Sentences with phrase «annuity as a legacy»

Not exact matches

Naming Tufts Medical Center and Floating Hospital for Children in your estate plan or making a planned gift, such as a charitable gift annuity, is a meaningful way to create your own personal legacy, while expressing a deep commitment to future generations of patients.

Philanthropically motivated clients can donate assets to a private foundation, charitable trust, charitable gift annuity or donor - advised fund account as a way to reduce their taxable estate and simultaneously create a charitable legacy.

Certain variable annuities provide a potential to help reduce taxable income and transfer to my heirs as a legacy planning tool.

Pfau (2013) found that the purchase of a single premium immediate annuity can serve as an efficient substitute for the fixed income portion of a retirement portfolio by better protecting a spending level on the downside while also increasing the average legacy value of assets.

Annuities are used primarily as benefits while you are alive (aka: living benefits), while life insurance is utilized as a legacy strategy provided through the contractual death benefit.