Sentences with phrase «as an annuity rather»

In these situations, we recommend setting up your policy's death benefit as an annuity rather than a lump sum.

Not exact matches

First, the $ 650 million jackpot is paid out as an annuity, meaning that rather than getting the whole amount all at once, it's spread out in smaller — but still multimillion - dollar — annual payments over 30 years.

Rather, he says fixed indexed annuities can be «part of a balanced portfolio» that would include traditional investments, such as stock and bond funds in a 401 (k).

Continuing under the assumption that you have a defined benefit pension plan that will pay you $ 50,000 per year until you pass away I would say that your pension plan is more similar to a life annuity rather than a GIC since a GIC comes to term whereas an annuity pays until death, but if you are trying to put a value on the holding of your pension plan I would say that yes, it is fair to count it as a million dollar GIC at 5 %.

We are thinking that we would like to convert these into annuities rather than RRIFs but our broker says we can not change the way our funds have been invested and can only transfer them «as is» into an RRIF.

Finally, even if you decide that this approach of combining an annuity with conventional investments makes sense, you would still want to consider such prudent steps as shopping around to make sure you're getting a competitive payment, annuitizing gradually rather than all at once, diversifying your annuity money among a few highly rated insurers and limiting the amount you invest with any single insurer to the maximum amount covered by your state's life and health insurance guaranty association.

The central problem is framing: Consumers view annuities as risky gambles rather than insurance.

And even if you eventually decide an annuity is the way to you, you may want to commit your money gradually, say, buying three smaller annuities over a period of a few years rather than investing a single chunk all once, as such a strategy reduces the odds you'll commit all your annuity money when interest rates are at or near a low point.

In other words, if reverse mortgages are used early, rather than late, they can be as important in the retirement planning toolbox as life annuities.

Lump - Sum (or Single - Sum) Payments from PBGC (for Single - Employer Plans only)- Payment of a person's plan benefit in a single payment, rather than as an annuity.

While a majority of personal injury settlements are paid in a lump sum, a structured settlement is a legal settlement paid out as an annuity — over time — rather than in a lump sum.

The New York Life Elite Variable Annuity differs from many other variable annuity policies in that the Mortality and Expense Risk and Administrative Costs Charge is calculated as a percentage of the Adjusted Premium Payments under the policy (excluding premiums allocated to the Fixed Account), rather than as a percentage of Separate Account assets.

An annuity that provides you with income payments for a specific period of time, such as 10 or 20 years, rather than a lifetime.