Sentences with phrase «means lump sum payout»
Not exact matches
Winning a lottery jackpot means facing a big financial decision — do you take the annuity payout over decades or the lump sum in cash right now?
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In most cases, the beneficiary of the life insurance plan is going to receive the payout in a lump - sum, which means that they are going to get all of that money at one time.
Which means, in the unforeseen circumstance of parent's death, the child is not obligated to pay future premiums, gets the lump sum assured, and another payout at the time of maturity of the plan.