Sentences with phrase «annuity issuer»
The phrase "annuity issuer" refers to a company or entity that sells annuities. Annuities are financial products that provide regular income in exchange for a lump sum payment. So, an annuity issuer is the organization that offers and manages these annuity contracts. Full definition
Once everyone understands the revenue - sharing - arrangement issue better, regulators should develop flexible, principles - based criteria for describing the circumstances in which actuaries might give a variable annuity issuer more credit for a revenue - sharing arrangement, Campbell writes.
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One of the quotes I read from a CEO of a major variable annuity issuer was: «It's very encouraging to see smart money coming back in the variable annuity space.»
In its simplest form, you pay money to an annuity issuer, and the issuer then pays an income stream back to you or to a named beneficiary.
You (the annuity owner) make a lump - sum payment or a series of premium payments to an annuity issuer (the insurance company), which will accumulate earnings at a fixed interest rate (a fixed annuity) or a variable rate determined by the growth (or losses) in investment options known as subaccounts (a variable annuity).
An immediate annuity is a contract between you and an annuity issuer (an insurance company) to which you pay a single lump sum of cash in exchange for the issuer's promise to make payments to you (or the annuitant) for a fixed period of time or for the life of the annuitant.
To add to this continuing concern, many variable annuity issuers are now offering buybacks of these contractual guarantees.
From This is Your Life Insurance Co.'s, our annuity issuer, point of view those living longer and receiving more money will be offset by those living shorter lives and receiving less.
Simply stated, you pay money to an annuity issuer, and the issuer pays out the principal and earnings back to you or to a named beneficiary.