Sentences with phrase «single lump sum of cash»

A HELOC is a home equity loan with a twist: rather than giving you a single lump sum of cash at closing, you're set up with a line of credit you can draw on as needed.

The standard home equity loan is the most commonly used for debt consolidation because you borrow a single lump sum of cash, whatever you need to pay off your debts, and then pay it off over a period of years at a fixed interest rate.

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.

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

Not exact matches

No more lapses As the policy premium is single and is paid up in a lump sum, therefore, you do not have to stress over policy getting lapsed in a case of premium non-payment hence, making the policy valid for the entire policy term, which creates a good cash value while you render policy benefits in the end.

(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.)

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

They also offer variable access to cash instead of a lump - sum, single - purpose loan.

Furthermore, unlike installment loans that are repaid via multiple payments over the course of the loan, short - term cash advance loans are typically repaid as a single lump - sum payment that includes both the principal plus any and all applicable financing fees.

Unlike installment loans, short - term cash advance loans are repaid as a single lump sum at the end of the loan period.

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.

If you have a lump sum of cash that you don't need right now and you want guaranteed life insurance protection for your family or your favorite charity, single - premium life insurance may be the ideal product for you.

«Single - Premium Life Insurance» An insurance plan in which a lump sum of cash is paid up front to guarantee payment to beneficiaries.