Sentences with phrase «life annuity payment»

The single life annuity payment option typically provides the largest payment amount, but has the most risk since payments cease upon the annuitant's death.

Life annuity payments that continue until the death of both annuitants.

The price of the combination policy would also be relatively insensitive to actual long - term care benefit payments, because of the greater importance of the life annuity payments.

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.

Some immediate annuities attempt to address such issues by offering limited access to a portion of your investment while you're still alive or by stipulating that the annuity will make payments for a certain number of years (five, 10 or whatever) whether you're still living or not.

The premise behind an immediate annuity is simple: You invest a lump sum of money with an insurance company (although you would actually do so through an adviser, a broker or insurance agent) and in return you receive a guaranteed monthly payment for life regardless of how the financial markets perform.

Each allows you to buy an annuity now that would provide payments for the rest of your life to supplement retirement income and / or to manage longevity risk.

A fixed income annuity provides you, or you and your spouse, with guaranteed1 income by turning a portion of your savings into a stream of income payments for the rest of your life or a set period of time.

For example, these annuities make it possible to receive regular payments throughout the rest of your life.

These annuities offer you a steady payment that will last as long as you live or for a certain number of years.

The target - date fund can include annuities that begin payments at retirement or at a later time, offering a way to generate guaranteed retirement income and protect your income stream later in life.

There's also the risk of not living long enough to receive deferred payments if you select an annuity that pays out later in life, or seeing inflation erode their real value.

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.

Allianz Life paid out more than $ 2.7 billion in benefits to its policyholders and contract owners via life insurance and annuity payments, up 4 percent from the prior yLife paid out more than $ 2.7 billion in benefits to its policyholders and contract owners via life insurance and annuity payments, up 4 percent from the prior ylife insurance and annuity payments, up 4 percent from the prior year.

For joint and survivor annuities, the payments will be guaranteed for life but at a smaller payout than for individual annuities.

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In another example, if there are multiple beneficiaries, they could choose a «last survivor income» annuity benefit which would pay life payments until the last beneficiary dies.

Purchasing a life insurance annuity is less popular than simply accepting a lump sum, as there's not a huge advantage to choosing such deferred payments when the lump sum is tax - free.

For example, a 65 - year - old man who invests $ 100,000 today would receive a fixed payment of roughly $ 540 a month for life with a regular immediate annuity vs. an initial payment of $ 375 with an inflation - adjusted annuity (although that smaller payment would rise with inflation over time).

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.

If you elect to receive an annuity, the combined annuity payments may actually be worth more than the lump sum if the annuity owner lives a long time, essentially beating the mortality table's predictions.

But what really differentiates an immediate annuity from the example above is that no group of people pooling their assets can guarantee that they'll receive a scheduled payment as long as they live.

In effect, buying a longevity annuity is a bit like buying a life insurance policy, but instead of making a payment to your heirs when you die, a longevity annuity makes monthly payouts to you for the rest of your life, assuming you're still alive when those payments are scheduled to begin.

According to a new TIAA - CREF Institute survey, people who converted at least some of their retirement savings into annuity payments guaranteed for life were about 60 % more than those who didn't invest in an annuity to say their standard of living increased in retirement and that their post-career lifestyle exceeded their expectations.

Like an immediate annuity, a longevity annuity provides guaranteed income for life, except that while you invest your money now, the payments don't begin until later, typically much later, say, 10 to 20 years in the future.

The premise behind an immediate annuity is simple: you give an insurer a lump sum in return for monthly payments that start at once and continue the rest of your life.

Remember that annuity lifetime income guarantees are based on your life expectancy at the time you start the payments.

A 65 - year - old man who invests $ 30,000 in a longevity annuity today that begins making payments 15 years from now would receive roughly $ 675 a month at age 80 that would continue for the rest of his life; a 65 - year - old woman would receive about $ 575 a month starting at 80; and, a 65 - year - old couple would collect about $ 465 a month beginning at age 80 for as long as either remained alive.

With an immediate annuity, you hand over a sum of money to an insurer in return for guaranteed monthly payments that start at once and continue for the rest of your life.

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.

This can mean adding an annuity, which guarantees a set monthly payment for a set period of time (often for life).

The «72 (t)» annuity exemption allows you to dodge the early withdrawal tax by taking «substantially equal periodic payments» based on life expectancy.

A variable annuity, like ALL other annuities, offer a guaranteed payment of income for the life of the annuitant (who may be different from the contract owner).

Whereas, a life insurance contract is an asset that is designed (at least traditionally) to provide a death benefit to one's estate, an annuity is centered around converting a lump sum payment (or series of payments) into a stream of income for a fixed period (usually for life).

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.

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

One possible strategy for retirees, is to use part of their investment portfolio to buy just enough annuity payments (combined with their Social Security payments) to guarantee a minimum standard of living regardless of how poorly the rest of their portfolio performs.

A 65 - year - old man who invests, say, $ 100,000 in an immediate annuity today would receive about $ 550 a month for life; a 65 - year - old woman would get about $ 530 a month; and a 65 - year - 0ld man - and - woman couple would receive monthly payments of $ 470 as long as either is alive.

If, on the other hand, Social Security doesn't come close to covering even your basic living expenses — or you think you'll have more peace of mind with extra guaranteed income — then you may want to consider going with the annuity payments.

An immediate annuity is a contract between you and an annuity issuer (an insurance company) to which you pay a single lump sum of cash in exchange for the issuer's promise to make payments to you (or the annuitant) for a fixed period of time or for the life of the annuitant.

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.

Annuities make payments for life or for a set number of years.

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.

So, for example, a 65 - year - old man who invests $ 50,000 in a longevity annuity might start receiving payments of about $ 1,800 a month starting at age 85 that would continue for the rest of his life; a 65 - year - old woman would get in the neighborhood of $ 1,400 a month beginning at the same age, while a 65 - year - old man and woman couple would receive about $ 1,100.

So in calculating the payments annuity owners will get, insurers can factor in «mortality credits,» which is insurance - speak for the money that's effectively transferred from those annuity owners who die early to those who live a long life.

When you sign an immediate life annuity, the insurance company guarantees a certain payment over your lifetime.

A life annuity with period certain pays you, the annuitant, a regular annuity payment during your lifetime.

(3) Annuities generally are less well - suited for you if you are: Low - income (government ensures minimum retirement needs), rich (annuity protection is not needed), intent on leaving a big bequest (payments generally end at your death), or you have low life expectancy (you get few payouts).

Unlike an annuity on your own life, the payment stream may end before or after you die — a classic asset / liability mismatch.

You can choose whether to receive guaranteed payments for life, for a set period of time — or both.Guarantees apply to certain insurance and annuity products and are subject to product terms, exclusions and limitations and the insurer's claims - paying ability and financial strength.