Sentences with phrase «obtained as a lump sum amount»

For simplicity, let's consider a reverse mortgage obtained as a lump sum amount with a fixed interest rate.

For simplicity, let's consider a reverse mortgage obtained as a lump sum amount with a fixed interest rate.

Not exact matches

In any event, irrespective of whether the life insurance proceeds are obtained as one lump sum or in an installment option, the primary amount of the proceeds is generally free to the beneficiary of federal income taxation.

The remaining amount is obtained as a lump sum or in a phased manner.