Sentences with phrase «use of lump sum payments»

The use of lump sum payments to help accelerate the process often goes overlooked.

Not exact matches

In some cases, unscrupulous brokers hold «free lunch» seminars in which they offer reckless advice, like recommending retirees cash out of their 401 (k) planor take a lump - sum payment for the cash value of their pension and use the money to open an IRA through them.

When an individual retires under a DB plan, she is entitled to a stream of payments that has a lump - sum value that we calculate using standard actuarial methods (which take into account expected mortality patterns and adjust the sum of payments to reflect the fact that they are received over many years rather than at a single point in time).

Conversely, when a teacher retires under a DB plan, she is entitled to a stream of payments that has a lump - sum value (or present value) that can be readily determined using standard actuarial methods.

And by putting that cash to use paying down your student loans over the course of the year (instead of waiting and making a lump sum payment all at once come tax season) you'll save even more money by slashing away at the principal.

However, instead of receiving a deferment or forbearance during your volunteer service and then using your Peace Corps transition payment or Segal Education Award to make a lump - sum payment on your loans, you could choose to make qualifying PSLF payments during your volunteer service.

If you use some or all of your Peace Corps transition payment or AmeriCorps Segal Education Award to make a lump - sum payment on your Direct Loans, you'll receive credit for up to 12 qualifying payments for PSLF.

If you do not request a deferment or forbearance and instead make payments under an income - driven plan during your Peace Corps or AmeriCorps service, you could possibly receive credit for a larger number of qualifying PSLF payments than you would if you received a deferment or forbearance and then used your Peace Corps transition payment or Segal Education Award to make a lump - sum payment on your Direct Loans.

Critical illness insurances works in a very simple way: if you are diagnosed with any of the critical illnesses listed in your policy and survive the waiting period (typically it is 30 days), you will receive a lump sum payment that you can use towards anything you would like.

If a borrower needs the bulk of their reverse mortgage payment immediately, they can receive it as a lump sum payment.6 A lump sum is recommended if the borrower has an immediate need to use a large amount of money to pay down existing debts, make renovations to the home, pay for healthcare expenses, or for any other reason.

To determine the lump sum or monthly payment necessary to meet this goal, you can use any number of online calculators, a regular calculator, or you can download this simple Excel Spreadsheet I put together for this post.

Part of the equity in your home can be given to you as a lump sum, or you can use it as monthly payments towards ongoing care or support costs.

Most reverse mortgages involve a lump sum for an immediate need or a string of payments over time to use a certain percentage of home equity to fund a need.

(A present value is a single number that expresses a flow of current and future payments in terms of an equivalent lump sum paid today; the present value of future cash flows depends on the discount rate that is used to translate them into current dollars.)

Simply put, an annuity is an insurance product that can be purchased to provide a sum of money either in the form of a lump - sum or ongoing contributions, such as in the form of monthly or annual payments used as income in retirement.

You'll send him payments over time (or perhaps a lump sum), he'll go ahead and use his experience and his high tolerance for risk to invest the money, and he'll send you payments every year that may include a portion of what he has made in the markets.

The monthy annuity payments made within 5 years of the lump sum date use the 1st rate, past 5 and within 20 years use the 2nd rate, and past that use the 3rd rate.

You can elect to use your Education Award to make a lump sum payment on an eligible loan for which you are seeking public service loan forgiveness, the Department of Education will consider you to have made either: (1) the number of payments that would result from dividing the amount of the lump sum payment by the monthly payment amount you would have made under your selected repayment plan (2) twelve payments — whichever is less.

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.

You will also be required to use part of any lump sum payments you receive.

Madigan s complaint alleges that consumers did not understand (1) that their monthly payments would be used to pay fees before any performance of services on their behalf, and (2) that it takes several months to accumulate a lump sum payment to begin negotiating a payoff with the credit card companies.

Lump sum payments are used when the reliability of periodic payments is in question or when the parties want finality.

The discount rate is the calculation of lifetime earnings through low risk investment that is used by courts when working out appropriate lump sum compensation payments for victims of life - changing injuries.

A Ministry of Justice (MoJ) consultation launched this week suggests the current 2.5 % rate for lump sums could rise, and asks whether periodical payments should be used more frequently.

The district judge at first instance awarded the wife a lump sum of # 456,000 to capitalise her periodical payments arrived at using the following calculation:

Mr. MacLean succeeded in having the court use all of the companies pre-tax profits for the SSAG calculation based on BCCA law from the cases of Klukas and Teja, defeating the husband's spousal support claim that double dipping applied to BC spousal support and a lower BC spousal and BC child support payment should thus be paid, blocking any $ 350,000 cap argument where BC spousal support is not increased on high salaries above $ 350,000 per year and finally in having the child support portion of the order made retroactive so a large lump sum payment was received for the children's benefit.

The Accelerated Living Benefit Rider provides for a single lump sum payment of an accelerated life insurance benefit using a portion of your life insurance certificate's death benefit.

Their premiums are often lump - sum payments and significantly higher, especially early in, than that of a term life policy, but because once the investment has been made, it is made, they can be used as security for loans and leveraged in a variety of ways to free up liquid capital, and their cash value is tax deferred.

A term life insurance payout is another form of a lump sum payment, once it's paid out to your beneficiary they can use it to pay for anything.

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.

Upon being diagnosed, you can access a portion of your death benefit as a lump sum cash payment to use however you see fit.

They can use this lump - sum payment for any number of reasons associated with the treatment of the disease or expenses incurred due to the illness: transportation costs, baby - sitters, medical equipment to use during recovery, additional groceries for family caregivers who need to stay during recuperation, and even to pay their major medical deductible.

This insurance provides you with a lump - sum payment after an accident to use as you see fit.1 It can help with out - of - pocket expenses such as deductibles, copays, transportation to medical centers, childcare and more.

Used to preach, buy term, invest the difference... But a permanent death benefit, cash values, tax free loans, tax free lump sum payment to beneficiary, privacy of beneficiary info, very difficult for others to get at your cash value, ability to fund very high amounts with tax benefits, cheaper while you are younger / healthy, paid up additions, Potential less premium with IUL and index gains potential, or Whole Life and pay more for insurance, but higher dividends...

His agent also explained that he could invest the lump - sum payment into his retirement plan to make even better use of his money.

HDFC Ergo's Critical Illness is special health insurance policy that offers a lump sum payment on diagnosis of certain critical illnesses so that the policy holder can use the money for treatment of the disease.

First, what's good about any type of life insurance is that it provides a lump sum of cash that can be used for pretty much anything: burial expenses, college tuition for your children, living expenses for your spouse, mortgage payments, other outstanding debt, a donation to a favorite charity, and so on.

Another form is the option to use the cash value of the policy to prepay the remaining balance of premiums due in a lump sum payment.

Critical illness insurances works in a very simple way: if you are diagnosed with any of the critical illnesses listed in your policy and survive the waiting period (typically it is 30 days), you will receive a lump sum payment that you can use towards anything you would like.

It works in a very simple way: if you are diagnosed with any of the critical illnesses listed in your policy and survive the waiting period (typically it is 30 days), you will receive a lump sum payment that you can use towards anything you would like.

To do this, we will use a present value calculation of what the spouse's half of the future payments would be worth as a lump sum today.

application for a «simplified» divorce or dissolution: # 113 (Sheriff Court) or # 125 (Court of Session)-- you might be able to use this procedure if you don't have children under the age of 16 and you and your ex-partner aren't claiming a lump sum or ongoing payments from each other

And in a short period of time, you will have accumulated a nice chunk of change that can be used to make a lump sum payment on your student loans.

Generally, a single payment loan is used for short term, temporary financing and is repaid with interest in one lump sum at the end of the term.