Sentences with phrase «surrender value on»

The policy will acquire a surrender value on payment of at least 2 full policy year's premium, when premium payment term is less than 10 years and it can be acquired on payment of at least 3 full policy year's premium, when premium payment term is 10 years or above.

The policy will acquire a surrender value on payment of at least 3 full policy year's premium.

The policy acquires the guaranteed surrender value on payment of all premiums for at least two full policy years.

The policy shall acquire a Surrender Value on payment of: a) At least two full years» premium if the premium payment term is less than 10 years.

This policy acquires a surrender value on payment of first three years» premium.

Policy termination or Surrender Benefit: The policy does not acquire any surrender value on canceling or making any surrender.

Policy Termination or Surrender Benefit: This policy acquires Surrender Value on the completion of two full policy years with the provision that all premiums were paid.

The loan amount will be equal to 60 % of the surrender value on the date of sanctioning of loan.

Policy Termination or Surrender Benefit: This policy acquires Surrender Value on the completion of three full policy years with the provision that all premiums were paid.

Policy Termination or Surrender Benefit: The policy acquires Surrender Value on the completion of three full policy years provided all premiums were paid.

If «With ROP» is chosen then the higher of the surrender value on the date of death or 80 % of the premiums received till the date of death, will be refunded.

Guaranteed cash surrender value on the basic insurance - available, but not guaranteed on insurance bought with the Paid - up Additions (PUA) option

And, if the insured commits suicide within the first year of plan renewal, then a higher of Surrender Value on death and 80 % of premiums paid till date shall be payable.

Policy termination or Surrender Benefit: This policy acquires Surrender Value on the completion of three full policy years with the provision that all premiums were paid.

Not exact matches

Those charges may decrease the value of the policy substantially depending on how early the policy, or any portion of it, is surrendered or accessed.

This emphasis on the individual's rights and feelings makes the need for surrendering value, or property for the common good, a difficult proposition in municipal politics.

Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).

Emphasis has always been on India's socio - economic interests, not on surrender to foreign pressure and laying bare our economic space for MNC occupation, subverting our Constitutional values, cultural heritage and march towards a self - confident future.

I felt like I was having a mental battle with it, as I was so curious what number it would spit out for me on that day (while reminding myself that the number has nothing to do with my worth or value), but also terrified that, because I've surrendered control and trusted my body to determine all of my needs, I would have gained weight.

Amidst news of Amazon's apparent surrender today in the war with Macmillan over ebook pricing, the highlighted book on Macmillan's home page is Priceless, subtitled «The Myth of Fair Value (and How to Take Advantage of It)»:

And if you utilize the policy correctly, using loans and avoiding coverage lapses or surrenders, you will never need to pay taxes on the cash value growth.

The market value adjustment will, as the name suggests, adjust the amount you're able to surrender based on market conditions at that time.

This benefit includes a choice of two Withdrawal Base1 growth options — 10 % with no interest credits added or 7.5 % plus an additional dollar amount of interest credits annually, minus any withdrawals.2, 3 In addition, ForeIncome offers a Guaranteed Minimum Surrender Value (GMSV) 4 which has the potential to increase contract value but terminates on the GLWB activation Value (GMSV) 4 which has the potential to increase contract value but terminates on the GLWB activation value but terminates on the GLWB activation date.

Choice Income also offers a Guaranteed Minimum Surrender Value (GMSV) 9, which may increase your contract value upon surrender, after the withdrawal charge period but terminates on the GLWB ActivatSurrender Value (GMSV) 9, which may increase your contract value upon surrender, after the withdrawal charge period but terminates on the GLWB Activation Value (GMSV) 9, which may increase your contract value upon surrender, after the withdrawal charge period but terminates on the GLWB Activation value upon surrender, after the withdrawal charge period but terminates on the GLWB Activatsurrender, after the withdrawal charge period but terminates on the GLWB Activation Date.

Terminal Illness / Nursing Home Care Rider After the first policy year, the withdrawal charge on withdrawals up to 50 % of the Cash Surrender Value ($ 1,000 minimum) is waived upon the occurrence of one of the following events for the Owner: (a) Terminal illness (life expectancy of 12 months or less).

You can take out a loan on a life insurance policy's cash surrender value if you're in need of immediate funds.

This is in contrast to a Market Value Adjustment, which reduces / increases the amount available on surrender if interest rates have moved since purchase.

In those cases — and if you are current on payments — you can surrender the property to pay off creditors; reaffirm the debt and continue to pay it after the bankruptcy; or redeem it by paying the creditor the replacement value of the property.

Also will the tax be on total surrender value of 16lacs or on the capital gain of 4 lacs?

Whether it would be on capital gains or the entire surrender value

You will NOT have to pay tax on the surrender value of your policy, if:

As per the current understanding, the tax has to be paid on the full surrender value of the pension plan.

Since your Sum Assured was more than 5 times the annual premium, your policy should not be subject to any tax on surrender value.

I always paid the premium on time till 2014 and surrendered these policies in June 2015 with a total surrender value of approx 2 L.

My Query is does Total surrender value 434000 is taxable because its already has 400,000 component on which tax is already paid

I had surrender this policy on Sept - 15 i.e. after completion of 6 years.I got surrender value as Rs. 104000.

Hope the surrender value is Nil on surrender.

You will NOT have to pay tax on the surrender value of your policy nor reverse Section 80C benefits, if: You have paid your insurance policy premiums for at least 2 years after buying the policy.

From a strategic standpoint, the popularity of cash value life insurance stems from its ability to both provide insurance protection and grow funds on a tax - deferred basis — interest and earnings in policies of this type are not taxable unless a triggering event occurs, such as surrendering the policy.

If, on the other hand, you're one of the millions of Americans who find themselves underwater on their home values, and your mortgage has become a financial albatross that you can no longer afford to carry, filing for bankruptcy gives you the right to surrender the property and walk away with no liability for a deficiency judgment.

It is vitally important that prospective buyers fully understand the impact of these charges on the Deferred Annuity's cash surrender value, when they're imposed, and when they're waived.

The Market value adjustments (MVA) may be an additional penalty on top of your surrender charge or CDSC percentage due to bond market losses due to rising interest rates.

With flexible requirements on the paid up additions options, the policy provides early high cash value surrender values, making Penn Mutual's whole life policy a top contender for anyone looking for the best cash value whole life insurance.

You can mitigate this risk by electing the No Lapse Guarantee Rider on the universal life policy you choose.This rider ensures that if you fund the policy at a premium level required to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly charges.

The flexibility of a universal life policy — specifically your ability to change payment dates and premium and coverage levels — is a valuable feature, but it's also dependent on your policy having enough cash surrender value to cover the monthly policy charges.

If a policy of insurance has been or shall be effected by any person on his own life or upon the life of another person, the policyowner shall be entitled to any accelerated payments of the death benefit or accelerated payment of a special surrender value permitted under such policy as against the creditors, personal representatives, trustees in bankruptcy and receivers in state and federal courts of the policyowner.

If a policy owner wants to surrender early, the insurance company has a surrender value or cash value that reflects no loss to the insurer on average.

If we can't come to an agreement on the vehicle's value, my client always has the option of surrendering the vehicle and owing no more on it.

However, an option now exists which enable policyholders to receive amounts more than cash surrender value by selling the policy on the life settlement market.

Gain on a full surrender Gain on partial distributions IRA distributions TSA / ORP distributions Correction of excess contributions to IRAs Conversion of IRA assets to a Roth IRA Gain on surrender of Paid Up Additions (PUAs)(Note: Automatic surrender of PUAs for Value Pay is not a taxable event) Processing of Non-Forfeiture Option (NFO) to Extended Term Insurance (ETI) or Reduced Paid Up (RPU) Interest earned on dividend accumulations Loan on a MEC Dividend used to reduce loan interest on a Modified Endowment Contract (MEC) Dividend used to reduce loan on a MEC Compound of loan interest on a MEC Gain recognized on lapsed contract with a loan Collateral assignment on a MEC Non-qualified Annuity (NQA) Collateral Assignments Special interest paid on money held too long Interest earned on advance premiums 1035 exchange without paying off loan first Earnings on non-individual owner contracts for which an exception under section 72 (u) of the Internal Revenue Code does not apply