Sentences with phrase «annuity company keeps»

One of the common fallacies about Single Premium Immediate Annuities (SPIAs) is that when you die, the evil annuity company keeps all of your unused money.

Not exact matches

If the client dies before the annuity period is over, the insurance company keeps the remaining money.

Those who seek the assistance of an insurance agent must keep in mind that insurance agents are paid commissions by the insurance companies offering the annuities.

To keep the Personal Income Benefit intact, the employee would need to keep their account value in the Retirement Gateway ® group variable annuity contract even if they leave the company.

Keep in mind that these figures reflect the life - expectancy assumptions used by insurance companies when pricing annuities.

And note, not all annuities are the same, so you will find insurance companies with longer surrender charge periods and variation in their penalty - free policies, just keep in mind that these options are available and can be useful if needed.

Thus, the only type of annuity that allows the insurance company to keep the undistributed balance of the investment when the owner passes away is a lifetime immediate income annuity account with no period certain.

There is one type of annuity account, commonly referred to as an immediate annuity where, in one instance, the insurance company can keep the undistributed funds when the owner dies.

5) You ascertain that you want to live in Southeast Asia most time, and that you need US$ 10,000 / y. 6) To derive the $ 10k / y, you could, for example, a) own a property costing $ 150k and rent it b) keep a stock and bond mutual fund of $ 250K and withdraw 4 % pa from it c) purchase an annuity with a single consideration of $ 180K, for which the insurance company promises to pay you a guaranteed $ 10k / year for as long as you live, plus a variable bonus

Could also have fears about the insurance company being around to keep paying the annuity as some companies can go under.

Also keep in mind that once you annuitize the annuity (trade the market value, AKA accumulation units, in for an income stream, AKA annuity units), then you are totally 100 % stuck with this for life with zero hope of ever getting anything out of the insurance company but your little paltry yield, which most of the time DOES NOT EVEN INCREASE WITH COST OF LIVING INFLATION!

Here's brutal life lessons from the School of Hard Knocks to keep in mind, when your life insurance company agent is trying to get you to buy a safe guaranteed high yield for life fixed annuity.

General Account — An account that an insurance company keeps to cover the expenses of annuity payments and other monthly payouts.

If they don't have the financial backing to be a success, any policy you have will actually be under threat around every turn so the finances of an insurance and annuity company is something you should keep in mind at all times.