Sentences with phrase «guarantee immediate payment»

Having a qualifying need for the use of your policy does not guarantee immediate payment of benefits since most Long Term Care policies have a waiting period, also called an elimination period.

Not exact matches

The premise behind an immediate annuity is simple: You invest a lump sum of money with an insurance company (although you would actually do so through an adviser, a broker or insurance agent) and in return you receive a guaranteed monthly payment for life regardless of how the financial markets perform.

However, income annuities (sometimes referred to as «immediate annuities» or «deferred income annuities,» depending on when income payments begin) do offer a predictable guaranteed stream of income that you can't outlive.

We guarantee our price sells cars we guarantee you financing and immediate approval we guarantee low down payments starting from we guarantee a good selection...

But what really differentiates an immediate annuity from the example above is that no group of people pooling their assets can guarantee that they'll receive a scheduled payment as long as they live.

Like an immediate annuity, a longevity annuity provides guaranteed income for life, except that while you invest your money now, the payments don't begin until later, typically much later, say, 10 to 20 years in the future.

With an immediate annuity, you hand over a sum of money to an insurer in return for guaranteed monthly payments that start at once and continue for the rest of your life.

And whether you purchase a fixed or variable immediate annuity, you're guaranteed to receive payments for life if you elected that payout option, no matter how long you live.

When you sign an immediate life annuity, the insurance company guarantees a certain payment over your lifetime.

With an immediate annuity, you can choose a guaranteed return of premium payout option that will ensure the payments will continue to a beneficiary.

If you go to an immediate annuity calculator, you'll find that at today's interest rates forking over $ 100,000 to an insurer for an immediate annuity would provide guaranteed lifetime payments of about $ 540 a month for a man that age.

The upshot, though, is that unless you're willing to take on more investing risk — which also means accepting the possibility of running through your money while you're still alive — it's very unlikely that you can match an immediate annuity's guarantee of lifetime payments, which includes that extra bit of income that mortality credits provide.

Or you might consider devoting a portion of your savings to an immediate annuity, a type of investment that can provide guaranteed monthly payments for as long as you live.

So, for example, a 65 - year - old man who invests $ 100,000 in an immediate annuity today might receive a payment of $ 555 a month guaranteed for life.

A longevity annuity works much like an immediate annuity in that you turn over a portion of your savings to an insurer for the guarantee of lifetime monthly payments.

The Income Escalator option guarantees that the immediate annuity payments you receive will increase by 3 % every year.

And if you decide that you would like more guaranteed lifetime income than Social Security alone will provide, you can always consider converting a portion of your nest egg to an immediate annuity in return for lifetime monthly payments.

A 65 - old - man who invests $ 100,000 of his savings in an immediate annuity today would receive guaranteed payments of about $ 545 a month for life, a 65 - year - old woman would get about $ 510 a month and a 65 - year - 0ld couple (man and woman) would receive $ 450 a month, a payment that would continue as long as either one was alive.

At first glance, I'd say you probably don't need to put any of your savings into an immediate annuity, a type of investment that converts a lump sum into guaranteed monthly payments for life.

Though it is child education plan, it also guarantees an immediate lump sum payment on the policy holder's death.

You hand over a lump sum to an insurer and begin receiving guaranteed monthly payments for the rest of your life immediately with an immediate annuity or, in the case of a longevity annuity, payments that start at later time, say, 10 or 15 years after you retire.

A longevity annuity is similar to an immediate annuity in that you hand over a portion of your savings to an insurer for the guarantee of lifetime monthly payments, but there's an important difference: even though you invest your money now, a longevity annuity doesn't begin making payments until later, often 10, 15 or even 20 years in the future.

Your adviser could then compare that strategy to other options, such as devoting not all but a portion of your nest egg to an immediate annuity, a type of annuity that in return for a lump sum of cash guarantees monthly payments for the rest of your life.

But if your Social Security payments fall well short of providing you with sufficient assured income to cover basic expenses — or, if you just prefer the emotional comfort of having a larger cushion of guaranteed income — then you may want to consider devoting a portion of your savings to an immediate annuity.

Annuities certainly aren't for everyone, but generally I think people who feel they need more guaranteed income than Social Security alone can provide should consider putting some (but not all) of their savings into two types of annuities that are relatively easy to understand and evaluate: immediate annuities, which convert a lump sum of savings into monthly payments that begin immediately, and longevity annuities, which allow you to convert an investment now into payments that will start later, say, 10 or more years down the road.

She is asking you how much should she invest from her retirement savings into an immediate annuity so that she is guaranteed a $ 1000 monthly payment?

Seniors who are seeking an immediate payment that will be guaranteed for life may benefit from an immediate annuity for this purpose.

You hand over a lump sum to an insurer in return for the insurer's promise to pay you guaranteed monthly payments for life that start at once (immediate annuity) or at some point in the future (longevity annuity).

Guaranteed Income Payments: Fixed annuities may be converted to an immediate annuity at any time to generate a guaranteed income payout for a specified period of time or for the life of the Guaranteed Income Payments: Fixed annuities may be converted to an immediate annuity at any time to generate a guaranteed income payout for a specified period of time or for the life of the guaranteed income payout for a specified period of time or for the life of the annuitant.

And AARP's immediate annuity, which converts a lump - sum payment into guaranteed monthly income for lifelong, generates a lesser payment stream than an investor 75 or younger might get elsewhere.

This policy provides immediate cash value, flexible payment plans, tax deferred savings, and guaranteed death benefits.

Because some investors get queasy about a variable annuity's unpredictable payouts, some immediate VAs guarantee a percentage of your first payment.