Sentences with phrase «value of lump sum payment»

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.

Distribution — The payout phase of an annuity comes when the accumulated value is distributed — either via a lump sum or a series of payments over time.

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.

According to MYFICO.com, the lump sum PMI payment will be about 2.2 percent of your home's value.

What if I die while receiving my payments?If you die while still receiving your payments through a non-life only option, your beneficiaries will have the choice of either receiving the remaining payments left on your payment schedule, or elect to receive the remaining account value as a commuted lump sum.

If you die while still receiving your payments through a non-life only option, your beneficiaries will have the choice of either receiving the remaining payments left on your payment schedule, or elect to receive the remaining account value as a commuted lump sum.

Fixed annuities offer a standard death benefit of a lump sum payment or withdrawals under an income option of the full value of the contract at time of death.

Death Benefit Protection — Your entire accumulated value will be paid to your beneficiaries, who can elect to receive their benefits in a lump sum or series of payments.

These factors are home value, up to a maximum cap; age; interest rate; and loan type, which include a lump sum, monthly payment over a specified term, monthly payment over your entire life, line of credit, or some combination of these options.

While home equity loans give you all the flexibility and benefits of tapping into the value of your home when you need it, a home equity loan offers a lump - sum payment.

Regardless, it's not uncommon to be given a choice between taking a lump - sum payment in lieu of your future monthly pension (known as a commuted value) or otherwise taking your calculated monthly pension payment in retirement.

«Among DB plan participants who were given a choice between a lump sum or an annuity, fewer than half (45 %) said that, at the time they made their decision, they recall being presented with information comparing the total amount of the lump sum versus the total value of the annuity payments,» MetLife's analysis continues.

(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.)

You may even lose your job at some point; experience a disability; retire early, transfer a commuted value lump - sum payment from your pension into a locked - in RRSP; or decide to defer your pension start date at retirement — all things that could create a year or number of years where your income is significantly lower and strategic RRSP withdrawals could be made at a lower tax rate than today.

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).

It's not entirely clear what you're asking... If you're talking about an Excel Formula for getting both of those, then: = PV (Rate, NPER, PMT, Future Value) = PMT (Rate, NPER, Present Value, Future Value) For the lump sum investment, you would put the final value you need in as «present value», and the Payment wouldValue) = PMT (Rate, NPER, Present Value, Future Value) For the lump sum investment, you would put the final value you need in as «present value», and the Payment wouldValue, Future Value) For the lump sum investment, you would put the final value you need in as «present value», and the Payment wouldValue) For the lump sum investment, you would put the final value you need in as «present value», and the Payment wouldvalue you need in as «present value», and the Payment wouldvalue», and the Payment would = 0.

If you've not yet begun to start receiving the Sears pension, an option is to take the so - called Commuted Value of the pension, rolling a lump sum payment over into your RRSP so you have complete control of the assets.

OR do we put down about 50K on the larger house and re-finance for a 15 year fixed rate mortgage it for a lower rate while continuing to pay the extra $ 300 / month on the home while also going at the same rate of payment on the other house but just putting a large lump sum value (~ 35K towrds the second house)?

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.

In all common sense the present value of a loan is the value that you can pay in the present to avoid taking a loan, which in this case is the lump sum payment of $ 2495.

When you own a home you can enjoy the value of your investment without selling it, by either continuing to live in it after you've paid off the mortgage (at which point you have no more mortgage payments), and optionally getting a reverse mortgage at any time after age 62, which allows you to extract cash value from your home in either a lump - sum or as monthly payments, and which you won't have to pay back as long as you live in the home.

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.

Claimants are likely to find that the advantages of periodical payments will decisively outweigh that of the traditional lump sum payment in high value claims,» he says.

He is experienced in resolving claims through alternative dispute resolution, with the majority of settlements in higher value claims involving a combination of lump sums and periodical payments orders.

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.

Cash Surrender Option: A type of non-forfeiture option that allows the insured to cancel his or her coverage in return for the full net cash value in one lump - sum payment.

They allow you to convert a lump sum of money into guaranteed income for the rest of your life, or to invest over time and later convert the annuity contract's value into guaranteed income payments.

Distribution — The payout phase of an annuity comes when the accumulated value is distributed — either via a lump sum or a series of payments over time.

If the death benefit face value is $ 250,000 (for example), and the beneficiary elects to receive monthly payments instead of the lump sum amount, the additional interest received above the $ 250,000 face amount is taxable.

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...

In some cases, policyholders have a choice as to how the benefits are paid; they may receive either a lump - sum or periodic payments, depending upon the type of claim and benefit, but they are still entitled to any remaining cash value and death benefit in the policy.

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.

An accelerated death benefit generally allows between 25 % and 95 % of the policy's face value to be paid out early, and may be collected as either a lump sum payment or increments to provide income and cover medical costs.

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.

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.

During that «window» period the REI can pay the Consultant a lump sum payment for the full value of the Option.