Sentences with phrase «money in a lump sum payment»

However, the borrower is constrained to receiving all of their money in a lump sum payment and therefore pays interest on the entire payment.

However, the borrower is constrained to receiving all of their money in a lump sum payment and therefore pays interest on the entire payment.

Not exact matches

In some cases, unscrupulous brokers hold «free lunch» seminars in which they offer reckless advice, like recommending retirees cash out of their 401 (k) planor take a lump - sum payment for the cash value of their pension and use the money to open an IRA through theIn some cases, unscrupulous brokers hold «free lunch» seminars in which they offer reckless advice, like recommending retirees cash out of their 401 (k) planor take a lump - sum payment for the cash value of their pension and use the money to open an IRA through thein which they offer reckless advice, like recommending retirees cash out of their 401 (k) planor take a lump - sum payment for the cash value of their pension and use the money to open an IRA through them.

You give an insurance company money in a lump sum or in payments over a period of years, then at retirement, the cash gets «annuitized,» or paid out in a string of payments based on your life expectancy.

The premise behind an immediate annuity is simple: You invest a lump sum of money with an insurance company (although you would actually do so through an adviser, a broker or insurance agent) and in return you receive a guaranteed monthly payment for life regardless of how the financial markets perform.

When you buy an income annuity, you turn over a lump sum in exchange for the payments, and you usually won't have access to that money anymore.

You purchase the contract for a specific amount of money, either through a lump sum or periodic payments, and in exchange, the insurer agrees to pay you a set amount on a recurring basis.

The money in your annuity — which you invest as a lump sum or through a series of payments, depending on the policy you choose — generates a stream of income paid to you for your lifetime.

With an installment personal loan, a borrower receives the money in one lump sum and then repays it in regular (usually monthly) smaller payments.

The district said in a press release the money would be distributed through a 2 percent ongoing salary increase retroactive to July 1; a 2 percent lump - sum payment based on 2013 - 14 earnings;...

Most taxing authorities, even Uncle Sam, want their money up front, but will accept payments if you can't pony up the cash in one lump sum.

You get the money in a lump sum and begin making monthly payments immediately.

«In much the same way investment advisors and the investment industry preach dollar - cost - averaging and investing small increments of money over a long period of time, as opposed to one lump sum of money all at once, I think that just goes to justify the benefit of taking the payments over the long run,» says Heath, «Especially if one didn't have a lot of financial aptitude.»

An annuity is financial contract in which an investor pays a lump sum of money to an insurance company in return for a series of future payments.

«She needs to invest all this money in a dividend - paying stock portfolio, similar to the way I suggested for her lump - sum payment for the employer pension,» says Franklin.

After you put out your own money for the down payment, the banks will return a percentage of your mortgage principal in a lump sum when your mortgage closes.

A reverse mortgage allows qualified senior homeowners to borrow against their home equity tax - free2 while continuing to own and live in their house.3 The money can be received as a lump sum, 4 monthly payments, or a line of credit to access when needed.

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.

It makes a lot more sense for anyone that has a chunk of cash sitting in the bank and are planning on slowly drawing from it because you technically still have all that money in a property (or multiple properties) and can sell them if you really need the lump sum of cash but you'll earn great interest payments until you do that.

Money can either be invested in a lump sum or through a series of payments.

Unlike loan agreements, which can contain complex payment terms, promissory notes are more like paper trails that document that one person has lent another money and that the borrower agrees to repay the money within a certain amount of time, either in a lump sum or in installments.

When approved for a personal loan, you'll receive a lump sum up front and then pay the money back, including interest, in regular monthly payments.

Simply put, an annuity is an insurance product that can be purchased to provide a sum of money either in the form of a lump - sum or ongoing contributions, such as in the form of monthly or annual payments used as income in retirement.

You can tap into a reverse mortgage through a single lump - sum payment, an annuity (which is paid out in one - time annual payments), a line of credit (where you can take out money as needed), or monthly payments, which is the route most seniors take.

You'll send him payments over time (or perhaps a lump sum), he'll go ahead and use his experience and his high tolerance for risk to invest the money, and he'll send you payments every year that may include a portion of what he has made in the markets.

To make that lump sum payment, the program asks that you set aside a specific amount of money every month in savings.

This is an interesting idea to save the money in CDâ $ ™ s or savings, then make lump sum payments on the debt.

That leads to numerous «insufficient funds» penalties if the borrower doesn't have enough money in his account to make the lump - sum payment.

Typically, tax settlements result from a situation where the IRS has asked for more money than you could possibly afford to pay, especially since the IRS expects taxpayers to pay back all the money they owe in a single lump sum payment.

By following the advice in my book — paying your mortgage as if rates are already higher, making lump sum payments with found money, and paying your mortgage on an accelerated payment schedule — you can use low interest rates to your advantage and be in good financial shape to handle a rate hike or two whenever it happens.

In return for proving that you simply can not afford their demands, the IRS will reduce the amount of money you owe, and offer you an easier repayment schedule, typically extending the payments out over a period of several years, rather than requiring that you pay everything all at once in a large lump - suIn return for proving that you simply can not afford their demands, the IRS will reduce the amount of money you owe, and offer you an easier repayment schedule, typically extending the payments out over a period of several years, rather than requiring that you pay everything all at once in a large lump - suin a large lump - sum.

The money is loaned in one lump sum, and payments are made over a pre-arranged duration — just like a first mortgage.

These two contractual structures will ensure that you (or you and your spouse) will be paid for life, and the remaining money will go to your listed beneficiaries in full (lump sum with «Cash Refund» and in payments with «Installment Refund»).

The money in your annuity — which you invest as a lump sum or through a series of payments, depending on the policy you choose — generates a stream of income paid to you for your lifetime.

Later, relying on Raithatha, a trustee in bankruptcy (Mr Horton) approached the High Court requesting an IPO to require a bankrupt (Mr Henry) to take his four valuable money - purchase pension pots (not yet in payment) as lump sums.

Your lawyer can also help you decide whether you should accept a lump - sum settlement (where you get your money all at once) or a structured settlement (where you get your money in a series of 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.

So if you can be disciplined enough to save up over the year and make a lump sum payment it can save you a lot of money in the long term.

Most insurance companies in India offer online money income plans that help the insured and his or her nominees to get a guaranteed monthly income along with a lump sum payment, if the plan allows, at the end of the plan tenure.

This money is paid in a lump - sum and is a tax - free payment since the money is a return of premiums paid with after - tax dollars.

A lump sum annuity payment at death means that all of the money in the annuity account is paid out to beneficiaries.

This means if the family needs the money to come in the form of a lump sum, regular payments or a mix of regular payment and lump sum, the life insurance company should be able to provide it.

Though child insurance plans are varied in nature, what they all have in common is that in case of your unfortunate demise, your ward shall be paid a lump sum payment (death benefit), and the insurer continues to deposit money on your behalf in your ward's account under the» waiver of premium benefit».

In deferred annuity, money is invested for some period before payments are made.It can be chosen by individuals who are working and still have some years of work before retirement.It may also come with a «life cover» which implies that in case of death of the policyholder, a lump sum amount is paid to the nomineIn deferred annuity, money is invested for some period before payments are made.It can be chosen by individuals who are working and still have some years of work before retirement.It may also come with a «life cover» which implies that in case of death of the policyholder, a lump sum amount is paid to the nominein case of death of the policyholder, a lump sum amount is paid to the nominee.

Limited payment includes payment of premium for a specific amount of time say 3 to 5 years whereas Single payment refers to payment of a lump sum amount of money in one go.

For example, Endowment Policies have a lump - sum maturity benefit, Money Back Plans have regular payments during the entire policy tenure as pre-defined schedule and Unit Linked Insurance Plans have an opportunity to choose your investments even in equity!

Option A — Life Protection Choose this option if you foresee a need for lump sum payment of large sum of money to your family in case you are not around.We offer differential rates for Smokers, Non-smokers and preferred rates for (Healthy) Non-smokers.

Lump sum alimony is a specific amount of money the court orders one spouse to pay to the other all at once or in payments over time.

In most divorce cases there will be a maintenance payment and perhaps a lump sum of money from one partner to another.