Sentences with phrase «into annuity phase»

He has the option to extend the accumulation phase, utilize the entire proceeds to purchase a single premium deferred pension plan, commute the benefits or enter into annuity phase.

He has the option to extend the accumulation period, enter into a new single pay deferred pension plan, commute to the extent allowed, or enter into an annuity phase.

Not exact matches

During the distribution phase of the contract, an fixed annuity can be converted into a series of income payments for your entire lifetime, over a set time period — or one lump - sum payment.

During the distribution phase of the contract, a fixed annuity can be converted into a series of income payments for your entire lifetime, over a set time period — or one lump - sum payment.

During the distribution phase of the contract, a variable annuity can be converted into a series of income payments for your entire lifetime, over a set time period — or one lump - sum payment.

Variable annuities provide that the premium is deposited into a separate account from the company's general portfolio account during the accumulation phase.

During the accumulation phase of a variable annuity, money paid into the contract (called a premium) is allocated to investment portfolios (called subaccounts) where earnings have the potential to grow tax - deferred.

This type of annuity has two main phases, the savings and planning phase in which you invest money into the account, and the income phase in which the plan is converted into an annuity and payments are received.

Perhaps the biggest advantage to an annuity is that you pay no taxes on the income and investment gains of funds placed into an annuity during the accumulation phase of a deferred annuity.

In the case of unit - linked pension or annuity products, the new rules bar any partial withdrawal during the accumulation phase and the insurer is required to convert the accumulated fund value into an annuity at the vesting date.

This type of annuity has two main phases: the savings phase in which you invest money into the account, and the income phase in which the plan is converted into an annuity and payments are received.

The phase in which you pay into your annuity.

There are two possible phases for an annuity, one phase in which the customer deposits and accumulates money into an account (the deferral phase), and another phase in which customers receive payments for some period of time (the annuity or income phase).