The phrase
"lump sum" means getting a large amount of money all at once, instead of receiving it in smaller parts over time.
Full definition
With debt settlement services your creditors will not get paid on a monthly basis, but rather in
lump sum payments at the time when settlements occur.
The benefits are paid as
lump sum amount which remains constant throughout the policy period.
You may elect to take your reverse mortgage payout
in lump sum payments, monthly installments, a line of credit, or a combination of these.
In the first two stages, 20 % of the index sum insured is paid
as lump sum benefit and all the future payable benefits are written off.
This plan provides protection through payment of
lump sum benefit on death with annual payouts aligned closely to your child's educational milestones along with many benefits.
This policy offers payout in the form of
lump sum for the nominees or even as a regular monthly income.
The premium is paid in
lump sum at the outset of the policy.
You also enjoy a lifelong coverage up to the age of 85 and are also eligible to
receive lump sum amount on maturity.
This rider is payable as
lump sum on first occurrence of any of the covered 34 illnesses.
This change will ensure consistent treatment of
lump sum death benefits across all super funds.
The plan is good for people who want to
invest lump sum money for a long - term period to fulfil life stage goals like children education and marriage.
This plan offers an insurance policy that offers regular monthly income along
with lump sum amount on maturity.
Settlement and lawsuit funding
provides lump sum cash advance for annuities and personal injury cases before or after an award.
I
make lump sum payments for my property tax and avoid monthly recurring expenses.
A home equity loan is similar to a primary mortgage in that you receive a single
lump sum from the lender, usually with a fixed term and a fixed rate.
This route is generally preferred for investing
lump sum investments in debt fund to an equity fund.
For the sake of the critical illness health insurance, you will
get lump sum amount if you are experienced with serious illnesses that have been covered by insurance policy.
Term life insurance, which pays out a tax - free
lump sum if the policyholder dies within the policy period, is an inexpensive way to protect your family's financial future.
The option of
taking lump sum benefit can not be exercised once the fixed income protection payment has commenced.
While a recurring payout could be a good option for any client, there are four specific situations where it's more beneficial than a
single lump sum death benefit.
Additionally, the death benefit of life insurance is not taxed to the trust beneficiary, allowing the beneficiary to receive a
large lump sum cash payout.
Money When You Need It: Some of the plans
offer lump sum payments that you can use to meet major expenses.
If you put more than 20 percent down on a home, most lenders will allow you to pay your insurance and property tax bills yourself as
lump sums when they come due.
While both products let you use your equity to your advantage, a home equity loan gives you a one -
time lump sum of money.
A tax
free lump sum amount equal to sum assured and accumulated bonuses will be given on maturity.
If you think it is five years off or more than maybe you can consider dumping larger
lump sums into the market on a monthly basis over the next year or so?
Whether you choose single premium whole life or single premium universal life, these policies require a single large
lump sum premium.
You may find that you have some extra money each month or an extra
lump sum which you want to use to pay off your loan faster.
With assured returns, you can plan your purchase as you are well aware of the amount that you would get as
lump sum after a certain period.
Whereas in case of endowment plans, if the insurer dies before the maturity date, the nominee will get
lump sum assured by the insurance company.
As with many other service companies, if you pay the bill as an annual
lump sum instead of monthly payments chances are they will give you a discount.
All payments you have received during the financial year will be treated as
super lump sum payments for income tax purposes.
Often these options would them pay out the remaining
lump sum upon the death of the beneficiary to another beneficiary.
The limited payment term is 10 years to suit your finances and one receives
guaranteed lump sum payout equal to 55 % of the sum assured.
For example, you might take a small
lump sum up front and keep a line of credit for later.
Advance tax implies the income tax that is paid well in advance, in lieu of
lump sum tax payments made at the year end.
They believe they'll make a large
lump sum contribution in the future and avoid making the maximum contribution for now.
It proposes that claimants be given lower
lump sum awards to reflect a higher discount rate, or that the rate be kept as it is.
You can either apply for a revolving line of credit (home equity line of credit) or a one - time
lump sum loan using your home equity as collateral.
Therefore, apart from the sum assured, your family will receive an
additional lump sum from the rider.
It offers survival payouts of up to 130 % of sum assured at regular intervals throughout the term and also offers
lump sum maturity addition to meet your needs.
In the event of the demise of the life insured, the nominees receive 12 times of the monthly income benefit in the policy year of death will be paid as
lump sum immediately.
The after - tax amount available is in the form of
lump sum distribution after the deduction of federal taxes and the original investment amount in a 32 % tax bracket.