Sentences with phrase «select lump sum amount»

In case of death of policyholder, nominee will have the option to either select lump sum amount or regular monthly income.

Not exact matches

The settlement requires payment of a lump sum amount of $ 50,000 from Target Canada Inc. for the exclusive benefit of a registered charity selected by your Representatives.

The lump sum payment can not be less than six times or more than 36 times the monthly amount that would be payable under the plan of payment selected.

You can elect to use your Education Award to make a lump sum payment on an eligible loan for which you are seeking public service loan forgiveness, the Department of Education will consider you to have made either: (1) the number of payments that would result from dividing the amount of the lump sum payment by the monthly payment amount you would have made under your selected repayment plan (2) twelve payments — whichever is less.

By devoting a fixed lump sum amount or selecting monthly or annual payments, you'll not only put your college savings goals within reach; you can lock in the price of future Tuition now.

Both term and permanent policies allow you to select an amount of coverage in exchange for your premium payments over the life of the policy, providing a lump sum payment to your beneficiaries when you die.

Transamerica, an A + rated company founded in 1904, offers unique options, with a few of their term life products, such as Living Benefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requirements.

** Policy holders above age 45 years at start of policy have an option to select 7 times the annualized premium as the lump sum amount.

This pension plan allows the policyholder to pay a lump sum amount for policy and select a payment amount to receive on monthly basis.

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 payments.

With a minimum of four annuity options to select from, the plan allows the flexibility to pay at once a lump sum amount as a purchase amount for the policy.

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.