Sentences with phrase «options of lump sum payment»

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

Not exact matches

One option is known as «single premium», in which you make a lump - sum payment at the time of closing which covers your PMI policy for as long as your mortgage is active.

Another option is to add the PMI premium in a lump sum to your mortgage balance and to repay it as part of your monthly mortgage payment.

If you die during the guarantee period, the annuity will continue to make income payments until the end of the selected guarantee period or you could select that the remaining payments are paid as a lump sum (this option is not permitted where the guarantee period is 10 years).

One option is known as «single premium», in which you make a lump - sum payment at the time of closing which covers your PMI policy for as long as your mortgage is active.

You may also have the option of paying the premium annually, monthly, or as a lump - sum payment up front.

Another option is to do a combination of a lump sum and monthly payments.

If you're under 55 when you leave your company, you'll be offered the option of taking your pension benefit as a lump - sum payment.

Borrowers may choose how they wish to receive proceeds from a reverse mortgage: as a lump sum, in periodic payments, as a line of credit, or a combination of these options.

The Credit People also offer a lump - sum payment option, which gets you 6 months of service for $ 299, which is a $ 55 savings over their monthly service.

You (the annuity owner) make a lump - sum payment or a series of premium payments to an annuity issuer (the insurance company), which will accumulate earnings at a fixed interest rate (a fixed annuity) or a variable rate determined by the growth (or losses) in investment options known as subaccounts (a variable annuity).

If you choose to go with a fixed interest rate, you must take out a lump sum, whereas if you choose to go with a variable interest rate, you have the option of receiving payouts as a lump sum, line of credit, monthly payments, or a combination of all three.

Fixed or adjustable interest rate for lump sum and monthly payment options; adjustable rate for lines of credit

What if I die while receiving my payments?If you die while still receiving your payments through a non-life only option, your beneficiaries will have the choice of either receiving the remaining payments left on your payment schedule, or elect to receive the remaining account value as a commuted lump sum.

If you die while still receiving your payments through a non-life only option, your beneficiaries will have the choice of either receiving the remaining payments left on your payment schedule, or elect to receive the remaining account value as a commuted lump sum.

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.

While this usually is one lump sum, some policies offer the option of a more long - term payment arrangement, such as a fixed monthly amount.

Flexible disbursement options — Loan proceeds can be collected as a lump sum (fixed - rate only), a line of credit to be drawn upon as needed2, a monthly payment for a set period of time or as long as you live in the home, or a combination of these options.

Depending on the terms and conditions of the plan (refer to prospectus), there are also some options of converting ongoing payments into a single lump sum payment after the plan has been active for a certain number of years and not contribute any further.

This option is better than a lump sum payment because it means you're more likely to have some of the money spread out over two different years, which means your net taxes paid will be lower.

Once the reverse mortgage loan has been approved, the funds are disbursed to the borrower according to the payment options they've selected (in a lump sum, as monthly payments, or through a line of credit) and a new lien is placed against the property.

These factors are home value, up to a maximum cap; age; interest rate; and loan type, which include a lump sum, monthly payment over a specified term, monthly payment over your entire life, line of credit, or some combination of these options.

I recommend setting your payments at the level of a 5 year fixed rate and if there is space in your prepayment option (lender specific) you can further increase the payment OR set up a lump sum payment each year to maximize your pay down.

My company pension plan offers me the option of taking a lump sum of about $ 775,000 or a monthly annuity payment of $ 3,600 that would go to me or my wife as long as either of us is still alive.

Commutation Right: The right of a beneficiary to receive in a single lump - sum the remaining payments under an installment option which was selected for the settlement of the proceeds of life insurance policy.

Please note that in this example the couple would also have the option of paying to the trustee the $ 20,000 (or a negotiated sum) in a lump sum payment to prevent the home being sold.

One thing that seniors might consider is a single premium option which is a lump sum payment into a policy in return for a certain amount of death benefit.

While there are many payment options, the Consumer Finance Protection urges borrowers to consider the monthly payment or line of credit options over the lump - sum cash payout.

With a variable - rate reverse mortgage, you get the option of taking your proceeds as a monthly payment, line of credit, or lump sum.

The three most common prepayment options are: adjust the frequency at which the payments are made (weekly, semi-monthly, bi-weekly, monthly and accelerated), increase the monthly payment amount (there is a maximum monthly percentage) and lump sum (or balloon, also a maximum percentage of the original mortgage balance) payment.

If a borrower selects this option, he or she can order monthly payments or withdraw lump sums until the line of credit is exhausted.

The tax - free income generated from the equity in the form of a loan is then available to the senior as a lump sum, fixed monthly payments, a line of credit, or a combination of these payment options.

Once the reverse equity mortgage has been approved, the funds are disbursed to the borrower according to the payment options they've selected, which vary from a lump sum, monthly payments, or a line of credit.

If you die during the guarantee period, the annuity will continue to make income payments until the end of the selected guarantee period or you could select the remaining payments are paid as a lump sum (this option is not permitted where the guarantee period is 10 years).

You can take the reverse mortgage funds in a variety of ways - a lump sum payment, a line of credit, or a monthly income or a combination of these options.

The company has several features that make it a good option for those who would prefer lump sums of money over regular payments.

If you've not yet begun to start receiving the Sears pension, an option is to take the so - called Commuted Value of the pension, rolling a lump sum payment over into your RRSP so you have complete control of the assets.

Your adviser could then compare that strategy to other options, such as devoting not all but a portion of your nest egg to an immediate annuity, a type of annuity that in return for a lump sum of cash guarantees monthly payments for the rest of your life.

Depending on how much equity you have in your home, you may have the option of borrowing cash at the time of the refinance — so that once all the paperwork is done, you'll have a lump sum in your bank account, which you will pay back as part of your regular mortgage payments.

Just to be clear: I'm not saying that buying an immediate annuity with your lump sum will give you the same level of payments you would get by taking the pension annuity option from your company.

Once the loan is approved, borrowers have four disbursement options — lump sum, monthly payments, credit line or a combination of the three.

The research indicates that when DC plans offer distribution options alongside a one - time lump - sum benefit payment, a good number of retiring plan participants are interested in, and take advantage, of these options.

After payments begin, recipients have the option to sell all or a portion of their structured settlement payments to a third - party funder, such as a structured settlement / factoring company, in order to access cash in a lump sum.

IFAs such as Nestor compare the options of periodical payments versus lump sums on a generic basis pre-settlement for Court purposes.

Discuss your payment options with a PA employment lawyer to decide on what type of payment is in your best interest, since accepting a lump sum will waive your rights to receiving future benefits connected to the injury.

Commutation Right: The right of a beneficiary to receive in a single lump - sum the remaining payments under an installment option which was selected for the settlement of the proceeds of life insurance policy.

Cash Refund Annuity Income Payment Option Any type of income annuity that guarantees should the annuitant die prior to receiving payments equal to the premiums paid, the difference will be refunded to the named beneficiary in a lump sum.

Life insurance policies often allow the option of having the proceeds paid to the beneficiary either in a lump sum cash payment or an annuity.

Premiums can be paid either in lump sum under the Single Pay option or for a limited period under the Limited Pay option of premium payment of this SBI child plan.

The annuity payouts occur from the next chosen frequency immediately after payment of lump sum premium and the payouts are available under various options