Sentences with phrase «lump sum benefit enabling»

The plan offers lump sum benefit enabling the member's family to settle the loan liability in case of an unfortunate event

Not exact matches

This rider enables you to receive a lump sum portion of your death benefit to help pay expenses if you become terminally ill or need to live in a nursing home.

This rider enables you to receive a lump sum portion of your death benefit to help pay expenses if you become terminally ill or need to live in a nursing home.

While the former enables you to invest a fixed amount till retirement followed by receiving benefits post retirement, the latter lets you invest a lump sum just when you are nearing retirement followed by immediate receipt of annuity.

This type of term life insurance policy enables your death benefit to be paid out either in a lump sum, or distributed through regular equal payments to your family until the designated term ends.