Sentences with phrase «lump sum benefit at»

Offers life insurance cover, lump sum benefit at maturity, regular guaranteed payouts for 15 years after maturity

Most of monthly investment plans offer a lump sum benefit at the end of the policy period.

Not exact matches

At this point, the carrier will give you a lump sum payment equal to your total death benefit and end your policy.

It is also a good idea to make sure that the length of the period of sponsorship is agreed on and whether the benefits (financial or otherwise) will be given to the club as one lump sum at the start of sponsorship or periodically throughout the sponsorship.

Anything not spent on benefits was given back to teachers as a lump - sum check at the end of the year: additional cash teachers could pocket and / or invest however they chose.

With lump sum payments you'll get the entire death benefit at once.

Included with this benefit is a Recovery Benefit that pays a lump sum amount when the insured returns to work at least 30 hours per week immediately after a period when residual disability benefits werbenefit is a Recovery Benefit that pays a lump sum amount when the insured returns to work at least 30 hours per week immediately after a period when residual disability benefits werBenefit that pays a lump sum amount when the insured returns to work at least 30 hours per week immediately after a period when residual disability benefits were paid.

Lump sum plus Monthly Income: Half of the death benefit will be paid out as lump sum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 yeLump sum plus Monthly Income: Half of the death benefit will be paid out as lump sum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 yelump sum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 years.

«In much the same way investment advisors and the investment industry preach dollar - cost - averaging and investing small increments of money over a long period of time, as opposed to one lump sum of money all at once, I think that just goes to justify the benefit of taking the payments over the long run,» says Heath, «Especially if one didn't have a lot of financial aptitude.»

100 - 120 % of premiums paid are returned at the end of the policy term as a lump sum survival benefit.

Whereas, a life insurance contract is an asset that is designed (at least traditionally) to provide a death benefit to one's estate, an annuity is centered around converting a lump sum payment (or series of payments) into a stream of income for a fixed period (usually for life).

Fixed annuities offer a standard death benefit of a lump sum payment or withdrawals under an income option of the full value of the contract at time of death.

Previously, the benefit was a $ 5,000 lump sum given to employees at their fifth anniversary with the firm and only federal loans were eligible.

The insurance benefits are paid at one time in a lump sum, not in regular payments.

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

At this point, the carrier will give you a lump sum payment equal to your total death benefit and end your policy.

On the other hand though, since Tom did a File & Suspend at age 66, he could retroactively receive two years» worth of benefits, for a total of $ 48,000 in a lump sum.

Instead of taking the Death Benefit of a life insurance policy all at once as a lump sum, it's also possible to receive the policy's payout in regular installments.

Lump sum, where the life insurance company pays the total amount of the benefit in one single payment at the death of the insured

In addition to these restrictions, if the pension account contains unrestricted non-preserved benefits the member is able to choose to partially commute the TRIS to cash their unrestricted non-preserved benefits as a lump sum from their TRIS at any time.

Where the payments are outside the allowable limits, it also means all payments made during the financial year will be treated as a lump sum and taxed at the individual's marginal tax rate, unless the payments are unrestricted non-preserved benefits.

Details: As an individual, you can make a lump sum contribution up to $ 75,000 (5 - years at $ 15,000 for each year) to get the immediate benefit of five years» worth of gift tax exclusions.

Lump sum: all proceeds are paid in a single amount at closing, with the maximum allowable disbursement at loan closing or during the first year of the loan being restricted to 60 percent of the eligible benefit or the mandatory obligations plus 10 percent of the benefit.

PBGC normally pays a lump sum only if the total value of the benefit payable by PBGC is $ 5,000 or less at the plan termination date.

If there are no dependent children, or none that are eligible for this benefit at the time of death, the beneficiary will receive a lump sum payment of $ 2,500.

If your loved one was fatally injured at work, you may also be able to recover permanent total disability as death benefits for a period of time or in a lump sum amount.

I agree to settle at this time in order to obtain a lump sum payment in order that I need not become compelled to attend on assessments, medical appointments, and participate in rehabilitation programs mandated by the accident benefit insurer and to avoid the risks of proceeding to arbitration.

If, however, a settlement is reached, the benefits may be paid in a lump sum at a «present value» rate.

The death benefits are tax - deferred, and your family will receive a lump sum from the insurance provider at the time of your death.

We will pay this benefit in a lump sum of $ 10,000 if you become Comatose within 31 days of a Covered Accident or Sickness and remain in a Coma for at least 31 days.

The lump sum death benefit is payable as long as the deceased worker was considered to be currently insured, which means they had at least 6 quarters of earnings covered by Social Security withholding during the full 13 - quarter period prior to their death.

Instead of taking the Death Benefit of a life insurance policy all at once as a lump sum, it's also possible to receive the policy's payout in regular installments.

At this point, the carrier will give you a lump sum payment equal to your total death benefit and end your policy.

At that time, if the key employee can not perform the regular and substantial duties of his regular occupation, the lump sum benefit is paid to the company and the policy terminates.

In a critical illness insurance policy, the individual insured will usually receive benefits in the form of a lump sum at the first diagnosis of cancer, stroke or heart attack, although certain policies do have slightly different structures.

Used to preach, buy term, invest the difference... But a permanent death benefit, cash values, tax free loans, tax free lump sum payment to beneficiary, privacy of beneficiary info, very difficult for others to get at your cash value, ability to fund very high amounts with tax benefits, cheaper while you are younger / healthy, paid up additions, Potential less premium with IUL and index gains potential, or Whole Life and pay more for insurance, but higher dividends...

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.

This type of rider pays out a single lump - sum that is usually equal to at least half of the policy's death benefit.

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.

Your nominee also has an option to take the Death Benefit as a lump sum benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded Benefit as a lump sum benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded yearly.

However, if the nominee prefers to have a lump - sum benefit instead of a staggered benefit, the remaining payouts are discounted at the rate 5.25 % per annum and will be paid as lump - sum immediately.

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.

You may take your Maturity Benefit as lump sum at the Maturity Date by selecting the said option at the inception of the policy.

This offers guaranteed benefits includes fixed addition that accrue every year with an additional lump sum at maturity.

PLI Anticipated Endowment Assurance (AEA) Plan is a Money Back plan, which provides guaraateed money backs (Survival Benefits) at specified intervals and lump sum amount on completion of term as maturity.

At the end of policy term, Nikhil will receive a lump sum benefit of Rs. 1,00,950 (last installment of the Income Benefit along with the Terminalbenefit of Rs. 1,00,950 (last installment of the Income Benefit along with the TerminalBenefit along with the Terminal Bonus)

Just to remind you one thing that the concept of term plan has come to provide you only death benefit with a huge lump sum amount at the cost of a nominal premium every year.

The benefit is that there will not be any lump sum payment due at the time of issue, as there will be with an original age policy in most cases.

■ The additional death benefit can be taken as lump sum or as 25 % of basic sum assured paid at the end of the each last four years and family income benefit as 1 % of the basic sum assured at the end of every month following the date of death till the end of the policy term but not less than 36 monthly payments.

Lump sum benefit and monthly income at the increasing annual rate of 10 % is payable to the nominee if the insured dies during the term period.