Sentences with phrase «immediate need annuities»

While the sales of life insurance products are currently suspended, Genworth still offers long - term care insurance protection and mortgage insurance, as well as immediate need annuities.

With an immediate need annuity, you don't have to worry about outliving your money because the monthly payments continue for the length of your life.

The immediate need annuity product from Genworth offers a lifetime stream of income, which can help to alleviate the worry of running out of income in retirement.

Not exact matches

Just to be clear, though, not everyone needs an immediate annuity.

Once you've selected the type of immediate annuity that you want, you'll need to decide how long you want to receive payouts.

The immediate pay fixed annuity, if you simply need lifetime income and need to convert a savings or certain amount of money into a stream of income, rather than a holding of savings, and for life.

Similarly, if your nest egg is large enough so that your chances of running through it in your lifetime are very low or negligible, then you also may not need any type of guaranteed income beyond Social Security, in which case you simply may not have to devote any of your assets to a longevity annuity or an immediate annuity.

If the amount of guaranteed income you'll receive from Social Security and any pensions is enough to cover all or most of your basic living expenses in retirement, then you may not need an immediate annuity.

Just to be clear, though, not everyone needs an immediate annuity.

To be sure, both immediate and longevity annuities come with restrictions you need to be aware of.

However, if you need income now or you know you will soon, an immediate annuity may be an excellent option for you.

There are other details that I think he mangles, but in his main thrust he is correct in both chapters to steer people away from any annuity aside from immediate annuities for those who need income.

Our platform provides free, no - obligation quotes on single premium immediate annuities, which are products designed to help people meet their immediate income needs

Indeed, if Social Security (which is also essentially an annuity) is enough to cover all or most of your living expenses, you may not need an immediate annuity at all.

Whether your needs are immediate or long - term, you can choose the type of annuity whose features work for your situation:

At first glance, I'd say you probably don't need to put any of your savings into an immediate annuity, a type of investment that converts a lump sum into guaranteed monthly payments for life.

Which is why even if you decide an immediate annuity is right for you, you want to be sure you have plenty of other savings invested in stocks, bonds and cash equivalents that can provide capital growth to maintain purchasing power and provide extra cash should you need it for emergencies and such.

Among the issues you'll need to consider as you create an income plan: How much you'll receive from Social Security and whether you should you consider delaying claiming your Social Security benefit to boost the size of your check; how much of your nest egg's value can you withdraw each year without incurring too big a risk of running out of money before you run out of time; and whether you should devote a portion of your savings to an immediate annuity or a longevity annuity, so you'll have a another source of guaranteed lifetime income in addition to Social Security.

Imagine thinking you had your future retirement needs guaranteed in 1970 by buying an immediate annuity paying $ 5,081.

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.

An immediate annuity was exactly what I needed to feel secure when I retired.

You'll also need to weigh annuities» downsides, the biggest being that you lose access to the money you invest in an immediate or longevity annuity and you may not receive much in payments if you die soon after they begin.

State Life makes sure that its policyholders receive what they need, may it be the whole firm structure of the life insurance, deferred fixed interest or immediate annuities.

An immediate income annuity may be worth considering if you are nearing or already in retirement; want the security of guaranteed, predictable income; and need that income to start right away.

If you think you might need that money down the road and you have limited additional liquid assets, an immediate income annuity is probably not the best choice for you.

If someone is nearing his retirement or in his retirement and has a lump sum amount to invest, he can invest his money in an immediate annuity insurance and choose to receive an income when he needs that most.

Also, one can convert his deferred annuity insurance into an immediate annuity insurance later, if he needs to do so.

Their annuities range from immediate options to those that address long term needs of financial savings.

However, many people who have already retired and need annuity income right away opt for immediate annuities, which skip the accumulation phase and begin to issue payments as soon as you invest in the contract.

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

The immediate annuity plans generally require a single premium that is paid at the beginning of the policy, while deferred plans need regular premiums that are paid to build up a retirement corpus for the future.

We at Bajaj Allianz Life Insurance understand this need of maintaining a lifestyle even after retirement and offer a group immediate annuity plan that provides assured regular income (pension) to your member after his / her retirement.

According to IRDA, customers need to purchase immediate annuity from the proceeds of the pension plan from the same company.

Establishing an immediate annuity, if you are already in your retirement years, to both protect your existing assets and provide for ongoing cost of living needs.

This type of immediate annuity pays the annuitant for a designated number of years (i.e., a period certain) and is used to fund a need that will end when the period is up (for example, it might be used to fund the premiums for a term life insurance policy).

· Is a non-linked, non-participating immediate annuity plan that ensures guaranteed lifetime income for your needs.

Basis the need and requirement, you may choose the annuity type out of immediate annuity or deferred annuity pension plan.

Aegon Life Insta Pension Plan is a non-linked, non-participating, single premium immediate annuity plan that gives you immediate pension to take care of your basic needs.

It also provides 5 immediate annuity options that are designed to meet your needs.

An immediate annuity can help you address the longevity need, by paying an annuity for life.