Sentences with phrase «amount as annuity»

The nominee has the option to take this amount as annuity or withdraw the entire proceeds as Death Benefit and terminate the plan.

With the unfortunate demise of the life insured before the vesting date, the death benefit payable to the nominee is the higher of the Fund Value or 105 % of the total premiums paid till date.The nominee has the option to take this amount as annuity from us or to withdraw the proceeds.

The minimum death benefit will be at least 105 % of the total premiums paid including top - ups premiums.The nominee has an option to take this amount as annuity from the company or to withdraw the proceeds.

The nominee has the option to take that amount as annuity or withdraw the proceeds as lumpsum.

Not exact matches

First, the $ 650 million jackpot is paid out as an annuity, meaning that rather than getting the whole amount all at once, it's spread out in smaller — but still multimillion - dollar — annual payments over 30 years.

As for the future of the annuities market, Finke holds that a variable annuity is «ideal because it allows a retiree to accept a certain amount of investment risk while providing that pooling and longevity protection.»

Unlike life insurance, annuity death benefits are taxed as ordinary income on any gains above the original investment amount.

The amount of income you receive from an immediate annuity depends on factors such as your age, gender and the length of your payment period.

Amounts Not Received as an Annuity, Amounts Received as an Annuity: Fixed Annuities, Annuity Rules: Variable Annuities, Charitable Gift Annuity, Death, Disposition, Divorce, Estate Tax, Gifts and Charitable Gifts, In General, Loss, Private Annuity, Structured Settlements, Taxation, Withholding

Unlike investments in tax - deferred retirement accounts, there is no limit on the amount that can be invested tax - deferred in an annuity, unless it is held inside a tax - deferred account, such as an IRA or a 401 (k).

With an annuity, only the amounts earned in excess of your contribution are taxed as ordinary income.

Because in addition to interest and return of a portion of your principal, each annuity payment effectively contains an extra little amount known as a «mortality credit» — essentially, money transferred from annuity owners who die early to those who live long lives.

In terms of financial securities such as annuities and dividends, payouts refer to the amounts received at given points in time.

Aside from the obvious value of receiving a large amount of cash as a lump sum, there are some risks with choosing an annuity to receive the death benefit.

Unlike life insurance, annuity death benefits are taxed as ordinary income on any gains above the original investment amount.

A life annuity is an arrangement in which you hand an insurance company a lump sum of money and the company guarantees to pay you a given amount for as long as you live.

It's exactly the same as e.g. buying an annuity (the «investment»): if you pay $ X, the monthly amount you receive will be larger if you start taking it at 70 vs 65.

If money from an annuity is taken early, which is known and either a partial or total «surrender» of the contract, the I.R.S. categorizes this amount first as earnings, subject to regular income taxes.

As an alternative, you could withdraw a certain amount from your RRSP each year until you have to annuitize your RRSP (meaning either convert to a RRIF, cash out completely, or buy an annuity).

That's because RRIFs offer more flexibility and tax savings than annuities (see the pros and cons of annuities at TSI Network) or a lump - sum withdrawal (which in most cases is a poor retirement investing option, since you'll be taxed on the entire amount in that year as ordinary income).

So the OAS clawback limit minus your expected CPP+OAS income would be the max amount per year you would want to take as income from an RRSP / RRIF / annuity / other pension.

As an example, if you have a base account value of $ 100,000 and you want to withdraw $ 20,000 in year five of your annuity, you will be charged a surrender charge for the amount that is above the penalty - free withdrawal amount — in this case $ 10,000.

As I understand, need to invest 2/3 of amount in annuity.

(o) If there is no person who would be entitled, upon application therefor, to an annuity under section 2 of the Railroad Retirement Act of 1974 [98], or to a lump - sum payment under section 6 (b) of such Act, with respect to the death of an employee (as defined in such Act), then, notwithstanding section 210 (a)(9)[99] of this Act, compensation (as defined in such Railroad Retirement Act, but excluding compensation attributable as having been paid during any month on account of military service creditable under section 3 of such Act if wages are deemed to have been paid to such employee during such month under subsection (a) or (e) of section 217 of this Act) of such employee shall constitute remuneration for employment for purposes of determining (A) entitlement to and the amount of any lump — sum death payment under this title on the basis of such employee's wages and self — employment income and (B) entitlement to and the amount of any monthly benefit under this title, for the month in which such employee died or for any month thereafter, on the basis of such wages and self — employment income.

In the annuity calculator, simply put in the amount of money you wish to invest in a longevity annuity and select the start date as the month and date when you turn 80 — or whichever future date you wish the monthly annuity payments to begin.

After retirement, according to one's own choice, investor can withdraw the amount or opt for annuity payments as regular income.

Pension or retirement plans are more preferred by those investors who receive a large amount of corpus as annuity benefit after retirement.

In effect, if your core fund's value gets demolished, these investments turn into a kind of annuity that pays you the exact same amount month after month for as long as you live.

If you were to die tomorrow, the person named as the beneficiary of your account would receive a check — life insurance proceeds — in the amount of $ 80,000 even though the investments in the annuity are currently only worth $ 60,000.

This amount is also known as the annuity benefit.

The choice I think you need to make is to pay tax on the 2 / 3rd amount now and withdraw it in one shot and invest in somewhere else OR Take an annuity and pay tax every year as part of your income tax bracket.

As you can see from these annuity quotes, single life annuity for men pay out the highest amount of income.

But as long as the longevity annuity is designated a QLAC (Qualifying Longevity Annuity Contract) under new Treasury Department rules, you can invest up to $ 125,000 or 25 % of your 401 (k) or IRA account balance without having to worry about minimum withdrawals on that amount as long as your payments start no later than age 85.

Finally, even if you decide that this approach of combining an annuity with conventional investments makes sense, you would still want to consider such prudent steps as shopping around to make sure you're getting a competitive payment, annuitizing gradually rather than all at once, diversifying your annuity money among a few highly rated insurers and limiting the amount you invest with any single insurer to the maximum amount covered by your state's life and health insurance guaranty association.

You can think of an annuity as the reverse: you pay the insurance company a lump sum amount in exchange for a stream of payments until you die.

That's because RRIFs offer more flexibility and tax savings than annuities (see the pros and cons of annuities on TSI Network) or a lump - sum withdrawal (which in most cases is a poor retirement investing option, since you'll be taxed on the entire amount in that year as ordinary income.

Deferred annuities also provide a death benefit, so your chosen beneficiary of the annuity is guaranteed the principal amount as well as the compounded interest.

An annuity is just one of the available TSP withdrawal elections — payments also may be made as lump sums or in monthly amounts or the types may be combined.

This type of annuity receives a fair amount of seemingly scholarly press trying to justify including this product as part of a balanced portfolio.Imagine that Thomas and Martha Jefferson, ages 64 and 62, respectively, purchase an immediate annuity that will pay them a guaranteed 6 % annual return.

Those payments were ruled, in two Private Letter Rulings, as «amounts received as an annuity», provided that the contract owner chose a specific option in that product.

Similar to the dual entitlement provision discussed above, under the Government Pension Offset Provision, the amount of a person's Social Security benefit as a spouse or surviving spouse will be reduced by two - thirds of the amount of the Government pension (for example, a CSRS annuity) the person receives based on his / her own work that was not covered by Social Security.

Important: The same accounting for taxes applies with annuities as life insurance - the income amounts shown on your annuity ledger are before taxes.

Between the two types of hybrid platforms, annuities typically require the least amount of underwriting as there is less immediate capital risk to the insurance company.

If a low salaried guy takes a good annuity plan for his retirement at a young age, he would get as much of amount which will surely help through rest of his life with a good ease.

In the context of determining their respective Net Family Property amounts for the purposes of equalization, a legal question arose as to whether the wife's annuity payment entitlement should be counted as «property» or as «income» as those terms are used in the Ontario Family Law Act.

In the treaty, Robinson «agrees, that should the Territory hereby ceded by the parties produce such an income as will enable the Government of this Province, without incurring loss, to increase the annuity hereby secured to them, then and in that case the same shall be augmented from time to time, provided that the amount paid to each individual shall not exceed the sum of one pound of Provincial Currency in any one year.»

Minimum variable premium for ICICI Pru iProtect Smart is not available and minimum variable premium for Bajaj Allianz Group Annuity Plan is As required to secure minimum annuity amount.

Minimum variable premium for IndiaFirst Anytime Plan is Depends on Age and Policy Term and minimum variable premium for Bajaj Allianz Group Annuity Plan is As required to secure minimum annuity amount.

Depending on the amount that is received, the recipient may even consider depositing the funds into a vehicle such as an annuity and converting the money into a lifetime income.

Frequency The scheduled mode (e.g. monthly, quarterly, etc.) for the payment of insurance premium or for income amounts as set forth in the annuity policy.