Sentences with phrase «death of the annuitant for»

Not exact matches

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.

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.

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.

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.

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)

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.

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 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

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.

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.

While many types of annuities allow the annuity owner to name a beneficiary (usually a spouse) who will be eligible for either continued payments or death benefits, a straight life annuity forgoes this added benefit in favor of higher guaranteed payments while the annuitant is alive.

The annuity will be payable in arrears post deferment period as per payment frequency chosen by you, for as long as either of the primary or the secondary annuitant is alive.Death benefit is payable as a lumpsum to the nominee, on later of the deaths of the two annuitants.

Joint Life Annuity for life with return of premium (ROP) payable on the death of the last survivor, which enables the annuitants to receive a pre-decided, fixed, guaranteed amount, provided at least one of the annuitants is alive.

Joint Life Annuity for life (without any death benefit), which entitles the annuitants to receive a pre-decided, fixed, guaranteed amount, provided at least one of the annuitants is alive.

An Annuity for life with a provision of 50 % of the annuity payable to spouse during his / her lifetime on death of the annuitant.

Annuity for life with 100 % annuity for spouse after the annuitant's death and also Return of Purchase Price after death of the last survivor

The policy terminates when the annuitant passes away during the guaranteed period; or on the death of the annuitant after the guaranteed period, if Annuity Guaranteed for 5 years, or Annuity Guaranteed for 10 years or Annuity Guaranteed for 15 years has been chosen.

On the unfortunate death of the annuitant, the nominee receives the amount that was paid for the Single Premium and then the policy terminates.

The policy terminates on the death of the annuitant where the option of Life Annuity or Annuity for Life increasing @ 3 % per annum simple interest or Life Annuity with Return of Purchase Price is chosen.

Annuity for life with a provision of 100 % of the annuity payable to spouse during his / her lifetime on death of annuitant.

Annuity for life with a provision for 100 % of the annuity payable to the spouse of the annuitant for life on death of the annuitant, with return of purchase price on the death of last survivor.

An agreement under which the Insurance Company makes periodic payments during the survival of the annuitant (s), till death or for a specified period.

All insurance riders offered within variable contracts and policies fall into one of two categories; living benefit riders generally guarantee some sort of defined payout while the insured or annuitant is still alive, while death benefit riders protect against declines in contract values due to market conditions for beneficiaries.

In case of death of annuitant during chosen term, nominee will continue to receive the annuity for balance term

Annuity for joint lives (with return of single premium on death of the last surviving Annuitant): A fixed amount, guaranteed at the policy inception, is payable in case at least one of the annuitants is alive.

- In this option, Annuity will be paid for a minimum guarantee of 15 years and then will continue as long as the annuitant is alive and nothing further is payable after his death

Annuity for life with a provision for 100 % of the annuity payable to spouse on death of annuitant with return of purchase price on death of the last survivor.

But the big one we all know life insurance and annuity companies want to make sure they catch is when an annuity calls for payouts to stop upon the death of the annuitant.

Insurance21 Replied: 26-01-2018 19:49:58 There is no provision that in case of death of policy holder (Annuitant), his daughter gets annuity but same provision is available for spouse.