Sentences with phrase «time lump»

Single Disbursement Lump Sum: If the borrower (s) is eligible for a $ 100,000 loan but only needs $ 30,000, the borrower (s) may choose to only receive the $ 30,000 in a one - time lump sum payment.

Rayford, who is fighting to keep her Washington home, obtained a reverse mortgage in 2008 to pay off a $ 41,000 traditional mortgage and refinanced in 2011 to retire that loan and cover other expenses, receiving a one - time lump sum of about $ 60,000.

A HELOC is a line of revolving credit with an adjustable interest rate whereas a home equity loan is a one time lump - sum loan, often with a fixed interest rate.

300k as a one time lump sum is not enough for many of us to quit a day job.

In addition, one - third (36 per cent) have doubled - up or increased their bi-weekly mortgage payments, or made a larger, one - time lump sum payment.

It may also be paid yearly or, in certain rare cases, in a one - time lump sum.

A one - time lump sum payment is provided to help with the costs of treatment, travel or time off work.

Though some people mix them, critical illness insurance, as opposed to Disability Insurance (Income Replacement / Protection Insurance), pays a one - time lump sum if you are diagnosed with a particular critical illness.

It does not pay a one - time lump sum but offers regular payments while you are disabled, substituting your income or a part of it depending on the policy you have.

To make this option more enticing to policyholders, some life insurance companies will offer a discount to clients that opt for an annuitized payout, rather than a one - time lump sum.

In a whole life insurance, the policy benefits are provided to the nominee as a one - time lump sum amount, but by choosing this rider, the nominee can exercise the option to receive benefits in installments as a guaranteed income.

Funding the Plan This type of LTC / life plan typically requires a one - time lump sum deposit amount rather than the traditional monthly or systematic premium payments.

They now offer a variety of options, such as monthly instead of a one - time lump sum payout option to increase sum assured, premium waiver in case of critical illness or total and permanent disability, and cover for whole life.

Life Insurance benefits are usually given to the nominees as a one - time lump sum, income benefit rider allows you the choice of distributing policy benefits in installments as a family income to the nominees.

Regardless of whether or not you pick the one time lump sum payment or more than one small payment method, you may be assured of long - term financial savings.

Top - up is a one - time lump sum investment you can use during your policy tenure.

LIC Single Premium Endowment Plan 817 is a non-linked savings cum insurance plan in which customer has to pay one time lump - sum amount and enjoy the...

In single premium, only one time lump sum premium is paid.

An annuity in which benefits begin soon after the annuity is purchased by paying a one - time lump sum amount.

Single Premium Policy: A whole life policy for people who want to buy a policy for a one - time lump sum, and then be covered for the rest of their lives without paying any additional premiums.

Premium Payment - This is a different plan since it requires you to pay one - time lump sum premium.

However, the fact stays on that regular expenses are needed to be met on a monthly basis, and a one - time lump sum might sometimes leave the recipient mystified about how to put in or use that money, especially when they are not aware of the financial mumbo - jumbo.

The rider metes out a pre-determined amount as a one - time lump sum payment.

The policyholder receives a percentage of the sum assured for a specific period of time or as a one - time lump sum payment.

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

You can choose the plan with one time lump sum payout, or one time plus annual payouts.

Top - up is a one - time lump sum investment provision for you as an investor which can be used during your policy tenure.

Critical illness benefit option - Upon diagnosis of any of the 40 specified critical illnesses, the benefit amount is paid as a one - time lump sum.

The Chronic Illness rider pays a one - time lump sum payment of up to 50 percent of the policy's face amount with no waiting period.

Additionally, if you are diagnosed terminally ill, you can receive a one time lump sum payment if you are diagnosed as having 6 months or left to live (12 months in California).

Policyholders are usually provided with one - time lump sum payouts once they are diagnosed with any of the critical illness mentioned in the policy.

With single premium whole, the insured pays a one - time lump sum as a payment for a lifetime of coverage.

If there is no spouse, a dependent child generally age 18 or under is then eligible for a one - time lump sum death benefit.

Gain a guaranteed income stream in retirement that you can't outlive by simply paying a one - time lump sum of money into this immediate annuity.

Single Premium — This is a one - time lump sum initial payment that pays for the purchase of the policy

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.

Life insurance benefits are usually paid out to beneficiaries in a one - time lump sum.

Critical illness insurance plans provide that, upon the diagnosis of a covered illness, you'll qualify to receive a $ 25,000, $ 50,000 or $ 75,000 one - time lump sum payment.

These give you a one - time lump - sum amount along with the term insurance benefit, in the event of an accidental death or an accident leading to permanent disability.

Critical illness insurance plans provide that, upon the diagnosis of a covered illness, you'll qualify to receive a one - time lump sum payment.

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

SPUL offers permanent protection with the benefit of a one - time lump sum payment.

Severance is often provided as a one time lump sum.

(I really like this one as it has options for one time lump sum payments, annual one time payments, and monthly additional payments.)

Instead of a one - time lump sum repayment, you'll make three equal monthly payments, with one payment each month.

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.

People generally choose to set up this kind of annuity if they experience a large one - time lump sum payment in their lives, such as a significant inheritance, the sale of a business, or even winning the lottery.

Vanguard ran the numbers and they found that roughly 2/3 of the time the lump sum would be dollar cost averaging because the majority of the time the market is going to go up.

You can either apply for a revolving line of credit (home equity line of credit) or a one - time lump sum loan using your home equity as collateral.

A secured, one - time lump sum business loan starts at $ 25,000.