Sentences with phrase «joint life annuity»

3 In the case of Joint life annuities the age limits apply to both lives.

In addition to fixed and variable annuities, there are joint life annuities for partners who want their surviving spouses to continue to receive payments after their deaths.

With wide range of annuity option to choose and an option of choosing joint life annuity, this plan can be bought with a single one - time payment of minimum Rs. 1 lakh.

Joint life annuities produce the lowest payments because the combined lifespan of both spouses is greater than for a single spouse.

The Two - Step Annuity Tactic: Sarah buys an immediate joint life annuity for $ 1 million, which pays $ 43,843 annually as long as Sarah and her husband are alive.

Annuity payments stop when the annuitant (or his spouse in case of joint life annuity) dies.

Joint life annuity or Joint and Survivor annuity — As the name implies, this option allows an immediate annuity to provide joint coverage for two individuals.

An alternative to buying a joint life annuity is to purchase a single life annuity with a death benefit and designate your spouse as the beneficiary.

A joint life annuity will pay you an income for the rest of your life.

With a joint life annuity, the payments are based on two measuring lives, often spouses.

A guarantee period can be chosen for both single and joint life annuities.

Since there are two lives in a joint life annuity, the payments will be lower than in a single life annuity.

By comparison, a joint life annuity with a long term guarantee will pay out the lowest level of income.

Joint life annuities may provide either a 100 percent or 50 percent survivor benefit.

Joint life annuity or Joint and Survivor annuity — As the name implies, this option allows an immediate annuity to provide joint coverage for two individuals.

Pension plans also have the feature of a joint life annuity especially in case of immediate annuity plans.

An annuity can be a single life annuity or a joint life annuity where the payments are guaranteed until the death of the second annuitant.

If you choose a joint life annuity with a period - certain payout, you are essentially estimating how long you will live.

In a Joint Life annuity, the secondary annuitant can be the spouse / child / parent / parent - in - law or sibling of the primary annuitant.

Able to purchase a joint life annuity guaranteeing regular income until the policyholder or spouse is alive

Under this HDFC pension plan, on vesting, the policyholder can purchase a joint life annuity from the company guaranteeing regular income till the policyholder or his spouse is alive.

Vesting: Policyholder can purchase a joint life annuity from the company guaranteeing regular income until the policyholder or his spouse is alive.

In some cases, the company might also return the single premium which was paid to secure the pension after the death of the annuitant and in case of a joint life annuity, on death of the spouse.

Vesting: Policyholder can purchase an annuity from the company with multiple options like availing a joint life annuity guaranteeing regular income until the policyholder or his spouse is alive.

Under this HDFC pension plan, on vesting, the policyholder can purchase an annuity from the company with multiple options like availing a joint life annuity guaranteeing regular income till the policyholder or his spouse is alive.

Option to receive life - long payments for as long as you or your partner are alive — You have the option to choose a single life or a joint life annuity.

Right Pension Option: Choose the apt pension plan with suitable pension options like Annuity payable for Life, Life Annuity with Guaranteed Period, Increasing Annuity or Joint life annuity, etc. meeting your requirement.