Sentences with phrase «of a lump sum payment»

For this reason, receiving installments instead of a lump sum payment typically means declaring your life insurance proceeds and paying tax on a portion of them.

Fixed annuities offer a standard death benefit of a lump sum payment or withdrawals under an income option of the full value of the contract at time of death.

You will also be required to use part of any lump sum payments you receive.

A term life insurance payout is another form of a lump sum payment, once it's paid out to your beneficiary they can use it to pay for anything.

The plans are offering good options of lump sum payment or monthly income as death benefits.

The use of lump sum payments to help accelerate the process often goes overlooked.

Generally, you'll need to offer up some sort of lump sum payment, but there may be situations where a payment plan might be set up.

It is a conventional plan which comes with a proposition of lump sum payment at the end of the policy term.

It depends on your insurance company and the contract you have with them, but many policies allow you to nominate multiple beneficiaries particular in the case of lump sum payments.

This rider allows the insured to spread the death benefit out as a payment to the beneficiary over a period of years instead of a lump sum payment.

Premiums are the fixed periodic payment made to the insurance company in return of the lump sum payment offered by the insurer to the beneficiary at the time of demise of the insured person.

Any portion of lump sum payments of retroactive Social Security Disability benefits paid to children not credited against the existing child support arrearage is properly treated as a gratuity to the children.

Bizarrely, MEPs travel expenses are set to rise quite dramatically when we go to a system of travel reimbursed at cost, compared with the current system of lump sum payment.

His organization and other good - government groups are this year asked politicians to sign a pledge promising to reform the process of lump sum payments, which the Citizens Union said total $ 2.9 billion in the current year's budget.

So, if you have the ability to pay a large part of it (or all of it) at once, you may want to consider the benefits and drawbacks of lump sum payments towards your college debt.

My take on it is if you have a good income, always do variable — on top of the lump sum payments you can do yearly, the amount of interest you save will probably more than outweigh the rate at which the rate will go up (if it ever starts going up).

Depending on our client's position, our lawyers will advise on the benefits and downfalls of lump sum payments versus structured settlements.

The husband was declared bankrupt in September 2006 and the wife entered a proof of debt in the sum of # 244,966, the balance of the lump sum payment and interest then outstanding.

However, Mr Vince then revised his position to concede that the terms of the settlement could be publicised provided that the extent of Mrs Wyatt's outstanding legal costs could also be revealed, so as to determine «the likely net benefit to the wife of the lump sum payment».

The value of lump sum payment to the nominee would at least be equal to the Maturity Sum Assured less the instalments already paid.

Some insurers offer monthly payouts instead of a lump sum payment.

With regard to the use of part of the lump sum payment to pay other bills, according to Ernest's testimony at trial, the Penas had «unsecured debts totalling $ 43,360 of which the student loan is approximately $ 8,685, excluding interest.»

These insurance policies can provide coverage in the form of a lump sum payment in the event that you are diagnosed with specific diseases considered life threatening, such as cancer, heart disease, diabetes, stroke, kidney failure or Alzheimer's disease.

Death Benefit: Upon death of the life insured the nominee will have options of lump sum payment benefit or monthly income benefit.

Post-termination settlement agreements that provide for a lump sum payment to the dismissed employee are also presumed not to be subject to the duty to mitigate.6 A dismissed employee who receives a lump sum payment and starts a new job during the notice period is not expected to return any of the lump sum payment to his former employer.

Instead of a lump sum payment, your nominee will receive 10 % of the insured amount and the rest would be paid as monthly installments over the next 15 - 20 years.