Sentences with phrase «lump sum payout of»

Critical illness plans offer a lump sum payout of the coverage amount upon diagnosis.

Total lump sum payout of Rs. 2,17,990 @ 8 % or Rs. 1,90,165 @ 4 % is payable.

Total lump sum payout of Rs. 2,17,990 @ 8 % or Rs. 1,90,165 @ 4 %

Four options offered by HDFC Click 2 Protect Plus are — 1) Life Option - Lump sum payout of Death Benefit 2) Extra Life Option (Accidental Death Benefit)- Lump sum payout of Death benefit in addition extra Sum Assured is paid in case of death due to accident.

Extra Life Option (Accidental Death Benefit)-- Lump sum payout of Death benefit in addition extra Sum Assured is paid in case of death due to accident.

Benefits - there is lump sum payout of 25 % for mild, 50 % for moderate, and 100 % for severe stages of illness.

You'll also have the right to claim a lump sum payout of suspended benefits up to age 70.

Not exact matches

Ohio's share of the lump - sum payout would be $ 23 million, hardly pocket change but still a fraction of the state's $ 56 billion two - year budget.

In its simplest and least expensive form (often called a «simple income annuity»), an annuity gets you a potentially riskless stream of income: You give an insurer a lump sum, and in exchange you get a lifetime of payouts, akin to Social Security checks.

Based on 24 years of experience, you'll find out the important step - by - step methods to sell your ideas for a lump sum payout or license for recurring royalties.

Distribution — The payout phase of an annuity comes when the accumulated value is distributed — either via a lump sum or a series of payments over time.

The payouts from an annuity contract can be made as one lump sum or as a series of payouts over time based on your needs.

You can choose any of the payout options based on your financial requirements — a) Lump sum or b) Increasing Monthly Income or c) Lump sum plus Increasing Monthly Income

Cash payouts can be received in a lump sum, as a line of credit, or in installments for as long as the borrower lives in the house.

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paid.

Ferri suggests readers consider the source of the windfall (a pension payout is treated differently from a lottery win) and the size of the lump sum relative to your existing portfolio.

If you choose to go with a fixed interest rate, you must take out a lump sum, whereas if you choose to go with a variable interest rate, you have the option of receiving payouts as a lump sum, line of credit, monthly payments, or a combination of all three.

You should also check out the Consumer Financial Protection Bureau's lump - sum payout guide and the Department of Labor's «Beyond the Numbers» report, both of which provide a good overview of the relevant issues in the annuity vs. lump decision.

This person of your choosing — often a spouse, child, friend or sibling — will receive the insurance payout in a lump sum and can put those funds toward the cost of your final wishes, whether they be burial, cremation or another request.

Lump sums can come from several different sources — a pension payout, inheritance, the sale of property or a business, or even winning the lottery.

If you are the beneficiary of a life insurance policy, you typically have two options for receiving your payout: in a lump sum or in installments.

Apartment insurance fraud and Riverside Renters Insurance is a topic that attracts a great deal of attention from people looking for lower rates or easy lump sum payouts.

Take a lump sum payout now of $ 13,705 which I could take as cash, rollover to an IRA or Roth IRA.

Additionally, the death benefit of life insurance is not taxed to the trust beneficiary, allowing the beneficiary to receive a large lump sum cash payout.

Instead of taking the Death Benefit of a life insurance policy all at once as a lump sum, it's also possible to receive the policy's payout in regular installments.

While there are many payment options, the Consumer Finance Protection urges borrowers to consider the monthly payment or line of credit options over the lump - sum cash payout.

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.

If they later changed their minds, they could get a lump - sum payout back to the date of those applications.

You can receive your funds as a monthly income stream, in a lump sum payout, or as a combination of the two.

Mike Bernier, CFP ® explains whether you should take the lump sum payout from your pension plan when you're retired in Pure Financial's Question of the Week.

Pension plan members in the private sector need to at least consider the risk of their company being able to fund their pension payments for life if they have the opportunity to commute their pension and otherwise take a lump - sum payout upon leaving the plan.

This type of policy is beneficial to those who outlive the policy and want a lump sum payout for retirement or to pay for college expenses.

The benefit can be paid in installments or a lump sum, with the beneficiary receiving the balance of the insurance payout after the policyholder's death.

You can receive your money in a variety of ways — as a lump sum, a line of credit, a series of regular payouts or a combination of these.

Those of us with the required years got the option of a lump sum payout, those with less than 5 years had no vested value and got nothing.

It may have been from a Defined Contribution (DC) pension plan where you bought mutual funds during your employment or it may have been from a Defined Benefit (DB) pension plan where you chose a lump - sum payout instead of a future monthly pension payment.

However, If you recently came into a large lump sum — from an inheritance, the sale of a property or business, or a pension payout — things are a little different.

This may take the form of a lump sum loan payout, or it may take the form of a line of credit, often known as a «Home Equity Line of Credit.»

They also have an Income Provider option that allows you to select from a combination of income stream and lump sum payouts for your beneficiaries.

Income Provider Option allows you to select from a combination of income stream and lump sum payouts for your beneficiaries

Those at the top of the grid get a lump sum payout.

But keeping the time value of money in mind, insurance companies charge lesser premium for such a plan compared to the lump - sum payout term insurance plan, for a specific Sum Assured.

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.

Accidental death and invalidity: Offers a lump - sum payout to the insured for personal disability or to their survivors in the event of accidental death.

Additionally, the policy owner has the right to change the mode of premium payment, i.e. annual, semi-annual, quarterly or monthly bank draft as well as the payout method, i.s. lump sum, lifetime annuity or period certain annuity.

In most cases, the beneficiary of the life insurance plan is going to receive the payout in a lump - sum, which means that they are going to get all of that money at one time.

Most term life insurance policies have a monthly premium that will not change throughout the term of the policy and a fixed lump sum payout if you die during the term period.

A term life insurance payout is another form of a lump sum payment, once it's paid out to your beneficiary they can use it to pay for anything.

Recurring payout option also allows the beneficiary to receive a lump sum benefit instead of regular monthly or yearly payouts anytime after the death of the life insured.

The annuity payouts occur from the next chosen frequency immediately after payment of lump sum premium and the payouts are available under various options