Sentences with phrase «life annuity option»

If Joe chooses the single life annuity option he will receive $ 2,250 for as long as he lives.

Not exact matches

Choosing the annuity option distributes the jackpot over 30 payments, which increase by 5 % each year to keep up with the cost of living.

American Equity Investment Life Holding Co., a top seller of fixed indexed annuities (FIAs), broadened the appeal of a core product line with the announcement of a new guaranteed lifetime income - focused fixed indexed annuity (FIA) with fee options.

In this situation, a better option might be to exchange your old annuity for a new one with «living benefits.»

Fixed and Income Annuities For clients looking for growth potential and guaranteed income for life, we have a wide range of options:

She also explained that even though there were two options available for receipt of pension entitlements, programmed withdrawal and life annuity, retirees wishing to access their Retirement Savings Accounts would only be able to draw pension under the programmed withdrawal module.

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At retirement, the worker has the option of purchasing an annuity, which is similar to Social Security benefits and traditional defined benefit pension plans insofar as they provide a steady income stream for life.

Thus, in the same way that life insurance companies offer alternatives such as guaranteed universal life insurance, indexed universal life insurance OR variable life insurance, annuity contracts offer similar options.

The point being, perhaps qualification of annuity premiums may be even more advantageous (as opposed to non-qualified options) than for other types of unqualified investments such as life insurance or Roth IRAs.

A life insurance company which might sell her an annuity would guarantee payouts, provide protection against civil claims and could, if she chooses that option, guarantee a minimum number of payments to her three grown children, or anyone else for that matter, even if Hilda were to die very soon.

And whether you purchase a fixed or variable immediate annuity, you're guaranteed to receive payments for life if you elected that payout option, no matter how long you live.

The payment for life option with return of premium allows you to receive payments for as long as you live, even after you have received payouts totaling more than what you initially put into the annuity.

However, the realities of life mean that annuities offer security that is not available through many other income options.

For example, if you choose the «life payments with 10 - year period certain» option, your annuity is guaranteed make payments to your or your beneficiary for at least 10 years.

There are, however, some options that combine long - term care with other common insurance products such as life insurance or annuities.

Annuities can provide you with guaranteed * income options regardless of how long you live, and can provide valuable death benefits for your heirs.

Some of these options include mutual funds, variable annuities, life insurance, long - term care insurance, and brokerage.

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.

Life only annuity — This option ensures that the immediate annuity will provide guaranteed income over the lifetime of an individual.

Additionally, annuities are highly customizable and can be purchased with the option to adjust payouts to increase with the cost of living and inflation.

Regardless of where you are along life's journey, Jackson ® provides variable annuity options designed to help you pursue your financial goals.

But the designs for these policies have largely stabilized over the past five years, due in part to the increased popularity of combination products, such as annuities and life insurance long - term care rider options.

2) After designing a living benefit for an annuity, you notice that one option is being chosen by policyholders, and the rest not.

In addition, an optional enhanced death benefit is also available if the annuity owner selects the life income option with a protected period at the time of policy issue.

This term also refers to the settlement of a life insurance policy under the contract's annuity options.

Elite Access Advisory is designed as an investment only variable annuity (IOVA) offering no guaranteed living benefit options but focused instead on broadly diversified investment options.

The optional Retirement Income Choice 1.6 living benefit offers greater control and flexibility in the annuity's underlying investment options for a more tailored approach to retirement.

A variable annuity with many customizable investment options and living benefit options available for an additional charge.

A variable annuity offering a variety of investment choices and living benefit options available for an additional charge.

These types of annuities will offer their holders a fixed income stream — and, for those who choose the lifetime income option, they can offer a guaranteed income for the remainder of the individual's life, no matter how long they live.

The prospectus, which contains this and other information about the variable annuity and variable universal life contract and the underlying investment options, can be obtained from your financial professional.

Of course, a longevity annuity wouldn't be a viable option if you're convinced you won't live long enough to collect that future income or if you really need the income now.

This included overstating total fees of existing variable annuities or misstating fees tied to additional options such as riders, understating or failing to disclose the existence of an accrued living benefit value clients would lose on getting out of the annuity, and telling clients a proposed variable annuity had a living benefit rider when in fact it didn't, Finra says.

Also, know that underlying investment options are only available in variable annuity and variable life insurance contracts.

In the examples below supplied by Birenbaum, we look at various options for 70 - year olds wishing to annuitize $ 100,000 in single - life, prescribed non-registered and also registered annuities.

Talk to us today and you'll find we offer powerful customization options within all our products: Term Life, Whole Life, Universal Life, Variable Universal Life, Survivorship Life, Single Premium Variable Life and Retirement Annuities

Your adviser could then compare that strategy to other options, such as devoting not all but a portion of your nest egg to an immediate annuity, a type of annuity that in return for a lump sum of cash guarantees monthly payments for the rest of your life.

In helping to achieve its overall mission, Mass Mutual offers a long list of financial and insurance products and services, including life insurance and annuities, as well as retirement savings options.

Another option is a deferred - income annuity, also called longevity insurance: You get heftier payments because you pick a date down the road to begin receiving them (see Plan for a Long Life When Saving for Retirement).

Other options include buying an annuity with some of your retirement savings (a fixed annuity can give you guaranteed income for life — unlike stocks and bonds, which can go up or down unpredictably), investing in real estate, setting up passive income sources (see the previous section for more on this), picking up part - ownership in a small business, and so on.

With a life annuity purchase, gone are options to leave a legacy, do a home renovation, or pay for unforeseen contingencies.

These are usually called things like «life income,» «life options,» «life certain,» «joint and survivorship,» annuities or annuitizing.

But for the career peddler, the only options left that «paid anything,» were annuities and whole life insurance.

Since they offer a guaranteed stream of income for a multi-year period, annuities are the most common term life insurance payout option.

Another option: Convert your life insurance tax - free into an annuity through a 1035 exchange.

Life Income A pension, annuity or life insurance payment option that guarantees the recipient an income for lLife Income A pension, annuity or life insurance payment option that guarantees the recipient an income for llife insurance payment option that guarantees the recipient an income for lifelife.

Our service is always personalized to your unique situation in order to help you understand your options (term life, whole life, universal life, guaranteed issue life, annuities, etc) Your budget, cost of premiums, and any conditions or details associated with each policy are all factored in.

Another option: Exchange a life insurance policy tax - free for another life insurance policy or an annuity with a long - term - care rider.

Joint term life can be a great complement to your retirement plan as it provides a couple purchasing an annuity with more options.