Sentences with phrase «time lump sum premium»

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

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

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.

Not exact matches

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.

Mortgage insurance may come with a typical pay - as - you - go premium payment, or it may be capitalized into a lump - sum payment at the time of mortgage origination.

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.

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

In exchange for a lump - sum premium, the insurance company promises to give you a steady, guaranteed paycheck for life (or a certain period of time, a less - common version of the product).

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

Please let me know that monthly income advantage plan offered by Max Life in which after paying 12 annual premiums will get a monthly income for next 10 years & get a lump sum amount (equal approximate the premiums paid in 12 years in the beginning) plus approx. 14.5 times death benefit for the entire policy term i.e. 22 years.

You can invest a lump sum today, or contribute flexible premium payments over time, 1 to build a stream of guaranteed lifetime income that starts when you need it to — any date 1 up to 40 years 2 in the future.

The company not only pays a lump sum assured at the time of your death, but it also pays back all the premiums you paid as the maturity amount.

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.

Premiums are the fixed periodic payment made to the insurance company in return of the lump sum payment offered by the insurer to the beneficiary at the time of demise of the insured person.

(It's a good idea to time your card application such that you can pay off your annual car insurance premiums or other lump - sum payments to take a hefty chunk out of this spending requirement.)

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

But keeping the time value of money in mind, insurance companies charge lesser premium for such a plan compared to the lump - sum payout term insurance plan, for a specific Sum Assured.

In case you have enough money lying idle or if you receive a huge amount of money as lump sum, you can opt for one time premium.

The child receives a lump sum amount promised at the time of purchasing the child investment plans and does not have to pay balance premium.

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.

You can invest a lump sum today, or contribute flexible premium payments over time, 2 to build a stream of guaranteed lifetime income that starts when you need it to — any date 2 to 40 years 3 in the future.

The policyholder receives a lump sum amount of six times the annual premium at the end of the payout period.

Lifetime Annuity: A retirement investment product that you fund with multiple premiums or one lump sum of money that is invested and then paid out to you immediately or over time.

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 nominee receives a lump sum amount of six times the annual premium along with the twelfth annual installment on the eleventh death anniversary of the Life Insured.

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

Typically, such critical illness insurance plans not only provide the lump sum payout on detection of the disease but also provide additional benefits such as provision of regular income a for a period of time, and waiving off the requirement to pay premium for the health insurance plan.

With a single premium Whole Life Insurance policy, rather than paying premiums over time throughout the life of the policy, the policyholder will only make one single lump sum payment, and then the policy will be considered as paid - up.

** Policy holders above age 45 years at start of policy have an option to select 7 times the annualized premium as the lump sum amount.

One can pay regular premiums and save systematically for a limited period of time and get a lump sum amount with bonus (if any) on maturity.

Single premium immediate annuities allow you to set up an immediate, steady income stream with a one - time, lump - sum contribution that can last as long as you live.

Which means, in the unforeseen circumstance of parent's death, the child is not obligated to pay future premiums, gets the lump sum assured, and another payout at the time of maturity of the plan.

A lump sum amount equal to 10 times ** the annualized premium along with accumulated bonuses and Applicable Guaranteed Terminal Additions is paid immediately to the family members applicable

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

Single - premium immediate annuities let a person set up an immediate, steady income stream with a one - time, lump - sum contribution.

An insurance plan where one - time premium is paid at the inception in lump sum.

This is because in case of one - time or annual premium payments, the insurance company saves on administrative costs and also gets a lump sum amount in advance for the full year, as opposed to the quarterly or monthly payment options.

The nominee gets the Sum Assured (SA) on death of the policyholder which is higher than 10 times the annual premium or 105 % of all premiums paid till death under the Lump sum Benefit option.

Immediate Annuity Pension Plan — A lump sum is paid as a one - time premium and the annuity begins almost immediately and continues for the policy term or throughout the insured's life.

This scheme caters to annual survival advantages from the end of the payment term of premium until maturity and payment of lump sum at the maturity time or on the demise of the policyholder during the term of the policy.

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.

On death during the policy term higher of 10 times the annual premium or 125 % of annual premiums paid till death or lumps sum amount payable on maturity

Additionally, this product requires only a huge lump sum one - time premium, which is likewise a terrific one - time - investment plan in case you are searching out a long - term funding.

Death benefit: In case of the death of the policyholder, the family of the of policyholder receives a lump sum amount as long as the policy term continues, which is 250 times the premium paid on monthly basis along with the loyalty additions.

If policyholder dies, the child gets a lump sum that is a multiple of the annual premium — decided by the age at which the plan was bought: if between 18 and 40 years, the multiple is 10 times annual premium; till 44, it reduces to 9 times and so on.

A single premium immediate annuity is an annuity offered by insurance companies that requires one single lump sum payment in order to receive the benefit of regular payments for a certain amount of time.

We even work with a few life insurance carriers that offer 20 to 50 percent lower premiums for electing to have your death benefit paid out over time rather than as a lump sum.

Premiums on this policy must be paid monthly or in a single - premium policy which is paid in one lump sum at the time the policy is issued.