Sentences with phrase «during the accumulation period»

The purchase price in an annuity plan is the combined value of the premiums you paid during the accumulation period of the plan.

The tax is usually less than you would pay during the accumulation period, because the pay out is usually less than the income you earn in your working years.

Regarding the withdrawal rate why does the rate of withdrawal in retirement have to be so much less than the rate of growth during the accumulation period?

With a deferred annuity, you typically make a series of premium payments during the accumulation period.

A death benefit is payable if the owner dies during the accumulation period.

Any earnings are tax deferred during the accumulation period.

During the accumulation period of a variable annuity, the insurance company puts your premiums (less any applicable charges) into a separate account.

Fixed interest rate annuities provide that the contract earns interest during the accumulation period at a rate of interest set by the insurance company based upon the performance of the company's general portfolio account.

Fixed index annuities provide that the contract will earn a rate of return during the accumulation period that is based upon the performance of an external market index such as the S&P 500.

A deferred income annuity earns interest during the accumulation period.

With some deferred annuities, during the accumulation period you are allowed to withdraw a percentage of the principal and earnings without incurring surrender charges.

This not only means lower taxable income for you during the accumulation period, but also additional accumulated interest thanks to the power of compounding.

The value built up during the accumulation period can be distributed in a lump sum payment or income payments during the payout period.

During the accumulation period, a fixed annuity credits a specified rate of interest to the account.