Sentences with phrase «lump sum premium payment»

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.

Lump sum premium payment mode is cheaper

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.

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.

Not exact matches

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.

You may also have the option of paying the premium annually, monthly, or as a lump - sum payment up front.

Mortgage insurance may come with a typical pay - as - you - go premium payment, or it may be capitalized into a lump - sum payment at the time of mortgage origination.

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

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

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).

The premium could be paid to the life insurance company as a lump sum, an annual or semi-annual payment, or monthly amount, for example.

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.

A SPIA, or single premium immediate annuity, is designed to generate instant income during retirement by taking a lump sum of money and converting it into systematic payments that continue for a specified period of time or for the life of the insured individual.

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

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.

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.

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

With single premium, you make a one time lump sum payment.

Lenders pay the insurance premium and it's passed on to you; pay it off as a lump sum or add it to your mortgage for monthly payments.

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.

Once your premium payment term comes to an end, you receive a lump sum cash pay - out of 50 % of the «Sum Assured on Maturity».

You pay a lump sum each month to the escrow account and your mortgage lender puts the money toward your mortgage payment and pays your insurance premiums directly to your insurer.

For a small / regular premium, people could assure themselves of an increasingly valuable financial asset which transforms into a large lump - sum payment upon death.

Lenders pay the premium and it's passed on to you; pay it off as a lump sum or add it to your mortgage for monthly payments.

An SPIA — or a single premium immediate annuity — create instant income during retirement through taking a lump sum of money and converting it into regular payments that continue for a specified period, or for the lifetime of the insured.

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.

An income annuity allows you to convert part of your retirement funds into a stream of guaranteed lifetime income payments using a single lump - sum of money called a «premium,» or through flexible premium payments over time, depending on the type of product selected.

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.

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.

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 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.

(It's a good idea to time your card application such that you can pay off your annual car insurance premiums or other lump - sum payments to take a hefty chunk out of this spending requirement.)

Yes, you can pay your premium as a lump sum, and most companies allow you to choose either monthly, quarterly, semi-annual or annual payments.

The policy is single premium universal life, which allows you to make a one time lump sum payment for your coverage.

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

You may also make a lump sum payment within certain limits or use your accrued cash value toward premium payments.

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).

In exchange for paying premiums on a policy, the insurance company provides a lump - sum payment (far in excess of what you paid in), known as a death benefit, to beneficiaries upon the insured's death.

Cash Refund Annuity Income Payment Option Any type of income annuity that guarantees should the annuitant die prior to receiving payments equal to the premiums paid, the difference will be refunded to the named beneficiary in a lump sum.

Their premiums are often lump - sum payments and significantly higher, especially early in, than that of a term life policy, but because once the investment has been made, it is made, they can be used as security for loans and leveraged in a variety of ways to free up liquid capital, and their cash value is tax deferred.

It also works out well as a single premium life insurance policy option, where you make one lump sum payment for a lifetime death benefit.

Essentially, the two ways to pay that premium are a lump sum and in monthly payments.

Life insurance is a contract where, in exchange for premium payments, a lump sum of money is paid upon the death of the insured person.

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.