Sentences with phrase «guaranteed monthly payments until»

Even after controlling for total wealth, the security offered by DB plans — those guaranteed monthly payments until death — lead people to retire 1 - 2 years earlier than they would with 401k plans.

Not that long ago, both groups were likely to have access to defined benefit pension plans that guaranteed monthly payments until death.

Not exact matches

Start receiving guaranteed Monthly income after the completion of the Premium payment term, until Maturity, provided the policy is still in force.

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.

You start receiving Guaranteed Monthly Income after the completion of the Premium Payment Term, until Maturity, provided the policy is in force.

I was never told until a month or so ago that because I increased the value of the policy that I could no longer have a guaranteed monthly payment that would carry the policy for life.