Sentences with phrase «lump sum cash payment»

Typical critical illness insurance products refer to policies where the insurer pays the policyholder a pre-determined lump sum cash payment if the policyholder is diagnosed with a critical illness listed in the policy.
If you are diagnosed one of these illnesses while you're a policyholder, your insurer will typically pay you a lump sum cash payment.
Single premium policies — which you fund with a lump sum cash payment at purchase — qualify as MECs.
Reverse mortgage solutions are a type of loan that lets homeowners 62 years of age or older borrow against the equity in their home to receive a lump sum cash payment, monthly payments or a line of credit.
[47] The Reimbursement Agreement binds the appellant to make the repayment called for in the Plan, hence, repayment of a portion of any lump sum cash payment made upon or contingent upon resolution of a claim for compensation made against a Third Party.
Life insurance policies often allow the option of having the proceeds paid to the beneficiary either in a lump sum cash payment or an annuity.
If you are diagnosed one of these illnesses while you're a policyholder, your insurer will typically pay you a lump sum cash payment.
Critical illness insurance is a type of insurance that provides you a tax - free, one - time, lump sum cash payment in the event you're diagnosed with a major illness or condition such as cancer, heart attack etc...
Upon being diagnosed, you can access a portion of your death benefit as a lump sum cash payment to use however you see fit.
Critical Illness Insurance is a type of policy where the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illness on a predetermined list agreed upon in the policy.
The protection pays a lump sum cash payment upon diagnosis of cancer, a heart attack or stroke.
The amount of money you would receive in this case is much less than the amount that your beneficiaries would receive, but the lump sum cash payment could definitely come in handy if you have no other resources for cash.
There are alternative forms of critical illness insurance to the lump sum cash payment model.
Critical illness insurance, otherwise known as critical illness cover or a dread disease policy, is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.
Rather than pay a mortgage payment every month, some home buyers prefer to buy it outright by handing over a lump sum cash payment.
With this type of mortgage refinance, you are applying for and taking a new mortgage for an amount greater than what you owe on the home so that you can receive the difference in a lump sum cash payment.
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