Sentences with phrase «taking lump sum benefit»

The option of taking lump sum benefit can not be exercised once the fixed income protection payment has commenced.

On maturity, the available Fund Value along with the loyalty additions is paid to the policyholder and he can take the lump sum benefit or use the Settlement option to take it in instalments.

The policyholder can take the lump sum benefit or use the settlement option to take it in instalments when the plan matures.

Not exact matches

Add onto that the benefits of taking the lump sum and starting something fresh and exciting and it was just the right time for me.

Should you take the lump sum or the new monthly benefit?

If something were to happen to me, the way the system is right now, without me taking the pension, she would have just received a lump sum payment, not a monthly benefit.»

If you're under 55 when you leave your company, you'll be offered the option of taking your pension benefit as a lump - sum payment.

«In much the same way investment advisors and the investment industry preach dollar - cost - averaging and investing small increments of money over a long period of time, as opposed to one lump sum of money all at once, I think that just goes to justify the benefit of taking the payments over the long run,» says Heath, «Especially if one didn't have a lot of financial aptitude.»

Unfortunately, many, if not most, companies that have a lump sum option offer only an either - or choice: take your entire pension benefit as a lump or lifetime payments.

The critical illness rider will give you a lump - sum benefit, taken out of your death benefit, that will help you cover unexpected medical costs and other expenses.

Richard asks: If «volatile markets are the new normal», will this new reality drive prospective retirees to take the monthly benefit, rather than a lump - sum distribution?

The beneficiary can elect to annuitize the death benefit over his / her life expectancy instead of taking it as a lump sum.

The first would allow current participants in defined benefit plans (for the small percentage of consumers that still have DB plans) to take their retirement savings in the form of an annuity plus a lump sum.

Instead of taking the Death Benefit of a life insurance policy all at once as a lump sum, it's also possible to receive the policy's payout in regular installments.

If your final salary service includes service before 1 January 2007, you will get a programmed lump sum when you take your final salary benefits.

If you only have final salary service after that date, or have any career average service, you will not get any programmed lump sum when you take your benefits.

The beneficiary can elect to annuitize the death benefit over his / her life expectancy instead of taking it as a lump sum in some instances.

One place to take the lump sum is with life insurance companies off of a death benefit.

The research indicates that when DC plans offer distribution options alongside a one - time lump - sum benefit payment, a good number of retiring plan participants are interested in, and take advantage, of these options.

This is an important extra cost to be mindful of, and an argument for taking the death benefit as a lump sum.

The receiving spouse also benefits from lump sum spousal support because he / she can take that money and invest it somewhere or buy a property with it and earn interest on it rather than having to wait each month to get paid or be dependent on his / her ex-spouse.

Mr. Allen took the position that he had been terminated without notice and was entitled to a lump sum payment for 15 months» salary and benefits.

You take out mortgage life insurance for the same amount — $ 300,000 lump sum death benefit.

From laddering term policies to taking an annualized income instead of a lump sum death benefit, we know all the ways to save you money on life insurance.

The critical illness rider will give you a lump - sum benefit, taken out of your death benefit, that will help you cover unexpected medical costs and other expenses.

In case of death, the benefit can be taken either in lump sum, or in instalments under the Regular Annual Payout option or 50 % in lump sum and 50 % in instalments as per the policyholder's choice.

This is an important extra cost to be mindful of, and an argument for taking the death benefit as a lump sum.

As it is a pension plan you can take the benefits in the form of pension and can not withdraw the money in the form of lump sum.

Upon death of the insured the death benefit is payable which can be taken in monthly instalments or in one lump sum

The nominee can avail the entire death benefit in lump sum or take 20 % of the benefit in lump sum on death and the remaining in annual instalments over a payout period of 10, 15 or 20 years @ 11 %, 8.37 % or 7.12 % respectively

Also, take adequate risk cover option to ensure that the death benefit is a considerable lump sum, which can aid your child and family in case of your demise.

A significant part of the policy benefits will not be available as a lump sum, but has to be taken as annuity.

When you take time to invest in life insurance, you have peace of mind in knowing that your loved ones will receive a lump sum, tax - free benefit.

Transamerica actually forces you to take a minimum death benefit as a lump sum of $ 10,000.

Instead of taking the Death Benefit of a life insurance policy all at once as a lump sum, it's also possible to receive the policy's payout in regular installments.

Also, in case of an unfortunate event, the nominee can opt to take the claim settlement benefit in five customizable options like equal or increasing monthly instalments or partially in lump - sum & balance in instalments.

Protective Life — Competitive for controlled Type 2 diabetics, especially if you take your death benefit over time (over 20 years) instead of a lump sum.

Your nominee also has an option to take the Death Benefit as a lump sum benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded Benefit as a lump sum benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded yearly.

You may take your Maturity Benefit as lump sum at the Maturity Date by selecting the said option at the inception of the policy.

■ The additional death benefit can be taken as lump sum or as 25 % of basic sum assured paid at the end of the each last four years and family income benefit as 1 % of the basic sum assured at the end of every month following the date of death till the end of the policy term but not less than 36 monthly payments.

The nominee has the option at the time of claim settlement to take lump sum Death Benefits as the discounted value of outstanding instalments.

The fund value inclusive of top - up fund value is paid as maturity benefit to the policyholder who can take it as a lump sum or as instalments through the Settlement option.

You may take up to 1 / 3rd * of vesting benefit as a lump sum and purchase an immediate annuity from us with the balance amount at the then prevailing annuity rates under any immediate annuity plan available on sale then.

Seek an insurer who offers you the liberty of choosing of either cashless reimbursement or, a benefit policy (You can choose to take lump sum amount and use it as per your convenience).

The nominee can choose to take 100 % of the death benefit in lump sum or 50 % in lump sum and 60 % in instalments under the Family Income Benefitbenefit in lump sum or 50 % in lump sum and 60 % in instalments under the Family Income BenefitBenefit option

The Fund Value is the maturity benefit which may be taken in lump sum or availed in instalments over 5 years after the maturity datethrough the Settlement Option feature under the plan.

Alternatively, the policyholder can choose to take the maturity benefit in lump sum where 110 % of the Sum Assured and vested reversionary bonuses and terminal bonus is paid

Death benefit can be either taken wholly in lump sum or partly in lump sum and partly in monthly instalments

The life company may take some time to investigate the circumstances of the death but, if all passes muster, then the insurer will pay out the death benefit or protection amount in a lump sum or in annual payments.

The death benefit option under the plan is flexible and can be taken in lump sum, as monthly instalments or in a combination of both.