Sentences with phrase «annuity under this option»

Not exact matches

Earnings based on the performance of the investment options (or «subaccounts») you select from among those offered under the annuity.

She also explained that even though there were two options available for receipt of pension entitlements, programmed withdrawal and life annuity, retirees wishing to access their Retirement Savings Accounts would only be able to draw pension under the programmed withdrawal module.

Fixed annuities offer a standard death benefit of a lump sum payment or withdrawals under an income option of the full value of the contract at time of death.

You can put IRA funds in almost any legitimate investment you want, while options under a variable annuity contract will be limited.

The benefits, rights, privileges and options which, under any annuity contract are due or prospectively due the annuitant, who paid the consideration for the annuity contract, shall not be subject to execution.

For those who are looking for an opportunity to exit an under - performing variable annuity, there are viable options.

This term also refers to the settlement of a life insurance policy under the contract's annuity options.

Some may use estimates and depending on what investing options one has there are other factors as if one has pensions or annuities these could pay out differently under various scenarios.

SIPC covers most types of securities, such as stocks, bonds, mutual fund shares and variable annuities, but it does not cover commodities (including commodity futures contracts and options), fixed annuity contracts, currency or investment contracts (such as limited partnerships) that are not registered with the SEC under the Securities Act of 1933.

It's also worth noting that regular annuity payments (under a regular annuity payout option) from an annuity where the Annuity Starting Date was after 12/31/1986 are taxed under the «exclusion ratio» regime only until all investment in the contract has been received tax free.

This term also refers to the settlement of a life insurance policy under the contract's annuity options.

The variable annuity brochure states «in some circumstances the cost of the option may exceed the actual benefit paid under the option».

Under the third option, after the first annuitant's death, annuity continues to be paid to the spouse and ceases on spouse's death.

Under deferment plans, on vesting, the customer can exercise his choice on the different options available to him in the context of annuity payouts.

Under this annuity option, the annuity shall be payable for a certain period of time for 5 / 10 / 15 years as per annuitant's choice and subsequently for the annuitant's life.

There are three annuity options under the Reliance retirement plan to choose from if the policyholder commutes 1 / 3rd of the corpus and avails annuity from the remainder.

The annuity payouts occur from the next chosen frequency immediately after payment of lump sum premium and the payouts are available under various options

Under the option of Life Annuity with Return of Purchase price in parts, if the annuitant survives 7 years, 30 % of the purchase price is paid and the annuity continues.

Earnings based on the performance of the investment options (or «subaccounts») you select from among those offered under the annuity.

Under this annuity option, the annuity is payable for the annuitant's lifetime, and in case of the death of the annuitant, the purchase price is paid to the nominees.

On death of the annuitant, annuity payouts cease under the first option.

Options for banks / financial institutions to purchase immediate annuities in respect of annuity payments for their commitments to the homeowners under the reverse mortgage schemes.

Under this option, the beneficiary of your annuity receives payments for a set number of years or for the life of the beneficiary.

Annuity Pay - out Options: The following are the two annuity pay - out options offered under thOptions: The following are the two annuity pay - out options offered under thoptions offered under the plan:

It is the latest date on which you can begin receiving payments from your annuity under any of the settlement options available to you.

Insurance companies offer various options under annuity plans.

Joint Life Last Survivor with Return of Purchase Price on Last Death: Under this option, the annuity shall be paid at a constant rate till either of the annuitant and spouse are alive.

The Surrender Value should be used to receive annuity under the same options as on vesting except the vesting date can not be extended

Moreover, the Purchase Price, i.e. the single premium paid for availing the annuity is returned on death or in case of a Critical Illness under the relevant annuity options under this HDFC pension plan

Under Market Plus plan, the insurance holder has to intimate his / her choice of annuity option to the corporation at least 6 months prior to the vesting date.

Yearly annuity in Rupees for a Purchase price of 1 lakhs under different options and purchase price bands for age 55 years

The Purchase Price, i.e. the single premium paid for availing annuity is returned on death or in case of a Critical Illness under relevant annuity options

a) Option to commute to the extent allowed under Income Tax Act and to utilize the balance amount to purchase immediate annuity with the same insurer, which will be guaranteed for life, at the then prevailing annuity rate, or

In case of life assured surviving till vesting date, fund value is compulsorily be utilised to provide an annuity based on the then prevailing immediate annuity rates under the relevant annuity option.

Under this plan, you have an option to start receiving annuity immediately after paying the premium depending upon the payout mode you choose.

Fixed annuity amounts are payable on the survival of the policyholder, based on the Annuity option chosen and as mentioned under the policy schedule.

Under this option, the outstanding annuity is paid to the legal heir after the death of the nominated spouse.

Under annuity option B, in the event of death of the annuitant during the Guaranteed Period of 5 years, the annuity is payable to the nominee till the end of this Guaranteed period.

Under annuity option C, on the death of the annuitant during the first 10 years, the annuity is payable to the nominee till the expiry of this period.

He had found all of the annuity payment options available under the death benefit proceeds and was concerned that those were his only options.

Under option (5)-- payment of annuity ceases and 50 % of the annuity is paid to the surviving named spouse during his / her life time.