Sentences with phrase «feature on your annuity»

A feature on your annuity that provides an additional benefit.

Not exact matches

Variable annuities are designed to be retirement investments, and because of this tax - deferral feature, there is typically a 10 % federal tax penalty on earnings withdrawn before age 59 1/2.

Other variable annuity carriers are expected to follow, and many have already cut back on features in products they continue to sell.

The changes have come in response to the prolonged low - interest rate environment, and the pressure that has put on carriers» ability to support product guarantees and related features, according to a wide variety of annuity watchers...

For example, variable annuities allow savings to grow based on market conditions, while offering features that provide a level of income protection.

The prospectus contains details on the variable annuity, the subaccounts, contract features, fees, expenses, and other pertinent information.

A Guaranteed Minimum Income Benefit (GMIB) feature is an optional rider on a variable annuity that is available for an additional annual charge against the income base.

The payment would depend on your age, current interest rates and certain optional features of the annuity.

GOLD SERIES SAGE CHOICE SINGLE PREMIUM DEFERRED ANNUITY — PRODUCT OVERVIEW 6 Year Single Premium Deferred Annuity Issue Ages: 15 days — 90 years (age last birthday) Minimum Premium — $ 2,000 Maximum Premium — $ 500,000 per Owner Free Withdrawal Provision («Bailout Feature»): Included in the Contract Guaranteed Minimum Interest Rate: 2 % for the first 10 years and 3 % thereafter Contract Loan — Not Available for this product Free - Look Period — 30 days Death Benefit: Accumulation Value on the date of the Owner's death.

On the other hand, investors who don't offer retirement plan may be enticed to the benefits as well as money management features of the best variable annuities.

How much interest you get and when you get it depends on the features of your particular annuity.

But the effective annuity rate is also based on factors like current interest rates, mortality rates and optional extra features like inflation indexing, guarantee periods or joint - and - survivor benefits.

The investor also loses optional death benefits, contract value at death (depending on the timing of the election and contract terms the contract value could be realized over a specified period of time) and most other features purchased with the annuity.

Warren Posner, LPL Financial senior vice president of product management, says «While LPL Financial continues to focus on brokerage variable annuity solutions and believes they are and will continue to be an important and relevant solution to meet retirement planning needs in a post-DOL environment, we are excited to expand our existing fee - based variable annuity lineup with the competitive features offered by the Pacific Odyssey product to meet a growing interest and demand in that space.»

But because of the limits features like participation rates and caps place on returns, the value of your annuity may grow much more slowly over the long run than had you simply put some of your money in cash and / or short - term bond funds for security and the rest in low - cost stock index funds.

This contrasts with a variable annuity, which features accumulation or loss based on the performance of investment options selected by the contract owner.

Annuity, Variable An annuity that features accumulation or loss based on the performance of investment options selected by the contract owner.

GOLD SERIES SAGE CHOICE SINGLE PREMIUM DEFERRED ANNUITY — PRODUCT OVERVIEW 6 Year Single Premium Deferred Annuity Issue Ages: 15 days — 90 years (age last birthday) Minimum Premium — $ 2,000 Maximum Premium — $ 500,000 per Owner Free Withdrawal Provision («Bailout Feature»): Included in the Contract Guaranteed Minimum Interest Rate: 2 % for the first 10 years and 3 % thereafter Contract Loan — Not Available for this product Free - Look Period — 30 days Death Benefit: Accumulation Value on the date of the Owner's death.

However, some added features may make a variable annuity suitable for certain investors, depending on the investor's financial profile and retirement horizon.

A personal pension plan is a retirement plan in which individuals seek to plan for their retirement and get this secure and stable investment.The main features of HDFC personal plan are planned for the single life flexibility to choose investment flexibility to choose a premium paying frequency, assured benefits on maturity, choose the annuity option.