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References in periodicals archive ?
Return of premium option - On Death/ Diagnosis of Terminal Illness, Sum Assured on Death is paid as Lump sum Benefit to the nominee and the policy terminates.
An annuity in general is more expensive than the lump sums right now and with interest rates being as low as they are, annuities are particularly expensive," Lawrence said.
The lump-sum election percentage decreases as the size of the lump sum increases.
From April 6, 2015, the punitive 55% tax charge that currently applies to lump sum death benefits paid from drawdown arrangements and uncrystallised rights that have been deferred beyond age 75, will initially be reduced to a flat rate tax charge of 45%; and any death benefits paid as an income to a beneficiary will continue (like now) to be taxed at the recipient's marginal rate.
the one with the net present calculator chip implanted in their brain), will opt for the lump sum.
606-trillion proposed national budget for 2015 allocated for lump sums and automatic appropriations, there is grave danger that the huge amount will finance projects linked to the 2016 presidential elections, Briones, the lead convenor of Social Watch Philippines (SWP), warned.
But his new final year salary means he can cash in the maximum 25 per cent and receive a PS351,707 lump sum - an increase of PS74,829.
Under what circumstances would a company offer a lump sum pension payment?
The research, exploring the retirement reality for pensioners in 2011, also found that one in 10 (10 per cent) of those who did take a tax-free lump sum either said they now regret the decision or that they had not fully understood the long-term impact it would have on their retirement income.
Oregon Public Employees Retirement System (PERS) retirees must choose between receiving all of their retirement benefits as life annuity payments and receiving lower life annuity payments coupled with a partial lump sum payout.
PESHAWAR, October 03, 2009 (Balochistan Times): Federal government has regretted to make lump sum payment of Rs 251 billion to NWFP on account of electricity royalty and has informed provincial government about this decision.