Sentences with phrase «single lump payment»

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There are special rules that allow borrowers who are AmeriCorps or Peace Corps volunteers to use their Segal Education Award or Peace Corps transition payment to make a single «lump - sum» payment that may count for up to 12 qualifying PSLF payments.

Single premium PMI allows the homeowner pay the mortgage insurance premium upfront in one lump sum, eliminating the need for a monthly PMI payment.

Deferred annuities will grow tax - deferred for a period of time before being paying out, and they can be funded with either a single lump - sum purchase or with a series of payments.

You can also receive a single, lump - sum payment.

One option is known as «single premium», in which you make a lump - sum payment at the time of closing which covers your PMI policy for as long as your mortgage is active.

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).

Famous retail names such as Apple, Waterstones, Tesco, Folyes, Blackwell, The University Bookshop, Baker & Taylor and the Hive to name but a few.We manage your eBook upload and quality checking for your eBook, you receive a monthly payment from each of the retailers as a single lump sum.

You can execute transaction baskets too, that is, upto 12 transactions of a single nature (Lump sum or SIP or STP or Switch) at one time and with one payment.

Lump - Sum Option — A withdrawal option in which the annuity is surrendered and all assets are withdrawn in a single payment.

One option is known as «single premium», in which you make a lump - sum payment at the time of closing which covers your PMI policy for as long as your mortgage is active.

Single payment loans allow you to repay a loan in one lump sum.

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.

The premium can be paid in a single lump sum or it can be added to your mortgage and included in your monthly payments.

Single Premium Deferred Annuity: A deferred annuity funded by one lump sum, which will begin to provide payments to the account holder on a specified future date.

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.

An immediate annuity is a contract between you and an annuity issuer (an insurance company) to which you pay a single lump sum of cash in exchange for the issuer's promise to make payments to you (or the annuitant) for a fixed period of time or for the life of the annuitant.

Single premium life offers permanent life insurance that is paid up in a onetime lump sum payment.

Colleges can choose to disburse grant funds in the form of a single lump sum payment or disbursement (equal installments) by sending federal financial funds to your school and crediting them to your account.

A SPIA, or single premium immediate annuity, is designed to generate instant income during retirement by taking a lump sum of money and converting it into systematic payments that continue for a specified period of time or for the life of the insured individual.

There are several ways consumers can lump debts into a single payment.

You can choose to make premium payments in either a single lump sum or multiple payments over time.

Depending on the terms and conditions of the plan (refer to prospectus), there are also some options of converting ongoing payments into a single lump sum payment after the plan has been active for a certain number of years and not contribute any further.

If your total monthly payment remains the same for both cases, the math will show that if you lump higher interest rate debts into a single lower - interest rate loan, you can get out of debt faster and pay less interest in the long run.

It's better to make lump sum payments on a single debt than to spread your higher payments among all your debts.

A home equity loan is a closed loan, which means you receive a single lump sum that you pay back with regular payments over a predetermined period of time.

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.

A loan with a balloon payment requires that a single, lump - sum payment be made at the end of the loan.

A single lump sum withdrawal — You could withdraw your entire TSP balance in a single payment often used to pay off a home mortgage or consumer debt at retirement.

Two types of universal life insurance: The «Single - Premium» universal life policy can be purchased with a single lump - sum paSingle - Premium» universal life policy can be purchased with a single lump - sum pasingle lump - sum payment.

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

With single premium, you make a one time lump sum payment.

An equity loan provides a single lump sum all at once against which you make set monthly payments.

Alternatively, you can take out a Florida consolidation loan and get rid of your bills with a single lump sum payment.

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.

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.

Lump sum, where the life insurance company pays the total amount of the benefit in one single payment at the death of the insured

(A present value is a single number that expresses a flow of current and future payments in terms of an equivalent lump sum paid today; the present value of future cash flows depends on the discount rate that is used to translate them into current dollars.)

Consumers that owe money to a number of different lenders may consider consolidating their credit, which lumps the numerous loans they are carryinginto one new loan with one single monthly payment.

When purchasing an FIA, you agree to pay for it in either a single lump sum or multiple payments over time.

He says borrowers are less likely to make extra payments if they are only allowed to make a single lump - sum contribution on an anniversary date.

But this single lump sum can take years to save up, so being able to secure approval with no down payment not only saves money but time too.

Many people use these loans to pay for home improvement projects, college tuition, or other expenses where a single, lump - sum payment makes the most sense.

You could use a home equity loan (HEL) and receive the funds as a single lump - sum payment.

Normally, anything between 5 % and 10 % is expected as a down payment, so as much as $ 20,000 is needed a single lump sum.

Fixed - rate loans provide a single, lump - sum payment to the borrower, which is repaid over a set period of time at an agreed - upon interest rate.

An HELOC or home equity line of credit is accessible at any time when it is needed but a home equity loan is a single lump sum payment.

You can tap into a reverse mortgage through a single lump - sum payment, an annuity (which is paid out in one - time annual payments), a line of credit (where you can take out money as needed), or monthly payments, which is the route most seniors take.

Lump sum: You receive a single payment of cash, similar to a regular home equity loan.

There are even programs available that enable you to make a single lump sum payment to pay for one or multiple policies — a great idea for grandparents!