Sentences with phrase «paid in a lump sum amount»

In this plan, the premium is paid in the starting which is paid in a lump sum amount.

Not exact matches

If withdrawn in a lump sum at the end of 30 years, the pre-tax amount from the tax - deferred accumulation would be $ 430,762 and $ 331,149 after taxes were paid.

If you withdrew that amount in a lump sum at the end of 30 years and paid taxes at that time, you'd receive $ 331,149 — still significantly more than the $ 266,740 in the taxable account.

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 town could have chosen to pay the amount due in one lump sum,» which according to his calculations would have saved $ 270,000 given an implied interest rate of 13 percent per year.

A partial lump - sum payment whereby a portion of the accrued benefit is paid to the participant and the remaining amount is transferred to an eligible retirement plan, as defined in s. 402 (c)(8)(B) of the Internal Revenue Code, on behalf of the participant; or

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paiIn case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paiin force and all due premiums have been paid.

A life annuity is an arrangement in which you hand an insurance company a lump sum of money and the company guarantees to pay you a given amount for as long as you live.

For instance, the company would pay for the reduced amount of debt in a lump sum, which you would not afford to do yourself.

FHA insured reverse mortgage loans can be paid out in a lump sum, or through monthly withdrawals, or a combination of a lump sum and monthly amounts.

Instead, some of the equity in your home is first used to pay off any existing mortgages, and the remaining loan amount is converted to non-taxed cash that you may receive in a lump sum, a monthly disbursement, or a line of credit.

The following features are prohibited from high - fee, high - rates loans: 1) All balloon payments - where the normal payments do not pay off the principal balance in full and a lump sum payment of more than twice the amount of the normal payments is required - for loans with less than 5 yr.

Annuities are contractual agreements in which payment (s) are made to an insurance company, which agrees to pay out an income or a lump sum amount at a later date.

The creditor usually requires that this amount is paid in one lump sum.

If you withdrew that amount in a lump sum at the end of 30 years and paid taxes at that time, you'd receive $ 331,149 — still significantly more than the $ 266,740 in the taxable account.

if possible, pay for the annual amount in one lump sum.

Single premium PMI means you pay the mortgage insurance premium upfront in a lump sum, either in cash or by financing it into your loan amount.

(o) If there is no person who would be entitled, upon application therefor, to an annuity under section 2 of the Railroad Retirement Act of 1974 [98], or to a lump - sum payment under section 6 (b) of such Act, with respect to the death of an employee (as defined in such Act), then, notwithstanding section 210 (a)(9)[99] of this Act, compensation (as defined in such Railroad Retirement Act, but excluding compensation attributable as having been paid during any month on account of military service creditable under section 3 of such Act if wages are deemed to have been paid to such employee during such month under subsection (a) or (e) of section 217 of this Act) of such employee shall constitute remuneration for employment for purposes of determining (A) entitlement to and the amount of any lump — sum death payment under this title on the basis of such employee's wages and self — employment income and (B) entitlement to and the amount of any monthly benefit under this title, for the month in which such employee died or for any month thereafter, on the basis of such wages and self — employment income.

Ans: If you have to repay quite a lump sum amount and you think you can't pay them in full, debt settlement option can come to your help.

the best personal loans are very simple and easy to understand.You receive a lump - sum payment of the amount you borrow, and then you pay back the personal loan in monthly installment payments.

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

It is a contractual agreement in which payment (s) are made to an insurance company, which agrees to pay out an income or a lump sum amount at a later date.

A debt settlement is a negotiation between the borrower (you) and the debt collector that you will pay back (an often greatly) reduced amount of the total debt in a lump sum or over a period of time.

Traditional fixed - term business loan comes in a lump sum that you have a set amount of time to pay off, usually in monthly repayments.

Similar to an equity loan, you can receive the loan amount in a single lump sum or in equal monthly installments paid to you from the creditor, which is why it is a reverse mortgage — you receive payments rather than make them each month.

Please let me know that monthly income advantage plan offered by Max Life in which after paying 12 annual premiums will get a monthly income for next 10 years & get a lump sum amount (equal approximate the premiums paid in 12 years in the beginning) plus approx. 14.5 times death benefit for the entire policy term i.e. 22 years.

Lump sum, where the life insurance company pays the total amount of the benefit in one single payment at the death of the insured

A potential investor may want to pay the lump sum amount in exchange for a policy.

Debt settlement is a process of reducing your debts and paying an agreed amount, usually in one lump sum.

A Consumer proposal is a way to negotiate a debt settlement with your creditors by offering to pay back a reduced amount of your debt, either in a lump - sum payment or in monthly installments over an extended period of time.

A personal loan provides the borrower with funds from a lending institution (generally a bank), whereby the full loan amount is paid in a lump sum that can be used at the borrower's discretion.

Stamp duty land tax (or land and buildings transaction tax in Scotland) is a lump - sum tax that anyone buying a property or land costing more than a set amount has to pay.

You can think of an annuity as the reverse: you pay the insurance company a lump sum amount in exchange for a stream of payments until you die.

If the policyholder dies while the policy is in force, the coverage amount (grimly called a «death benefit») is paid out in one tax - free lump sum to the beneficiaries named in the policy.

Examples of prepayment: increasing the amount of your regular mortgage payments making lump - sum payments to reduce your mortgage balance paying off your mortgage in part or in full before your term is over.

Most people know that a life insurance policy pays out a lump sum amount in exchange for a stream of payments to the insurance company.

The settlement amount is usually paid in one lump - sum payment, although creditors may offer structured settlements (settlement amount paid over several payments).

The amount needs to be paid out in a single lump sum, but you can end up saving a good deal of money by using debt settlement.

You will get a schedule of small repayment amounts to make instead of being expected to pay the loan back in one lump sum.

You can pay the agreed amount up front or in lump sum and be debt free.

My intent is to offer a lump - sum settlement amount if they will remove the report from my credit file with the bureaus, or alternately in return for a «paid» notation on my report file.

For example, she says, in the past, consumers who chose debt settlement traditionally had to work out a plan where they agreed on a settlement amount and the consumer had to pay it in a lump sum.

After a week or so, the loan amount plus interest is supposed to be paid back in a single, lump sum payment (often, your next paycheck).

For payday and auto title loans that are due in one lump sum, full payment means being able to afford to pay the total loan amount, plus fees and finance charges within two weeks or a month.

Debt Settlement (also referred to as debt negotiation, negotiated debt settlement or sometimes incorrectly called debt consolidation) means that your debt is negotiated down to a reduced amount and paid off in a lump sum.

You will also be paying off one lump sum in a fixed timeframe, instead of paying various lenders various amounts on differing payment schedules.

You can finance the cost of the insurance, paying an additional amount on top of your mortgage payment, you can pay the insurance premium in one lump sum each year, or you may be able to set up separate monthly payments with the lender or the private mortgage insurance company.

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 changes included limitations on the amounts that can be drawn in the first year, the option to receive a smaller one - time single lump sum disbursement, as well as changes to the mortgage insurance premium, the principal limit factor tables, and requiring a financial assessment of borrowers» ability to pay future property taxes and insurance obligations.

Typically, you pay a set amount — either in a lump - sum payment or smaller amounts over a number of years — and your child's tuition is set, regardless of when they go to college.