Sentences with phrase «current value of your annuity»

Most, though not all, states will protect you from the insolvency of an annuity provider through «guarantee associations» or «guarantee funds» but there are limits to that protection — in most states a limit of $ 100,000 for the current value of the annuity, or $ 300,000 in total lifetime benefits.

Not exact matches

The key to understanding this is the concept of «pension wealth,» the current dollar value of the expected stream of future benefits, in other words, the cash value of a retiree's annuity.

In the case of an annuity, present value is the current worth of a series of equal payments to be made in the future.

Each year, one should spend (at most) the amount that a freshly purchased annuity — with a purchase price equal to the then - current portfolio value and priced at current interest rates and number of years of required cash flows remaining — would pay...

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 there is a loss - If you the current value of your variable annuity is lower than the cost basis, you have a loss.

If you no longer want your whole life policy, you can surrender it to receive the current cash surrender value or convert it into an annuity, but keep in mind that cashing in a permanent policy after only a couple of years is an expensive way to get insurance coverage for a short time.

The advantage of the annuity is that it provides a higher payment of the current value at the time of death.