Sentences with phrase «lump sum premium required»
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.
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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.
Not exact matches
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.
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.
Under Access Plus, New York Life pays the future required premiums and may be able to offer a lump sum of cash to you in excess of your policy's cash value.
Here, only one lump sum premium is required, and the policy is then considered to be paid up.
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.
Single premium: The lump - sum premium payment required to cover the entire cost of a life insurance policy.
Some policies approve of premiums being paid in lump sums or shorter - than - lifetime payments (e.g., 10 or 20 years), while others may require lifetime payments.
Premium Payment - This is a different plan since it requires you to pay one - time lump sum premium.
Additionally, this product requires only a huge lump sum one - time premium, which is likewise a terrific one - time - investment plan in case you are searching out a long - term funding.
A single premium immediate annuity is an annuity offered by insurance companies that requires one single lump sum payment in order to receive the benefit of regular payments for a certain amount of time.
Since a lump sum payment is required, the insured must have a substantial amount of cash available to pay a single premium for their insurance.
However, some require a single premium (single lump - sum premium) or fixed premiums (scheduled fixed premiums).
Single premium whole life requires one lump sum payment at the outset.
Funding the Plan This type of LTC / life plan typically requires a one - time lump sum deposit amount rather than the traditional monthly or systematic premium payments.
Buying a child plan requires you to pay regular premiums towards ensuring a lump sum amount for your child.
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.
A «single premium policy» requires a single lump - sum payment and one that remains invested for the length of the policy term.
To make it simple for you to understand, Term life insurance is a policy which requires you to pay regular premiums on the basis of which the company will pay a lump sum amount to your beneficiary on the account of your death.
A life insurance policy that requires the policyholder to pay a single premium in lump - sum and ensures coverage throughout the policy term.
Conversion may require paying a lump conversion sum and generally mean paying higher premiums than you would if you had chosen a whole life policy to begin with.
FHA Insurance Payments In the case of FHA loans, you will be required to pay both a lump sum mortgage insurance premium AND monthly insurance payments.