Sentences with phrase «immediate annuities allow»

Single premium immediate annuities allow you to set up an immediate, steady income stream with a one - time, lump - sum contribution that can last as long as you live.

An immediate annuity allows you to provide us a lump sum of money and receive monthly payments.

An immediate annuity allows you to provide us a lump sum of money and receive monthly payments.

A single premium immediate annuity allows you to make a lump sum payment and receive an income stream for life or for a certain period of time, typically 10 or 20 years.

Not exact matches

Thus, the only type of annuity that allows the insurance company to keep the undistributed balance of the investment when the owner passes away is a lifetime immediate income annuity account with no period certain.

Joint life annuity or Joint and Survivor annuity — As the name implies, this option allows an immediate annuity to provide joint coverage for two individuals.

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 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 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 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 annuities, which allow you to convert an investment now into payments that will start later, say, 10 or more years down the road.

These are all immediate annuity benefits that also allow you to keep your Federal Employees Health Benefits (FEHB) and Federal Employees» Group Life Insurance (FEGLI) coverages as a retiree if you have been enrolled for enough time (usually the 5 years immediately preceding your retirement) before you retire.

This immediate annuity plan is a traditional pension plan where annuity starts immediately and thus it allows the policyholder to plan for retirement.

Joint life annuity or Joint and Survivor annuity — As the name implies, this option allows an immediate annuity to provide joint coverage for two individuals.

Commute up to one - third of the benefit amount available on the termination of the policy, or to the extent allowed under the Income Tax Act, and utilize the balance amount to purchase an immediate annuity plan offered by ICICI Prudential at the then prevailing annuity rate

Commuting the maturity proceeds as a lump sum amount to the extent allowed under Income Tax act and balance amount to be utilised to purchase an immediate annuity from Future Generali India Life Insurance Co. Ltd. (FGILICL), which shall be guaranteed for life, at the then prevailing annuity rate.

Reliance immediate annuity plan: This is a single premium plan which allows you to leave some funds for your dependents.

a) Option to commute to the extent allowed under Income Tax Act and to utilize the balance amount to purchase immediate annuity with the same insurer, which will be guaranteed for life, at the then prevailing annuity rate, or

Commute to the extent allowed under Income Tax Act and utilize the balance amount to purchase immediate annuity at the then prevailing annuity rate.