Sentences with phrase «with lump sum benefit»

4) Income Option: This plan option is ideal if you wish to provide your nominee with a Lump sum benefit and a level or a increasing stream of Income in your absence.

Any life insurance plan that has a saving component along with a lump sum benefit is called as an endowment plan.

With a Critical Illness Rider on your side, all this is compensated with a lump sum benefit given by the insurance company.

It provides you with lump sum benefit so you don't have to spend your savings on the expensive treatment.

Income Option: Under HDFC 3D Plus cover option, the nominees are provided with a lump sum benefit and also a fixed income upon the death of the policy holder.

Not exact matches

Because your life insurance premiums are paid with after tax dollars, the death benefit is able to be paid out in lump sum without any state or federal taxes being withheld.

Disposable income was also boosted by the measures in the May 2004 Budget, particularly the lump - sum payments associated with the Family Tax Benefit and the income tax cuts from 1 July.

Contributing to your RRSP throughout the year rather than with a lump - sum purchase the last week of February has many benefits: automatic savings helps with cash flow management and it's less painful than having to find money for your contribution in February.

The PLOP allows a member to receive a lump sum benefit payment along with a reduced monthly retirement allowance.

With lump sum payments you'll get the entire death benefit at once.

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.

There are many reasons to pay your student off with one lump sum — the benefits affect you financially and mentally.

If the death benefit is worth $ 1 million, and you elect to receive an annuity that pays out 6 % per year, you have to wait almost 17 years just to break even with what you'd get from a lump sum.

Included with this benefit is a Recovery Benefit that pays a lump sum amount when the insured returns to work at least 30 hours per week immediately after a period when residual disability benefits werbenefit is a Recovery Benefit that pays a lump sum amount when the insured returns to work at least 30 hours per week immediately after a period when residual disability benefits werBenefit that pays a lump sum amount when the insured returns to work at least 30 hours per week immediately after a period when residual disability benefits were paid.

With a family income policy, rather than a lump sum of money, the death benefit is paid out in monthly increments as a portion of the total death benefit.

Critical Illness Benefit Rider: covering qualifying critical illnesses such as heart attack, stroke and cancer, this optional rider will pay you a lump sum of $ 20,000 up to $ 150,000 if you are diagnosed with a qualifying major illness.

The policy includes an accelerated death benefit rider which will pay you a lump sum if you are diagnosed with a qualifying terminal illness.

The Legalese A life insurance policy with a critical illness rider will pay out a lump - sum benefit to the insured if they are diagnosed with a covered critical condition (such as cancer, stroke, or a coma).

You can receive a lump sum payment from your death benefit, on a discounted basis, if you are diagnosed with a specific critical injury, such as a coma, severe brain injury, severe burns and paralysis.

(o) If there is no person who would be entitled, upon application therefor, to an annuity under section 2 of the Railroad Retirement Act of 1974 [98], or to a lump - sum payment under section 6 (b) of such Act, with respect to the death of an employee (as defined in such Act), then, notwithstanding section 210 (a)(9)[99] of this Act, compensation (as defined in such Railroad Retirement Act, but excluding compensation attributable as having been paid during any month on account of military service creditable under section 3 of such Act if wages are deemed to have been paid to such employee during such month under subsection (a) or (e) of section 217 of this Act) of such employee shall constitute remuneration for employment for purposes of determining (A) entitlement to and the amount of any lump — sum death payment under this title on the basis of such employee's wages and self — employment income and (B) entitlement to and the amount of any monthly benefit under this title, for the month in which such employee died or for any month thereafter, on the basis of such wages and self — employment income.

Previously, the benefit was a $ 5,000 lump sum given to employees at their fifth anniversary with the firm and only federal loans were eligible.

A Life Insurance with Single - premium benefits is a type in which the premium is paid in lump sum to the policy to which in return death benefits are promised to be paid until the policyholder die.

Many people are choosing this type of life insurance with long - term care rider because it provides coverage for LTC and a lump sum death benefit.

With one lump sum payment, you will have a paid - up death benefit provided by the issuing insurance company that will allow you to pre-fund specific legacy goals with confideWith one lump sum payment, you will have a paid - up death benefit provided by the issuing insurance company that will allow you to pre-fund specific legacy goals with confidewith confidence.

AXA's long - term care life insurance provides the benefits of life insurance, including cash value accumulation and a lump sum death benefit, combined with long - term care insurance to provide for the costs associated with LTC services.

This type of life insurance policy allows those with disposable cash to pay a lump sum into a life policy for a death benefit that will be paid up until the insured dies.

This means until the member has satisfied a condition of release with a «nil» cashing restriction, any unrestricted non-preserved benefits of theirs allocated to the TRIS (which would otherwise be fully accessible as a lump sum super benefit) are diminished by the annual pension payments from the TRIS.

The benefit can be paid in installments or a lump sum, with the beneficiary receiving the balance of the insurance payout after the policyholder's death.

One place to take the lump sum is with life insurance companies off of a death benefit.

In addition, come July, all families with children — taxable or not — will receive a lump sum of $ 360 per child under the age of 18 under the newly enhanced Universal Child Care Benefit.

A long - term care rider offers a lump - sum benefit to help with costs if you develop severe cognitive impairment or are unable to perform 2 or more activities of daily living (ADL).

The good news is, that apart form your stand alone long term care insurance companies, there are newer hybrid long term care life insurance policies available that provide both lump sum death benefit protection, coupled with long - term care protection.

Lump sum: all proceeds are paid in a single amount at closing, with the maximum allowable disbursement at loan closing or during the first year of the loan being restricted to 60 percent of the eligible benefit or the mandatory obligations plus 10 percent of the benefit.

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.

Special provision is made for offers in personal injury claims that include future pecuniary loss with periodical payments versus lump sum implications (CPR 36.5), for claims for elusive provisional damages (CPR 36.6) and where there could be deduction of recoverable benefits (CPR 36.15).

The husband signed «Expression of Wish (Nomination of Beneficiaries) Form, saying that «the trustees / scheme administrator has absolute discretion as to which of my beneficiaries receive the lump sum death benefit, I would like this to be paid to the following», where the widow is named with 100 % percent.

The receiving spouse also benefits from lump sum spousal support because he / she can take that money and invest it somewhere or buy a property with it and earn interest on it rather than having to wait each month to get paid or be dependent on his / her ex-spouse.

Discuss your payment options with a PA employment lawyer to decide on what type of payment is in your best interest, since accepting a lump sum will waive your rights to receiving future benefits connected to the injury.

c) two Superior Court cases decided by Justice T.R. Lofchik in Cromwell V. Liberty Mutual Insurance Co. 3 and Vanderkop v. Personal Insurance Co. of Canada4 essentially concluding that lump sum payments pursuant to a settlement of a long term disability claim not specifically broken down do not constitute «a payment under any income continuation plan» in accordance with section 7 of the SABS, and consequently need not be deducted from an income replacement benefit that may be ongoing.

Although Deeley had provided Wood with the benefits she was entitled to during the notice period as well as a lump sum payment to arguably account for the lack of severance pay, this did not change the fact that the termination clause was deficient and unenforceable.

This is materially different from a defined contribution plan, which provides an employee with a finite total amount or lump sum of retirement benefits.

Because with term insurance, you're generally just paying for the death benefit, the lump sum payment your beneficiaries will receive if you die during the term of the policy.

SPUL offers permanent protection with the benefit of a one - time lump sum payment.

These give you a one - time lump - sum amount along with the term insurance benefit, in the event of an accidental death or an accident leading to permanent disability.

That way, if you die prematurely, the lump sum death benefit paid by the insurer based on your term policy's face amount will protect your family's future with the funds needed to move on and not be left financially desolate.

With the simple, accessible and affordable protection offered by the CoverMe Critical Illness insurance plan, you'll have the security of knowing that should you be diagnosed with one of the five covered illnesses or conditions, you'll qualify to receive a one - time, lump - sum benefit of $ 25,000, $ 50,000 or $ 75,000 — paid directly to you, to spend however you wWith the simple, accessible and affordable protection offered by the CoverMe Critical Illness insurance plan, you'll have the security of knowing that should you be diagnosed with one of the five covered illnesses or conditions, you'll qualify to receive a one - time, lump - sum benefit of $ 25,000, $ 50,000 or $ 75,000 — paid directly to you, to spend however you wwith one of the five covered illnesses or conditions, you'll qualify to receive a one - time, lump - sum benefit of $ 25,000, $ 50,000 or $ 75,000 — paid directly to you, to spend however you wish.

Note: Both of these policies offer a valuable rider called «critical illness benefit» — if you opt for this rider, the company will pay a lump sum if you are diagnosed with a specific critical illness.

HDFC Life Uday - This plan involves assured bonuses and additions with an additional; benefit of offering lump sum to the relatives of the plan - holder in case of their death.

If the death benefit is worth $ 1 million, and you elect to receive an annuity that pays out 6 % per year, you have to wait almost 17 years just to break even with what you'd get from a lump sum.

If the policyholder is diagnosed with a terminal illness, a lump sum benefit of 50 % of the Guaranteed Maturity SA is paid immediately which is later offset form the benefits payable