Sentences with phrase «annuity phase»

He has the option to extend the accumulation phase, utilize the entire proceeds to purchase a single premium deferred pension plan, commute the benefits or enter into annuity phase.
The money that is paid (also known as the purchase price) during the annuity phase, is accumulated by the policyholder (also known as the annuitant) himself in the years leading to the retirement.
After the accumulation phase is over, the annuity phase starts immediately or after some time.
Thus, from the Vesting date, the annuity phase also starts where the customer receives annuity.
An annuity plan works in two phases, the accumulation phase and the annuity phase.
After vesting, the annuity phase starts where the policyholder will receive annuity payouts from the corpus accumulated from the premium payments.
Once he retires and finishes paying the premiums, his annuity phase starts and he receives the monthly payments.
In an Immediate Annuity plan, there is only the annuity phase.
This is referred to as the annuity phase.
This is also called as the annuity phase, when a person starts getting regular pension income.
Deferred annuity plan = Under this plan, annuity phase is preceded by saving phase.
In an immediate annuity plan, the annuity phase begins as soon as the purchase price is paid.
At the end of the 20th year, when Mr. Batra is 60 years old and recently retired, the annuity phase begins and he starts to receive his monthly payments.
Annuity contracts with a deferral phase always have an annuity phase and are called deferred annuities.
An annuity contract may also be structured so that it has only the annuity phase; such a contract is called an immediate annuity.
He has the option to extend the accumulation period, enter into a new single pay deferred pension plan, commute to the extent allowed, or enter into an annuity phase.
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