Sentences with phrase «life annuity amount»

For example, participants whose plans offer a temporary supplemental benefit in addition to an early retirement benefit often receive amounts greater than their straight - life annuity amount.

Not exact matches

You can do this by buying income annuities, which promise to pay a set monthly amount for life, just like a pension.

To stress - test your budget, he suggested practicing living off an amount equal to your guaranteed sources of retirement income for at least six months, including pensions, Social Security, annuities or — for the lucky few — trust funds.

Unlike life insurance, annuity death benefits are taxed as ordinary income on any gains above the original investment amount.

For example, you can withdraw only income (interest or dividend income); reinvest income, dividend and capital gains, take the amount you need for their annual living expenses and then rebalance; or purchase an annuity.

With an annuity, however, you enter into a contract with an insurance company to pay a certain amount for the rest of your life, giving you the peace of mind that comes from knowing your income will never run out.

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.

A charitable gift annuity involves a simple contract between you and Tufts Medical Center and Floating Hospital for Children where you agree to make a gift to Tufts Medical Center and Floating Hospital for Children and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

The annuity is a guaranteed amount paid out by the life insurance company.

A life insurance annuity works like an income in that the death benefit is divided up over a number of years into equivalent amounts that the beneficiary receives each year.

Because in addition to interest and return of a portion of your principal, each annuity payment effectively contains an extra little amount known as a «mortality credit» — essentially, money transferred from annuity owners who die early to those who live long lives.

Unlike life insurance, annuity death benefits are taxed as ordinary income on any gains above the original investment amount.

For example, once you use the annuity formula to calculate the exact monthly payment for a particular mortgage, you round this calculated amount up or down by possibly half a cent to an exact number of cents, and pay that amount for the life of the mortgage.

With an annuity, you pay an insurance company up front in exchange for a promise that they pay you a set amount for the rest of your life or for however long the contract specifies.

A life annuity is an arrangement in which you hand an insurance company a lump sum of money and the company guarantees to pay you a given amount for as long as you live.

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.

The person whose life expectancy determines the amount of VA payments or the person who receives annuity payments.

My experience from using Vanguard's calculator (see below) is that today's annuity amounts, when they match inflation, are approximately equal to inflation - matched cash (at zero percent real interest) spread over your life expectancy.

Assuming you withdraw $ 565 each month — the same amount the immediate annuity guarantees for life — your $ 100,000 would last just under 18 years.

But if you really want to turn a portion of your nest egg into something that approximates a pension — a specific amount of money you can count on month in and month out for the rest of your life — then I suggest you suspend your wariness about annuities long enough to at least consider a type of annuity that's easier to understand, less prone to the abuses that are too often associated with annuities and is very efficient at turning savings into assured lifetime income — namely, an immediate annuity.

Because variable life subaccounts fluctuate with changes in market conditions, the principal may be worth more or less than the original amount invested when the annuity is surrendered.

A synthetic «sale» of an annuity can be accomplished by borrowing an amount equal to the value of the annuity and buying a life insurance policy.

Guarantees are backed by the claims - paying ability of Jackson National Life Insurance Company ® or Jackson National Life Insurance Company of New York ® and do not apply to the principal amount or investment performance of a variable annuity's separate account or its underlying investments.

In effect, if your core fund's value gets demolished, these investments turn into a kind of annuity that pays you the exact same amount month after month for as long as you live.

If you were to die tomorrow, the person named as the beneficiary of your account would receive a check — life insurance proceeds — in the amount of $ 80,000 even though the investments in the annuity are currently only worth $ 60,000.

Guarantees are backed by the claims - paying ability of Jackson National Life Insurance Company ® and do not apply to the principal amount or investment performance of a variable annuity's separate account or its underlying investments.

As you can see from these annuity quotes, single life annuity for men pay out the highest amount of income.

Finally, even if you decide that this approach of combining an annuity with conventional investments makes sense, you would still want to consider such prudent steps as shopping around to make sure you're getting a competitive payment, annuitizing gradually rather than all at once, diversifying your annuity money among a few highly rated insurers and limiting the amount you invest with any single insurer to the maximum amount covered by your state's life and health insurance guaranty association.

The amount of each annuity payment for life annuities is determined by the age and gender of the annuitant.

Your employer may offer you the choice of a one - time lump sum or a life annuity, which typically will pay you a fixed amount for the rest of your life, usually every month.

Immediate fixed income annuities offer predictable payment for life, or for a specific amount of time.

In most cases, however, investors receive annuity payments for a predetermined amount of time or for the rest of their lives.

Click the link below to see a table of the maximum amounts that PBGC can guarantee for a straight - life annuity with no survivor benefits and a joint - and - 50 % - survivor annuity for ages 45 - 65.

After purchasing annuities, you can afford to take more risks with the rest of your portfolio, which may actually increase the amount you leave your heirs if you live a long time and markets perform well.

The Interest Plus annuity from Bankers Life Insurance Company is designed for the individual who desires a higher than average rate of return, but with the ability to access funds for any reason or amount — without incurring an excessive surrender charge.

The annuity has a minimum premium amount of $ 10,000 and a maximum premium amount of $ 500,000 (unless the annuity holder obtains home office approval from Bankers Life Insurance Company).

Important: The same accounting for taxes applies with annuities as life insurance - the income amounts shown on your annuity ledger are before taxes.

A couple of possibilities include, reducing your withdrawal rate and another is to have purchased a single premium immediate annuity so you have a predictable amount of income that covers for example, you life essential expenses.

If a low salaried guy takes a good annuity plan for his retirement at a young age, he would get as much of amount which will surely help through rest of his life with a good ease.

Having a certain amount of annuity - like income, whether from private pensions or an annuity, could be a good way to insure yourself against the financial risk of living too long.

The accrued - at - normal limits means that PBGC does not guarantee the portion of the monthly amount that exceeds the straight - life - annuity amount.

The person whose life expectancy determines the amount of VA payments or the person who receive annuity payments.

A feature that may be offered under an annuity contract in which the insurance company promises an individual may withdraw a specified amount from an account, even if the account balance is reduced to zero: (1) for the life of the individual, or the joint lives of two individuals (e.g., the individual and spouse); or (2) for a specified period of time.

Joint - and - Survivor (J&S) Annuity - An annuity that typically pays a participant a fixed monthly amount for life and, after the participant dies, continues payments to the participant's spouse or other designated beneficiary for the rest of the beneficiary's life.

Annuities: A fixed - income annuity is a contract with an insurance company that, in return for an up - front investment, guarantees3 to pay you (or you and your spouse) a set amount of income either for the rest of your life (and the life of a surviving spouse in the case of a joint and survivor annuity) or a set period of time.

A charitable gift annuity involves a simple contract between you and Animal League America where you agree to make a gift to Animal League America and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

For other landed property of the same kind — for other landed property of a different kind — for property in any other shape --(government annuities, for example, or life - assurance company annuities,)-- it may happen that, to the benefit of the parties, to an unlimited amount, an exchange might be made.

Proceeds In life insurance or annuities, the net amount of death benefit payable by the company at the insured's death.

After paying a lower premium for such a life annuity, the employee would be able to retain a larger portion of his or her account, maximizing the employee's lifetime benefits, while also leaving larger death benefits for a beneficiary, from the remaining amount of the account.

This income stream, however, is determined by the initial principle amount, the length of time the payout continues, and the number of lives covered by the annuity.