Sentences with phrase «lump sum benefits if»

The Critical Illness Benefit Rider provides a one - time lump sum benefit if the insured experiences a covered critical illness and meets the benefit eligibility requirements.

Critical Illness Benefits Rider: Receive a lump sum benefit if you are diagnosed as critically ill.

For example, a supplemental critical illness policy may pay a lump sum benefit if you're diagnosed with a heart attack, stroke, cancer, end - stage renal disease, or need an organ transplant.

Critical Illness Insurance, sometimes referred to as Specified Disease Insurance, is a type of insurance which provides a lump sum benefit if an insured is diagnosed with one of the conditions specifically listed in the policy.

Critical Illness Benefits rider: Pays a lump sum benefit if you are diagnosed with a qualifying critical illness.

For example, their Saver's Bridge Short - Term Medical policy allows up to $ 2 million in lifetime benefits while the Critical Illness policy offers a lump sum benefit if you happen to be struck down by multiple sclerosis, cancer, paralysis, deafness, blindness, stroke, major organ transplant, coronary artery bypass (only a certain percentage of the value), or a heart attack.

Not exact matches

If you die during these years, the term policy is there to provide a lump sum death benefit to your survivors.

If you're enjoying this low - interest loan, it may make more sense to invest that lump sum in an investment that will yield more returns than you're paying to borrow for your home (especially when factoring in tax benefits).

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.

The logic behind this (as I remember it from one of Clegg's speeches) was that by the time the child reaches 18 years old, a lump - sum windfall may deliver a short - term benefit but will be of little use in the long - run if they had a poor education.

If something were to happen to me, the way the system is right now, without me taking the pension, she would have just received a lump sum payment, not a monthly benefit.»

When you roll over a lump sum for your member after they have satisfied a condition of release, if they chose to move their benefits to another super fund.

If you're between your preservation age and 60 years old and receive a lump sum super benefit that includes a taxable component, you must include it in your tax return.

If the death benefit is worth $ 1 million, and you elect to receive an annuity that pays out 6 % per year, you have to wait almost 17 years just to break even with what you'd get from a lump sum.

If you receive one or more super member benefits that are super lump sums in an income year, the LRC amount is reduced for the next income year by the total of the amounts that both:

A payment can only be a rollover super benefit if it first qualifies as both a super lump sum and super member benefit.

If the insured dies within this term (10, 15, 20, 25, 30, or 35 years), the life insurance company pays a lump sum death benefit to the policy's beneficiaries.

If you're under 55 when you leave your company, you'll be offered the option of taking your pension benefit as a lump - sum payment.

«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.»

Unfortunately, many, if not most, companies that have a lump sum option offer only an either - or choice: take your entire pension benefit as a lump or lifetime payments.

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.

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

You pay a premium (payment) in return for a death benefit (the lump sum that will be paid to your survivors if you die while the policy is in force).

If you have questions about whether your pension benefit — be it annuity payments, a lump sum or both — has been calculated correctly, the American Academy of Actuaries» Pension Assistance List may be able to provide answers.

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.

If you're not a dependant of the deceased, the death benefit must be paid as a lump sum.

If you're a dependant of the deceased, the death benefit can be paid as either a lump sum or income stream.

If you have a qualifying terminal illness, the rider kicks in and your life insurance company will pay you a lump sum from your death benefit of anywhere between 25 and 80 percent.

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 suIf 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 suif you receive it as a lump sum.

Critical Illness Benefit Rider: covering qualifying critical illnesses such as heart attack, stroke and cancer, this optional rider will pay you a lump sum of $ 20,000 up to $ 150,000 if you are diagnosed with a qualifying major illness.

The policy includes an accelerated death benefit rider which will pay you a lump sum if you are diagnosed with a qualifying terminal illness.

The Legalese A life insurance policy with a critical illness rider will pay out a lump - sum benefit to the insured if they are diagnosed with a covered critical condition (such as cancer, stroke, or a coma).

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.

Pays a lump - sum benefit if you should pass away.

Richard asks: If «volatile markets are the new normal», will this new reality drive prospective retirees to take the monthly benefit, rather than a lump - sum distribution?

(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 incomIf 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 incomif 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.

If you die, the policy pays out a lump sum death benefit to your beneficiary.

Critical Illness Benefit Rider which pays you a lump sum from $ 20,000 to $ 150,000 if you suffer from a qualifying major illness such as hearth attack, stroke or cancer.

Even if you do have a large estate, a lump sum death benefit is often needed to provide necessary liquidity for business continuity and family business succession planning.

The changes, which were part of the budget deal signed into law last week, also eliminated the option of getting a lump - sum payout if you suspended an application for benefits and later changed your mind.

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.

If your beneficiaries elect to receive the death benefit as installments rather than a lump sum, some of that will be taxed.

If a member has a terminal medical condition and two medical professionals certify that the condition is likely to result in the member's death in the next 24 months, the balance of their super account may be paid as a tax - free lump sum benefit.

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.

Critical illness insurance, that pays a lump - sum benefit if your husband develops a critical illness, may be supplementary.

If your beneficiary is a spouse or dependant they may choose to receive your death benefit payment as a pension or a lump sum.

If the policyholder dies while the policy is in force, the coverage amount (grimly called a «death benefit») is paid out in one tax - free lump sum to the beneficiaries named in the policy.

If the policyholder dies while the policy is active, the insurer pays out a tax - free lump sum of money — the death benefit.

If your final salary service includes service before 1 January 2007, you will get a programmed lump sum when you take your final salary benefits.

If you only have final salary service after that date, or have any career average service, you will not get any programmed lump sum when you take your benefits.