Sentences with phrase «makes lump sum payouts»

Ideally, a critical illness insurance makes a lump sum payout when a disease of a grave nature is diagnosed in the policy holder.

Not exact matches

The payouts from an annuity contract can be made as one lump sum or as a series of payouts over time based on your needs.

The lump sum payout will be made to the beneficiary in case of the unfortunate death of the policyholder.

Questions like these will help you to decide not only how large your policy should be, but whether a payout should be made in a lump sum or in a series of 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.

To make this option more enticing to policyholders, some life insurance companies will offer a discount to clients that opt for an annuitized payout, rather than a one - time lump sum.

Critical illness insurance cover make lump sum or staggered payout if the policyholder is diagnosed with one of the critical illnesses mentioned in the policy.

A divorcing couple may also decide that one spouse will buy out the other over time, with an agreement that gradual payouts or a lump sum payment will be made at specific intervals.

I think is has now also been made clear that we are not about seeking some token lump sum payouts for members of the stolen generations.