Sentences with phrase «accumulated value of the annuity»

A Book Value MYGA would offer the accumulated value of the annuity less surrender fees applicable at that time of surrender.

Annuitant Dies FirstUnder the terms of annuity contacts currently being issued, if the spouse who is also the annuitant dies, the accumulated value of the annuity is paid to the designated beneficiary and the following applies:

Under the terms of our annuity contracts currently being issued, the death of the owner, if different than the annuitant, will cause the accumulated value of the annuity, minus applicable withdrawal charges and Market Value Adjustment, to be paid to the designated beneficiary.

Therefore, the accumulated value of the annuity contract is paid to the designated beneficiary of the contract.

Under the terms of our annuity contracts currently being issued, the death of the owner, if different than the annuitant, will cause the accumulated value of the annuity, minus applicable withdrawal charges and Market Value Adjustment, to be paid to the designated beneficiary.

Not exact matches

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.

While fixed annuities offer the opportunity to accumulate value at a fixed rate of interest, variable annuities offer investment flexibility that might generate higher rates of return, based on the performance of your underlying investments.

If $ 300,000 has been contributed on behalf of a teacher (including accumulated returns), then the cash value of an annuity provided to this teacher should also be $ 300,000.

In the world of annuities, there are a few different types of contracts which vary based upon how the cash value is accumulated on a tax deferred basi...

While fixed annuities offer the opportunity to accumulate value at a fixed rate of interest, variable annuities offer investment flexibility that might generate higher rates of return, based on the performance of your underlying investments.

Like other types of cash value life insurance policies which allow policy loans, most annuity contracts allow owners to borrow against the annuity contract's accumulated cash value.

It's like an annuity in that it's open - ended — it can never run out, even if the amount you receive and accumulated interest eventually exceed the value of your home.

Second, a greater than anticipated number of Integration Group class members chose or were deemed to have chosen pension benefit annuities rather than choosing to take the accumulated value of their pension benefits.

Instead of converting just the cash value that has accumulated, you may be able to get enough to purchase a small burial or whole life policy that will handle final expenses and put the rest into an annuity to build your legacy.

Accumulation — A period of time when the owner, or annuitant, is accumulating value in the annuity.

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.

Accumulated Amount The accumulated amount refers to the value of life insurance policy or annuity based on your investment and how it hasAccumulated Amount The accumulated amount refers to the value of life insurance policy or annuity based on your investment and how it hasaccumulated amount refers to the value of life insurance policy or annuity based on your investment and how it has performed.

The duration of payments will depend both on the amount chosen and the annuity's accumulated value at the time of annuitization.

In the case of unit - linked pension or annuity products, the new rules bar any partial withdrawal during the accumulation phase and the insurer is required to convert the accumulated fund value into an annuity at the vesting date.

This process defers taxation of the accumulated value and treats the annuity as if it were initially purchased by the spouse.

In the world of annuities, there are a few different types of contracts which vary based upon how the cash value is accumulated on a tax deferred basis.

For example, an annuity company's GMIB might guarantee that if the contract owner chooses annuitization, the income will be based on the greater of the account value or the GMIB benefit base, which is equal to your investment accumulated at 5 % annually.

In case of death of the Annuitant within the Policy Tenure, the higher of Fund Value or 101 % of single premium + Top Up (if any) is accumulated as Death Benefit which can be taken by the nominee as a lumpsum or as annuity.

A combination of a level premium deferred annuity and decreasing term insurance: Cash values accumulate in both annuities and level premium life insurance policies on a tax deferred basis.

The higher of Fund Value or 101 % of single premium + Top Up (if any) is accumulated as Maturity Corpus which is used for annuity

If the Annuitant dies within the policy tenure, the higher of Fund Value or 101 % of single premium + Top Up (if any) is accumulated as Death Benefit which can be taken by the nominee as a lumpsum or as annuity