthe same standard of living as before.In Endowment policy, a periodic sum is received aspremium every month and a lump sum amount in case of suddendeath.There are many other insurance policies like Money Back LifeInsurance Policy, Group Life Insurance and Unit Linked InsurancePlan that can benefit you.

Like other life insurance benefits, an accelerated death benefit is typically paid out as a tax - free lump sum.

It pays a lump sum benefit in case the life assured is diagnosed with major illness like Heart Attack, Cancer, Paralysis, Kidney failure, Coma etc..

Lump sum benefit of 100 % sum assured would be paid to insured for minimum of 24 hours hospitalization for 10 listed major surgeries like knee replacement, by - pass surgery etc.,

For example, receiving severance pay does not impact your benefits in California, even if you receive it in a lump sum instead of in regular installments like a paycheck.