Sentences with phrase «guaranteed withdrawals for»

With this product, an individual or a couple may choose to receive guaranteed withdrawals for life, as well as an enhanced death benefit should the owner or annuitant die.

So you can «live» with guaranteed withdrawals for lifetime income and still have the potential to «give» a legacy through death benefit proceeds equal to the amount of premium you invested, subject to the benefit guidelines.

So you can «live» with guaranteed withdrawals for lifetime income and still have the potential to «give» a legacy through death benefit proceeds equal to the amount of premium you invested, subject to the benefit guidelines.

Not exact matches

the EU wants «reciprocal» and legal «enforceable» guarantees for all EU citizens who find their rights to live in Britain affected after a cutoff on the date of withdrawal

For example, taking withdrawals from your investment portfolio doesn't guarantee income for life, but gives you the flexibility to change the amount you withdraw each monFor example, taking withdrawals from your investment portfolio doesn't guarantee income for life, but gives you the flexibility to change the amount you withdraw each monfor life, but gives you the flexibility to change the amount you withdraw each month.

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.

In addition to helping you save for retirement, the Vanguard Variable Annuity also can provide you with dependable cash flow during retirement if you choose the Guaranteed Lifetime Withdrawal Benefit rider.

I congratulate the Prime Minister on what has been achieved thus far, which we must hope will translate into mutually beneficial withdrawal and trade agreements, but given that that can not be guaranteed, will she give instructions for the sum set aside by the Chancellor in his Budget last month to be expended on upgrading our customs infrastructure, in order to secure smooth international trade after Brexit and reassure business in this country?

Product development last year was muted as low interest rates made it difficult for companies to tweak lifetime guarantee withdrawals, step up benefits and the adjust fees charged by insurers.

Daily 7 guarantees a 7 % minimum amount of growth of the Withdrawal Base applied for income calculation each year, for up to 15 years or until your first wWithdrawal Base applied for income calculation each year, for up to 15 years or until your first withdrawalwithdrawal.

Daily +5 guarantees 5 % growth in addition to the market step - ups for up to 15 years or until your first withdrawal.

These challenges will make it more difficult to guarantee anonymity for participants, provide information to satisfy the requirements of informed consent, and ensure complete withdrawal from research when requested.

Daily 7 guarantees a 7 % minimum amount of growth of the Withdrawal Base applied for income calculation each year, for up to 15 years or until your first wWithdrawal Base applied for income calculation each year, for up to 15 years or until your first withdrawalwithdrawal.

Daily +5 guarantees 5 % growth in addition to the market step - ups for up to 15 years or until your first withdrawal.

If the account value reduces to zero due to market performance or an allowable withdrawal, you can elect to receive income for 1 or 2 lives based on the applicable Lifetime Guarantee Rate.

The impact of RRSP withdrawals on clawbacks is even more severe at the other end of the income spectrum, where seniors may qualify for the Guaranteed Income Supplement: GIS.

A more complicated arrangement is what is known as a variable annuity with guaranteed minimum withdrawal benefits for life.

Withdrawals also do not affect eligibility for income - tested benefits and credits, such as Old Age Security, the Guaranteed Income Supplement, and the Canada Child Tax Benefit.

But, for the Fixed Indexed Annuity in Option 1, any withdrawals made above the allowable amount will substantially reduce the guarantee income benefit and cancel the guarantee that it continues for life.

It would be nice for budgeting purposes if you could set an inflation - adjusted withdrawal schedule that would guarantee your money will last exactly as long as you do.

The features include systematic withdrawal plans that guarantee a minimum income for a period, and the ability to convert the best value of the policy into lifetime income.

To do that, you'll want to go through a rigorous retirement - income planning process that starts with thinking seriously about how you'll live in retirement and then moves on to such tasks as making a retirement budget; assessing different strategies for claiming Social Security benefits; considering whether you want more guaranteed income than Social Security alone offers (which is where an annuity might play a role); and, settling on a withdrawal rate that has a reasonable shot at making your savings last as long as you do.

The Personal Income BenefitSM feature allows for a guaranteed steady stream of withdrawals that will continue throughout your retirement, regardless of market volatility, inflation, or even how long you live.

«Another drawback for Sonia,» he says, «is that the RRSP withdrawals are likely to limit her entitlement to the Guaranteed Income Supplement for low - income seniors at age 65, as well as limiting other federal and provincial tax credits.»

90 % of premium, adjusted for withdrawals, accumulated at the contract's guaranteed minimum interest rate

Adding what's called a guaranteed lifetime withdrawal benefit feature to a variable annuity can introduce some protection for future income.

Guaranteed minimum withdrawal benefits (GMWBs) guarantee the ability to withdraw a certain percentage of your initial investment for a set number of years or for the rest of your life.

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).

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.

In most jurisdictions, the rider form numbers for the Guaranteed Lifetime Withdrawal Benefit Rider are ICC14 - R101 (book value) and ICC14 - R102 (MVA); in some states, they may be 214 - R101 (book value) and 214 - R102 (MVA), and state variations may apply.

Neither income earned in your TFSA, nor withdrawals, will affect your eligibility for types of benefits from the Federal Government such as the Canada Child Tax Benefit, Old Age Security (OAS) and the Guaranteed Income Supplement (GIS) or credits such as the Age Credit.

Not only is it non-taxable upon withdrawal, but any person over 18 years of age can contribute and there also is no age limit to when you can contribute, and it will not affect your eligibility for federal income - tested benefits and credits such as: Old Age Security, Guaranteed Income Supplement, and the Child Tax Benefit.

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.

Alaska and New Jersey will renew for a 1 - year Guarantee Period with no withdrawal charge.

Investing a portion of your assets in an immediate annuity can provide additional guaranteed lifetime income, giving you more flexibility for making withdrawals from savings.

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

The Liberals had said during the campaign that they had no plans to count withdrawals when it comes to income testing for programs like Old Age Security or the Guaranteed Income Supplement.

Secure Income ™ — the optional Guaranteed Lifetime Withdrawal Benefit (GLWB) rider — can help ensure that you'll have the retirement income you need for the rest of your life.

Annuities do not provide the flexibility or adjustable withdrawals of direct portfolio management, but they are guaranteed to pay out for the rest of the retirees» lives — always providing them with some level of income.

The rate on 1 - year cashable GICs is guaranteed for one year, but you can access the funds (in whole or in part) any time after 30 days without penalty, subject to a minimum withdrawal amount and maintaining a minimum remaining balance of $ 1,000 for TD Direct Investing non-registered and TFSA investment accounts and $ 500 for TD Direct Investing RSP, RIF, RESP and RDSP investment accounts.

The rate on a 1 - Year U.S. Dollar cashable GIC is guaranteed for one year, but you can access the funds (in whole or in part) any time after 30 days without penalty, subject to a minimum withdrawal amount and a minimum remaining balance of $ 1,000 for TD Direct Investing non-registered investment accounts.

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.

Obviously, it's no guarantee that a four - percent withdrawal rate will hold up in the future, but it's enough for me to continue suggesting that you're financially independent once your savings reaches 25 times your annual spending.

It seems to me deciding between the 3 % guaranteed fund and a 1.55 % CD depends on tax penalties for early withdrawal.

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.

Let's assume I pose the following set of facts: 1) I need to plan for a 60 year retirement, 2) I want to have at the end of Year 60 100 % of my original balance (inflation adjusted obviously), 3) Only 10 % of my savings / investments is in tax deferred accounts (e.g., the bulk are in a taxable accounts), 4) I need a 6 % withdrawal rate pre-tax, and 5) I am indifferent to strategy (VII, etc) and asset choices (annuity vs. dividend blend vs. income, etc) but to guarantee the goals above.

The withdrawal base does not establish or guarantee policy value, surrender value, minimum death benefit, or return for an investment option.

Another feature provides a guaranteed withdrawal benefit for life in an optional rider available for an additional fee.

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

Another feature provides a guaranteed withdrawal benefit for life as an optional feature available for an additional fee.