Sentences with phrase «other than lump sum»

The owner of a life insurance policy has the right to choose options other than lump sum payments and they should think that through coz Lump sum may not always be the most prudent choice.

The Income Protection Option (IPO) allows a different death benefit payment other than a lump sum.

If you or your beneficiary elect an option other than lump sum, any interest accrued on the death benefit will be taxed.

Not exact matches

If by other Asset classes you mean other than equity, i.e. debt funds, liquid funds, arbitrage funds, FD's etc then yes majority of our lump - sum corpus has been invested in these asset classes only.

This means that the mortgage is paid off in a lump sum all at once, rather than in a series of fixed payments like for other installment loans.

If you can get access to a lump sum of money, from a family member or some other source, it's worthwhile to call up a creditor yourself and simply ask whether it will accept less than the total amount you owe if you pay a lump sum.

Determining an investments horizon, or term, is often based on the intention behind the investment more than the investment itself, such as when the funds will be used for other goals, or whether a lump sum or an income stream is the desired result.

The other option you have if you're behind on your bills is to simply reach out to your creditors yourself and offer them a lump sum that's less than the current balance.

The suit was filed by individuals who accused Oasis, a Chicago - headquartered firm, of charging extortionate interest rates of more than 100 percent on lump sums to pay for living and other expenses prior to settlements.

Instead of relying on a software program that would probably recommend more than you would ever buy, he suggested that you think in terms of two lump sums — one to pay off your mortgage and cover your children's college education and the other to create income for your survivors.

A conventional Term or Universal life insurance policy has no provisions for lump sum payment for anything other than the death benefit.

Others include the long - term care rider to help cover the costs of a nursing home or home care with a percentage of the policy's face value rather than the lump sum.

Some policies approve of premiums being paid in lump sums or shorter - than - lifetime payments (e.g., 10 or 20 years), while others may require lifetime payments.

On death of the Life Assured during the Policy Term due to causes other than accident, provided the policy is in - force, the Death Sum Assured will be paid as lump sum to the Beneficiary.

Upon your death, regardless of how you die other than by suicide the full face amount of the policy will be paid to your beneficiary in one lump sum or in the form of an income if you elect to go this way.

If the beneficiary elects to receive the payment other than as a lump sum, the interest earned on the life insurance is taxable as income.

If life insurance death benefits are paid to you in a lump sum or other than at regular intervals, include the life insurance death benefits in your gross income on your tax return only to the extent the life insurance death benefits are more than the amount payable to you at the time of the insured person's death.

Where the retirement plan in question is something other than an IRA, therefore, the non-employee spouse may receive part or all of his or her share in a lump sum.

Since self - employed people often end up paying more in taxes than those who are employed by others, the IRS requires quarterly payments so they don't risk people not having the adequate cash on hand for a once - a-year lump sum.