Sentences with phrase «lump sum payout option»

You can choose between getting a lump sum payout or a lump sum payout option with regular monthly income.

They now offer a variety of options, such as monthly instead of a one - time lump sum payout option to increase sum assured, premium waiver in case of critical illness or total and permanent disability, and cover for whole life.

Moreover, you can also choose the lump sum payout option.

Lump - sum: When one opts for lump sum payout option, the nominee receives the death benefit as lump sum one - time pay.

Lumpsum: When one opts for lump sum payout option, the nominee receives the death benefit as lump sum one - time pay.

Not exact matches

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

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.

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.

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.

Income Protection Option: Rather than the typical lump sum payout upon death, you can choose to pay your beneficiary the death benefit a monthly income stream.

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.

One common options is if you own a home with home equity you can obtaining a 2nd mortgage or a home equity loan to payout CRA in one lump sum.

Perhaps the most popular payment payout option is the lump sum.

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.

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

General Accounting Office (GAO) Report On Pensions And Lump Sums Among other things, this 2015 report details weaknesses in the information about payout options provided by private pension plans to their participants.

Although they are not the most common payout option overall, lump - sum payments may be useful for heavily - indebted beneficiaries.

You can select whether you want the lump sum as a payout at maturity or opt for structured payouts through settlement option

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

In case of death, the benefit can be taken either in lump sum, or in instalments under the Regular Annual Payout option or 50 % in lump sum and 50 % in instalments as per the policyholder's choice.

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

Transamerica, an A + rated company founded in 1904, offers unique options, with a few of their term life products, such as Living Benefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requiroptions, with a few of their term life products, such as Living Benefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requirOptions to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requirements.

A good retirement option is one that provides a lump sum payout at the retirement age or just before, to meet the relocation expenses from the place where the person is working to his hometown, and regular payments thereafter that serve as monthly earnings for the individual.

There are three options to receive the maturity benefits under the plan which can be chosen either as money - back payouts under Options A and B or a lump sum payout under Opoptions to receive the maturity benefits under the plan which can be chosen either as money - back payouts under Options A and B or a lump sum payout under OpOptions A and B or a lump sum payout under Option C.

The default payout option of most policies remains a lump sum, says Richard Reich, President, Intramark Insurance Services, Inc..

Extra Life Income Option: An extension to the income option, benefits include lump - sum payout in case of death due to accident & regular monthly income (level or increasing) chosen at the time of inceOption: An extension to the income option, benefits include lump - sum payout in case of death due to accident & regular monthly income (level or increasing) chosen at the time of inceoption, benefits include lump - sum payout in case of death due to accident & regular monthly income (level or increasing) chosen at the time of inception.

You have the option to choose your payouts in lump sum amount or as regular income.

Your nominee also has an option to take the Death Benefit as a lump sum benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded yearly.

Another endorsement — the Income Protection Option (IPO)-- will allow the policy owner to choose a specific form of payout for the policy's death benefit, including either a lump sum at various times or monthly payments to the beneficiary, at the time of policy issue.

Payout option is Lump sum.

Income Protection Option: Rather than the typical lump sum payout upon death, you can choose to pay your beneficiary the death benefit a monthly income stream.

PNB MetLife Mera Term Plan offers four sum assured pay out options to select from either full lump sum payout, payout as lump sum + Regular monthly income, Payout as lump sum + Increasing Monthly Income and Payout as Lump sum + Regular Monthly Income till your child turnslump sum payout, payout as lump sum + Regular monthly income, Payout as lump sum + Increasing Monthly Income and Payout as Lump sum + Regular Monthly Income till your child turpayout, payout as lump sum + Regular monthly income, Payout as lump sum + Increasing Monthly Income and Payout as Lump sum + Regular Monthly Income till your child turpayout as lump sum + Regular monthly income, Payout as lump sum + Increasing Monthly Income and Payout as Lump sum + Regular Monthly Income till your child turnslump sum + Regular monthly income, Payout as lump sum + Increasing Monthly Income and Payout as Lump sum + Regular Monthly Income till your child turPayout as lump sum + Increasing Monthly Income and Payout as Lump sum + Regular Monthly Income till your child turnslump sum + Increasing Monthly Income and Payout as Lump sum + Regular Monthly Income till your child turPayout as Lump sum + Regular Monthly Income till your child turnsLump sum + Regular Monthly Income till your child turns 21.

Offers 4 sum assured pay out options to select from either full lump sum payout, payout as lump sum + Regular monthly income, Payout as lump sum + Increasing Mopayout, payout as lump sum + Regular monthly income, Payout as lump sum + Increasing Mopayout as lump sum + Regular monthly income, Payout as lump sum + Increasing MoPayout as lump sum + Increasing Monthly.

Lump sum payout with in - built conversion option for Cancer, Heart attack or Stroke of defined severity

One can either go for a money back option which offers guaranteed payouts every year after a few years or a lump sum payout at the end of maturity of the insurance.

Death Benefit Payout option: The policyholder can opt either lump sum option or installment option.

This option has a lump sum payout.

Most people believe that lump sum option is the only type of payout.

Aegon Life EduCare Advantage Plan — A participatory child education plan with a limited premium payment option which provides lump sum payouts in the last 4 years of the policy's life.

In case you are worried about facing a sudden financial crisis, it is better to choose a plan that offers a lump - sum payout option.

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

Settlement Options at Maturity to either receive the payout in lump sum or in the form of periodical payments

In case, any of the mentioned Critical Illness occurs, the Benefit is paid to you as a Lump sum amount, as selected during the inception, heedless of the death benefit payout option you choose, subject to the policy being in function and the payment is made for all the due payments.

Under the Aspiration option for Maturity Benefit payout, lump sum is paid on Maturity which is the Sum Assured and Guaranteed Additions where the total benefit received is equal to 125 % of the SA

In Unit Linked Polices instead of taking a lump sum amount at maturity, some plans provide policyholders with the option to receive the Maturity Benefits as a structured payout (periodic instalments) over a period of time (say, 5 years or any time up to 5 years) after maturity.

Option to choose as lump sum, monthly income payout or annual increase in payout safeguards your family against the loss of the income.

The ICICI term insurance cover offers need based benefit payout option available in the form of lump sum or monthly income for 10 years