Sentences with phrase «lump sum premium in»

Not exact matches

Converting a typical U.S. monthly rate to a lump - sum premium using the rate schedule of PMI Group, the second - largest mortgage insurance firm in the U.S., an American customer with a fixed - rate 25 - year mortgage can expect to pay 1.15 % of the loan value to insure a mortgage with 10 % down.

Many reward for good credit, loyalty, paying your annual premium as a lump sum (rather than in monthly installments) and for bundling coverage, Fisher said.

Because your life insurance premiums are paid with after tax dollars, the death benefit is able to be paid out in lump sum without any state or federal taxes being withheld.

This is where the borrower accepts a slightly higher interest rate in exchange for the lender paying the mortgage insurance premium up front, as a lump sum.

Single premium PMI allows the homeowner pay the mortgage insurance premium upfront in one lump sum, eliminating the need for a monthly PMI 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.

Another option is to add the PMI premium in a lump sum to your mortgage balance and to repay it as part of your monthly mortgage 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.

There are many more discounts available, ranging from bundling different policies together such as home and auto insurance or paying your premiums in one lump sum instead over monthly installments.

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 paiIn 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 paiin force and all due premiums have been paid.

The premium can be paid in a single lump sum or it can be added to your mortgage and included in your monthly payments.

In exchange, the policy holder pays premium either on lump sum basis or regularly.

You (the annuity owner) make a lump - sum payment or a series of premium payments to an annuity issuer (the insurance company), which will accumulate earnings at a fixed interest rate (a fixed annuity) or a variable rate determined by the growth (or losses) in investment options known as subaccounts (a variable annuity).

You pay a premium (payment) in return for a death benefit (the lump sum that will be paid to your survivors if you die while the policy is in force).

Single premium life offers permanent life insurance that is paid up in a onetime lump sum payment.

The upfront premium is paid in a lump sum at closing or added to the loan balance, unlike the monthly premium, which is paid over the life of the loan in addition to the interest and principal.

You can choose to make premium payments in either a single lump sum or multiple payments over time.

Single premium PMI means you pay the mortgage insurance premium upfront in a lump sum, either in cash or by financing it into your loan amount.

In exchange for a lump - sum premium, the insurance company promises to give you a steady, guaranteed paycheck for life.

In exchange for premium payments, a life insurance policy provides a tax - advantaged lump - sum payment, known as a death benefit, to the beneficiaries when the insured passes away.

Under a single premium plan, the entire premium covering several years is paid in a lump sum at closing.

You give an insurer a lump sum of money (the premium) and in return you get a monthly payment for as long as you live, regardless of how the financial markets are behaving.

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

A Life Insurance with Single - premium benefits is a type in which the premium is paid in lump sum to the policy to which in return death benefits are promised to be paid until the policyholder die.

No more lapses As the policy premium is single and is paid up in a lump sum, therefore, you do not have to stress over policy getting lapsed in a case of premium non-payment hence, making the policy valid for the entire policy term, which creates a good cash value while you render policy benefits in the end.

You pay a monthly premium - $ 500,000 of coverage for a twenty - year term will cost around $ 30 per month for a healthy male in their mid-30s - and, in return, your survivors will receive a tax - free lump sum of money if you die during the term.

The holder usually pays a premium, either in a series of payments or as one lump sum.

In exchange for a lump - sum premium, the insurance company promises to give you a steady, guaranteed paycheck for life (or a certain period of time, a less - common version of the product).

Some providers may also offer a discount if you pay your premium in a lump sum.

Please let me know that monthly income advantage plan offered by Max Life in which after paying 12 annual premiums will get a monthly income for next 10 years & get a lump sum amount (equal approximate the premiums paid in 12 years in the beginning) plus approx. 14.5 times death benefit for the entire policy term i.e. 22 years.

You can invest a lump sum today, or contribute flexible premium payments over time, 1 to build a stream of guaranteed lifetime income that starts when you need it to — any date 1 up to 40 years 2 in the future.

One thing that seniors might consider is a single premium option which is a lump sum payment into a policy in return for a certain amount of death benefit.

A life insurance policy is simply a contract between a life insurance provider and an individual to provide a lump - sum payment, called a death benefit, in exchange for making premium payments to the provider.

The payable premium is based on the actual purchase price of the mortgage and can be paid in the form of a lump sum.

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.

You can finance the cost of the insurance, paying an additional amount on top of your mortgage payment, you can pay the insurance premium in one lump sum each year, or you may be able to set up separate monthly payments with the lender or the private mortgage insurance company.

A premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

Keep in mind that if a long - term care insurance policy does not accept lump - sum premium payments, you would have to make several partial exchanges from the CSV of your existing life insurance policy to the long - term care insurance policy provider to cover the annual premium cost.

The changes included limitations on the amounts that can be drawn in the first year, the option to receive a smaller one - time single lump sum disbursement, as well as changes to the mortgage insurance premium, the principal limit factor tables, and requiring a financial assessment of borrowers» ability to pay future property taxes and insurance obligations.

A standard fixed annuity is an insurance contract that allows an individual to pay premiums — either in a lump sum or by monthly installments — and obtain set income payments for life.

Life insurance policy is a contract between the insurers or insurance provider wherein a lump sum amount is promised as a death benefit to the beneficiary in the event of the policyholder's death, provided the policy was active and the premiums were paid till the insured's death.

The settlement company will continue paying the policy premiums until your death, and in exchange, they will pay you a lump sum of cash, which you can use for whatever you see fit — including saving for healthcare costs.

In return for investing a lump sum (or premium, as it's known in annuity - speak) with an insurance company, you receive payments that begin at once and continue for lifIn return for investing a lump sum (or premium, as it's known in annuity - speak) with an insurance company, you receive payments that begin at once and continue for lifin annuity - speak) with an insurance company, you receive payments that begin at once and continue for life.

Premiums are the fixed periodic payment made to the insurance company in return of the lump sum payment offered by the insurer to the beneficiary at the time of demise of the insured person.

For the uninitiated, an annuity is a long - term contract between an individual and an insurance company which guarantees that in exchange for a lump - sum premium or a series of premiums the insurance company will guarantee an income stream that can last for a certain number of years — or even for an entire life.

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.

Here the policy holder can pay lump sum amount or premiums for certain years to get annuity in later years.

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.

Term life is a fully different type of policy from that of universal life (indexed or not), or whole life insurance, but the basic idea is the same; the customer pays regular premiums to the insurer and should he die while the policy is in force, the insurer is obligated to pay his beneficiary or beneficiaries a pre-determined lump - sum amount.

This single premium whole life insurance policy provides lifetime protection in one lump sum payment.