Sentences with phrase «lump sum benefit on»

This Rider provides a lump sum benefit on diagnosis of any one of the 19 critical illnesses which you can use to cover expenses associated with the illness.

While most increasing term insurance plans pay a lump sum benefit on death, there are some plans, which have been recently launched which have a monthly or annual income payout.

Kotak Accidental Death Benefit Rider (ADB): This rider pays a lump sum benefit on the accidental death of the life insured

You receive a lump sum benefit on maturity and are also eligible for Guaranteed Yearly Additions and Bonuses that further maximize your savings.

With this plan, you can opt for lump sum benefit on death or can also customize it as lump sum benefit on death and monthly income for next 10 years.

Option 4 - «Enhanced sum assured on Death» as lump sum benefit on death and monthly income for next 10 years

Max Life Insurance has launched Max Life Monthly Income Advantage Plan, a traditional, participating, money - back plan that provides guaranteed monthly income for 10 years and lump sum benefit on maturity.

Apart from offering guaranteed lump sum benefit on maturity, the plan also offers guaranteed income during the income term that increases every year.

HDFC Life Cancer Care offers lump sum benefit on diagnosis of Cancer that helps to protect your income and savings from expenses

PNB MetLife Guaranteed Savings Plan is a guaranteed savings insurance plan that helps you fulfil your dreams by offering lump sum benefit on maturity along with guaranteed additions on cumulative premiums.

HDFC Life Cancer Care Plan: It provides lump sum benefits on diagnosis of cancer that assists in protecting your income and savings.

Not exact matches

Gelsinger won't share specifics on the packages offered to the workers who were let go, but a VMware spokesperson says that their severance included an undisclosed period of full pay and benefits, a lump sum payment based on years of employment, and outplacement services.

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.

For instance, he can champion a major push for transparency which includes complete transparency on tax and subsidy benefits, lump sum spending, and the passage of a 21st Century FOIL law which puts FOIL completely online and links FOIL to open data.

A lump - sum direct rollover distribution whereby all accrued benefits, plus interest and investment earnings, are paid from the participant's account directly to an eligible retirement plan as defined in s. 402 (c)(8)(B) of the Internal Revenue Code, on behalf of the participant;

A partial lump - sum payment whereby a portion of the accrued benefit is paid to the participant and the remaining amount is transferred to an eligible retirement plan, as defined in s. 402 (c)(8)(B) of the Internal Revenue Code, on behalf of the participant; or

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.

On 17 October 2014, she gets a lump sum super benefit of $ 11,000.

While the updated benefit kicked in on the first of the year, payments won't be made until summertime, when parents will receive a lump sum for the first half of 2015, after which payments will be made monthly.

If you or your beneficiary elect an option other than lump sum, any interest accrued on the death benefit will be taxed.

This benefit is available only for lump - sum payments made on or after July 1, 2016.

The company had previously limited the benefit to employees on their fifth anniversary and in the form of a $ 5,000 lump sum.

Also, if the buyer makes a balloon payment, all of the taxes due on that balloon will be due in one lump sum payment, negating the contract's key tax benefit.

Some have restrictions on the form of benefit (for example, lump sum or income stream) or the amount of the benefit payable.

If you're a dependant of the deceased, you don't need to pay tax on the taxable component of a death benefit if you receive it as a lump sum.

You can receive a lump sum payment from your death benefit, on a discounted basis, if you are diagnosed with a specific critical injury, such as a coma, severe brain injury, severe burns and paralysis.

Term life insurance is defined as a contract between the owner of the policy and the insurer, for a policy on the life of the insured, whereupon the insured's death, the insurer pays a lump sum death benefit to the beneficiary.

(o) If there is no person who would be entitled, upon application therefor, to an annuity under section 2 of the Railroad Retirement Act of 1974 [98], or to a lump - sum payment under section 6 (b) of such Act, with respect to the death of an employee (as defined in such Act), then, notwithstanding section 210 (a)(9)[99] of this Act, compensation (as defined in such Railroad Retirement Act, but excluding compensation attributable as having been paid during any month on account of military service creditable under section 3 of such Act if wages are deemed to have been paid to such employee during such month under subsection (a) or (e) of section 217 of this Act) of such employee shall constitute remuneration for employment for purposes of determining (A) entitlement to and the amount of any lump — sum death payment under this title on the basis of such employee's wages and self — employment income and (B) entitlement to and the amount of any monthly benefit under this title, for the month in which such employee died or for any month thereafter, on the basis of such wages and self — employment income.

You make payments on the policy and, in return, the insurance company provides a lump - sum payment, also called a death benefit, to the beneficiaries you have chosen upon the death of the insured.

For detailed information on how other lump sum benefits are taxed, see the ATO's web pages on lump sum withdrawals and death benefits.

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.

A firm offering a settlement advance charges interest to the beneficiary and may insist on a contract that assigns the lump - sum benefit to the lender as collateral.

Budgeting loans and advances: This is a Government scheme providing interest free loans to those on certain income - based benefits if you need essential items for your home or other things that you can not pay for in a lump sum, such as clothes and furnishings.

Pursuant to these provisions, the Administration withheld the lump - sum death benefit payable to D on her deceased husband's earnings record.

Following R's death, D, his widow, filed an application for the lump - sum death benefit payable on his earnings record, as well as for a widow's insurance benefit to which she was also entitled on his earnings record.

The change in your accrued benefit by month will obviously have some impact on the lump sum value, but not as much as the change in interest rates if there is one.

If the lump sum payment is made through the estate of the deceased member, the amount of the deduction depends on the extent to which an eligible dependant is expected to benefit from the estate.

Different treatment arises for the purposes of your transfer balance account depending on whether, under the payment split, the non-member spouse is entitled to either a lump sum amount or a percentage of the member spouse's superannuation income stream benefits payable from the superannuation income stream.

On 1 January 2015, he withdrew another lump sum benefit of $ 40,000.

These policies offer cover against critical health care expenses such as critical illness, surgery and hospitalization etc. the benefits can be in the form of a lump sum on the diagnosis of any critical illness or fixed expenses on hospitalization.

If you or a family member traveling on an eligible booking is killed or severely disabled, you (or your dependents) can receive a lump - sum benefit.

If the settlement provides for the payment of a lump sum in an amount offered by the insurer and, with respect to a benefit under the Statutory Accident Benefits Schedule that is not a lump sum benefit, the settlement contains a restriction on the insured person's right to mediate, litigate, arbitrate, appeal or apply to vary an order as provided in section 280 to 284 of the Act, a statement of the insurer's estimate of the commuted value of the benefit and an explanation of hoe the insurer determined the commuted value.

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.

The receiving spouse also benefits from lump sum spousal support because he / she can take that money and invest it somewhere or buy a property with it and earn interest on it rather than having to wait each month to get paid or be dependent on his / her ex-spouse.

Discuss your payment options with a PA employment lawyer to decide on what type of payment is in your best interest, since accepting a lump sum will waive your rights to receiving future benefits connected to the injury.

Mr. MacLean succeeded in having the court use all of the companies pre-tax profits for the SSAG calculation based on BCCA law from the cases of Klukas and Teja, defeating the husband's spousal support claim that double dipping applied to BC spousal support and a lower BC spousal and BC child support payment should thus be paid, blocking any $ 350,000 cap argument where BC spousal support is not increased on high salaries above $ 350,000 per year and finally in having the child support portion of the order made retroactive so a large lump sum payment was received for the children's benefit.

Termination pay is usually a lump sum that is calculated based on the terminated employee's regular wages for a given number of weeks, plus the value of employment benefits such as vacation pay and continued benefits contributions, etc..

Yes, in most instances your named beneficiary will receive a non-taxable lump sum payment on your death benefits.

In exchange for paying premiums on a policy, the insurance company provides a lump - sum payment (far in excess of what you paid in), known as a death benefit, to beneficiaries upon the insured's death.

While most lump - sum payout plans have a fixed Sum Assured benefit, some may offer higher or lower benefit depending on the time of death.