Sentences with phrase «accumulated value of the contract»

An annualized fee of 0.20 % of the accumulated value of the contract is applied quarterly.

When you annuitize, the accumulated value of your contract is converted to an income stream, and you won't be able to make withdrawals outside of your selected payment option.

Under this arrangement, if Husband dies first, the accumulated value of the contract would be paid to the remaining beneficiary, Wife.

When you annuitize, the accumulated value of your contract is converted to an income stream, and you won't be able to make withdrawals outside of your selected payment option.

An annualized fee of 0.20 % of the accumulated value of the contract is applied quarterly.

Under this arrangement, if Husband dies first, the accumulated value of the contract would be paid to the remaining beneficiary, Wife.

You may also be able to «annuitize» the accumulated value of your contract any time after the first anniversary date, subject to limitations.

Not exact matches

Clients are eligible for an annual fee of 0.10 % if (1) the contract is purchased with an initial purchase payment of $ 1,000,000 or more on or after September 7, 2010, or (2) the contract value has accumulated to $ 1,000,000 or more on or after September 7, 2010 and at that time we are offering the contract to new applicants for 0.10 %.

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...

You may withdraw up to 10 % of your policy's accumulated contract value each year after the first year without incurring a surrender charge.

87.5 % of premium accumulated at the contract's guaranteed minimum interest rate (Guaranteed Minimum Value).

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 beneficvalue of the annuity, minus applicable withdrawal charges and Market Value Adjustment, to be paid to the designated beneficValue Adjustment, to be paid to the designated beneficiary.

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.

A provision in which a certain percentage of a policy or contract's accumulated value is subtracted from the surrender proceeds if a policy is cancelled within a specific number of years following issuance of the policy or contract.

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 beneficvalue of the annuity, minus applicable withdrawal charges and Market Value Adjustment, to be paid to the designated beneficValue Adjustment, to be paid to the designated beneficiary.

Whole Life contracts run for the whole of the policyholder's life and accumulate a monetary value which is paid out when the contract matures or is surrendered.

In addition, there are three other variable products, called the ISP Choice Variable Life, ISP 10 Express, and the Single Premium Variable Life, all which offer variations of the Variable Universal Life line to accumulate value tied to a market, while remaining inside of a life insurance contract.

The small life insurance contracts had a small cost of insurance, and could still accumulate significant gain based on the dividend payments made into the policy by the insurance company (dividend payments grow larger as cash value is higher).

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.

In a previous article focusing on the tax advantages of life insurance, we discussed that the cash value accrual in a life insurance contract is allowed to accumulate tax free inside the policy.

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.

For example, a $ 100,000 premium will receive an immediate $ 1,000 bonus that results in a $ 101,000 initial accumulation value, which will begin accumulating interest from the beginning of the contract.