Sentences with phrase «guaranteed withdrawal payments»

The lineup includes a Structured Investment Option, which offers your employees the potential for market gains up to a specified limit along with some protection against some market losses.4 We also offer the Personal Income BenefitSM, a «pension - like» benefit that provides guaranteed withdrawal payments for life and may help employees address inflation, longevity, and market volatility concerns.5

Not exact matches

If the employee dies before starting Guaranteed Annual Withdrawal Amount payments, or if he or she started payments on a Single - Life basis, the beneficiary would receive the PIB AXA Balanced Strategy account value.

Employees can start taking Guaranteed Annual Withdrawal Amount payments any time after they reach age 59 1/2 and have separated from service.

The Guaranteed Annual Withdrawal Amount is the amount your employees can receive in income each year once they begin taking payments.

Since Guaranteed Annual Withdrawal Amount payments are not cumulative, employees can not carry forward any amount they don't take in a particular year.

Early withdrawals are withdrawals taken from the Personal Income Benefit variable investment options before an employee has elected to begin receiving Guaranteed Annual Withdrawal Amount payments.

Their Guaranteed Annual Withdrawal Amount payments can increase based on:

Once employees begin taking Guaranteed Annual Withdrawal Amount payments, no additional contributions can be made to the Personal Income Benefit.

If an employee dies before starting Guaranteed Annual Withdrawal Amount payments, or if he or she started payments on a Single - Life basis, the beneficiary would receive the Personal Income Benefit account value.

Together, the figures from those three categories — guaranteed income plus Social Security, withdrawals from savings and investments, and payments from other income sources — will help provide an approximation of total annual retirement income.

Here's an example: At your age 55, you deposit $ 100,000 into a deferred annuity with a GLWB rider that guarantees a «roll up» interest rate (on the «benefit base», on which the withdrawal payments are calculated) of 7.2 %, compounded for ten years (which is the same as 10 % simple interest).

As long as you don't exceed your MAWA, you'll receive guaranteed payments for life even if withdrawals deplete the accumulated value.

When you hear about «guaranteed death benefits» (a benefit for beneficiaries should the annuitant die before payments begin) and «income guarantees» or «guaranteed withdrawal benefits,» remember to read the fine print to see how they actually work.

Annuities When you convert your RRSP to an annuity (a type of insurance product that guarantees you a fixed income for life), the payments are taxable, just like withdrawals from a RRIF.

The one exception I'm aware of is payments made under the Guaranteed Lifetime WITHDRAWAL Benefit of Lincoln National's «IForLife» product.

Additionally, the GFI contract does not permit withdrawals prior to the income start date, and guarantees income payments at least as long as the annuitant is living, provided the annuitant is alive on the designated income start date.

This means when a deposit matures and is redeemed, or the annuitant dies, a top - up payment is made (less any previous withdrawals and fees) if the market value is less than the guaranteed amount.

Additionally, the GFI contract does not permit withdrawals prior to the income start date, and guarantees income payments at least as long as the annuitant is living, provided the annuitant is alive on the designated income start date.

Additionally, the Guaranteed Future Income Annuity contract does not permit withdrawals prior to the income start date, and guarantees income payments at least as long as the annuitant is living, provided the annuitant is alive on the designated income start date.

For example, the guaranteed minimum might be your account value as of a specified date, which may be greater than purchase payments minus withdrawals if the underlying investment options have performed well.

If you die, a person you select as a beneficiary (such as your spouse or child) will receive the greater of: (i) all the money in your account, or (ii) some guaranteed minimum (such as all purchase payments minus prior withdrawals).

Guaranteed - for - life income benefit (a guarantee similar to a withdrawal benefit, where withdrawals begin and continue until cash value becomes zero, withdrawals stop when cash value is zero and then annuitization occurs on the guaranteed benefit amount for a payment amount that is not determined until annuitizatGuaranteed - for - life income benefit (a guarantee similar to a withdrawal benefit, where withdrawals begin and continue until cash value becomes zero, withdrawals stop when cash value is zero and then annuitization occurs on the guaranteed benefit amount for a payment amount that is not determined until annuitizatguaranteed benefit amount for a payment amount that is not determined until annuitization date.)