Sentences with phrase «value as a lump sum amount»

A unit - linked, retirement solution which offers you an option to get part of your fund value as a lump sum amount at your chosen retirement age and rest of the fund value as an annuity for regular inc...

A unit - linked, retirement solution which offers you an option to get part of your fund value as a lump sum amount at your chosen retirement age and rest of the fund value as an annuity for regular income post retirement.

Not exact matches

Aside from the obvious value of receiving a large amount of cash as a lump sum, there are some risks with choosing an annuity to receive the death benefit.

While a HELOC gives you the flexibility of tapping your home's value in just the amount you need as you need it, a home equity loan provides a lump - sum withdrawal.

The loan amount depends on your age, the value of the home and how it is withdrawn (lump sum, regular payments or draw down as needed).

So why don't lenders offer a true reverse mortage which would compute and lend a stream of payments (at interest of course, but hopefully a rate reflective of the low risk given the high property value / loan ratio) rather than a useless lump sum which has seniors paying pretty high mortgage interest rates on a large amount of loan, rather than a interest on the (rising) amount of loan as the stream of payments accumulated.

If the settlement provides for the payment of a lump sum in an amount offered by the insurer and, with respect to a benefit under the Statutory Accident Benefits Schedule that is not a lump sum benefit, the settlement contains a restriction on the insured person's right to mediate, litigate, arbitrate, appeal or apply to vary an order as provided in section 280 to 284 of the Act, a statement of the insurer's estimate of the commuted value of the benefit and an explanation of hoe the insurer determined the commuted value.

In the event a person lives to the policy's maturity date, the policy pays the cash value amount in a lump sum as an endowment to the insured.

The Commuted Value is calculated by using a discount rate of 5.7 % per annum from the date of receipt of the request for opting commutation and it is paid as a lump sum amount to the policyholder or nominee.