Sentences with phrase «guaranteed period annuity»

c) Guaranteed period annuity: In this type of annuity plan the annuitant is paid annuity for a guaranteed period of say 5/10/15 / 20 years and life thereafter.

Then, you can opt for a guaranteed period annuity and opt to receive the annuity for a fixed number of years.

Guaranteed period annuity — Here, the annuitant receives the annuity for a fixed number of years, say 10, 15 or 20 years.

When the payout made to the customer is a fixed sum for a certain number of years, it is called a fixed annuity or annuity certain.In guaranteed period annuity, the period for which the payment will be made is decided.

Not exact matches

When you purchase this type of annuity, your future income amount is guaranteed to increase on each contract anniversary for a set period of time or until your first lifetime withdrawal, whichever comes first.

The SecureFore series is a multi-year guaranteed annuity (MYGA) designed to help you add more stability and predictability to your fixed annuity strategy by locking in the current interest crediting rate for an initial period:

The guaranteed payout on the deferred income annuities could be 8 percent (for instance, 8 percent of a $ 100,000 single premium) once the income period starts, he says.

If you die during the guarantee period, the annuity will continue to make income payments until the end of the selected guarantee period or you could select that the remaining payments are paid as a lump sum (this option is not permitted where the guarantee period is 10 years).

The SecureFore series is a multi-year guaranteed annuity (MYGA) designed to help you add more stability and predictability to your fixed annuity strategy by locking in the current interest crediting rate for an initial period:

Fixed annuities offer guaranteed interest rates with income options for a certain period or even lifetime.

This can mean adding an annuity, which guarantees a set monthly payment for a set period of time (often for life).

ForeCertain is a single - premium income annuity, which in basic terms means it's a product that converts an amount of savings into a guaranteed income stream based on three things: when you want the income to start, how long you want it to last — for a set period, your lifetime, or a combination of the two — and if you want the income alone or jointly with another, typically a spouse.

Expense guarantee: Guarantee by an insurer that expense factors will not change during the payout period on anguarantee: Guarantee by an insurer that expense factors will not change during the payout period on anGuarantee by an insurer that expense factors will not change during the payout period on an annuity.

If he happens to die before the guaranteed period ends, then the annuity would go to the beneficiaries he has designated.

ForeAccumulation fixed index annuity includes a Guaranteed Minimum Accumulation Value (GMAV).2 This value has the potential to increase your contract value at the earlier of the first owner's death or at the end of the chosen withdrawal charge period, assuming no withdrawals have been taken.

In our example, Patricia could buy a $ 300,000 annuity at age 65 and generate a yearly payout of $ 15,040 for life, based on a recent quote provided by Cannex Financial Exchanges Ltd. (This particular annuity includes annual payout increases of 2 % designed to compensate for inflation and a 10 - year guarantee period.)

You can choose whether to receive guaranteed payments for life, for a set period of time — or both.Guarantees apply to certain insurance and annuity products and are subject to product terms, exclusions and limitations and the insurer's claims - paying ability and financial strength.

Your client may choose a 3, 5, 7 or 10 - year initial interest rate guarantee period and receive the rate in effect at the time they buy the annuity for the entire length of the guarantee period.

For example, if you choose the «life payments with 10 - year period certain» option, your annuity is guaranteed make payments to your or your beneficiary for at least 10 years.

Fixed annuities are tax - deferred * retirement vehicles issued by insurance companies that grow at a guaranteed rate and offer you the opportunity to turn some or all of your savings into guaranteed income payments for life, or for a set period.

Period certain annuity — This type of immediate annuity guarantees that the contract pays out for a certain period ofPeriod certain annuity — This type of immediate annuity guarantees that the contract pays out for a certain period ofperiod of time.

Variable annuities with a guaranteed lifetime benefit rider can be an important part of your retirement income plan, providing guaranteed income for a specific period of time or the rest of your life.

Investing in an annuity offered by Wells Fargo can provide guaranteed income for a specific period of time or for the rest of your life.

Fixed annuities may have a higher initial interest rate, which is guaranteed for a limited time period only.

Income guarantees are established for a set period of time, and payouts continue no matter how long the annuity holder lives.

At the beginning of the index term that follows the end of the Marketing Value Adjustment (MVA) period, the annuity fund value is assured to reach the guaranteed minimum accumulation value, which is 105 %, 107 % and 110 % of original premium (net of withdrawals and applicable surrender charges) for the ISA 5, ISA 7 and ISA 10 respectively.

The key downside of annuities is that while they last for life they won't leave anything to your heirs (beyond any guarantee period).

You can guarantee your annuity for a specific number of years which means we'll continue to pay the income even if you die before the specified period is up.

Thus, all annuities have an annuity start date (ASD) which is when the income stream that is guaranteed for a specified period of time begins (based upon when the sum of money is «converted»).

With this type of annuity, your money will grow at a guaranteed interest rate for a set period of time.

One option is to buy an annuity that will guarantee payments for a specific period of time, such as 10 or 15 years, so that if you die within the guarantee period, the payments continue to your beneficiary.

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.

As a result, over the last few years, some annuities have been introduced that not only have a set guarantee period but also provide individuals with access to a lump sum cash advance of the future guaranteed payments.

Peter likes the fact that the annuity has a 15 - year guaranteed period, which means his wife Christine will receive a payment if he dies during that period.

Then they use the remaining $ 499,134 to buy a joint life prescribed annuity with no reduction on the first death and a 5 year guarantee period.

If you die during the guarantee period, the annuity will continue to make income payments until the end of the selected guarantee period or you could select the remaining payments are paid as a lump sum (this option is not permitted where the guarantee period is 10 years).

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.

Peter likes that the annuity has a 15 year guaranteed period, which ensures his wife Christine will receive his income payment for a while should he die during that period.

A major disadvantage is that once you buy an annuity, the money is committed (although some annuities have guarantee periods).

An annuity pays you a guaranteed income for a set period of time.

Immediate fixed income annuities offer a guaranteed, 3 predictable payment for life, or for a certain period of time.

With a fixed deferred annuity, a guaranteed interest rate is locked in for an initial period.

The sole purpose of an annuity is to convert a lump sum payment (or series of payments) into a stream of income that is guaranteed for set period of time (usually the life of the contract owner or another chosen person referred to as the annuitant).

According to Ivon Hughes of Montreal - based LifeAnnuities.com, a healthy 65 - year - old male not wanting a guarantee period would get $ 531.49 monthly income from a $ 100,000 registered annuity.

A $ 100,000 non-registered annuity without a guarantee period pays out $ 509.97 at 65, $ 606.12 if acquired at 71, and $ 789.03 at age 80.

When you purchase this type of annuity, your future income amount is guaranteed to increase on each contract anniversary for a set period of time or until your first lifetime withdrawal, whichever comes first.

Income annuities with short deferral periods provide a future guaranteed retirement income stream.

For example, in a life annuity, periodic payments would be made for the longer of either: (1) the guaranteed period, to the individual or a beneficiary, or (2) the life of the individual.

Fixed Rate Annuities are also called Multi Year Guarantee Annuities (MYGAs) and offer a contractually guaranteed annual yield for a specific period of time.

When you buy an annuity, you deposit a lump sum of money, and the insurance company agrees to pay you a guaranteed income for a set period of time — or for the rest of your life.