Sentences with phrase «joint annuitant»
With a lifetime gift annuity, it is designed as a joint annuity naming yourself and your child or grandchild as joint annuitants.
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Annuity, Joint & Survivor An annuity that provides income payments for as long as either one of two joint annuitants remains alive.
I recommend setting up the annuity with your spouse (aka joint annuitant) so that the guaranteed income covers both lives.
The Return of Premium death benefit is available only if you (and a joint annuitant, if applicable) are age 75 or younger when you buy the annuity.
The survivor, or joint annuitant, can receive payments that are 100 %, 75 %, or 50 % of the original amount.
The payments are based on a number of factors, including the annuitant's age at the time of purchase, the annuitant's gender, whether payments will be made to only one annuitant or to joint annuitants, and whether payments will be made for a fixed period of time or for the life of the annuitant (s).
The survivor, or joint annuitant, can receive payments that are 100 %, 75 %, or 50 % of the original amount.
The Return of Premium death benefit is available only if you (and a joint annuitant, if applicable) are age 75 or younger when you buy the annuity.
This means that monthly payments will continue in the same amount (100 percent) or be reduced by half (50 percent) to you or to your joint annuitant when either one of you dies.
With a cash refund, if you (and your joint annuitant) die before receiving payments equal to the amount of the account balance used to purchase the annuity, your designated beneficiary will receive a cash refund of the difference between the sum of the payments and the annuity purchase balance.
Joint life / survivor annuity — In such cases, two people, like a husband and a wife are the joint annuitants.
An immediate annuity provides income to the purchaser that starts as soon as they deposit a lump sum and the payments last for the lifetime of the purchaser or for the lifetime of the purchaser and his or her spouse (or joint annuitant) or for some set amount of time (5, 10, 20 years).