Sentences with phrase «usually in a lump sum payment»

Protection policies that provide a benefit for a specific event, usually in a lump sum payment, and investment policies where the objective is to grow capital on regular or single premiums.

Not exact matches

When you buy an income annuity, you turn over a lump sum in exchange for the payments, and you usually won't have access to that money anymore.

With an installment personal loan, a borrower receives the money in one lump sum and then repays it in regular (usually monthly) smaller payments.

But if you get laid off near the end of the year there is no harm in asking if a severance payment (usually a lump sum) can be divided into two smaller (equal) payments — one in the current year and one in the following year.

These types of loans are dispensed by a lender in one lump sum, and then paid back over time in what are usually monthly payments.

They are usually paid back in a lump sum or over a short payment window (3 months to a year).

Term loans are monetary loans that are usually disbursed in one lump sum and repaid in regular payments over a set period of time.

Then, usually you make a lump - sum payment to the credit counseling agency who, in turn, pays your credit card bills each month.

An annuity is usually a series of regular payments to you by a life insurance company in return for a lump sum payment.

The holder usually pays a premium, either in a series of payments or as one lump sum.

The settlement amount is usually paid in one lump - sum payment, although creditors may offer structured settlements (settlement amount paid over several payments).

However, this is not the case with payday loans as it usually requires payment in one lump sum once you receive the paycheck.

This policy will also pay off your mortgage, directly to the mortgage company in a lump sum payment usually.

This differs from the typical death benefit selection in that usually, the beneficiary who completes a death claim elects how he or she would like to receive the death benefit, whether as a lump sum, or annuity payments for X number of years.

This is the face value of the life insurance policy that is to be paid out to your beneficaries in the event of your death and the total amount paid out (less any loans against the policy) is usually in a nontaxable lump sum payment.