Sentences with phrase «return of the lump sum payment»

Premiums are the fixed periodic payment made to the insurance company in return of the lump sum payment offered by the insurer to the beneficiary at the time of demise of the insured person.

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.

The premise behind an immediate annuity is simple: you give an insurer a lump sum in return for monthly payments that start at once and continue the rest of your life.

For instance, putting lump sums of cash toward credit card debt can wipe out high interest payments, which would give you a better return on your money than paying off low interest mortgage debt.

An annuity is financial contract in which an investor pays a lump sum of money to an insurance company in return for a series of future payments.

After you put out your own money for the down payment, the banks will return a percentage of your mortgage principal in a lump sum when your mortgage closes.

When you invest in an annuity through a lump sum or by making periodic payments over several years, your insurer in return agrees to make regular payments to you that can last the entirety of your retirement, says the SEC.

An annuity is usually a series of regular payments to you by a life insurance company in return for a lump sum payment.

You give an insurer a lump sum of money (the premium) and in return you get a monthly payment for as long as you live, regardless of how the financial markets are behaving.

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.

One thing that seniors might consider is a single premium option which is a lump sum payment into a policy in return for a certain amount of death benefit.

In a debt settlement, the lender agrees to accept less than the full balance of a debt in return for a lump - sum payment from the consumer.

In return for having a lump - sum payment, the creditor agrees to write off the rest of the debt.

The lump sum payments are basically free money regardless of whether you can dollar cost average it, anyway so you are getting a good return.

Hi Roberto — At the 27th year, your loan will have $ 120,000 remaining (of the original $ 512,000), which the lender wants to see returned in a lump sum (the balloon payment).

So expect both the size of your mortgage and your mortgage payment (depending on interest rates) to increase in return for a cold, hard lump sum of cash.

Your adviser could then compare that strategy to other options, such as devoting not all but a portion of your nest egg to an immediate annuity, a type of annuity that in return for a lump sum of cash guarantees 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.

Designed to prevent the risk of outliving your income, annuities work by giving a lump sum or series of payments to an insurance company, and in return, the insurer agrees to pay you a guaranteed income for a certain length of time (or even for the rest of your life).

In return for proving that you simply can not afford their demands, the IRS will reduce the amount of money you owe, and offer you an easier repayment schedule, typically extending the payments out over a period of several years, rather than requiring that you pay everything all at once in a large lump - sum.

The lower and more conservative this rate of return, the higher the additional lump sum or monthly payments would be, and vice versa.

This is equal to the lump sum payment, so the calculated interest is comparable to the stock market rate of return.

Cash Surrender Option: A type of non-forfeiture option that allows the insured to cancel his or her coverage in return for the full net cash value in one lump - sum payment.

Designed to prevent the risk of outliving your income, annuities work by giving a lump sum or series of payments to an insurance company, and in return, the insurer agrees to pay you a guaranteed income for a certain length of time (or even for the rest of your life).

In a typical immediate annuity contract, an individual would pay a lump sum or a series of payments (sometimes called annuity considerations) to an insurance company, and in return pay the annuitant a series of periodic payments for the rest of their life.

This money is paid in a lump - sum and is a tax - free payment since the money is a return of premiums paid with after - tax dollars.

And by the way, this lump - sum payment is non-taxable to the insured because it is a return of after - tax premium payments.

Since the lump - sum payment is considered a return of post-tax dollars, the money is paid on a tax - free basis.

Since the funds are considered as a return of after - tax dollars, the lump - sum payment is provided tax - free.

The Benefits of purchasing return of Premium Term Life Insurance is that at the end of the coverage period that you selected, you can choose to get a lump sum payment on the base premium amount you have paid out.

The effect of child support regulations will mean that when couples part and seek legal settlement of their property and financial affairs, the pressure will be intensified for an order, either for the sale of the former matrimonial home or its transfer to the absent parent in return for a lump sum payment to the caring parent.