An income annuity allows you to convert part of your retirement funds into a stream of guaranteed lifetime income payments using a single lump - sum of money called a «premium,» or through
flexible premium payments over time, depending on the type of product selected.
You can invest a lump sum today, or contribute
flexible premium payments over time, 2 to build a stream of guaranteed lifetime income that starts when you need it to — any date 2 to 40 years 3 in the future.
An income annuity allows you to convert part of your retirement funds into a stream of guaranteed lifetime income payments using a single lump - sum of money called a «premium,» or through
flexible premium payments over time, depending on the type of product selected.
You can invest a lump sum today, or contribute
flexible premium payments over time, 1 to build a stream of guaranteed lifetime income that starts when you need it to — any date 1 up to 40 years 2 in the future.
Not exact matches
The
flexible premium and coverage guarantees allow you to design a
premium payment over the number of years that you choose.
Variable Universal Life Insurance — Another type of permanent coverage, variable universal life insurance, provides a death benefit, along with
flexible premium payments, and the ability to build cash value
over time.
A GUL provides
flexible premium payments and reliable cash value growth tied to a fixed interest rate, offering stable growth
over time.
This
flexible premium allows the policy holder to plan a
premium payment over the number of years that he or she chooses.
Variable universal life insurance is similar to universal life insurance in that
premium payments are
flexible and the cost of insurance rises
over time.