Sentences with phrase «single lump sum amount»

Deferred Annuity: This plan allows you to pay premiums regularly (till the vesting stage) or even as a single lump sum amount.

The annuity payouts begin immediately after payment of a single lump sum amount (known as the purchase price).

Not exact matches

A home equity loan, though, provides you with a single lump sum of cash, again based on the amount of equity in your residence.

Single premium PMI means you pay the mortgage insurance premium upfront in a lump sum, either in cash or by financing it into your loan amount.

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

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

The amount needs to be paid out in a single lump sum, but you can end up saving a good deal of money by using debt settlement.

This type of annuity is purchased with a single, lump sum amount.

This is similar to private mortgage insurance / PMI, but it's a single lump - sum amount that's added on to your closing costs.

After a week or so, the loan amount plus interest is supposed to be paid back in a single, lump sum payment (often, your next paycheck).

Even people who only owe a few thousand (or sometimes even a few hundred) dollars are able to enroll in repayment plans that stretch their single lump - sum payment out over a longer period of time — typically something like 36 months, or 3 years, with the total amount owed being divided into much smaller monthly payments.

The changes included limitations on the amounts that can be drawn in the first year, the option to receive a smaller one - time single lump sum disbursement, as well as changes to the mortgage insurance premium, the principal limit factor tables, and requiring a financial assessment of borrowers» ability to pay future property taxes and insurance obligations.

Lump sum: all proceeds are paid in a single amount at closing, with the maximum allowable disbursement at loan closing or during the first year of the loan being restricted to 60 percent of the eligible benefit or the mandatory obligations plus 10 percent of the benefit.

The cost can be paid in a single lump sum, but CMHC says the amount is often added to the mortgage principal and repaid over the life of the loan.

Hence, he can opt for a single premium policy whenever you get a lump sum amount.

A death benefit on your insurance policy is an amount of money that may be paid out in a single lump sum...

It is better to invest your money over a period of time instead of investing a lump sum amount in a single go.

One option is a single premium insurance policy allowing the policyholder to deposit one lump sum, and then receive a specified amount of long - term care coverage if so needed, or to have their beneficiaries receive death benefit proceeds if the long - term care coverage is not used.

You pay in an amount of your choosing in one lump sum (a single premium).

Critical Illness Policy pays lump sum amount in a single transaction, incase of detection of any listed critical illness.

LIC Jeevan Akshay VI policy is basically a single premium immediate annuity scheme that you can buy easily by paying a lump sum amount.

You also have an option to pay a lump sum amount once as single premium and enjoy benefits for the full policy term.

A single premium immediate annuity is an annuity offered by insurance companies that requires one single lump sum payment in order to receive the benefit of regular payments for a certain amount of time.

LIC Single Premium Endowment Plan 817 is a non-linked savings cum insurance plan in which customer has to pay one time lump - sum amount and enjoy the...

A pure term insurance plan that provides life Insurance cover to you by paying a lump sum benefit to your family in case of an unfortunate death.Choice of single or regular premium payments and an additional amount in case of an accidental death.

These plans including the LIC»S single premium plan provides insurance cover of the policyholder which means that if any unfortunate incident takes place to the insured than a lump sum amount will be given to the family.

Since a lump sum payment is required, the insured must have a substantial amount of cash available to pay a single premium for their insurance.

Limited payment includes payment of premium for a specific amount of time say 3 to 5 years whereas Single payment refers to payment of a lump sum amount of money in one go.

A death benefit on your insurance policy is an amount of money that may be paid out in a single lump sum or sometimes over a period of time in annuitized installments, in the event of your death during the period of coverage of your policy.

Aviva Life Bond Advantage Plan is a single premium unit linked insurance plan that allows the individual to invest a lump sum amount for medium to long term.

If someone have a lump sum amount he / she can easily opt for this plan through investing one time as a single premium.

LIC JEEVAN AKSHAY — VI is one of the best single premium pension plan in LIC.This plan is designed to cover your basic requirements of pension and provides immediate pension from the very next month after paying a lump - sum amount.In JEEVAN AKSHAY pension amount is guaranteed for life time of the policyholder.