Sentences with phrase «total permanent disability of»

The total sum assured amount as chosen under the plan is payable in case of demise or total permanent disability of the life insured.

So, on the occurrence of an Accidental Total Permanent Disability of the Life Assured the remaining premiums under this term plan would be waived off, while the other insurance benefits will continue.

Benefit in case of Death or Accidental Total Permanent Disability — In the case of Death or Accidental Total Permanent Disability of the insured, the nominee starts receiving Guaranteed Monthly Income from the next month, and continues for the next 6, 8 or 12 years depending on the chosen option.

Not exact matches

Loans are also dischargeable in the event of total and permanent disability or death of the primary borrower.

Sallie Mae, for example, announced a total and permanent disability program for Smart Option borrowers as well as forgiveness of unpaid balances if a primary borrower dies.

NEW PLAN Discharged debt in the event of death or total and permanent disability will no longer be taxable.

None of BT's 141 rejected total and permanent disability claims over the past three years were incorrectly denied, a review has concluded.

A total and permanent disability (TPD) discharge relieves you from having to repay a William D. Ford Federal Direct Loan (Direct Loan) Program loan, Federal Family Education Loan (FFEL) Program loan, and / or Federal Perkins Loan (Perkins Loan) Program loan or complete a Teacher Education Assistance for College and Higher Education (TEACH) Grant service obligation on the basis of your total and permanent disability.

Loans originated by Bank of Lake Mills include a feature which provides that, in the event of the borrower's death or total and permanent disability (as determined by us), the unpaid balance of the loan may, at our sole discretion, be eligible for cancellation.

3) Bharti AXA Life Premium Waiver Rider (UIN: 130B005V03): Under this rider in case of the unfortunate event of death, Total Permanent Disability or critical illness (in case of Policyholder) and Critical Illness (in case of Life Insured) the future premiums are waived off and the benefits under the policy will continue.

Examples of loan discharges include discharges due to bankruptcy, death or total and permanent disability of the borrower.

If your application for loan discharge based on a condition such as closed school, false certification, forgery, total and permanent disability, or unpaid refund was denied, but you believe you qualify for the discharge and want to request a reconsideration of your application, contact the party identified in the denial letter that you received.

Premium Waiver rider (UIN: 130B005V03): 100 % of all future premiums under the base policy are waived and paid by the company on the death & total permanent disability or critical illness of Proposer, depending on the chosen option.

The lump sum option for permanent partial disability is equal to the individual's monthly pension multiplied by the total number of monthly contributions.

You can qualify for this credit if you're either 65 or older by the end of the year, or you're younger than that and you retired early on permanent and total disability.

The additional 10 % tax generally does not apply to payments that are: • Paid after you separate from service during or after the year you reach age 55; • Annuity payments; • Automatic enrollment refunds; • Made as a result of total and permanent disability; * • Made because of death; • Made from a beneficiary participant account; • Made in a year you have deductible medical expenses that exceed 7.5 % of your adjusted gross income; * • Ordered by a domestic relations court; or • Paid as substantially equal payments over your life expectancy.For more info see: https://www.tsp.gov/PDF/formspubs/tsp-780.pdf Enjoy your retirement!

If you're no longer required to make payments on your loans due to other circumstances, such as a total and permanent disability or the closure of the school where you received your loans, this is generally called discharge.

[Sen. Ron Wyden (D - OR)-RSB- would streamline the process for enrolling struggling borrowers in income - driven repayment plans and annually recertify their income to verify eligibility for IDR plans and total and permanent disability discharge of federal student loans.

Comments on Notice of Proposed Information Collection Requests (September 8, 2011) Proposed Changes to Discharge Application: Total and Permanent Disability

Student loan debt is also automatically discharged in the event of total or permanent disability.

For the purpose of insuring ourselves in the event of death and TPD (total permanent disability), I believe that term insurance meets the above needs for the vast majority of people.

Comments on Notice of Proposed Information Collection Requests — Proposed Changes to Discharge Application: Total and Permanent Disability, April 2013

Students unable to work because of total and permanent disability may qualify to have the entirety of their loans forgiven.

H.R. 3554 — Streamlining Income - driven, Manageable Payments on Loans for Education (SIMPLE) Act [Rep. Suzanne Bonamici (D - OR)-RSB- and companion bill S. 1712 [Sen. Ron Wyden (D - OR)-RSB- would streamline the process for enrolling struggling borrowers in income - driven repayment plans and annually recertify their income to verify eligibility for IDR plans and total and permanent disability discharge of federal student loans.

In the event of a cosigner's death or qualifying total and permanent disability, the borrower will not be required to find a new cosigner for an existing loan.

The debt was to be fully discharged following the processing of an application for total and permanent disability.

Accidental Death benefit and Accidental Total and Permanent Disability benefit are the two inbuilt riders of this plan.

Debtor received approval for total and permanent disability discharge after filing of adversary proceeding.

Total and Permanent Disability Discharge (TPD) relieves you of having to pay back your student loans if you are totally and permanently disabled.

When purchasing income protection, consider what other types of life insurance you need as well, such as life cover and total and permanent disability cover.

Discharge applies to catastrophic situations, including death, total and permanent disability, the closing of a school, bankruptcy, disaster situations (such as the surviving spouses of people killed in the 9/11 terrorist attack), fraud or severe physical and mental impairments.

Exempt federal and private education loans discharged due to death or total and permanent disability of a borrower from income tax on the amount discharged;

However, nearly one - third of older borrowers were able to pay off their loans or cancel their debt by obtaining relief through a process known as a total and permanent disability (TPD) discharge, which is available to borrowers with a disability that is not expected to improve.

In addition to qualifying based on income, you must meet one of two additional criteria — you must either be age 65 or older at the end of the year, or you must have retired on total and permanent disability and have taxable disability income.

The Department of Education will send letters to 387,000 people they've identified as being eligible for a total and permanent disability discharge, a designation that allows federal student loan borrowers who can't work because of a disability to have their loans forgiven.

In reality, with the exception of death or total and permanent disability, discharging your student loans is near impossible.

When purchasing trauma cover, consider what other types of life insurance you need, such as life cover, total and permanent disability cover and income protection.

Death or Disability: In the unfortunate event of a borrower's death or qualifying total and permanent disability, Iowa Student Loan will forgive the loan and not require cosigners or the borrower's estate to satisfy the loan oDisability: In the unfortunate event of a borrower's death or qualifying total and permanent disability, Iowa Student Loan will forgive the loan and not require cosigners or the borrower's estate to satisfy the loan odisability, Iowa Student Loan will forgive the loan and not require cosigners or the borrower's estate to satisfy the loan obligation.

Sallie Mae, for example, announced a total and permanent disability program for Smart Option borrowers as well as forgiveness of unpaid balances if a primary borrower dies.

This bipartisan bill would exempt from income tax federal and private student loans that are canceled due to the death of the student or the total and permanent disability of the borrower.

Loan Discharge Application: False Certification (Disqualifying Status) Loan Discharge Application: False Certification of Ability to Benefit Loan Discharge Application: False Certification Unauthorized Signature / Unauthorized Payment Loan Discharge Application: School Closure Loan Discharge Application: Spouses and Parents of September 11, 2001 Victims Loan Discharge Application: Unpaid Refund Loan Discharge Application: Total and Permanent Disability

(B) One or more of the borrower's FFEL or Direct loans are either under consideration by the Secretary, or have been approved, for a discharge on the basis of the borrower's total and permanent disability, under 34 CFR 682.402 or 685.212;

The Nelnet Total and Permanent Disability Servicer will notify you and the holders of your loans and / or TEACH Grant service obligation of the approval.

Taxable Disability Income is the total amount you were paid under your employer's accident and health plan or pension plan that is included in your income as wages instead of wages for the time you were absent from work because of permanent and total dDisability Income is the total amount you were paid under your employer's accident and health plan or pension plan that is included in your income as wages instead of wages for the time you were absent from work because of permanent and total disabilitydisability.

You may be able to claim the Credit for the Elderly or the Disabled if you are 65 years of age or older, or if you retired on total and permanent disability and have taxable disability income.

Loans are also dischargeable in the event of total and permanent disability or death of the primary borrower.

Some, however, have a compassionate review process in which you can request a cancellation of the loan after the death of the student or total and permanent disability.

Generally, you can qualify for this tax credit if you are age 65 or older at the end of the tax year; or if you are under age 65 but retired on permanent / total disability and have taxable disability income.

Loan forgiveness is available in the event of the death or total and permanent disability of the student who borrowed an underlying loan that has been consolidated.

• Total and Permanent Disability (TPD) Discharge • Death Discharge • Closed School Discharge • False Certification of Student Eligibility or Unauthorized Payment Discharge • Unpaid Refund Discharge • Teacher Loan Forgiveness • Public Service Loan Forgiveness • Perkins Loan Cancellation and Discharge