Sentences with phrase «payout in lump sum payments»

You may elect to take your reverse mortgage payout in lump sum payments, monthly installments, a line of credit, or a combination of these.

Not exact matches

Pension plan members in the private sector need to at least consider the risk of their company being able to fund their pension payments for life if they have the opportunity to commute their pension and otherwise take a lump - sum payout upon leaving the plan.

Lump - sum payment allows you to receive your annuity payout in one lump Lump - sum payment allows you to receive your annuity payout in one lump lump sum.

Lump Sum Payment: If all of the payouts are in the form of monthly income, then this lump sum amount includes the bonus amounts that may have been declared by the insurance compLump Sum Payment: If all of the payouts are in the form of monthly income, then this lump sum amount includes the bonus amounts that may have been declared by the insurance complump sum amount includes the bonus amounts that may have been declared by the insurance company.

Questions like these will help you to decide not only how large your policy should be, but whether a payout should be made in a lump sum or in a series of payments.

Bharti AXA Life Hospital Cash Rider - allows payment of a fixed benefit for each day of Hospitalization, and a lump sum payout in case of surgery

Hospital Cash Rider — allows payment of a fixed benefit for each day of Hospitalization, and a lump sum payout in case of surgery

Aegon Life EduCare Advantage Plan — A participatory child education plan with a limited premium payment option which provides lump sum payouts in the last 4 years of the policy's life.

Settlement Options at Maturity to either receive the payout in lump sum or in the form of periodical payments

In case, any of the mentioned Critical Illness occurs, the Benefit is paid to you as a Lump sum amount, as selected during the inception, heedless of the death benefit payout option you choose, subject to the policy being in function and the payment is made for all the due paymentIn case, any of the mentioned Critical Illness occurs, the Benefit is paid to you as a Lump sum amount, as selected during the inception, heedless of the death benefit payout option you choose, subject to the policy being in function and the payment is made for all the due paymentin function and the payment is made for all the due payments.

In short, with life insurance, you pay premiums over a given period so that your beneficiaries can receive a lump sum payment upon your passing (find out How to Collect a Life Insurance Payout).

Depending on the amount of the insurance policy the payout options should be either lump sum, annuitized, fixed monthly payments for a period of time, or left with the insurance company in an interest bearing account with check writing privileges.