Sentences with phrase «deferred pension product»

As per IRDA rules, 2 / 3rd of the accumulated wealth at the time of maturity needs to be used to purchase an annuity plan or a deferred pension product.

He has the option to Purchase an immediate annuity, take advantage of commutation benefit, postponment of vesting date, or utilize the entire vesting benefit to purchase a single premium deferred pension product.

b) Option to utilize the entire proceeds to purchase a single premium deferred pension product with the same insurer, or

SUD Life Guaranteed Pension Plan is a non-linked non participating deferred pension product that helps you to plan for your life, post retirement — be it starting a new venture, pursuing a hobby, travelling across the world or just enjoying time with family and friends.

To use the entire vesting benefit to purchase a single premium deferred pension product from the company, OR

Not exact matches

In a recent article in the New York Times, Jean Chatzky, the financial editor for NBC's Today Show, offered some insight into how deferred annuity products like indexed annuities are poised to make a difference in the financial future of a class of retirees facing a number of unique issues such as increased longevity and insecurity in pensions and social security.

✓ Social Security and / or pension benefits won't cover your regular expenses ✓ You're over 45 but not too far into retirement ✓ You've accumulated between $ 250,000 and $ 5 million in retirement savings ✓ You have average or above - average health ✓ You're seeking greater certainty in retirement and more of an insurance product ✓ You'd like to reduce your Required Minimum Distributions and defer associated taxes