Sentences with phrase «pay in a single lump sum»

The premium can be paid in a single lump sum or it can be added to your mortgage and included in your monthly payments.

The cost can be paid in a single lump sum, but CMHC says the amount is often added to the mortgage principal and repaid over the life of the loan.

It can be paid in a single lump sum or it can be added to your monthly mortgage payments.

It is usually untaxed and paid in a single lump sum.

Premiums for single premium variable life insurance polices are typically very large, since they have to be paid in a single lump sum.

Not exact matches

Single premium PMI allows the homeowner pay the mortgage insurance premium upfront in one lump sum, eliminating the need for a monthly PMI payment.

As soon as you file your income taxes and receive your refund from the state or IRS, you pay the tax refund loans back in a single, lump sum payment.

An immediate annuity is a contract between you and an annuity issuer (an insurance company) to which you pay a single lump sum of cash in exchange for the issuer's promise to make payments to you (or the annuitant) for a fixed period of time or for the life of the annuitant.

Single premium life offers permanent life insurance that is paid up in a onetime lump sum payment.

Basically, the death benefit is how much the life insurance policy pays to your beneficiary, untaxed and in a single lump sum, should you die.

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.

A single lump sum withdrawal — You could withdraw your entire TSP balance in a single payment often used to pay off a home mortgage or consumer debt at retirement.

Under a single premium plan, the entire premium covering several years is paid in a lump sum at closing.

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.

A Life Insurance with Single - premium benefits is a type in which the premium is paid in lump sum to the policy to which in return death benefits are promised to be paid until the policyholder die.

No more lapses As the policy premium is single and is paid up in a lump sum, therefore, you do not have to stress over policy getting lapsed in a case of premium non-payment hence, making the policy valid for the entire policy term, which creates a good cash value while you render policy benefits in the end.

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.

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 present value is a single number that expresses a flow of current and future payments in terms of an equivalent lump sum paid today; the present value of future cash flows depends on the discount rate that is used to translate them into current dollars.)

When purchasing an FIA, you agree to pay for it in either a single lump sum or multiple payments over time.

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.

A senior citizen can opt to pay a reverse home mortgage in the form of a single lump sum.

Debt consolidation can take many forms, but in most cases, it means taking out a single, lump - sum loan which is used to pay off several other debts.

You can tap into a reverse mortgage through a single lump - sum payment, an annuity (which is paid out in one - time annual payments), a line of credit (where you can take out money as needed), or monthly payments, which is the route most seniors take.

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).

Compared to having to pay all your tax debt in a single lump sum payment, the Partial Payment Installment Plan is far less demanding to people who are already facing difficult financial situations, which is why this plan is so popular for people looking to settle their IRS tax debt.

Typically, tax settlements result from a situation where the IRS has asked for more money than you could possibly afford to pay, especially since the IRS expects taxpayers to pay back all the money they owe in a single lump sum payment.

However, loans can be prepaid with a rebate of unearned fees, or they can be paid in installments or a single 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.

Lump sum: all proceeds are paid in a single amount at closing, with the maximum allowable disbursement at loan closing or during the first year of the loan being restricted to 60 percent of the eligible benefit or the mandatory obligations plus 10 percent of the benefit.

So, for example, if the spouses agree (or a court decides) that the supported spouse should receive $ 1000 a month in rehabilitative alimony for 24 months, the paying spouse owes $ 24,000; this can be paid monthly, or in a single lump - sum (paid all at once or in one or more installments).

Single Premium Policy With life insurance and annuities, a contract in which the entire premium is paid in a lump sum at the beginning of the contract period.

The clause requires a systematic payment of benefits rather than paying them out in a single lump sum.

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.

A death benefit on your insurance policy is an amount of money that may be paid out in a single lump sum...

Premiums can be paid either in a lump sum at the commencement of this HDFC term insurance plan under the Single Premium plan option or regularly for the entire duration of the term under the Regular Premium plan options.

Premiums can either be paid in lump sum at commencement under the single premium plan option or regularly for the entire duration of the term under the regular premium plan option in this HDFC term plan.

Premiums payable either in lump sum under Single Pay, for a limited period under Limited Pay or for whole tenure of SBI child plan

Single - premium variable life insurance allows you to buy insurance with a single premium (lump sum) payment in return for a guaranteed death benefit that will remain paid - up until yoSingle - premium variable life insurance allows you to buy insurance with a single premium (lump sum) payment in return for a guaranteed death benefit that will remain paid - up until yosingle premium (lump sum) payment in return for a guaranteed death benefit that will remain paid - up until you die.

Premiums can be paid regularly for the entire duration of the plan under the Regular pay option or in one lump sum at the time of inception of the plan under the Single Pay option of premium paymepay option or in one lump sum at the time of inception of the plan under the Single Pay option of premium paymePay option of premium payment.

Premium can be paid in one lump sum under the Single Pay option or for the complete duration of the policy under Regular Pay option

Premiums under the plan are payable either for a limited tenure under the Limited Pay option or in one lump sum under the Single Pay option of premium payment.

Premium under the plan is paid in one lump sum at the commencement of the plan under the Single Pay option of premium payment.

It is usually untaxed and paid to beneficiaries in a single lump sum.

Premium is paid once at the starting of the plan in one lump sum under the Single Pay option of premium payment.

Basically, the death benefit is how much the life insurance policy pays to your beneficiary, untaxed and in a single lump sum, should you die.

Premiums can be paid regularly for the entire duration of the plan under the Regular pay option, for a limited period of 10 or 5 years only under the Limited Pay option or in one lump sum on inception of the plan under the Single Pay option of premium paymepay option, for a limited period of 10 or 5 years only under the Limited Pay option or in one lump sum on inception of the plan under the Single Pay option of premium paymePay option or in one lump sum on inception of the plan under the Single Pay option of premium paymePay option of premium payment.

AD&D Insurance proceeds are paid out in a single, full lump sum after the claim is processed.

In this way, disability income policies differ from critical illness insurance, which pays just a single lump - sum payment if the policyholder is impacted with a serious or life threatening disease.

One popular life insurance policy that offers return of premium is the Lincoln Moneyguard, but it's a SINGLE PREMIUM policy, meaning you have to pay in one large lump sum.