Sentences with phrase «lump sum premium»
Or, if an individual would rather choose the single premium whole life option, they can just make one lump sum premium payment and have the policy completely paid up.
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This policy is a single premium index life insurance plan, so there is just one single lump sum premium required, and then the policy will be considered paid up.
In single premium, only one time lump sum premium is paid.
This policy is a single premium index life insurance plan, so there is just one single lump sum premium required, and then the policy will be considered paid up.
Whether you choose single premium whole life or single premium universal life, these policies require a single large lump sum premium.
This policy, however, only required one lump sum premium in order for the policy to be considered paid up.
After just one single lump sum premium, there are no additional premiums that are due.
The annuity payouts occur from the next chosen frequency immediately after payment of lump sum premium and the payouts are available under various options
Employers would no longer be rewarded with an annual lump sum premium rebate or levied a lump sum surcharge, but would rather see an opportunity to use a consistent improvement in performance from year to year to move into lower risk bands and lower premium rates.
The SAGE Choice Single Premium Deferred Annuity offers the ability to make just one, single lump sum premium deposit.
For example, if this same 70 year old woman paid for this policy on an annual basis, instead of by lump sum premium, she might pay $ 1,650 per year for this coverage.
It is a single lump sum premium scheme with a minimum deposit of Rs. 66,665 and a maximum limit of Rs. 6,66,665.
Future Generali Pramukh Nivesh: This is a single premium unit linked insurance plan i.e. it is available with a one - time lump sum premium payment option only.
By paying a one - time lump sum premium, the plan provides a regular stream of income throughout the lifetime of the annuitant.
In case this death is due to an accident and if all due premiums have been paid, an additional Sum Assured will be paid to the nominee in the form of a lump sum
Single Premium Whole Life — A single premium whole life policy will be paid up after paying just one single lump sum premium payment.
The lump sum premium payment is an attribute of immediate annuities and ALSO means that they fall into the category of non-qualified annuities as compared to qualified annuities.
Mortgage Insurance Premium: The lender may require you to pay your first year's mortgage insurance premium or a lump sum premium that covers the life of the loan, in advance, at the settlement.
With the EstateWise Single Premium Whole Life insurance policy, there is only one lump sum premium to make, and then the policy is paid up.
ICICI Pru Immediate Annuity — a traditional pension plan which provides annuity payouts immediately after paying the lump sum premium.
a traditional pension plan which provides annuity payouts immediately after paying the lump sum premium.
On death, the annuity payments stop and the lump sum premium paid to avail the annuity might be returned if the plan states.
With one lump sum premium, you can turn a portion of your retirement savings into a lifetime of guaranteed income payments with the New York Life Guaranteed Lifetime Income Annuity II.
Prepaid Life Insurance Taxation: Certain plans allow the insured to pay a lump sum premium.
Here, only one lump sum premium is required, and the policy is then considered to be paid up.
This is a Single Premium plan where you pay a lump sum premium amount, and opt for a suitable Annuity Option as per your requirements.
A lump sum premium is required to be paid to the insurance provider and as per that premium; a set amount is available to the policyholder.
Due to the large amount of money that is deposited with this one lump sum premium, a single premium whole life insurance policy will usually begin with a significant amount of cash value right from the start.
In case of immediate annuity, the insurance provider will pay the pension plan amount immediately after receiving the single lump sum premium.
Depending on when the policy was brought and the type of premium, the vesting age can be your current age if you opt for the pension plan payment to start right away (immediate annuity — lump sum premium) or after a few years such as 10 - 15 years.
Single Premium — Regular Premium Plans: Depending on one's needs and premium paying capacity, one can either go in for a plan where one has to pay a lump sum premium once during the policy tenure, also known as single premium plans.
The insurance company pays the annuitant the annuity pension plan amount right after the receipt of the lump sum premium.
Shriram Immediate Annuity Plan is a traditional pension plan where annuity starts immediately after paying a lump sum premium and thus it allows the policyholder to plan for retirement.
Lump sum premium payment mode is cheaper
Premium Payment - This is a different plan since it requires you to pay one - time lump sum premium.
Lump sum premium is paid once over the term of the insurance policy.
Annuity will be calculated at higher rates for plan purchased online and lump sum premium (or purchase price) of Rs 250,000 or higher
An employer usually chooses to cover all insured members under the same risk and therefore, pays a lump sum premium to the insurance company.
The lump sum premium payment is an attribute of immediate annuities and ALSO means that they fall into the category of non-qualified annuities as compared to qualified annuities.
This is a single premium plan where you pay a lump sum premium amount, and opt for a suitable annuity option as per your requirements.
However, unlike traditional life insurance where premiums may be paid over a lifetime, linked benefit policies require either a single lump sum premium payment or a series of up to 10 annual payments.
Some life insurance plans allow the policyholder to pay a lump sum premium up front.
b) Immediate Annuity Plans: In this type of plan a single lump sum premium payment is made by the annuitant to the insurance company.
«MEC's» occur when a policy is paid for with a one time, lump sum premium.