Sentences with phrase «benefits as annuities»

If your beneficiary chooses to receive the death benefit as an annuity, that means he or she wants to divide up the payments across a number of years of his or her choosing.

Your beneficiary can choose to receive the death benefit as an annuity, which is like receiving an income every year.

But you may want to choose to receive the death benefit as an annuity if you have fewer expenses, such as when you're older and retired.

Another option is to receive the death benefit as an annuity.

For example, your beneficiary could receive the interest option until retirement and then receive the remainder of the benefit as an annuity.

If the beneficiary opts to receive the death benefit as an annuity, they may be presented with a staggering menu of choices.

Your beneficiary can choose to receive the death benefit as an annuity, which is like receiving an income every year.

Another option is to receive the death benefit as an annuity.

However, many companies also allow you to take the death benefits as an annuity which means that your beneficiaries can receive the life insurance proceeds monthly or as a set payment every few years or so.

Many surviving spouses with young children elect to receive death benefits as an annuity to ensure a long - term income and avoid having to work full - time outside of the home.

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

Not exact matches

Some families may benefit by sheltering after - tax dollars in retirement - savings vehicles, such as Roth individual retirement accounts and some types of annuities, said Will Alford, president of Education Planning Resources.

«The type of hidden fees annuity investors should pay attention to are separate account [investment funds] expense ratios; back - end sales charges; annual administration fees; mortality and expense costs; any rider fees, such as guaranteed income rider, death benefit riders [and] principal protection riders, to name a few,» says financial planner Joseph Carbone of Focus Planning Group.

How much risk you can afford to take with your investment portfolio during retirement, or when approaching it, depends on your cash flow from available income streams — such as pensions, Social Security benefits or annuities — and doing a thorough cash - flow analysis is paramount.

Investors should only buy an annuity contract for the annuity's additional features, such as lifetime income payments and / or death benefit protection.

A fee included in some annuity contracts that compensates the insurer for the risks it assumes in issuing the contract, such as the cost of death benefits, expenses of other insured income guarantees, and administrative costs.

Structured variable annuities don't come with living benefit guarantees and therefore don't require the same level of reserves as traditional variable annuities, which is why company executives consider them efficient.

New low - cost deferred variable annuities «deserve to get more respect,» insisted Pfau, but he singled out the immediate annuity — also called an income annuity or a life annuity — as packed with the most potential because it offers «a ton of benefits to consumers.»

Unlike life insurance, annuity death benefits are taxed as ordinary income on any gains above the original investment amount.

Years ago, however, the SEC carved out an exception from this rule for the benefit of brokers as well as planners and insurance agents who sell variable annuities.

Even that $ 575 in monthly income is likely too generous, as a large segment of the public does not even know such a thing as an immediate annuity offering joint and survivor benefits exists.

Income annuities also come with what's known as a lifetime - only contract, or a death benefit for a limited period.

Elite Choice also offers traditional fixed annuity benefits such as guaranteed minimum interest and death benefits, combined with the potential for additional interest linked to the return of an index.

MarketProtector offers the benefits of a traditional fixed annuity, such as guaranteed minimum interest, death benefits, and retirement income options such as IncomeAccelerator, which is an optional income benefit for an additional charge.

As you determine if an annuity may be right for you, remember that they are intended as vehicles for long - term retirement planning, which is why withdrawals reduce an annuity's remaining death benefit, contract value, cash surrender value and future earningAs you determine if an annuity may be right for you, remember that they are intended as vehicles for long - term retirement planning, which is why withdrawals reduce an annuity's remaining death benefit, contract value, cash surrender value and future earningas vehicles for long - term retirement planning, which is why withdrawals reduce an annuity's remaining death benefit, contract value, cash surrender value and future earnings.

If you're worried that you won't have enough income for the lifestyle you want in retirement, you might want to discuss with a financial advisor or insurance professional about the potential benefits of using annuities as part of your overall retirement plan.

According to Morningstar Annuity Research Center, variable annuity annual fees range widely, from 0.10 % to 2.25 %, with an industry average of 1.25 %.4, 5 Of course, you will pay more if you need to address a specific risk with a guarantee, such as a guaranteed living benefit, which provides income or asset protection from down markets.

As a result, more variable annuities with living benefit features are being purchased by healthier people than by those who are less healthy.

At the same time, traditional variable annuities will lose market share as insurers continue to move away from living benefits, they said.

Much of this growth came from consumers buying FIAs with guaranteed living withdrawal benefits (GLWBs), some with benefit base rollups as high as 8 or 9 percent and withdrawal rates greater than those in variable annuities, the report said.

Under these circumstances, you should only consider buying a variable annuity because of its other features, such as lifetime income payments and death benefit protection.

As you determine what annuity might be right for you, remember they are intended as vehicles for long - term retirement planning, which is why withdrawals reduce an annuity's remaining death benefit, contract value, cash surrender value and future earningAs you determine what annuity might be right for you, remember they are intended as vehicles for long - term retirement planning, which is why withdrawals reduce an annuity's remaining death benefit, contract value, cash surrender value and future earningas vehicles for long - term retirement planning, which is why withdrawals reduce an annuity's remaining death benefit, contract value, cash surrender value and future earnings.

In the second, «cash compensation» was defined as «any discount, concession, fee, service fee, commission, sales charge, loan, override or cash benefit or other remuneration received in connection with the recommendation or sale of an annuity.»

As a surviving spouse, you can take ownership of the annuity, including any riders and death benefits within 1 year of your spouse's death.

Long - term care was a big topic of discussion among AIFA analysts, as was the issue of unpaid annuity benefits.

Net investment income does not include tax - exempt interest from municipal bonds (or funds); withdrawals from a retirement plan such as a traditional IRA, Roth IRA, or 401 (k); and payouts from traditional defined benefit pension plans or annuities that are part of retirement plans.

Advisors are upset because a couple of big variable annuity carriers — Prudential and Jackson National — are suspending sales of, or deposits into, certain variable annuities, such as those offering guaranteed living benefits.

Some of today's state - of - the - art annuities allow for income increases in the future as well as other valuable long - term care - type benefits, such as an income doubler that can double your guaranteed income for up to five full years for skilled nursing or home healthcare.

But he singles out the immediate annuity — also called an income annuity or a life annuity — as packed with the most potential because it offers «a ton of benefits to consumers.»

«We also believe that there will be a greater emphasis placed on benefit riders with variable annuities to validate their compensation payments, as the Department of Labor has expressed skepticism regarding the tax benefits of certain products when used within tax - qualified accounts,» the report says.

Among them are the rights to: bullet joint parenting; bullet joint adoption; bullet joint foster care, custody, and visitation (including non-biological parents); bullet status as next - of - kin for hospital visits and medical decisions where one partner is too ill to be competent; bullet joint insurance policies for home, auto and health; bullet dissolution and divorce protections such as community property and child support; bullet immigration and residency for partners from other countries; bullet inheritance automatically in the absence of a will; bullet joint leases with automatic renewal rights in the event one partner dies or leaves the house or apartment; bullet inheritance of jointly - owned real and personal property through the right of survivorship (which avoids the time and expense and taxes in probate); bullet benefits such as annuities, pension plans, Social Security, and Medicare; bullet spousal exemptions to property tax increases upon the death of one partner who is a co-owner of the home; bullet veterans» discounts on medical care, education, and home loans; joint filing of tax returns; bullet joint filing of customs claims when traveling; bullet wrongful death benefits for a surviving partner and children; bullet bereavement or sick leave to care for a partner or child; bullet decision - making power with respect to whether a deceased partner will be cremated or not and where to bury him or her; bullet crime victims» recovery benefits; bullet loss of consortium tort benefits; bullet domestic violence protection orders; bullet judicial protections and evidentiary immunity; bullet and more...

Whether it's a straightforward bequest, trust, annuity, or an arrangement made through your IRA, planned gifts of all sizes support Chicago Children's Museum's long - term fiscal stability and often provide financial benefits to you as well.

Under that provision, such benefits as life - insurance annuities and paid health - care plans will become taxable in January if they are found to be part of a program that discriminates against lower - paid workers.

No such annuity shall provide for more than the total difference in retirement income between the retirement benefit based on average monthly compensation and creditable service as of the member's early retirement date and the early retirement benefit.

No such annuity may provide for more than the total difference in retirement income between the retirement benefit based on average monthly compensation and creditable service as of the member's early retirement date and the early retirement benefit.

Once an employee reaches retirement age, pension benefits are disbursed as an annuity, a fixed benefit that a worker receives every year starting at retirement until death.

Typical annuity death benefits reduce as you make your withdrawals.

Life insurance annuities will be fixed - interest annuities, but as a beneficiary you can choose whether you want the benefit paid out throughout a fixed period or your lifetime.

Aside from the obvious value of receiving a large amount of cash as a lump sum, there are some risks with choosing an annuity to receive the death benefit.

Unlike life insurance, annuity death benefits are taxed as ordinary income on any gains above the original investment amount.