Simple immediate annuities and deferred - income annuities generally have upfront commission rates that range from 1 percent to 4 percent.
Not exact matches
In their
simplest form,
annuities guarantee an income stream for buyers either now (
immediate annuities) or beginning at a later date (deferred
annuities).
The premise behind an
immediate annuity is
simple: You invest a lump sum of money with an insurance company (although you would actually do so through an adviser, a broker or insurance agent) and in return you receive a guaranteed monthly payment for life regardless of how the financial markets perform.
The
simplest way is through a single premium
immediate annuity (SPIA), whereby a risk holder pays a premium to an insurer and passes both asset and liability risk.
The premise behind an
immediate annuity is
simple: you give an insurer a lump sum in return for monthly payments that start at once and continue the rest of your life.
At its very
simplest, an
immediate annuity (IA) is purchased and you receive a rate that's higher than the market rate in exchange for your money.
For participants who are close to retirement, a standard,
simple income calculation based on a participant's current account balance using today's rates in the
immediate annuity market would be an easy and acceptable way to provide the income estimate.
The premise behind an
immediate annuity is relatively
simple.
The premise behind an
immediate annuity is
simple.
I put together a pretty
simple spreadsheet (download) that will tell you your rate of return on a fixed
immediate annuity.
Immediate annuities, also known as SPIAs (single premium
immediate annuities), could hardly be
simpler in concept.
There are several types of
annuities but they can be generally categorized according to how the
annuity is purchased (
simple or flexible premiums); when the
annuity payments begin (
immediate or deferred); and how the policy value is invested (fixed or variable).
The first is a
simple insurance contract that has been around for centuries: the
immediate life
annuity.
The
immediate annuity is the
simplest type; investors make a lump sum payment now, and begin receiving payments for life (or for a specified period of time).
The
immediate annuity is the
simplest type; investors make a lump sum payment now, and begin receiving payments for life (or for a specified period of time).
Death after first five policy years: Provided the policy is in full force, Basic Sum Assured along with accrued Guaranteed Addition, Vested
simple Bonuses and final additional bonus, if any, shall be paid as lump sum or in the form of an
annuity or partly in lump sum and balance in the form of an
annuity to the nominee / legal heir at the then prevailing
immediate annuity rates.