An income annuity that converts a lump - sum premium payment into a stream
of income payments beginning within one year from purchase.
A first bankruptcy is automatically extended for 12 months, and you are required to continue paying your
surplus income payment for an additional 12 months.
These tools provide a stream of guaranteed lifetime
income payments for later in retirement, no matter what happens with the rest of your savings during the coming years.
After annuity
income payments begin, any death benefit payable will be based on the annuity option you have chosen.
A type of investment account that can be used to save for retirement or to generate regular
income payments in retirement.
Depending on the particular rider, the policyholder may also receive
monthly income payments at a rate of 1 percent of the full value of the policy.
You do not have to report
as income any payments you receive as reimbursement for medical care because these are presumably paid with after - tax dollars.
A type of investment account that can be used to save for retirement or to generate
regular income payments in retirement.
A contract in which an insurance company makes a series of
income payments at regular intervals in return for a premium or premiums you have paid.
Many annuity providers have been doing business for several generations and always made good on their promise of
future income payments.
Some begin
annuity income payments immediately after purchase, while others first allow for asset growth over a period of time to help your retirement savings grow.
If you do not agree to make the payments, the official receiver can apply to court for an «
income payments order» (IPO).
An annuity that provides you
with income payments for a specific period of time, such as 10 or 20 years, rather than a lifetime.
That lifetime
income payment amount is primarily based on your life expectancy at the time you start the payments.
Choose a guaranteed lifetime
income payment option for you or you and your spouse, along with additional features and benefits.
Unlike a deferred annuity, an immediate annuity permanently converts a lump sum
into income payments right when you purchase the annuity.
Several fixed and indexed annuity accounts offer income riders as a way to provide predictable
income payments during retirement.
An annuity purchased with a single premium on
which income payments begin within one year of the contract date.
A contract entered into with an insurance company where an upfront premium is exchanged for a stream of
steady income payments.
Many analysts say that those rising
bond income payments could offset the gradual decline in bond prices enough to produce positive — albeit modest — total returns.
A retirement vehicle that provides
ongoing income payments generally starting within 12 months of contract initiation.
The duration of the short - term
disability income payments, known as the benefit period, generally ranges from 3 months to 12 months.
If you're ready to see
what income payments you might be eligible for based on how much you have to invest and what options you want, use the Income Solutions tool.
If you would like to know your potential surplus
income payment try our surplus income calculator.
If you die within the specified guaranteed period, your beneficiary will receive the
remaining income payments as an income stream or lump sum.
A standard fixed annuity is an insurance contract that allows an individual to pay premiums — either in a lump sum or by monthly installments — and obtain
set income payments for life.
If it is a covered incident, medical and
lost income payments are made as soon as possible, and you deal only with your insurance company.