I personally resent being billed the huge lump
sum yearly payment every January before I have even earned a nickel.
Not exact matches
The court defined an annuity as «a
sum paid
yearly or at other specified intervals in return for a
payment of a fixed
sum by an annuitant» and that the «annuity itself is the totality of the
payments to be made under the contract».
My take on it is if you have a good income, always do variable — on top of the lump
sum payments you can do
yearly, the amount of interest you save will probably more than outweigh the rate at which the rate will go up (if it ever starts going up).
These include a lump
sum payment, lump
sum payment plus an annuity that may be monthly, quarterly or
yearly, or simply annuities that are spread over the agreed number of years.
Discounted Premiums:
Yearly and half - yearly premium payments and for higher sum assured c
Yearly and half -
yearly premium payments and for higher sum assured c
yearly premium
payments and for higher
sum assured chosen.
Immediate annuity plans are those annuity insurance plans in which a person has to make lump
sum payment to the insurance providers and starts receiving a monthly, quarterly, half -
yearly or
yearly amount immediately.
The single premium or premium for only a part of the policy tenure are higher
sums than the
yearly payments but provide the assurance that once they are taken care of, the insured person will not have to worry again about the premium for the Term insurance return of
payment plan.
One can either make a lump
sum payment or regular
yearly contribution during earning years in the tax savings pension plan.
There is no fixed premium as the amount of premium depends on the following factors - term of the policy,
sum assured,
payment frequency of premium (monthly, quarterly, half
yearly, annual) and the riders opted, if any.
There is mode discount for
yearly and half -
yearly premium
payments and for higher
sum assured chosen
There is mode discount for
yearly and half -
yearly premium
payments and for higher
sum assured chosen by the policyholder.
- If the basic
sum assured is Rs 1000000 and above: The rebate per 1000 Rs is 0.75 %, and the
payment method has to be
yearly, and the percentage will be 2 %.
Aegon Life Insurance Company offers the option of easy
payment with monthly, quarterly, half
yearly,
yearly and lump
sum options.
- If the basic
sum assured is Rs 500000 to 990000: Rebate per 1000 Rs will be 0.50 % of the basic
sum, and the
payment method has to be half -
yearly where the percentage will be 1 %.
Recurring Payout Option: Under this payout option, the nominee receives 10 % of the
sum assured on the death of life insured as an immediate
payment once the claim is accepted.The balance amount of
sum assured is paid either as monthly or
yearly income.
Life Insurance Corporation of India is going to launch its new plan Jeevan Umang (Table No: 845) is a non-linked whole life assurance plan which provides fixed
yearly amount (8 % of
Sum Assured / Year) after completion of premium
payment up to 100 year of age and on maturity lump
sum amount on maturity (completion of 100 years) or death.
One option is a lump
sum payment, but there are also annuity options, which provide a
yearly payout.
Jeevan Anand (
sum assured 10 lakhs, half
yearly payments of 15719 for 30 years) and New money back plan - 25 years (
sum assured 10 lakhs, qtrly
payments of 15237).
You can also request monthly installments for property tax
payment rather than a lump
sum yearly.
By adding an additional amount to a monthly principal
payments or making an additional
yearly lump
sum payments, homeowners gain thousands of dollars in equity.