Sentences with phrase «annuity owner based»

The take away here is that the tax laws are in place to make people use annuities for the intended purpose which is to provide a stream of payments to the annuity owner based upon his / her life expectancy.

Not exact matches

Owners of fixed indexed annuities (FIAs) with guaranteed living income benefit (GLIB) riders are much less likely to surrender their contracts than they were 10 years ago, according to new research based on 3.3 million policyholders.

The annuity owner chooses the level of protection based on goals and risk tolerance.

During the accumulation phase, the account will be set up to grow cash value based upon the formula selected by the annuity owner.

Owners of fixed indexed annuities (FIAs) with guaranteed living income benefit (GLIB) riders are much less likely to surrender their contracts than they were 10 years ago, according to new research based on 3.3 million policyholders.

You might also ask if your annuities income rider will allow you to take an income based upon the annuity owner's life or can it provide a dual payout for both of the spouses?

A fixed annuity will offer its owner a fixed amount of interest that is credited on an annual basis.

This contrasts with a variable annuity, which features accumulation or loss based on the performance of investment options selected by the contract owner.

Annuity, Variable An annuity that features accumulation or loss based on the performance of investment options selected by the contract owner.

Modified Endowment Contracts still offer a tax - free death benefit to the insured (this being their primary advantage over an annuity or other investment) but policy owners can no longer access their investment gains on a tax - free basis.

For example, an annuity company's GMIB might guarantee that if the contract owner chooses annuitization, the income will be based on the greater of the account value or the GMIB benefit base, which is equal to your investment accumulated at 5 % annually.