Sentences with phrase «death death of annuitant»

Not exact matches

The Return of Premium death benefit is available only if you (and a joint annuitant, if applicable) are age 75 or younger when you buy the annuity.

An option / rider that refunds premiums paid into an annuity less cumulative income payments made, upon the death of the annuitant.

The insurer earns 4.5 % on its investments, and additional money of 3.5 - 5.0 % from deaths of annuitants supports the payments of those living, with 1 % to cover commissions, administration, and profits.

What benefit is paid at the death of the annuitant, if the annuity contract is owned by another individual?

Liberty Bankers can not be responsible for tax consequences caused by incorrect beneficiary designations: death benefits will be paid to the beneficiary on record as of the date of the annuitant's death.

When the annuitant dies, the owner must select a new annuitant within 60 days of the date of the annuitant's death.

Bankers Elite Series products are subject to surrender charges in the event of the annuitant's death.

Under the terms of our annuity contracts currently being issued, if the annuity contract is owned by an individual other than the annuitant, no death benefit is payable in the event of the annuitant's death.

What happens at the death of the annuitant on an annuity contract that is owned by a retirement plan?

Under the terms of our annuity contracts currently being issued, the death of the owner, if different than the annuitant, will cause the accumulated value of the annuity, minus applicable withdrawal charges and Market Value Adjustment, to be paid to the designated beneficiary.

The Return of Premium death benefit is available only if you (and a joint annuitant, if applicable) are age 75 or younger when you buy the annuity.

Death Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments receDeath Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath, amounting to the difference between the initial premium paid and the cumulative income payments received.

It finally turned to the joint and several liability rule under the Income Tax Act, which says that upon the death of the annuitant of a RRIF, the annuitant (or the annuitant's estate) and any recipient of RRIF proceeds are «jointly and severally liable to pay a part of the annuitant's tax» on the RRIF for the year of the annuitant's death.

So, when a trust owns a deferred annuity, it must be paid out upon the death of the primary annuitant.

For DIAs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments received.

Changing the existing Successor Annuitant on the account (in the event there's change of spouse / death of spouse)

Here, if the annuitant were to die within the protected period, the enhanced death benefit will be the greater of the minimum benefit amount, less monthly income received, and the early death benefit.

Upon the death of the annuitant, the ownership could possibly be changed to a spouse or a non-spouse beneficiary.

Some contracts will also pay out upon the death of the annuitant (these are called «annuitant - driven» contracts).

Contact the NYL Annuity Service Center upon the death of an owner or annuitant.

One contract states that at the annuitant's death, the contract value must be paid to the beneficiary named in the contract, but at the death of a «non-annuitant owner» (Grandma, in this case), the contract value passes to «the joint owner, if any, otherwise to the successor owner, if any, otherwise to the estate of the owner».

A spouse is eligible for a reduced annuity, after the death of an annuitant, if the annuitant elected a spousal benefit when he / she retired.

The amount that a segregated fund policy agrees to pay to the beneficiary or the estate on the death of the annuitant.

Life annuity payments that continue until the death of both annuitants.

Topics include: Setting up an RRSP Contributing to an RRSP Transferring Making withdrawals Receiving income from an RRSP Death of an RRSP annuitant Anti-avoidance rules for RRSPs and RRIFs RRSP Tax - Free Withdrawal Schemes Forms and publications --(RRSPs)

Because it is impossible to predict an annuitant's age of death, in some instances where a policy holder lives an exceptionally long life, they will receive significantly more than what they paid into it.

Beneficiary: The Beneficiary is the designated individual or organization who will receive the value of a Registered Plan upon the death of the Annuitant.

Rule of Law Alberta Court Orders Beneficiary of Registered Retirement Income Fund to Bear the Tax Burden on the Annuitant's Death

Beneficiary The individual or entity designated to receive a life insurance or annuity death benefit upon the death of the insured or the annuitant.

A death benefit is a payment to the beneficiary on an annuity, pension, or life insurance policy upon the death of the annuitant or policyholder.

What happens at the death of the annuitant on an annuity contract that is owned by a retirement plan?

With LBL Bankers and Liberty Series products, the surrender charge is not applied in the event of an annuitant's death.

Liberty Bankers can not be responsible for tax consequences once death benefits are paid to the beneficiary on record as of the date of the annuitant's death.

Under the terms of our annuity contracts currently being issued, the death of the owner, if different than the annuitant, will cause the accumulated value of the annuity, minus applicable withdrawal charges and Market Value Adjustment, to be paid to the designated beneficiary.

This Kotak Life pension plan offers multiple annuity options of Lifetime Income, Lifetime Income with cash back wherein the Purchase Price is returned on death of the annuitant, Lifetime Income with a Term Guarantee wherein the annuity payouts are guaranteed for 5, 10, 15 or 20 years and thereafter payable for the annuitant's lifetime and Last Survivor Lifetime Income wherein the annuity payouts are paid for the annuitant's lifetime and post his death, the annuity payouts continue till the death of the spouse

Under this annuity option, the annuity is payable for the annuitant's lifetime, and in case of the death of the annuitant, the purchase price is paid to the nominees.

Annuity options where the spouse is also paid after the death of the annuitant are called joint life last survivor annuities.

• Annuity for joint lives (not including death benefit): A set amount which is guaranteed at the time of taking the policy is received by alive annuitants.

This Kotak Life pension plan offers multiple annuity options of Lifetime Income, Lifetime Income with cash back wherein the Purchase Price is returned on annuitant's death, Lifetime Income with a Term Guarantee wherein the annuity payouts are guaranteed for 5, 10, 15 or 20 years and thereafter payable for the annuitant's lifetime and Last Survivor Lifetime Income wherein the annuity payouts are paid for the annuitant's lifetime and post his death, the annuity payouts continue till the death of the spouse

On death of the annuitant, annuity payouts cease under the first option.

It pays a regular stream of income during the lifetime of the annuitant and further continues for the life of the spouse after the death of the annuitant.

It pays a regular income during the lifetime of the annuitant and returns the single premium to the nominee on the death of the annuitant to take care of the family.

Joint Life, Last Survivor with Return of Purchase Price: This option pays annuity throughout the life of the annuitant and on his / her death, continues the annuity during the lifetime of the named spouse.

The payout stops on the death of the annuitant.

An annuity can be a single life annuity or a joint life annuity where the payments are guaranteed until the death of the second annuitant.

Please have the following information available if known: Annuitant name, date of birth, date of death and contract number.

A pure life annuity ceases to make payments on the death of the annuitant.

A guaranteed annuity or life and certain annuity, makes payments for at least a certain number of years (the «period certain»); if the annuitant outlives the specified period certain, annuity payments then continue until the annuitant's death, and if the annuitant dies before the expiration of the period certain, the annuitant's estate or beneficiary is entitled to collect the remaining payments certain.

Joint - life and joint - survivor annuities make payments until the death of one or both of the annuitants respectively.

The phases of an annuity can be combined in the fusion of a retirement savings and retirement payment plan: the annuitant makes regular contributions to the annuity until a certain date and then receives regular payments from it until death.