Sentences with phrase «sum single premium»

It works like other whole life insurance policies, except that instead of paying an annual or monthly premium, the owner only needs to pay once in a lump sum single premium payment.

This product begins as an annuity with either a lump sum single premium deposit.

Not exact matches

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

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.

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

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.

Single - premium whole life (SPWL) is a type of life insurance in which a single sum of money is paid into the policy in return for a death benefit that is guaranteed to remain paid - up for the remainder of yourSingle - premium whole life (SPWL) is a type of life insurance in which a single sum of money is paid into the policy in return for a death benefit that is guaranteed to remain paid - up for the remainder of yoursingle sum of money is paid into the policy in return for a death benefit that is guaranteed to remain paid - up for the remainder of your life.

If you used the proceeds of a home mortgage to purchase or «carry» securities that produce tax - exempt income (municipal bonds), or to purchase single - premium (lump - sum) life insurance or annuity contracts, you can not deduct the mortgage interest.

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

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.

Surrenders allowed after 5 yrs (Zero charge) Pr IRDA > Unique Identif No (UIN): 105L111V01 Single Premium paid 5 Lac + 3 lac Sum Assured: 6.25 lac + 3.75 lac respectively ie sum assured is 1.25 times premium.

Under a single premium plan, the entire premium covering several years is paid in a lump sum at closing.

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.

A Life Insurance with Single - premium benefits is a type in which the premium is paid in lump sum to the policy to which in return death benefits are promised to be paid until the policyholder die.

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.

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

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.

2 The adjusted total premium is the initial single premium plus any underwritten increases, less any partial surrenders and any applicable surrender charges in excess of policy gain and any loans and accrued loan interest, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value.

An SPIA — or a single premium immediate annuity — create instant income during retirement through taking a lump sum of money and converting it into regular payments that continue for a specified period, or for the lifetime of the insured.

This policy is a single premium index life insurance plan, so there is just one single lump sum premium required, and then the policy will be considered paid up.

Single premium life insurance often offers the best return because you are handing over a large sum of money to the life insurance company up front.

An income annuity allows you to convert part of your retirement funds into a stream of guaranteed lifetime income payments using a single lump - sum of money called a «premium,» or through flexible premium payments over time, depending on the type of product selected.

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.

If it is single premium plan then the percentage of sum accrued is 1 % of the premium.

Minimum variable premium for Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana is not available and minimum variable premium for LIC Single Premium Group Insurance is Depends on sum assured and the group size.

Using this approach, rather than borrowing a sum of money on an annual basis to cover an annual premium payment, like you might expect, you typically finance a one - time, larger amount to fund a single premium life insurance policy.

The policy is single premium universal life, which allows you to make a one time lump sum payment for your coverage.

This single premium whole life insurance policy provides lifetime protection in one lump sum payment.

Single Premium Policy With life insurance and annuities, a contract in which the entire premium is paid in a lump sum at the beginning of the contract period.

Accordingly, a QLAC may provide for a single - sum death benefit paid to a beneficiary in an amount equal to the excess of the premium payments made with respect to the QLAC over the payments made to the employee under the QLAC.

It also works out well as a single premium life insurance policy option, where you make one lump sum payment for a lifetime death benefit.

According to Sum Assured Usually, single premium policies offer lesser sum assured compared to regular premium ones.

After just one single lump sum premium, there are no additional premiums that are due.

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

Premiums can be paid either in lump sum under the Single Pay option or for a limited period under the Limited Pay option of premium payment of this SBI child plan.

Family Health Optima from Star Health is a health insurance plan that gives protection to individual family member for a single premium under a single sum insured that covers all family members.

Protection policies that provide a benefit for a specific event, usually in a lump sum payment, and investment policies where the objective is to grow capital on regular or single premiums.

Another option that funeral insurance buyers have for paying their premium is to simply pay one single lump sum.

Premiums can be paid either in a lump sum at the commencement of this HDFC term insurance plan under the Single Premium plan option or regularly for the entire duration of the term under the Regular Premium plan options.

Premiums can either be paid in lump sum at commencement under the single premium plan option or regularly for the entire duration of the term under the regular premium plan option in this HDFC term plan.

Premiums payable either in lump sum under Single Pay, for a limited period under Limited Pay or for whole tenure of SBI child plan

Future Generali Pramukh Nivesh: This is a single premium unit linked insurance plan i.e. it is available with a one - time lump sum premium payment option only.

Single - premium variable life insurance allows you to buy insurance with a single premium (lump sum) payment in return for a guaranteed death benefit that will remain paid - up until yoSingle - premium variable life insurance allows you to buy insurance with a single premium (lump sum) payment in return for a guaranteed death benefit that will remain paid - up until yosingle premium (lump sum) payment in return for a guaranteed death benefit that will remain paid - up until you die.

Under this HDFC term plan, the death benefit is higher of 125 % of single premium or sum assured for plans which have single premium feature.

Premiums can be paid regularly for the entire duration of the plan under the Regular pay option or in one lump sum at the time of inception of the plan under the Single Pay option of premium payment.

Premiums under the plan are payable either for a limited tenure under the Limited Pay option or in one lump sum under the Single Pay option of premium payment.

Premium under the plan is paid in one lump sum at the commencement of the plan under the Single Pay option of premium payment.

Premium is paid once at the starting of the plan in one lump sum under the Single Pay option of premium payment.