Sentences with phrase «provided in the lump sum»

The death benefit for a life insurance policy is typically provided in a lump sum equal to the amount of the policy.

The choice between the two should depend on the convenience of the insured person, his ability to pay, and the discount provided in the lump sum amount.

Not exact matches

These are financial products that provide you with a series of monthly payments in exchange for one lump - sum purchase, and some of them promise that regular income for life.

(The difference is that in home equity loan, the bank provides a lump sum, often for a specific purpose, whereas a line of credit is much like a credit card — available credit for you to use when you need it.)

The value of the vested Account balance in the Cash Balance Plan is payable to the team member at any time after termination of employment in either a lump sum or an actuarially equivalent monthly annuity as provided under the Cash Balance Plan and as elected by the team member.

In the meantime, the risk goes to the buyer for an early demise (in which the lump sum stays with the life insurance company), that the lump sum won't ever be needed for anything else, and that the risk / return / inflation snapshot in which the SPIA is negotiated will always be sufficient to provide for the buyer's future needIn the meantime, the risk goes to the buyer for an early demise (in which the lump sum stays with the life insurance company), that the lump sum won't ever be needed for anything else, and that the risk / return / inflation snapshot in which the SPIA is negotiated will always be sufficient to provide for the buyer's future needin which the lump sum stays with the life insurance company), that the lump sum won't ever be needed for anything else, and that the risk / return / inflation snapshot in which the SPIA is negotiated will always be sufficient to provide for the buyer's future needin which the SPIA is negotiated will always be sufficient to provide for the buyer's future needs.

In this case, your bank will provide a lump - sum loan payment or extend a line of credit based on this amount.

Specifically, individuals can make a lump - sum gift to a 529 plan of up to $ 65,000 ($ 130,000 for married couples) and avoid gift tax, provided the gift is treated as having been made in equal installments over a five - year period and no other gifts are made to that beneficiary during the five years.

For example, Guidant CEO David Nilssen recommends providing incentives to customers to pay in lump sums rather than installments because having enough cash on hand essential in the first few years.

In the U.K., the 1976 Fatal Accidents Act provides for a lump sum of $ 20,000 to a surviving spouse or the parents of a minor.

And a controversial special education funding model used in the 2016 - 17 and 2017 - 18 school years, when schools received a lump sum for staff positions instead of a set number of positions that were paid for through CPS headquarters, «more likely than not» delayed providing or eliminated teachers and classroom aides for some students.

And authorities concluded that a controversial special education funding model used in the 2016 - 17 and 2017 - 18 school years, when schools received a lump sum for staff positions instead of a set number of positions that were paid for through CPS headquarters, «more likely than not» delayed providing or eliminated teachers and classroom aides for some students.

This coverage provides a lump sum to repay outstanding payments in case of death or fatal illness.

A self - managed super fund (SMSF) can pay benefits in the form of a lump sum, an income stream (pension) or a combination of both, provided the payment is allowed under super law and the fund's trust deed.

Access to funds — A home equity loan provides you the money in an upfront lump sum and you repay over a defined period of time.

A family income benefit rider provides steady income to beneficiaries to cover monthly costs beyond the lump - sum death benefit in the event the insured dies prematurely,.

Ask if your employer provides sabbatical funding «The CBC has this great program, called the deferred salary leave plan, whereby you can take a pay cut of between 25 % and 40 % of your salary for three to five years, and they'll pay it back to you in bimonthly installments or lump sums,» says video documentary journalist Peter Wall.

You may also be offered the choice of buying an annuity, a product sold by life insurance companies that provides guaranteed income for life in exchange for a lump sum.

If she takes a lump sum and invests it in a house, that is great but doesn't provide any income at all.

1) Bharti AXA Life Hospi Cash Rider (UIN: 130B007V02): This rider allows payment of a fixed benefit for each day of hospitalization and also provides lump sum benefit in case of surgery.

A home equity loan, though, provides you with a single lump sum of cash, again based on the amount of equity in your residence.

You should also check out the Consumer Financial Protection Bureau's lump - sum payout guide and the Department of Labor's «Beyond the Numbers» report, both of which provide a good overview of the relevant issues in the annuity vs. lump decision.

An RRSP / RRIF is good for providing a regular income in retirement, but not so good if you need a large lump sum for a car, vacation, new roof, etc....

If you're good at negotiation, there is a chance that the lenders are willing to cancel some of their charges or interest provided you're willing to pay off their bill in one lump sum.

While a HELOC gives you the flexibility of tapping your home's value in just the amount you need as you need it, a home equity loan provides a lump - sum withdrawal.

When an individual wants to cash out of an annuity, he or she can withdraw a lump sum or withdraw in the form of payments for a specific period of time, providing a steady and reliable income stream.»

In exchange for premium payments, a life insurance policy provides a tax - advantaged lump - sum payment, known as a death benefit, to the beneficiaries when the insured passes away.

You make payments on the policy and, in return, the insurance company provides a lump - sum payment, also called a death benefit, to the beneficiaries you have chosen upon the death of the insured.

With a year in business and growing revenue, a term loan can provide a lump sum you can repay over a set period of time.

The MetLife research shows DC plan participants who selected an annuity were more likely than those who selected a lump sum to have been provided with a paper statement illustrating how much income their DC plan would provide in retirement (55 % vs. 28 %).

The annuity is a product in which the investor provides a lump sum of money to a counter-party (often, an Insurance Company).

If you have equity in your home, for example, you might consider tapping it with a reverse mortgage that can provide a lump sum, monthly payments or a credit line you can draw on as needed.

In a nutshell, a lump sum investment in the market would need to provide much higher returns in order to offer the same tax - free payments as the deferred annuitIn a nutshell, a lump sum investment in the market would need to provide much higher returns in order to offer the same tax - free payments as the deferred annuitin the market would need to provide much higher returns in order to offer the same tax - free payments as the deferred annuitin order to offer the same tax - free payments as the deferred annuity.

A life insurance policy is simply a contract between a life insurance provider and an individual to provide a lump - sum payment, called a death benefit, in exchange for making premium payments to the provider.

SIP plans provide a systematic form of investment where you can organize or plan your investment and break into smaller payments rather than invest a huge lump - sum amount in one go.

Similar to whole life insurance, term life coverage provides a lump sum death benefit in the event that the policyholder passes away while the policy is still active.

A personal loan provides the borrower with funds from a lending institution (generally a bank), whereby the full loan amount is paid in a lump sum that can be used at the borrower's discretion.

Budgeting loans and advances: This is a Government scheme providing interest free loans to those on certain income - based benefits if you need essential items for your home or other things that you can not pay for in a lump sum, such as clothes and furnishings.

More info This is a government scheme providing interest free loans to help if you need essential items for your home or other things that you can not pay for in a lump sum, such as clothes and furnishings.

Hospi Cash Rider: - This rider allows payment of a fixed benefit for each day of hospitalization and also provides lump sum benefit in case of surgery.

Simply put, an annuity is an insurance product that can be purchased to provide a sum of money either in the form of a lump - sum or ongoing contributions, such as in the form of monthly or annual payments used as income in retirement.

An annuity is a product that works like a traditional company pension, providing reliable cash flow for life in exchange for a lump sum.

Life insurance provides a tax - free lump sum of money to your loved ones in the event of your death, allowing them to continue toward their financial goals.

Critical illness insurance provides funds as a lump sum when you are diagnosed with an illness that is named in the policy.

In a deferred fixed annuity, you may elect to withdraw your money in a lump sum or you may want to select a lifetime income option, which provides you with a flow of income that you can not outlivIn a deferred fixed annuity, you may elect to withdraw your money in a lump sum or you may want to select a lifetime income option, which provides you with a flow of income that you can not outlivin a lump sum or you may want to select a lifetime income option, which provides you with a flow of income that you can not outlive.

In return for the ownership of part / or a percentage of your home, the home reversion company will provide a lump sum.

A life insurance policy for your child can protect you from financial ruin by providing enough cash to pay off the debt in a lump sum.

General Accounting Office (GAO) Report On Pensions And Lump Sums Among other things, this 2015 report details weaknesses in the information about payout options provided by private pension plans to their participants.

Life insurance policy is a contract between the insurers or insurance provider wherein a lump sum amount is promised as a death benefit to the beneficiary in the event of the policyholder's death, provided the policy was active and the premiums were paid till the insured's death.

In short, the Helen Woodward Animal Center CRT epitomizes the Center's slogan of «People helping animals and animals helping people» by providing people with tax deductions and income for life, while also leaving a lump sum of money for the animals.