Sentences with phrase «for the surrender charge»

Some fixed annuities provide waivers for surrender charges under special circumstances, such as a nursing home stay.

When a financial company takes over the liabilities of another financial company, those who have lent to the original company should have the right to receive their assets back at full value, with no deductions for surrender charges, etc..

However, even if you need money in excess of the 10 % penalty - free limit, you can access it for a surrender charge that is very manageable.

As for surrender charges and tax consequences, these objections should be considered «a wash» because, as we all well know, traditional retirement accounts also carry penalties and tax consequences for «earned income».

She decided to stop paying premiums while waiting for the surrender charge to disappear.

I concluded that he could earn over 4 % per year on his money in the existing policies while waiting for the surrender charges to disappear, so it would be better to buy the new policy with other money.

In the first five years, it's not uncommon for surrender charges to be 100 percent.

You may refer to the policy terms and conditions for the surrender charges applicable in your policy

In case you decide to pull out your money from annuity, you may have to pay for surrender charges as well.

As for surrender charges and tax consequences, these objections should be considered «a wash» because, as we all well know, traditional retirement accounts also carry penalties and tax consequences for «earned income».

The cash value of any contract shall be determined without regard to any deduction for any surrender charge or policy loan.

Not exact matches

You may still have a surrender charge to consider, but if it is nominal, it may be worth cutting loose to avoid tying up your money for decades to come.

Since she has left the academic world and is not now contributing to a 403 (b), he says, she could probably make the move without having to pay «surrender charges» — penalties for terminating a policy or withdrawing funds from the accrued value before a set time.

The net cash value will generally be lower than your total accumulated cash value for the first several years of coverage as it's reduced by fees and surrender charges.

The consumer will incur a surrender charge, be subject to the commencement of a new surrender period, lose existing benefits (such as a higher crediting guarantee than is currently available, as well as death, living or other contractual benefits), or be subject to increased fees, investment advisory fees or charges for riders and similar product enhancements;

I say surrender charges are a way for insurance companies to hold retirement plans hostage.

The consumer will incur a surrender charge, be subject to the commencement of a new surrender period, lose existing benefits (such as death, living or other contractual benefits), or be subject to increased fees, investment advisory fees or charges for riders and similar product enhancements;

Surrender charges are common for both variable and fixed annuities.

2 Expenses for a contract with a bonus may be higher than for a contract without a bonus, the amount of the credit may be more than offset by additional fees and charges associated with the bonus, and the surrender periods may be longer than those of a non-bonus annuity.

For years, such critics have complained that indexed annuities lock policyholders into contracts with surrender charge periods of up to 20 years.

If any Shares remain outstanding after the date of termination, the Trustee thereafter shall discontinue the registration of transfers of Shares, shall not make any distributions to Shareholders, and shall not give any further notices or perform any further acts under the Trust Agreement, except that the Trustee will continue to collect distributions pertaining to Trust assets and hold the same uninvested and without liability for interest, pay the Trust's expenses and sell Bitcoins as necessary to meet those expenses and will continue to deliver Trust assets, together with any distributions received with respect thereto and the net proceeds of the sale of any other property, in exchange for Shares surrendered to the Trustee (after deducting or upon payment of, in each case, the fee to the Trustee for the surrender of Shares, any expenses for the account of the Shareholders in accordance with the terms and conditions of the Trust Agreement, and any applicable taxes or other governmental charges).

With carefully chosen words and images charged with first - century political meaning, he constantly reminded his followers that they were to be a set - apart people, a people who lived counter-culturally by loving their enemies, praying for those who persecuted them, lending without expecting anything in return, and surrendering allegiance to a crucified and risen Lord.

as many of us have been saying now for 3 years wenger is a complete fraudster living of past glories which are completely irrelevant to todays game... its sad that fans are strung along by these cowboys... if i am not mistaken aristotle «s definition of ultimate human pain and ignomy was charged most expensive ticket prices to watch games and then being endlessly kicked in the balls by cheese eating surrender monkey..

I am on the verge of surrendering title hopes for the next 3 years (this included) till Wenger is in charge.

The mayor of Muttontown, LI — who ran in the past on the slate of the Concerned Taxpayers Party — and her physician husband surrendered this morning to prosecutors to face criminal charges for allegedly failing to file tax returns for five years.

An Oceanside, Long Island man surrendered this morning to face felony charges for allegedly stealing from the union where he was treasurer, Nassau prosecutors said.

Disgraced former state Senate majority leader Malcolm Smith was scheduled to turn himself in last week so he could begin his seven - year jail sentence on corruption charges, but he got his surrender date pushed back more than six weeks by claiming that he must be checked for prostate cancer by his own doctor before prison, court papers show.

Kaloyeros has pleaded not guilty to the charges that he rigged the bidding for SUNY Poly's facilities, and was released on bond and ordered to surrender his passport.

It would also amend the state constitution to require lawmakers convicted of corruption charges to surrender their pensions, make changes to the per diem system, and create a commission to examine the possibility of a pay increase for state commissioners and lawmakers.

The US, in its request, asked the Nigerian government to surrender Kashamu to be prosecuted on one count charge of a drug - related offence pending against him before the United States District Court for the Northern Illinois, Eastern Division.

Lanham, who earned $ 1.7 million working for the DOE, surrendered to federal authorities Thursday morning on mail fraud and theft charges.

Car hire for a 24 - hour period, subject to your provision of a credit card guarantee and limited to rental charges, delivery and collection of the hire vehicle, the first tank of fuel and surrender of the vehicle on arrival at your destination

If your MasterCard Debit Card is canceled for any reason, and you fail to return your MasterCard Debit Card to us within 30 days, you will be charged a surrender fee.

2 Expenses for a contract with a bonus may be higher than for a contract without a bonus, the amount of the credit may be more than offset by additional fees and charges associated with the bonus, and the surrender periods may be longer than those of a non-bonus annuity.

The claims that one can withdraw contributions without penalty is not strictly accurate, since the surrender charges penalize you for withdrawing funds before the 13th year.

The net cash value will generally be lower than your total accumulated cash value for the first several years of coverage as it's reduced by fees and surrender charges.

Variable annuities, for example, often have surrender periods during which you face charges of 5 to 9 percent for selling.

A surrender charge is a hold back amount that an insurer charges against the cash values of a life insurance policy for the first 8 to 10 years, if funds are withdrawn early.

The difference between the cash and the surrender value is that if you surrender your policy (for example, if you choose to cancel and cash out the life insurance policy), you will receive the cash value that has accumulated less any applicable surrender charges; these charges are pre-determined by the life insurance company, and are stipulated in your policy contract.

Finally, equity - indexed annuities often carry steep surrender charges, though some insurers waive them for medical reasons or other emergency expenses.

The contract term for a MYGA is actually the period during which surrender charges apply.

The market value adjustment protects the insurance company from adverse behavior by charging you for surrendering in a rising rate environment.

They aren't annuities, which will hit you with surrender charges for early withdrawals.

During the accumulation phase, there is a surrender charge period which is usually around 7 years (but can last as long as 15 years), and during this time there are penalties for early withdrawal which are in addition to any tax ramifications for early withdrawals.

In this case, the guaranteed rate will be in effect for only a few years, after which you'll earn the renewal rate until the surrender charge period ends.

Variable annuities contain fees and charges including, but not limited to, mortality and expense risk charges, sales and surrender (early withdrawal) charges, administrative fees, and charges for optional benefits and riders.

Terminal Illness / Nursing Home Care Rider After the first policy year, the withdrawal charge on withdrawals up to 50 % of the Cash Surrender Value ($ 1,000 minimum) is waived upon the occurrence of one of the following events for the Owner: (a) Terminal illness (life expectancy of 12 months or less).

Returns shown for the subaccounts for periods before their inception are derived from the historical performance of the underlying fund, adjusted to reflect the mortality, expense risk, and surrender charges applicable to this product and do not factor in the annual $ 30 contract maintenance fee.

What is the benefit of the Interest Plus + annuity over other guaranteed fixed rate annuities?The Interest Plus + annuity is designed for the consumer who desires a higher - than - average rate of return, but with the ability to access funds for any reason or amount — without incurring an excessive surrender charge.

For more detailed information, including possible surrender charges, please refer to the fact card below.