Sentences with phrase «pay surrender»

I do not advise canceling a variable annuity contract if you will have to pay a surrender charge - unless the internal fees on your variable annuity are higher than the remaining surrender charge.

If you surrender the policy, or cash it in, within a certain amount of years, you will be required to pay a surrender fee.

In case of single premium insurance, on surrender, the company will pay the Surrender Value as per the following formula: Surrender Value for single premium policy = 0.7 * single premium.

On surrender, the Company will pay the Surrender Value as per the following formula:

If the employer / trustees decide to surrender their policy, Reliance Life Insurance Company Ltd. will pay a surrender / discontinuance benefit equal to the fund value minus the surrender / discontinuance charges, if any.

However, if due to any reason, the policyholder does not want to continue, life insurance companies pay a surrender value.

You'll probably have to pay surrender charges, and you might owe taxes after the transaction.

The article is interesting because it sets forth the unsavory history of life insurance, such as «feeble, penniless old men» having to auction their policies to speculators so that they could survive, prompting a later reform that insurers must pay a surrender value to insureds with cash value policies.

Second, you might also have to pay a surrender charge to the life insurance company, depending on how long you have owned the policy and the terms of your policy.

You can redeem the cash value from the policy by canceling or surrendering it, but you may pay a surrender fee as well as taxes and other fees.

This will end the life insurance coverage, and in the early years you will pay a surrender fee to the insurance company.

«Some people are in a situation where they're just panicking and don't want to pay a surrender fee, so they just decide to go and dump them off on the side of the road,» Williams says.

We will not turn away an animal in need because the owner is unable to pay the surrender fee.

If you are not able to pay the surrender fee, please discuss this with HHPR.

If you do decide to draw on the cash value, you may have to pay taxes on it, but if your premiums are all paid up, you won't pay a surrender charge.

You can redeem the cash value from the policy by canceling or surrendering it, but you may pay a surrender fee as well as taxes and other fees.

You could have to pay a surrender charge or other levy on withdrawals in some circumstances however.

If you took out $ 500, you'd pay a surrender charge of $ 35 in this scenario.

Now no plan sponsor would ever want to deliver a loss to participants — the effect on morale would be huge, so they would approach companies like ours and say something to the effect of, «If you pay our surrender charge off, we will invest with you.»

This is a kick - the - tires grace period in which you can terminate the policy and get your money back without paying a surrender charge.

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.

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.

Our deferred annuities offer several ways to withdraw funds during the surrender - charge period without ending the contract or paying surrender fees.

With whole life insurance, you pay level premiums until you turn a certain age, after which you don't have to pay anymore: you'll remain covered or you can withdraw the accumulated cash value without paying a surrender fee.

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.

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.

If your circumstances change, such as a divorce, you may not be able to split your account without paying the surrender charges.

With whole life insurance, you pay level premiums until you turn a certain age, after which you don't have to pay anymore: you'll remain covered or you can withdraw the accumulated cash value without paying a surrender fee.

Surrender Period Unlike paying a surrender charge to end a life insurance contract, a surrender period is a time when that fee will not be applied.

b) Discontinuance after 5 years of commencement — At the end of the period allowed for revival, the contract shall be terminated by paying the surrender value.

The amount you can take out each year without paying a surrender charge might be 10 % of the premium paid in or 100 % of the policy's gains, whichever is greater.

Variable annuity contracts typically have a «free look» period of ten or more days, during which you can terminate the contract without paying any surrender charges and get back your purchase payments (which may be adjusted to reflect charges and the performance of your investment).

If at anytime during the policy term, the outstanding loan and interest thereon exceeds 90 % of the surrender value of the policy, the policy will be foreclosed by paying the surrender value after deduction of the outstanding loan and interest thereon.

Foreclosure of policies with loan: If at any time during the policy term, the outstanding loan and interest thereon exceeds 90 % of the surrender value of the policy, the policy will be foreclosed by paying the surrender value after deduction of the outstanding loan and interest thereon.

If the policyholder does not agree with the modified charges, he / she shall be allowed to withdraw the units in the plans at the then prevailing unit value after paying surrender charge if any and terminate the Policy.

If the policyholder does not agree with the modified charges, they shall be allowed to withdraw the units in the plans at the then prevailing unit price after paying surrender charge if any and terminate the policy.

Can you get a partial withdrawal without paying surrender or other charges and is there a death benefit?

Fact: This is a myth because the fact is that ULIPs like HDFC Life Progrowth Plus can be discontinued after a minimum lock - in period of 5 years without paying any surrender charges.

Yes, it is possible to surrender the policy by paying Surrender Charges after 5 years of lock - in period.

Your policy will be terminated and no further benefits will be paid under the policy after we have paid you the surrender value.

The other downside is that you can not lower the face amount, for instance during the first 14 years of a 20 year term / UL without paying a surrender charge.

Not exact matches

There are administrative fees, mortality charges, surrender charges and a large upfront commission paid to the agent.

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.

The company was forced to pay penalties exceeding $ 500 million to the FCC and surrender some of the licenses.

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.

If you receive dividends or surrender your coverage, there are no income taxes unless the amount of money you receive is greater than the amount you've paid in premiums.

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;

You do not need to pay any consideration, exchange or surrender your existing HP Co. shares or take any other action to receive your shares of Hewlett Packard Enterprise common stock.

That's six extra months and $ 97.50 in extra payments, plus, you still have to surrender a phone which is mostly paid off that Verizon can turn around and sell as refurbished.»

Generally speaking, loans and partial surrenders from MECs result in immediate taxation to the extent that the cash value of the contract exceeds the premiums paid.