Sentences with phrase «joint life annuities»

Joint life annuities produce the lowest payments because the combined lifespan of both spouses is greater than for a single spouse.

In addition to fixed and variable annuities, there are joint life annuities for partners who want their surviving spouses to continue to receive payments after their deaths.

Example assumes a joint life annuity, 66 - year - old person, 3 % inflation rate and the 2016 average benefit level from the Social Security Administration.

Joint life annuity or Joint and Survivor annuity — As the name implies, this option allows an immediate annuity to provide joint coverage for two individuals.

A joint life annuity will pay you an income for the rest of your life.

With a joint life annuity, the payments are based on two measuring lives, often spouses.

Since there are two lives in a joint life annuity, the payments will be lower than in a single life annuity.

By comparison, a joint life annuity with a long term guarantee will pay out the lowest level of income.

Annuity payments stop when the annuitant (or his spouse in case of joint life annuity) dies.

Joint life annuity or Joint and Survivor annuity — As the name implies, this option allows an immediate annuity to provide joint coverage for two individuals.

Pension plans also have the feature of a joint life annuity especially in case of immediate annuity plans.

An annuity can be a single life annuity or a joint life annuity where the payments are guaranteed until the death of the second annuitant.

If you choose a joint life annuity with a period - certain payout, you are essentially estimating how long you will live.

In a Joint Life annuity, the secondary annuitant can be the spouse / child / parent / parent - in - law or sibling of the primary annuitant.

The Two - Step Annuity Tactic: Sarah buys an immediate joint life annuity for $ 1 million, which pays $ 43,843 annually as long as Sarah and her husband are alive.

Under this HDFC pension plan, on vesting, the policyholder can purchase a joint life annuity from the company guaranteeing regular income till the policyholder or his spouse is alive.

Vesting: Policyholder can purchase a joint life annuity from the company guaranteeing regular income until the policyholder or his spouse is alive.

In some cases, the company might also return the single premium which was paid to secure the pension after the death of the annuitant and in case of a joint life annuity, on death of the spouse.

Vesting: Policyholder can purchase an annuity from the company with multiple options like availing a joint life annuity guaranteeing regular income until the policyholder or his spouse is alive.

With wide range of annuity option to choose and an option of choosing joint life annuity, this plan can be bought with a single one - time payment of minimum Rs. 1 lakh.

Right Pension Option: Choose the apt pension plan with suitable pension options like Annuity payable for Life, Life Annuity with Guaranteed Period, Increasing Annuity or Joint life annuity, etc. meeting your requirement.

Not exact matches

Examples of will substitutes include: life insurance, retirement accounts, annuities, custodial accounts, trusts, government savings bonds, property held by joint tenancy, property transferred by deeds of title or gifts, and payable - on - death or transfer - on - death accounts.

For example, one advisor has been writing a variable annuity for couples and including a joint life living benefit rider that is now suspended.

For joint and survivor annuities, the payments will be guaranteed for life but at a smaller payout than for individual annuities.

Assets owned individually by a decedent at death that don't pass to another person by trust (i.e. revocable living trust), contract / beneficiary designation (i.e. life insurance, annuity or 401 (k)-RRB-, or operation of law (i.e. joint tenancy with right of survivorship) may be subject to probate if the applicable threshold is exceeded.

So, for example, if that same 65 - year - 0ld couple were to invest $ 50,000 today in a «joint and survivor» longevity annuity that begins making payments in 15 years, they would collect about $ 700 a month for life once they hit age 80.

Then they use the remaining $ 499,134 to buy a joint life prescribed annuity with no reduction on the first death and a 5 year guarantee period.

Another use of joint last - to - die life insurance is when employing the insured annuity strategy.

Once you begin receiving payments, most annuity contracts do not allow money to be paid to your heirs, other than your designated joint - life beneficiary, in the event of your death.

A joint - and - survivor annuity pays you and after your death, pays your designated partner for the rest of his life.

If you save enough, you could also make that a joint annuity, which protects your spouse or partner in the event of your death — then your pension will be then paid to her or him for life.

* Joint life with someone other than your spouse — an annuity paid to you while you and a person chosen by you (but other than your spouse) are alive.

Click the link below to see a table of the maximum amounts that PBGC can guarantee for a straight - life annuity with no survivor benefits and a joint - and - 50 % - survivor annuity for ages 45 - 65.

Vettese favors a «joint - and - survivor» annuity that pays the survivor 60 or 75 %, and buying term life insurance to make up the difference.

They can then use that money to buy three separate standard joint - life annuities.

If you chose a benefit form that provides survivor benefits for the life of your beneficiary (such as a joint - and - survivor annuity) we will pay these benefits only to the beneficiary you chose when you retired.

If the couple tries to get a joint and survivor life annuity for $ 822 a month, immediate-annuities.com indicates that they would need to make a payment of $ 165,000.

With rates scraping bottom and lifespans lengthening, a $ 100,000 investment in a joint - life immediate annuity will return $ 475 per month to a 66 - year - old couple who want payments to last for both of their lifetimes, according to ImmediateAnnuities.com.

These are usually called things like «life income,» «life options,» «life certain,» «joint and survivorship,» annuities or annuitizing.

A feature that may be offered under an annuity contract in which the insurance company promises an individual may withdraw a specified amount from an account, even if the account balance is reduced to zero: (1) for the life of the individual, or the joint lives of two individuals (e.g., the individual and spouse); or (2) for a specified period of time.

Joint - and - Survivor (J&S) Annuity - An annuity that typically pays a participant a fixed monthly amount for life and, after the participant dies, continues payments to the participant's spouse or other designated beneficiary for the rest of the beneficiary's life.

Annuities: A fixed - income annuity is a contract with an insurance company that, in return for an up - front investment, guarantees3 to pay you (or you and your spouse) a set amount of income either for the rest of your life (and the life of a surviving spouse in the case of a joint and survivor annuity) or a set period of time.

Typically, a qualified joint - and - survivor annuity is the automatic benefit form for a married plan participant, and a single - life annuity is the automatic benefit form for an unmarried participant.

Where a dependants» or nominees» annuity is purchased under the same contract as a lifetime annuity (a joint - life annuity), or a dependants» or nominees» annuity is purchased that is deemed to be related to the purchase of a particular lifetime annuity contract - see PTM062400, the combined purchase price of the joint - life contract or those two contracts crystallises through BCE 4.

This applies whether or not a related dependants» or related nominees» annuity is provided for under the same contract (see later comments on joint - life annuity contracts).

The master list should include all real property (house, rental properties, vacation homes), personal property (books, DVDs, furniture, artwork, jewelry), vehicles (including boats, motorcycles, ATVs), bank accounts (joint and separate, checking, savings), credit cards, retirement accounts, life insurance policies, annuities, stocks and other financial products.

Joint term life can be a great complement to your retirement plan as it provides a couple purchasing an annuity with more options.

The annuity options can be chosen for a single life (policyholder) or for joint life (policyholder and spouse)

They can be taken to cover the life of the policyholder's spouse as well under the joint annuity plans.

The annuity can be taken on a single life of the policyholder or on joint life of that of the policyholder and his spouse.