Sentences with phrase «receives guaranteed lump sum»

The limited payment term is 10 years to suit your finances and one receives guaranteed lump sum payout equal to 55 % of the sum assured.

The policyholder receives guaranteed lump sum payouts on survival until the age of 65 and on maturity of the policy.

If you stay invested for the policy term you choose, then on maturity you become eligible to receive a guaranteed lump sum amount.

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.

That's because when you invest a lump sum with an insurer today, the insurance company guarantees you will receive a monthly income payment for the rest of your life.

Guaranteed death benefit protection so that your beneficiary receives a lump sum payout when you die.

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.

Cash Refund Annuity Income Payment Option Any type of income annuity that guarantees should the annuitant die prior to receiving payments equal to the premiums paid, the difference will be refunded to the named beneficiary in a lump sum.

On maturity, a lump - sum amount along with Assured Sum and guaranteed accrued is received by the insurer.

In case the insured dies after the completion of first 5 years of the policy, the nominee of the policy receives the basic sum assured + accrued guarantee addition + simple reversionary bonus + final reversionary bonus (if any), which can be paid as a lump - sum or as an annuity, or as a combination of two.

The money in your fixed annuity, which you invest as a lump sum, earns a guaranteed fixed rate of interest.2, 3 Fixed deferred annuities are not subject to the ups and downs of the stock market and you don't pay taxes on your earnings until you withdraw them.4 With a fixed deferred annuity, you will also receive protection for your beneficiaries through a guaranteed death benefit.2

If you have a traditional policy that pays a lump sum amount or have a guaranteed income plan that makes payments after every few years, then it's time you choose a plan that ensures your family and loved ones receive a monthly income to help them pay for the living expenses.

The money in your annuity, which you invest as a lump sum, earns a guaranteed fixed rate of interest.2 Fixed deferred annuities are not subject to the ups and downs of the stock market and you don't pay taxes on your earnings until you withdraw them.3 With a fixed deferred annuity, you will also receive protection for your beneficiaries through a guaranteed death benefit.1

You may also choose a policy with a guaranteed death benefit, which means your family is guaranteed to receive a lump sum of money in the event of your passing.

A critical reason to purchase life insurance is to ensure that one's dependents, i.e. parents, spouse and children, receive a lump sum or a regular monthly income that will guarantee their financial security, in the unfortunate event that the policyholder passes away or gets disabled (thus putting a stop to his / her income).

This means that while beneficiaries will receive more guaranteed money in the long run with interest, they might be able to make more by taking the lump sum and making smart investments.

In the event of death, your family will have the flexibility of receiving a lump sum pay out or guaranteed monthly income.

Target Group For customers looking for a tax saving life insurance plan that offers flexibility of paying for a limited period and receive guaranteed regular money backs alongwith a guaranteed lump sum benefit.

You receive a lump sum benefit on maturity and are also eligible for Guaranteed Yearly Additions and Bonuses that further maximize your savings.

Under the Aspiration option for Maturity Benefit payout, lump sum is paid on Maturity which is the Sum Assured and Guaranteed Additions where the total benefit received is equal to 125 % of the SA

The policyholder will receive a lump sum bonus at maturity, and regular guaranteed payout for 15 years after the maturity.

Option 2: Receive 50 % of the Guaranteed Death Benefit as a lump sum and 0.42 % of Guaranteed Death Benefit as monthly income for the next 10 years increasing at 8.50 % p.a. (simple rate) every year starting from the policy anniversary following the date of death of the life insured

Death benefits are guaranteed through the MassMutual whole life policy, which means the beneficiary of your life insurance policy receives a lump sum cash payment regardless of when you die.

In a whole life insurance, the policy benefits are provided to the nominee as a one - time lump sum amount, but by choosing this rider, the nominee can exercise the option to receive benefits in installments as a guaranteed income.

Benefits like guaranteed additions and bonuses while ensuring that your family receives a lump sum benefit in case of your unfortunate death.

Additionally, his son will receive all the remaining guaranteed pay - outs and lump sum maturity benefits.

Option 2: Receive a regular Guaranteed Income in addition to the lump sum amount of money: The pay out is an aggregate of:

Scenario B: Mr. Gupta dies during the Term of the Policy In the event of unfortunate demise of Mr. Gupta in the 3rd policy year after payment of 3 years» premiums, his family will receive a lump sum amount of Rs 1,014,000, Guaranteed Sum Assured on maturity equal to Rs 2,00,000 along with accrued Annual bonuses and Final bonus, is payable on maturity.

You have an option to receive the maturity benefit as a lump sum which is Guaranteed Sum Assured at Maturity equal to 110 % of the Basic Sum Assured plus Vested Reversionary Bonuses plus Terminal Bonus.

In case the life insured is diagnosed with a critical illness (from a list of pre-defined critical illness covered under this benefit), a lump sum total of the guaranteed annual payouts, proportional to the premiums received, is paid out immediately to help with the treatment and other expenses.

In the unfortunate event of your death during this period, your family will get a lump sum amount regardless of any Guaranteed Annual Payouts or Critical Illness Benefit received earlier.

In case the life insured is diagnosed with a critical illness (from a list of pre-defined critical illness covered under this benefit), a lump sum total of the Guaranteed Annual Payouts, proportional to the premiums received, is paid out immediately to help with the treatment and other expenses.