Sentences with phrase «lump sum payment at»

The policyholder also receives a lump sum payment at the time of maturity otherwise the nominee receives a lump sum amount after the death of the policyholder.

In return for your premium contributions, the insurance company agrees to provide either a regular income, the right to withdraw up to a certain percentage per year, or even a lump sum payment at some future time.

Single premium whole life requires one lump sum payment at the outset.

It provides a good sum of financial protection against death as well as has the option for lump sum payment at maturity.

The plan will provide a lump sum payment at retirement amounting to most one - third of the corpus collected and the stability fee of the corpus may be applied to generate stable income for recurring costs.

It also has a provision for a lump sum payment at the end of a policy term period.

Offers financial assistance as lump sum payment at particular intervals and thus fulfill financial commitments in future.

Under the single pay option you can make lump sum payment at the inception of the policy.

So, you can have a plan where there is no lump sum payment at all and the entire Sum Assured is paid in monthly installments.

They don't receive a single lump sum payment at the beginning of the plan year.

Others, known as balloon loans, may let you make smaller payments, such as just paying the interest, and then require a lump sum payment at the end of the term.

Balloon loans are short - term fixed rate loans that have fixed monthly payments based usually upon a 30 - year fully amortizing schedule and a lump sum payment at the end of its term.

You can choose to put your challenge savings into your emergency fund, invest it, put it toward debt as a lump sum payment at the end of the year, or to pay for Christmas gifts for your friends and family.

Contracts may be structured similarly to residential conforming mortgages, where they pay down to zero, or may also be set up with balloons, requiring the buyer to make a large lump sum payment at some point in time.

And by putting that cash to use paying down your student loans over the course of the year (instead of waiting and making a lump sum payment all at once come tax season) you'll save even more money by slashing away at the principal.

Even if you're struggling with debt, it would be a good idea to make a few large lump sum payments at least twice a year to indicate that you do have some cash to pay down the debt — send them at least three or four times more than the minimum required.

With debt settlement services your creditors will not get paid on a monthly basis, but rather in lump sum payments at the time when settlements occur.

This plan provides lump sum payments at regular intervals, so you can meet your & your family's interim financial requirements.

Not exact matches

You give an insurance company money in a lump sum or in payments over a period of years, then at retirement, the cash gets «annuitized,» or paid out in a string of payments based on your life expectancy.

Unlike purchase arrangements at other carriers, Sprint's leases require the customer to turn their iPhone in at the end of the 18 - month term or make a lump sum payment (customers can also upgrade their phone after 12 months).

A balloon payment is a lump sum paid at the end of a loan's term that is significantly larger than all of the payments made before it.

If you've ever seen The Shark Tank, the American Dream is to create a product and sell it to an investor and make millions of dollars, whether it be for recurring passive income, or whether it is a huge lump sum payment, but why not try your hand at creating another passive income strategy for 2016.

But many borrowers can't afford the lump sum payment, so they roll over the original loan, plus the original fee plus a new fee, which is higher than the initial fee because the borrower owes both the principal plus that fee at this point.

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

One option is known as «single premium», in which you make a lump - sum payment at the time of closing which covers your PMI policy for as long as your mortgage is active.

If you bought a home at the median price of $ 255,990 and wanted to avoid paying private mortgage insurance, you'd need to put down a 20 percent down payment (more than $ 50,000) in one lump sum.

Note: Welfare is measured as equivalent variation — the lump - sum payment to households to leave them as well off without the TPP as with it; values are in Canadian dollars (millions) at 2017 prices.

«And doing that enabled us to better manage our cash flow, and our resources, and our work schedules, and our efficiency because we were now doing more work throughout the year and receiving more payments throughout the year, instead of large lump sums at the same time of every year,» says Kendrick.

«I never hid from it, I never avoided working with the IRS to work this out... I've reduced it through monthly payments and at end of the year I made four lump sum payments to bring that balance to zero.»

Parker received a lump - sum payment last month for his $ 22,000 leadership stipend, forcing Senate Majority Leader Malcolm Smith (D - Queens) to scramble Monday for a way to get at least some of the the money back.

The Islanders» sublease with SMG, agreed upon during the final days of Democrat Thomas Suozzi's tenure as Nassau County executive in December 2009, also stipulates that the hockey team owes SMG a $ 7 million lump sum at the end of the lease as part of a deferred rent payment plan.

When an individual retires under a DB plan, she is entitled to a stream of payments that has a lump - sum value that we calculate using standard actuarial methods (which take into account expected mortality patterns and adjust the sum of payments to reflect the fact that they are received over many years rather than at a single point in time).

At the same time we are making funding fairer, consulting on proposals for a new national funding formula so that areas with the highest need attract the most funding — including plans for a lump sum payment to meet school costs, with extra funding for our smallest and most remote schools.»

That's because you can manage your payments on a month - to - month basis, rather than pay a lump sum all at once, and you can drive your vehicle the entire time you're paying it off.

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

That means paying more than your monthly payment — either in a lump sum at a time of your choosing or by paying extra each month.

When you and the seller agree to a price, you will need to make a down payment — the lump sum in cash that you can afford to pay at the time of purchase.

A balloon auto loan or residual payment loan is a loan in which monthly payments are made for a certain amount of time, ending with a lump sum payment to the lender at the end of the loan term.

A balloon payment is a lump sum paid at the end of a loan's term that is significantly larger than all of the payments made before it.

You can execute transaction baskets too, that is, upto 12 transactions of a single nature (Lump sum or SIP or STP or Switch) at one time and with one payment.

One option is known as «single premium», in which you make a lump - sum payment at the time of closing which covers your PMI policy for as long as your mortgage is active.

This means that the mortgage is paid off in a lump sum all at once, rather than in a series of fixed payments like for other installment loans.

Mortgage insurance may come with a typical pay - as - you - go premium payment, or it may be capitalized into a lump - sum payment at the time of mortgage origination.

For example, if you were to purchase a 5 - year Deferred Fixed Annuity, you might receive your payment as one lump sum at year 5.

The premise behind an immediate annuity is simple: you give an insurer a lump sum in return for monthly payments that start at once and continue the rest of your life.

«But it's probably the best time to pay down debt, because lump sums go against the principal and reduce the interest you'd incur on future payments at higher rates.»

They can either take a reduced lump sum all at once of US$ 930 million (CA$ 1.3 billion) or take annual payments over 29 years that are projected to yield you a total of US$ 1.5 billion.

«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.»

A cash - out refinance enables you to pay off your existing mortgage (s) and also to take out some of your home equity in a lump - sum cash payment at closing.

Payments can be given all at once in a lump sum, as a regular monthly term payment or through a line of credit at times and in amounts that you choose.