Sentences with phrase «immediate annuity payments»

The company offers one pension plan that offers immediate annuity payments to take care of basic financial needs.

The Income Escalator option guarantees that the immediate annuity payments you receive will increase by 3 % every year.

For example, if you attached a COLA of 3 % to your immediate annuity payment, your income would contractually increase by 3 % annually for the rest of your life.

Non-life contingent annuity applies to an immediate annuity payment option.

Not exact matches

Which is why I contend it makes more sense to think of an immediate annuity as part of a comprehensive retirement income plan that works as follows: Put a portion of your savings into the annuity and opt for the highest monthly payment.

Some immediate annuities attempt to address such issues by offering limited access to a portion of your investment while you're still alive or by stipulating that the annuity will make payments for a certain number of years (five, 10 or whatever) whether you're still living or not.

The premise behind an immediate annuity is simple: You invest a lump sum of money with an insurance company (although you would actually do so through an adviser, a broker or insurance agent) and in return you receive a guaranteed monthly payment for life regardless of how the financial markets perform.

In an immediate annuity, the purchaser gives an insurance company a lump sum of cash and receives payments until they die.

With an immediate annuity, you pay a lump sum and usually begin receiving payments 30 days after you've invested your money.

Depending on the type of immediate annuity you buy, payments can be distributed on a monthly, quarterly or annual basis.

The amount of income you receive from an immediate annuity depends on factors such as your age, gender and the length of your payment period.

You can also buy an inflation - indexed immediate annuity so that your payments are indexed based on the inflation rate.

However, income annuities (sometimes referred to as «immediate annuities» or «deferred income annuities,» depending on when income payments begin) do offer a predictable guaranteed stream of income that you can't outlive.

If, on the other hand, your Social Security and any pension payments fall well short of covering your essential expenses, then you might want to consider closing or narrowing that gap by devoting some, but not all, of your nest egg to an immediate annuity that can generate additional lifetime income.

With fixed immediate annuities, the payment is based on a specified interest rate.

For example, a 65 - year - old man who invests $ 100,000 today would receive a fixed payment of roughly $ 540 a month for life with a regular immediate annuity vs. an initial payment of $ 375 with an inflation - adjusted annuity (although that smaller payment would rise with inflation over time).

And while the monthly payments the group received in the scenarios above could vary from month to month based on investment earnings and whether or not someone died, an insurer's immediate annuity states in advance how much you'll receive each month (although some immediate annuities may increase their payments based on the inflation rate or other factors).

But what really differentiates an immediate annuity from the example above is that no group of people pooling their assets can guarantee that they'll receive a scheduled payment as long as they live.

When insurers set payment levels for an immediate annuity, by contrast, state regulators require that they set aside reserves to assure they can make scheduled payments even if their actuaries» and investment analysts» projections are off.

Like an immediate annuity, a longevity annuity provides guaranteed income for life, except that while you invest your money now, the payments don't begin until later, typically much later, say, 10 to 20 years in the future.

The premise behind an immediate annuity is simple: you give an insurer a lump sum in return for monthly payments that start at once and continue the rest of your life.

Unlike a deferred annuity, an immediate annuity has no accumulation period — an investor simply pays the insurance company a lump sum, and then receives the stream of payments for the set time period.

With an immediate annuity, you hand over a sum of money to an insurer in return for guaranteed monthly payments that start at once and continue for the rest of your life.

To get highest monthly payment from an immediate annuity or a longevity annuity, you give up access to the funds you invest in the annuity.

(To see how much you might receive from an immediate or longevity annuity investing different amounts at different ages, you can check out this annuity payment calculator.)

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

Even if you decide you're more inclined to go with the annuity, you should first determine whether the monthly payments you'll receive from your pension will be higher than what you could get by taking the lump sum, rolling it into an IRA and then buying an immediate annuity within that IRA that will make lifetime payments.

A 65 - year - old man who invests, say, $ 100,000 in an immediate annuity today would receive about $ 550 a month for life; a 65 - year - old woman would get about $ 530 a month; and a 65 - year - 0ld man - and - woman couple would receive monthly payments of $ 470 as long as either is alive.

An immediate annuity is a contract between you and an annuity issuer (an insurance company) to which you pay a single lump sum of cash in exchange for the issuer's promise to make payments to you (or the annuitant) for a fixed period of time or for the life of the annuitant.

And whether you purchase a fixed or variable immediate annuity, you're guaranteed to receive payments for life if you elected that payout option, no matter how long you live.

When you sign an immediate life annuity, the insurance company guarantees a certain payment over your lifetime.

With an immediate annuity, you can choose a guaranteed return of premium payout option that will ensure the payments will continue to a beneficiary.

If you go to an immediate annuity calculator, you'll find that at today's interest rates forking over $ 100,000 to an insurer for an immediate annuity would provide guaranteed lifetime payments of about $ 540 a month for a man that age.

Ask them for payout levels on inflation - adjusted immediate annuities, and watch your jaw drop as you see how relatively low the payments are.

Yes, if you are old enough, when you buy an immediate annuity, the annual payment may be 7 % or more than the amount that you gave to the insurance company.

A SPIA, or single premium immediate annuity, is designed to generate instant income during retirement by taking a lump sum of money and converting it into systematic payments that continue for a specified period of time or for the life of the insured individual.

All else equal, annuity payments are smaller when interest rates are low as is the case today (which no doubt accounts for the fact that immediate annuity sales have been declining lately, falling almost 20 % the first half of this year).

The upshot, though, is that unless you're willing to take on more investing risk — which also means accepting the possibility of running through your money while you're still alive — it's very unlikely that you can match an immediate annuity's guarantee of lifetime payments, which includes that extra bit of income that mortality credits provide.

You can see how much you might receive each month from an immediate or longevity annuity based on your age, sex, how much you're willing to invest and when you want payments to begin by going the annuity payment calculator at Immediateannuities.com.

With an immediate annuity, for example, you invest a lump sum with an insurer in return for monthly payments that start at once and continue as long as you live.

An «immediate annuity» can provide a payout beginning immediately after an initial premium payment.

Lump sum payments are only used for immediate annuities because multiple payments are not practical with no accumulation phase.

The lump sum premium payment is an attribute of immediate annuities and ALSO means that they fall into the category of non-qualified annuities as compared to qualified annuities.

The first choice is that of taking a single payment; the second is selecting a series of monthly payments; and the third is purchasing a single premium immediate annuity from MetLife.

The investment options may provide you with potentially more income than immediate fixed annuities, but your income payments will be subject to market fluctuation.

An immediate annuity provides payments consisting of principal and interest — so long as the interest is used to pay for the LTC policy, then it would not be taxed as ordinary income.

If you decide you want to put a portion of your savings into an immediate annuity or a longevity annuity, make sure to get quotes from several insurers, as payments can easily vary from one company to another by 8 % to 10 %.

Or you might consider devoting a portion of your savings to an immediate annuity, a type of investment that can provide guaranteed monthly payments for as long as you live.

Take an immediate annuity that pays $ 67 a month for life with a 100 % survivor payment for my wife.

So, for example, a 65 - year - old man who invests $ 100,000 in an immediate annuity today might receive a payment of $ 555 a month guaranteed for life.