Sentences with phrase «paid until old age»

Old Age Assistance benefits would continue to be paid until Old Age Security came down to the age of 65 and rendered them obsolete.

Not exact matches

While X waits for Andrew to decide whether he's really straight, gay or bi, their other roommate, 18 year - old Joey (Jonathon Trent) starts to put the moves on X. And as if this love triangle isn't complicated enough, along comes Gregory (Patrick Bauchau), an aging queen who pays X for his company, but refuses to consummate carnally until the hunky hooker has the hots for him, too.

For example, a 45 - year old who earns $ 45,000 per year and who currently contributes 7 % of their income to a 401 (k) would end up with $ 150,000 more in savings if they increased their contribution rate by 1 % annually until age 65, earn an average 6 % return, and get an average 2 % pay increase every year.

Reverse mortgages allow homeowners aged 62 years or older to withdraw some of the equity in their home and convert it into cash — and not have to pay it back until they move out or pass away.

Child riders insure child up to maximum age (typically 23 - 25 years old), or until the parent stops paying the premium, or until the parent's term policy is up, or until the parent turns 65, whichever comes first.

Their super money will be used to pay for living expenses until they are old enough to get the age pension.

With a paid - up policy, you make payments until a particular age (usually 65 or 70), at which point you are insured for the rest of your life or a very old age like 120.

Withdrawals before the government mandated retirement age require paying both taxes and a penalty, so plan on leaving your 401 (k) contributions in your retirement account until you turn 59 1/2 years old.

To give you an idea of the cost, a private «own occupation» disability policy for a 40 - year - old male white - collar non-smoker that pays $ 3,000 a month until age 65 (90 - day waiting period) would cost about $ 122 a month.

To give you a quick idea of the cost involved, a private «own occupation» disability policy for a 40 - year - old male white - collar non-smoker that pays $ 3,000 a month until age 65 (90 - day waiting period) would cost about $ 140 a month.

Namely, that a reverse mortgage can be accessed from age 62 or older, when many retirees need access to additional funds to secure their quality of life, and that these home loans can eradicate the monthly payment of the original mortgage (because they are not paid until after you die), freeing up further cash flow.

If, as a result of a work - related injury, an individual is unable to perform regular and sustained employment, (i.e. can not return to any type of work on a regular basis), they may be entitled to Permanent Total Disability Benefits (PTD) which are paid weekly at 2/3 of the pre-injury average weekly wage up to a State maximum level until they qualify for normal old - age Social Security Retirement Benefits.

Said another way, a 40 - year - old could purchase our example policy, keep it for 15 years, then go on a claim at age 55 and have benefits paid until he or she is 65.

Child riders insure child up to maximum age (typically 23 - 25 years old), or until the parent stops paying the premium, or until the parent's term policy is up, or until the parent turns 65, whichever comes first.

For example, let's say a 50 - year - old bought a $ 250,000 - lifetime plan and selected a 10 - Pay option, by the time he is 60 his policy would be paid off and he would be covered until age 100 or 121 with no additional payment required.

While term life insurance policies provide great protection to replace income, pay off existing mortgages and debts, they are not designed to last until old age.

Unlike many policies that offer an initial «teaser rate» to lure you in, these policies do not increase in cost as you get older, you pay a level cost from the time your policy begins until age 90, 95, 100, 105, 110, or 120.

A reverse mortgage is a unique, Federal Housing Administration (FHA)- insured loan that allows eligible homeowners age 62 years and older to convert a portion of their home's equity into tax - free1 funds without having to pay monthly mortgage payments.2 The loan generally does not have to be repaid until the last homeowner on title passes away or no longer lives in the home as their primary residence.