Sentences with phrase «life of the annuitant»

A deferred annuity can be annuitized to provide guaranteed income payments for a set period of time or for life of the annuitant.
The annuity is payable for the entire life of the annuitant.
Life Annuity (Two Lives): The annuity payouts shall continue at a guaranteed rate, for the complete life of the annuitant.
A life annuity is an annuity whose payments are contingent on the continuing life of the annuitant.
The quoted income is guaranteed for the entire life of the annuitant and does not change with variations in the market conditions.
The annuity payouts shall increase at a simple rate of 3 % or 5 % annually for every complete year as per the option and will be paid for the complete life of the annuitant.
Payments are made for the life of the annuitant (s), for a specified period, or both (e.g., 10 years certain and life).
This contract option provides for income that is guaranteed for the life of the annuitant similar to the Life Only contract option.
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).
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).
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.
The income stream will be paid for the life of the annuitant, no matter how long or short he lives.
This annuity will provide a guaranteed (by the issuer only) income for the life of the annuitant where payments typically start one month after purchase.
It pays a regular stream of income throughout the life of the annuitant which helps in meeting daily expenses.
Joint Life, Last Survivor with Return of Purchase Price: This option pays annuity throughout the life of the annuitant and on his / her death, continues the annuity during the lifetime of the named spouse.
Joint Life, Last Survivor without Return of Purchase Price: This option pays annuity throughout the life of the annuitant and on his / her death, continues the annuity during the lifetime of the named spouse
Lifetime Income — It provides a regular stream of income throughout the life of the annuitant.
Lifetime Income with cash - back — This option in addition to giving a regular stream of income throughout the life of the annuitant, and, returns the purchase price to the nominee upon the death of the annuitant.
Annuities may be annuitized for a specific period of time or for the life of the annuitant.
Income is payable for the life of the annuitant.
An SPIA will provide a guaranteed income for the life of the annuitant, where payments typically start one month after purchase.
Guaranteed Income Payments: Fixed annuities may be converted to an immediate annuity at any time to generate a guaranteed income payout for a specified period of time or for the life of the annuitant.
This is because the life of the annuitant is not covered and if he dies, no death benefit is paid to the nominee.
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).
Lifetime annuity with Return of 100 % of purchase price on death: A regular annuity at a constant rate is payable through the entire life of the annuitant.
Scenario A: On survival of Dhruv Regular annual annuity i.e., Rs 1,93,850 is payable at a uniform rate throughout the life of the annuitant, as long as he is alive.
Jeevan Akshay - VI is an Immediate Annuity plan that provides annuity payments through the entire life of the annuitant.
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