Sentences with phrase «beneficiary at least the amount»

Not exact matches

For example, a deferred variable annuity may guarantee that your beneficiary will receive at least the amount of your original principal if you die, even if the value of the annuity has declined due to poor performance of the subaccounts you selected.

If the amount you withdraw during at least some of these years is less than the amount you would have been required to withdraw from a traditional account, you'll have a larger account to use in your later years or to leave to your children or other beneficiaries.

When money, securities, property, or other assets are placed in a properly structured charitable remainder trust, the grantor or the grantor's beneficiaries receive payment of a specified amount at least annually.

This guarantees that, should the investor die during the accumulation phase of the variable annuity, the account owner's beneficiary will receive at least the amount of the investor's contributions minus withdrawals or the current market value of the account.

(If however, the insured remains alive for at least two more years, the beneficiary will receive the full amount of the death benefit after that).

For example, if your beneficiary (or beneficiaries) will need a certain amount to pay for final expenses or other specific debts, then it will be important to purchase at least that amount of coverage.

Because the death benefit remains the same for both types of insurance, you will have to name at least one beneficiary who will receive the death benefit amount after you pass away.

The amount dispensed on behalf of the minor beneficiary will be managed by the guardian or trust at least until the child attains the age of adulthood.

So, in case the insured dies while the policy is active the beneficiary can claim complete or at least the guaranteed maturity sum whichever is higher., The guaranteed maturity value is calculated based on gender, age, tenure and amount of premium.

If the annuity contract owner passes away prior to the time that the insurance company has begun making income payments to the annuitant, then a named beneficiary will be guaranteed to receive at least a specified amount of money, which is generally the amount of the purchase payments, or the total amount of the premiums that were deposited.

If the insured person passes away before being insured for at least two years, your beneficiary will only receive a portion of the death benefits, not the full coverage amount.