Sentences with phrase «contract owner»

A fee paid by a variable annuity contract owner for withdrawal of an amount that exceeds a specific percentage or for cancellation of the contract within a specified amount of time after purchase.

The amount of the payments depends on the original contract owner's age as payments will be calculated based on the owner's life expectancy.

This allows older contract owners to pay the same premium in later years when mortality expenses rise.

A life insurance policy in which most of the expense charges occur when the policy owner or contract owner surrenders the policy or makes cash withdrawals from the policy.

The increasing annual premium structure of term insurance results from the decreasing life expectancies of contract owners as they age.

Contract owners choose from indexed strategies with returns tied to the performance of the S&P 500 ® Index, iShares U.S. Real Estate ETF or the SPDR Gold Shares ETF.

Lincoln Benefit Life Company (LBL) is notifying variable life contract owners of upcoming fund changes.

For contract owners invested in the PIMCO VIT Money Market Portfolio, any value remaining in this subaccount on the liquidation date will be transferred automatically to the Fidelity VIP Government Money Market Portfolio subaccount.

Most deferred annuities have a «free withdrawal provision» that allows contract owners to receive a certain amount each year without incurring fees, though what that amount is will vary depending on contract specifics.

Existing contract owners may call the Putnam Allstate Advisor Service Line at 1-800-390-1277.

For contract owners invested in the PIMCO VIT Money Market Portfolio, any value remaining in this subaccount on the Liquidation Date will be transferred automatically to the Fidelity VIP Government Money Market Portfolio subaccount.

Some financial professionals say they have seen more changes in the industry in the last year than in the previous five combined and that many contract owners do not understand what they own or how these changes affect them.

Allianz Life paid out more than $ 2.7 billion in benefits to its policyholders and contract owners via life insurance and annuity payments, up 4 percent from the prior year.

A fee paid by a VA contract owner for withdrawal of an amount that exceeds a specific percentage or for cancellation of the contract within a specified amount of time after purchase.

Fixed annuities earn a guaranteed † rate of return over the life of the contract, and offer contract owners the predictability of a guaranteed income stream and a way to grow assets without exposure to market volatility.

Annuity rates for contract owners who are 40 to 50 years of age require different management than what is needed for younger investors.

With dividend payments whole life insurance will provide a positive internal rate of return for contract owners over time, so even without the death benefit the policy can be viewed as an investment tool.

Contract owners choose from indexed strategies with returns tied to the performance of the S&P 500 ® Index, iShares U.S. Real Estate ETF or the SPDR Gold Shares ETF.

Lincoln Benefit Life Company (LBL) is notifying variable life contract owners of an upcoming fund closure and liquidation on TotalAccumulator variable universal life contracts.

Annuities and Life Insurance Several annuity and life insurance companies now have a form that allows contract owners to designate how beneficiaries receive the death benefit.

Existing contract owners may call the Putnam Capital Manager Service Line at 1-800-521-0538.

Upon the death of the original contract owner, the life insurance carrier will pay the death benefit to the designated recipient in one of two ways: a lump sum, or a series of scheduled payments.

Conclusion The insurance riders available in most variable annuity contracts today can provide many types of protection for contract owners and beneficiaries.

The index - based strategy uses a point - to - point crediting method and contracts may not be issued on or after the 86th birthday of the contract owner.

The contract owner may need to choose between an unreduced death benefit and continued withdrawals should the contract value approach the required minimum.

These short - term contract durations are in direct opposition to the 18 or 24 month price plans, which tie up the contract owner and they will miss out on the latest generation of mobile phones.

The contract owner may need to choose between an unreduced death benefit and continued withdrawals should the contract value approach the required minimum.

A variable annuity, like ALL other annuities, offer a guaranteed payment of income for the life of the annuitant (who may be different from the contract owner).

Though available to all contract owners, the Global Atlantic Portfolios are also ten of eleven managed risk investment options qualifying as choices for optional living and death benefits, when applicable.

If the result is positive, the contract owner will automatically receive indexed interest, which is locked in and can not be lost due to future index declines.

When the contract is netted out or settles, the whatever value is left in the margin account is returned to the contract owner.

It's important to analyze though the features and riders attached in the contracts before you close the deal to ensure that your objectives and needs as the contract owner are carefully taken into consideration.

Named after Section 1035 of the Internal Revenue Code, a 1035 exchange allows life insurance policy owners (and annuity contract owners) to exchange an old policy (or contract) for a new one from a different insurance company without tax consequences.

It gives the contract owner the flexibility to find another contract that features lower costs, a higher death benefit, or more investment choices.

Non-recurring distributions must be paid by paper check and can be mailed to annuity contract owners, financial institutions or third parties.

Such forward - thinking is a key reason FIAs have been so successful for both contract owners and their beneficiaries.

Two advantages of annuities are that the funds accumulate tax deferred and they can be distributed in a variety of ways to the contract owner.

Most annuities have surrender charges that are assessed during the early years of the contract if the contract owner surrenders the annuity.

Because they are meant for long - term accumulation, most annuities have surrender charges that are assessed during the early years of the contract if the contract owner surrenders the annuity.

These fees vary by insurance company and often decline the longer the contract owner waits to surrender the contract.

Most policies have surrender charges that are assessed during the early years of the contract if the contract owner surrenders the policy.

This guaranteed rate acts as a «floor» to potentially protect a contract owner from periods of low interest rates.

Surrender charges may apply during the contract's early years in the event that the contract owner surrenders the annuity.

A guaranteed minimum income benefit could help ensure that when the contract owner is ready to collect retirement income payments, they would be based on a minimum payout base even if poor market performance lowers the value of the underlying investments.

Adding a guaranteed minimum withdrawal benefit to a variable annuity contract could allow the contract owner to withdraw a fixed percentage (usually 5 % to 7 %) of the premiums paid until 100 % of the premiums paid had been withdrawn, even if the contract's underlying investments were to lose money.

They also offer a death benefit; generally, if the contract owner or annuitant dies before the annuitization stage, the beneficiary will receive a death benefit at least equal to the net premiums paid.

Those payments were ruled, in two Private Letter Rulings, as «amounts received as an annuity», provided that the contract owner chose a specific option in that product.