Sentences with phrase «lump sum payment from»

Within 2 to 3 weeks the beneficiary receives a lump sum payment from the insurance company.

You can receive a lump sum payment from your death benefit, on a discounted basis, if you are diagnosed with a specific critical illness, such as ALS, cancer, stroke, heart attack, blindness, etc..

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.

If you die during the terms of the contract, your named beneficiary will receive a million dollar lump sum payment from the insurer.

I met with a lady the other day who just received a lump sum payment from her former employer as her severance package; her employer's business was closing down and she had to be let go.

You can take a lump sum payment from your super fund when you retire.

If you die during the terms of the contract, your named beneficiary will receive a million dollar lump sum payment from the insurer.

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.

From a strictly financial perspective, I think one would probably be better to take a lump sum payment from a lottery.»

The Association of British Insurers (ABI) has responded to the Treasury's announcement that pensioners will be able to cash in their annuities for a lump sum payment from April 2017.

Not exact matches

According to the Pension Rights Center, you should consider a one - time, lump - sum payment from your employer if you're sick, your life expectancy is short or you don't have a surviving spouse that will need to rely on lifetime income.

Whether it's from a tax refund, inheritance, bonus, or something else, making a one - time, lump sum extra payment towards your debt can help you save money.

Disposable income was also boosted by the measures in the May 2004 Budget, particularly the lump - sum payments associated with the Family Tax Benefit and the income tax cuts from 1 July.

The settlement requires payment of a lump sum amount of $ 50,000 from Target Canada Inc. for the exclusive benefit of a registered charity selected by your Representatives.

«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.»

Tier VI also eliminates lump sum payments of unused sick and vacation time from the calculation of final average salary.

The plan unveiled Monday would shift Medicaid from an open - ended federal matching payment to a per capita lump sum payment.

«The new GI Bill has a change from the current bill that anyone who has written a tuition check will appreciate: Like the WWII - era GI Bill, the new bill makes its tuition payments available as a lump sum for a semester, quarter, or term, which is how most institutions charge tuition.

Famous retail names such as Apple, Waterstones, Tesco, Folyes, Blackwell, The University Bookshop, Baker & Taylor and the Hive to name but a few.We manage your eBook upload and quality checking for your eBook, you receive a monthly payment from each of the retailers as a single lump sum.

Debt - settlement companies tend to hold monthly payments from you until they have a lump sum they can offer a creditor in exchange for a settlement.

When you agree to settle with lump sum payments, make sure to inquire about the agency agreeing to remove the information from your credit report.

Years of service buy backs can be paid in a lump sum, with installment payments or by direct trustee - to - trustee rollovers from another eligible retirement plan.

An income annuity that converts a lump - sum premium payment into a stream of income payments beginning within one year from purchase.

Q: My husband is retiring from teaching and will receive a large lump sum payment, but if he doesn't put it into a retirement specific account he'll have to pay about 30 % in tax on this sum.

Borrowers may choose how they wish to receive proceeds from a reverse mortgage: as a lump sum, in periodic payments, as a line of credit, or a combination of these options.

Hundreds of people were called from the hacked number and were being told that they had the ability to completely pay off their educational debt with one lump sum payment.

As soon as you file your income taxes and receive your refund from the state or IRS, you pay the tax refund loans back in a single, lump sum payment.

The following features are prohibited from high - fee, high - rates loans: 1) All balloon payments - where the normal payments do not pay off the principal balance in full and a lump sum payment of more than twice the amount of the normal payments is required - for loans with less than 5 yr.

Even if you decide you're more inclined to go with the annuity, you should first determine whether the monthly payments you'll receive from your pension will be higher than what you could get by taking the lump sum, rolling it into an IRA and then buying an immediate annuity within that IRA that will make lifetime payments.

The time you spend in the Peace Corp will count only if you 1) do not choose to get an economic hardship deferment and make scheduled payments during your service or 2) make a lump sum payment on your loan from the Peace Corps transition allowance no later than six months after you receive the allowance.

From 2013 label changes were made to better capture lump sum and income stream benefit payments for members that may have previously reported a combination of such benefit payments.10

Note: From 1 July 2017 partial commutation payments are treated as super lump sums for tax purposes and do not count towards minimum annual pension payment requirements.

On the one hand, filing for chapter 13 bankruptcy can help you save a home from foreclosure by forcing your lender to take past due mortgage payments in small increments over a 3 - 5 year period rather than forcing you to pay back what you owe in a lump sum right away.

From 1 July 2017, you will no longer be able to elect to treat your super income stream benefits (that is, the periodic payments you receive) as lump sums for tax purposes.

A reverse mortgage, also called a home equity conversion mortgage (HECM), lets seniors who are at least 62 years old access the home equity from their primary residence in the form of a lump sum, a line of credit, a stream of monthly payments or some combination of these.

• The following sources are not included in annual income but will be considered in determining the ability to repay the loan: − Income from minors − Food stamp allotment − Payments from foster care − Irregular cash gifts − Lump sum additions, such as capital gains, etc. − Medical reimbursements − Educational benefits − Hazardous duty pay for military person exposed to hostile fire Note: Not every situation can be thoroughly addressed and this sellers guide is not all - encompassing.

While her $ 200 a month payments make up about 75 % of her annual contributions, she can't completely get away from the lump sum approach.

It makes a lot more sense for anyone that has a chunk of cash sitting in the bank and are planning on slowly drawing from it because you technically still have all that money in a property (or multiple properties) and can sell them if you really need the lump sum of cash but you'll earn great interest payments until you do that.

Secondly, if your beneficiary is not disciplined financially, receiving a large amount as lump sum payment being the proceeds from your life insurance policy may encourage him to spend the whole money carelessly.

This is different from debt negotiation in that a debt negotiation company has you make payments into a trust account and then pays the creditor in a lump sum at a reduced rate.

Q: I have an opportunity to take early retirement, and I have the choice between taking a lump sum from my employer or a series of monthly payments.

Similar to an equity loan, you can receive the loan amount in a single lump sum or in equal monthly installments paid to you from the creditor, which is why it is a reverse mortgage — you receive payments rather than make them each month.

Whether it's from a tax refund, inheritance, bonus, or something else, making a one - time, lump sum extra payment towards your debt can help you save money.

In a debt settlement, the lender agrees to accept less than the full balance of a debt in return for a lump - sum payment from the consumer.

You need to be able to raise a lump sum to pay the creditors or be able to make regular payments from your income to your creditors.

For instance, if you owe $ 15,000 in credit card debt but are able to make a lump sum payment of $ 9,000 from savings or a windfall you receive, your creditor may agree to forgive the remaining debt and you would not have to pay it.

This means until the member has satisfied a condition of release with a «nil» cashing restriction, any unrestricted non-preserved benefits of theirs allocated to the TRIS (which would otherwise be fully accessible as a lump sum super benefit) are diminished by the annual pension payments from the TRIS.

You could put the lump sums that accrue from the coupon payments and bond maturities into the worst performing component of the sleepy portfolio.

You may even lose your job at some point; experience a disability; retire early, transfer a commuted value lump - sum payment from your pension into a locked - in RRSP; or decide to defer your pension start date at retirement — all things that could create a year or number of years where your income is significantly lower and strategic RRSP withdrawals could be made at a lower tax rate than today.

The tax - free income generated from the equity in the form of a loan is then available to the senior as a lump sum, fixed monthly payments, a line of credit, or a combination of these payment options.