Sentences with phrase «received in a lump sum payment»

Not exact matches

The premise behind an immediate annuity is simple: You invest a lump sum of money with an insurance company (although you would actually do so through an adviser, a broker or insurance agent) and in return you receive a guaranteed monthly payment for life regardless of how the financial markets perform.

In an immediate annuity, the purchaser gives an insurance company a lump sum of cash and receives payments until they die.

In addition, borrowers who have lump - sum payments made on their behalf under a student loan repayment program administered by the U.S. Department of Defense may also receive credit for more than one qualifying PSLF payment.

In exchange for a lump sum or a series of up - front payments, you will later receive a steady, predictable annual income.

With an installment personal loan, a borrower receives the money in one lump sum and then repays it in regular (usually monthly) smaller payments.

Receive one lump sum and pay it back in fixed monthly payments.

UPDATE: Larry Rulison of the Times Union has reported, after reviewing the separation agreements, that the four former employees «received a total of nearly $ 115,000 in lump sum [separation] payments.»

In 2010, Chief Salzmann received a lump sum buyout payment of $ 3,100 for 37 vacation days although his employment contract only entitled him to convert a maximum of 30 vacation days per year for pay.

The funds can either be received as a lump sum, or in small daily installments with additional interest payments of 10 %.

When an individual retires under a DB plan, she is entitled to a stream of payments that has a lump - sum value that we calculate using standard actuarial methods (which take into account expected mortality patterns and adjust the sum of payments to reflect the fact that they are received over many years rather than at a single point in time).

Imagine that a teacher receives a one - time lump - sum payment worth his pension wealth when she retires in a given year.

Perhaps you expect to receive a future lump sum and want the choice to pay down principal and receive an immediate decrease in payments.

Permanently injured workers may also receive a lump sum payment in addition to monthly compensation.

By splitting the lump sum payment into two, you'd lower your tax bill because the second payment would be taxed when you receive it (in the following year).

Q: My husband is retiring from teaching and will receive a large lump sum payment, but if he doesn't put it into a retirement specific account he'll have to pay about 30 % in tax on this sum.

While the updated benefit kicked in on the first of the year, payments won't be made until summertime, when parents will receive a lump sum for the first half of 2015, after which payments will be made monthly.

Borrowers may choose how they wish to receive proceeds from a reverse mortgage: as a lump sum, in periodic payments, as a line of credit, or a combination of these options.

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.

If all of your property was destroyed, as could be the case in a home fire, you will likely receive a lump - sum payment within the limit specified on your policy.

Single Disbursement Lump Sum: If the borrower (s) is eligible for a $ 100,000 loan but only needs $ 30,000, the borrower (s) may choose to only receive the $ 30,000 in a one - time lump sum paymLump Sum: If the borrower (s) is eligible for a $ 100,000 loan but only needs $ 30,000, the borrower (s) may choose to only receive the $ 30,000 in a one - time lump sum paymlump sum payment.

Critical illness insurances works in a very simple way: if you are diagnosed with any of the critical illnesses listed in your policy and survive the waiting period (typically it is 30 days), you will receive a lump sum payment that you can use towards anything you would like.

The time you spend in the Peace Corp will count only if you 1) do not choose to get an economic hardship deferment and make scheduled payments during your service or 2) make a lump sum payment on your loan from the Peace Corps transition allowance no later than six months after you receive the allowance.

With a home equity loan, you receive a lump sum payment for whatever amount you borrow, based on the amount of equity you have available in your home.

A reverse mortgage allows qualified senior homeowners to borrow against their home equity tax - free2 while continuing to own and live in their house.3 The money can be received as a lump sum, 4 monthly payments, or a line of credit to access when needed.

There are two primary ways that a retiree can receive pension benefits, including accepting ongoing payments through an annuity - style distribution for life, or receiving the cash in one lump sum payment.

However, the borrower is constrained to receiving all of their money in a lump sum payment and therefore pays interest on the entire payment.

Most variable annuities have two phases: the accumulation phase, in which your investments have the potential to grow tax - deferred, and the distribution phase (also known as annuitization), in which you receive income payments or a lump - sum payment.

Death Benefit Protection — Your entire accumulated value will be paid to your beneficiaries, who can elect to receive their benefits in a lump sum or series of payments.

the best personal loans are very simple and easy to understand.You receive a lump - sum payment of the amount you borrow, and then you pay back the personal loan in monthly installment payments.

Reverse mortgages allow homeowners age 62 and older to convert a portion of their home equity into tax - free loan proceeds, which they can elect to receive either in a single lump sum payment, monthly installments, or through a line of credit that allows funds to be withdrawn as needed.

The first step is calculating how much annuity you will receive in retirement, converting it to a lump sum if it will be monthly payments.

In a loan, you'll receive a single lump - sum payment.

Additionally, if you are diagnosed terminally ill, you can receive a one time lump sum payment if you are diagnosed as having 6 months or left to live (12 months in California).

Commutation Right: The right of a beneficiary to receive in a single lump - sum the remaining payments under an installment option which was selected for the settlement of the proceeds of life insurance policy.

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.

Under the adjustable rate reverse mortgage, homeowners can choose to receive home equity in monthly payments, term or tenure payments (a term payment being for a set term established by the borrower and a tenure payment being a payment for life), in a line of credit that you can access when you want, or a combination of any of these choices (i.e. a small lump sum to make repairs now, a portion in a line of credit to be able to access for later needs and the remainder in monthly payments for life).

Under Internal Revenue Code (IRC) section 104 (a)(2), gross taxable income does not include damages received in a lump sum or through periodic payments due to physical illness or injury.

When you sign up for our credit card payment insurance, you'll receive a lump - sum payment of up to $ 25,000 on your outstanding balance in the event of death, depending on the plan you choose.

For instance, if you owe $ 15,000 in credit card debt but are able to make a lump sum payment of $ 9,000 from savings or a windfall you receive, your creditor may agree to forgive the remaining debt and you would not have to pay it.

You hand over a lump sum to an insurer and begin receiving guaranteed monthly payments for the rest of your life immediately with an immediate annuity or, in the case of a longevity annuity, payments that start at later time, say, 10 or 15 years after you retire.

The offering might not be as attractive as the lump - sum payments offered by other employers, but receiving an additional discount in addition to refinancing to a lower rate could save employees thousands of dollars over a 10 - year period.

All recipients receive payment in one lump sum.

Homeowners can receive payments in a lump sum, on a monthly basis (for a fixed term or for as long as they live in the home), or on an occasional basis as a line of credit.

When approved for a personal loan, you'll receive a lump sum up front and then pay the money back, including interest, in regular monthly payments.

However, this is not the case with payday loans as it usually requires payment in one lump sum once you receive the paycheck.

Here, he may choose to partially commute 25 % of his pension income in order to receive a lump - sum payment of Rs. 30,000, upon a stipulated period of time.

This federally insured program allows you to receive up to $ 400,000 in one lump sum payment or as monthly payments for the rest of your life.

You hand over a lump sum to an insurer and in return you immediately begin receiving monthly payments that will last as long as you do, regardless of how the financial markets perform.

Receive funds in one lump sum, in regular monthly payments, as a line of credit, or a combination of the three

You can receive your funds in one of three ways (lump sum, periodic payments, line of credit) and your degree of responsibility can help you determine which form of «payment» is right for you.