Sentences with phrase «pay for surrender»

In case you decide to pull out your money from annuity, you may have to pay for surrender charges as well.

Not exact matches

Since she has left the academic world and is not now contributing to a 403 (b), he says, she could probably make the move without having to pay «surrender charges» — penalties for terminating a policy or withdrawing funds from the accrued value before a set time.

When opportunities like this present themselves, you need a source of income outside of the stock market to generate cash for you to take advantage of the situation, as well as insulate you from the painful possibility of having to surrender your stock certificates at a fraction of their true worth just to pay the electric bill.

in the case of our directors, officers, and security holders, (i) the receipt by the locked - up party from us of shares of Class A common stock or Class B common stock upon (A) the exercise or settlement of stock options or RSUs granted under a stock incentive plan or other equity award plan described in this prospectus or (B) the exercise of warrants outstanding and which are described in this prospectus, or (ii) the transfer of shares of Class A common stock, Class B common stock, or any securities convertible into Class A common stock or Class B common stock upon a vesting or settlement event of our securities or upon the exercise of options or warrants to purchase our securities on a «cashless» or «net exercise» basis to the extent permitted by the instruments representing such options or warrants (and any transfer to us necessary to generate such amount of cash needed for the payment of taxes, including estimated taxes, due as a result of such vesting or exercise whether by means of a «net settlement» or otherwise) so long as such «cashless exercise» or «net exercise» is effected solely by the surrender of outstanding stock options or warrants (or the Class A common stock or Class B common stock issuable upon the exercise thereof) to us and our cancellation of all or a portion thereof to pay the exercise price or withholding tax and remittance obligations, provided that in the case of (i), the shares received upon such exercise or settlement are subject to the restrictions set forth above, and provided further that in the case of (ii), any filings under Section 16 (a) of the Exchange Act, or any other public filing or disclosure of such transfer by or on behalf of the locked - up party, shall clearly indicate in the footnotes thereto that such transfer of shares or securities was solely to us pursuant to the circumstances described in this bullet point;

If any Shares remain outstanding after the date of termination, the Trustee thereafter shall discontinue the registration of transfers of Shares, shall not make any distributions to Shareholders, and shall not give any further notices or perform any further acts under the Trust Agreement, except that the Trustee will continue to collect distributions pertaining to Trust assets and hold the same uninvested and without liability for interest, pay the Trust's expenses and sell Bitcoins as necessary to meet those expenses and will continue to deliver Trust assets, together with any distributions received with respect thereto and the net proceeds of the sale of any other property, in exchange for Shares surrendered to the Trustee (after deducting or upon payment of, in each case, the fee to the Trustee for the surrender of Shares, any expenses for the account of the Shareholders in accordance with the terms and conditions of the Trust Agreement, and any applicable taxes or other governmental charges).

It would also amend the state constitution to require lawmakers convicted of corruption charges to surrender their pensions, make changes to the per diem system, and create a commission to examine the possibility of a pay increase for state commissioners and lawmakers.

But in the end we're still glued to a tube, watching mostly crap, arguing like angry idiots, surrendering the last remains of our privacy, and paying a whole lot more to large corporations for the privilege.

Dear VIKASH, You can surrender the policy only if you had paid the premium for three years.

Else pay for 3 years and surrender it.

The return of premium rider, available for return of premium life insurance policies, and also on certain long - term care policies, disability insurance, etc., will return all of your premiums paid over the life of your policy should the term come to an end or should you wish to surrender the policy.

You can surrender the policy if you had paid the premium for three years.

You can choose to surrender your policy for a partial or full refund on all your premiums paid on the 15th, 20th and 25th policy anniversary.

Immediately after you buy an annuity, the cash surrender value is less than the amount paid for it, so this approach would result in a smaller amount of taxable income when you convert the IRA.

You would have to disclose the income as a part of your «Income from other sources» for the financial year in which you received the surrender value and taxes would have to be paid as per your tax bracket.

1) Can I stop paying premium and stay invested for 5 years and surrender?

Some plans allow you to pay for the premium out of the cash value, so that even if your finances are tight, you will not need to surrender the policy and allow your coverage to lapse.

You will NOT have to pay tax on the surrender value of your policy nor reverse Section 80C benefits, if: You have paid your insurance policy premiums for at least 2 years after buying the policy.

Also, if you take withdrawals before the surrender period established by the policy ends you may have to pay a penalty for early withdrawal.

You may surrender the policy if you had paid the premium for three years.

There is a choice of a five -, seven - or nine - year surrender charge period and the contract offers a variety of ways for your client to access funds before the end of the surrender charge period without paying a surrender charge.

With flexible requirements on the paid up additions options, the policy provides early high cash value surrender values, making Penn Mutual's whole life policy a top contender for anyone looking for the best cash value whole life insurance.

At the end of the guarantee period, if only the required premium has been paid, the policy may lapse for insufficient cash surrender value.

The policy also provides a guaranteed return of premium upon surrender for the premiums paid, plus any policy growth.

Using your example, we'll assume your total contribution to your variable annuity was $ 80,000, that you didn't take any withdrawals, that the annuity is worth $ 60,000 on the day you cash it out, and that you have to pay a $ 2,000 surrender charge for canceling the contract early.

Some will waive the surrender charge if you need to withdraw money to pay for nursing home costs or if you don't take out more than, say 10 %, a year.

When life insurance policy owners no longer want, need, or can afford to continue to pay policy premiums, they traditionally have surrendered their policies to the issuer for their cash surrender value.

Gain on a full surrender Gain on partial distributions IRA distributions TSA / ORP distributions Correction of excess contributions to IRAs Conversion of IRA assets to a Roth IRA Gain on surrender of Paid Up Additions (PUAs)(Note: Automatic surrender of PUAs for Value Pay is not a taxable event) Processing of Non-Forfeiture Option (NFO) to Extended Term Insurance (ETI) or Reduced Paid Up (RPU) Interest earned on dividend accumulations Loan on a MEC Dividend used to reduce loan interest on a Modified Endowment Contract (MEC) Dividend used to reduce loan on a MEC Compound of loan interest on a MEC Gain recognized on lapsed contract with a loan Collateral assignment on a MEC Non-qualified Annuity (NQA) Collateral Assignments Special interest paid on money held too long Interest earned on advance premiums 1035 exchange without paying off loan first Earnings on non-individual owner contracts for which an exception under section 72 (u) of the Internal Revenue Code does not aPaid Up Additions (PUAs)(Note: Automatic surrender of PUAs for Value Pay is not a taxable event) Processing of Non-Forfeiture Option (NFO) to Extended Term Insurance (ETI) or Reduced Paid Up (RPU) Interest earned on dividend accumulations Loan on a MEC Dividend used to reduce loan interest on a Modified Endowment Contract (MEC) Dividend used to reduce loan on a MEC Compound of loan interest on a MEC Gain recognized on lapsed contract with a loan Collateral assignment on a MEC Non-qualified Annuity (NQA) Collateral Assignments Special interest paid on money held too long Interest earned on advance premiums 1035 exchange without paying off loan first Earnings on non-individual owner contracts for which an exception under section 72 (u) of the Internal Revenue Code does not aPaid Up (RPU) Interest earned on dividend accumulations Loan on a MEC Dividend used to reduce loan interest on a Modified Endowment Contract (MEC) Dividend used to reduce loan on a MEC Compound of loan interest on a MEC Gain recognized on lapsed contract with a loan Collateral assignment on a MEC Non-qualified Annuity (NQA) Collateral Assignments Special interest paid on money held too long Interest earned on advance premiums 1035 exchange without paying off loan first Earnings on non-individual owner contracts for which an exception under section 72 (u) of the Internal Revenue Code does not apaid on money held too long Interest earned on advance premiums 1035 exchange without paying off loan first Earnings on non-individual owner contracts for which an exception under section 72 (u) of the Internal Revenue Code does not apply

Gain on surrender of Paid Up Additions (PUAs)(Note: Automatic surrender of PUAs for Value Pay is not a taxable event)

An MVA will not apply if a payment option is elected that provides annuity payments for five years or longer, to pay a Death Benefit, or if the Confinement / Terminal Illness Waiver of Surrender Charge requirements are met.

I was ordered to surrender 40 % of my retirement plus pay $ 1,000 in alimony every month for the rest of my life.

This deferred annuity offers a variety of ways for your client to access funds before the end of the surrender - charge period without paying a surrender charge.

Investors might also pay markups, due when a brokerage sells securities from its inventory at a price higher than the market rate; sales loads, sometimes assessed when you make or sell an investment; surrender charges, imposed when someone pulls out of an investment early; investment advisory fees, which are what Mr. Five Percent wanted to charge me; and 401 (k) fees, additional expenses for operating and administering retirement plans that employees pay on top of fund management fees.

In this situation, consider having your children own the life insurance policy, because, if the parent (s) become institutionalized, the cash value of this policy will be includable in their assets and may have to be withdrawn, or the policy surrendered in order to pay for long - term care expenses.

Actually I wanted to stop paying premiums for the same But somehow continued coz most of the LIC policies have very less surrender value..

sir, I am bhanudas gaonkar i have stop my LIC JEEVAN ANAND POLICY and taken TERM PLAN of 1cror, i have paid lic premium for 6 years, shall i surrender this policy kindly suggest or any other option.

For example, Liberty Mutual offers a rider on its Freedom Series Builder deferred annuity that allows you to withdraw money without paying surrender fees if you or your spouse becomes seriously ill.

Yes, you can cash it in at any time, do 1035 exchanges, etc., but before the end of the surrender charge period you will pay a fee that compensates the insurance company for the amortized value of the large commission that they paid the agent that sold you the policy.

There is a choice of a five - or seven - year surrender - charge period and the contract offers a variety of ways for your client to access funds before the end of the surrender - charge period without paying a surrender charge.

The cash value of a life insurance policy accumulates tax deferred, but if you surrender the policy, you'll incur an income tax liability for funds that exceed the premiums you have paid.

As expected, this category is for consumers who are aware that they won't be able to pay off their auto loan, and willfully surrender their car.

For example, an employer could be entitled to receive the greater of the premiums actually paid OR the cash surrender value of the policy.

* All permanent policies can be surrendered for their current cash value after a certain number of years, at which point the insurer pays the accumulated cash value minus any loans and fees.

2) Surrender the policy: You can surrender the policy if you had paid the premium for thrSurrender the policy: You can surrender the policy if you had paid the premium for thrsurrender the policy if you had paid the premium for three years.

So, consider surrendering / paid - up options for her policies.

Dear Gurudeepsingh, Rs 5 Lakh policy: Kindly make it PAID - UP Rs 2.5 Lakh policy: You can discontinue and book losses or pay for one more year and then surrender.

Should i opt for surrender or Paid up options and I need to how to calculate sum assured value and tax obligations.

However, where one has already paid premiums for 8 — 10 years, it would still makes sense to surrender the policy and invest proportionate amount received in mutual funds for remaining years and add similar amount (equivalent to yearly premium) for balance years for which the policy would have been continued.

Rather than burdening his children for money, he considers surrendering his policy to extract its cash value to pay for the medical bills.

The Mcmullins were days away from surrendering a life insurance policy they had paid premiums on for 15 years.

Her family was unable to pay for the extensive care she needed so she was surrendered to the vet clinic instead of being euthanized.