Sentences with phrase «annuity guarantees for a future»

In other words, the person bought the annuity guarantees for a future lifetime income stream, but never seem to turn that switch on.

Not exact matches

When you purchase this type of annuity, your future income amount is guaranteed to increase on each contract anniversary for a set period of time or until your first lifetime withdrawal, whichever comes first.

Some of today's state - of - the - art annuities allow for income increases in the future as well as other valuable long - term care - type benefits, such as an income doubler that can double your guaranteed income for up to five full years for skilled nursing or home healthcare.

Be sure to include a fixed annuity in your investment portfolio for guaranteed growth and future income.

Like an immediate annuity, a longevity annuity provides guaranteed income for life, except that while you invest your money now, the payments don't begin until later, typically much later, say, 10 to 20 years in the future.

A deferred income annuity, like the Brighthouse Guaranteed Income Builder, SM may be a good way for you to secure future guaranteed, lifetime income1 that can be used to supplement your other retirement incomGuaranteed Income Builder, SM may be a good way for you to secure future guaranteed, lifetime income1 that can be used to supplement your other retirement incomguaranteed, lifetime income1 that can be used to supplement your other retirement income sources.

Adding what's called a guaranteed lifetime withdrawal benefit feature to a variable annuity can introduce some protection for future income.

If you know how much you plan to invest each year and the fixed rate of return your annuity guarantees — or, for loans, the amount of your payments and the given interest rate — you can easily determine the value of your account at any point in the future.

A longevity annuity is similar to an immediate annuity in that you hand over a portion of your savings to an insurer for the guarantee of lifetime monthly payments, but there's an important difference: even though you invest your money now, a longevity annuity doesn't begin making payments until later, often 10, 15 or even 20 years in the future.

Annuities, which involve buying a guaranteed future payout, are another thing you can consider, especially if you think you're set for a long life and face a higher threat of outliving your money.

A longevity annuity is similar to an immediate annuity in that you give an insurer a lump sum in return for a guaranteed lifetime income stream, except that you don't begin collecting that income until some point in the future, say, 10 or even 20 years later.

You hand over a lump sum to an insurer in return for the insurer's promise to pay you guaranteed monthly payments for life that start at once (immediate annuity) or at some point in the future (longevity annuity).

When you purchase this type of annuity, your future income amount is guaranteed to increase on each contract anniversary for a set period of time or until your first lifetime withdrawal, whichever comes first.

Put in place a deferred annuity with a contractually guaranteed growth rate utilizing a rider (added benefit) that can be used for a lifetime income stream at a future date to cover health costs.

Income annuities are designed for the sole purpose of providing a guaranteed stream of income, either immediately or in the future.

Commuting the maturity proceeds as a lump sum amount to the extent allowed under Income Tax act and balance amount to be utilised to purchase an immediate annuity from Future Generali India Life Insurance Co. Ltd. (FGILICL), which shall be guaranteed for life, at the then prevailing annuity rate.

Commuting the proceeds as a lump sum amount to the extent allowed under Income Tax act and utilizing the remaining amount to purchase an Immediate Annuity (guaranteed for life) from Future Generali India Life Insurance Co. Ltd. at the then prevailing annuity rate

However, if you want to purchase additional guaranteed income: • Purchase an annuity • Purchase a higher social security future benefit amount • Inquire at your employer for you to purchase years of service to get higher benefit