Sentences with phrase «minimum withdrawal benefit»

Contract owners can benefit from upside portfolio potential while enjoying the protection of a guaranteed lifetime minimum withdrawal benefit if the portfolio drops in value.

Guaranteed Minimum Withdrawal Benefit (GMWB) The idea behind the GMWB is to allow you to withdraw a maximum percentage of your total investment each year for a set number of years, regardless of market performance, until you have recovered 100 % of your investment.

Guaranteed minimum withdrawal benefit riders can be added to variable annuities to ensure that some minimum value is paid out even if the investments inside the contract perform poorly.

If you're looking for an annuity that has a guaranteed income feature I'd recommend searching AnnuityFYI, which keeps an updated list of competitive annuities that offer either a guaranteed minimum withdrawal benefit or lifetime income rider.

They promised a guaranteed minimum withdrawal benefit (GMWB) of 5 % in their heyday, but critics argued increasing payouts were unlikely because of rigid rules and excessive fees (around 3.5 %).

Manulife IncomePlus is a Guaranteed Minimum Withdrawal Benefit (GMWB) type of variable annuity product aimed at people who are about to retire or in their... Read More»

Manulife IncomePlus is a Guaranteed Minimum Withdrawal Benefit (GMWB) type of variable annuity product aimed at people who are about to retire or in their early retirement years.

The Guaranteed Minimum Withdrawal Benefit only increases if the Guaranteed Minimum Balance increases.

The income guarantee, formally known as the guaranteed minimum withdrawal benefit, or GMWB, is what attracts many people to these products.

A more complicated arrangement is what is known as a variable annuity with guaranteed minimum withdrawal benefits for life.

Guaranteed minimum withdrawal benefits (GMWBs) guarantee the ability to withdraw a certain percentage of your initial investment for a set number of years or for the rest of your life.

Getting specific, IRIC urges plan sponsors to learn more about guaranteed minimum withdrawal benefits (GMWB); deferred income annuities (DIA); and longevity insurance, including qualified longevity annuity contracts (QLAC).

Not exact matches

Roth IRAs have several benefits, including the potential for tax - free withdrawals, * and no required minimum distributions during the lifetime of the original account owner.

This benefit includes a choice of two Withdrawal Base1 growth options — 10 % with no interest credits added or 7.5 % plus an additional dollar amount of interest credits annually, minus any withdrawals.2, 3 In addition, ForeIncome offers a Guaranteed Minimum Surrender Value (GMSV) 4 which has the potential to increase contract value but terminates on the GLWB activation date.

Dividends, capital gains, withdrawals from IRAs in excess of the required minimum distribution, Roth IRA conversions, and even interest from municipal bonds can increase the amount of Social Security benefits that are taxed.

Other benefits of these accounts include avoiding the early distribution penalty on certain withdrawals, and eliminating the requirement to take minimum distributions after age of 70 1/2.

Each option presents different benefits and limitations with regard to available investment choices and services, fees and expenses, withdrawal rules, required minimum distributions, tax treatment, and protection from creditors and legal judgments.

Besides the obvious advantages of not having to pay taxes on withdrawals, Roths yield another benefit: unlike Traditional IRAs, you won't be required to take annual minimum distributions starting at age 70 1/2, so you'll be free to keep growing your savings tax - free throughout your lifetime.

For more than a decade, Roth IRAs have been offering investors a number of benefits generally including tax free growth in earnings, tax free withdrawals assuming you begin your withdrawals after the age of 59 1/2 and have held the Roth account for the minimum five - year holding period, and no required minimum distributions as is the case with traditional IRAs.

Adding to the complexity is the fact that there are benefits to the Roth that aren't easily computable like the ability to NOT HAVE TO TAKE required minimum distributions and the ability to pass the Roth on to relatives, which gives them the opportunity for tax - free withdrawals.

Here a big part of the benefit is just putting off those nasty GIS clawbacks as long as possible: that is, until age 72, when the government requires you to make minimum withdrawals from registered accounts.

The Fixed Account Minimum Value is equal to 87.5 % of premiums allocated to the Fixed Account Options reduced by withdrawals and transfers from the Fixed Account Options, any applicable optional benefit charges, taxes and a $ 50 annual deduction, accumulated at the Fixed Account Minimum Interest Rate.

If I transfer assets out of the Plan and into an IRA I understand that: (i) those assets will no longer be subject to the protections of ERISA, (ii) I alone will be making investment decisions about those assets and will not be able to rely on the plan sponsor or any other person with ERISA fiduciary responsibilities, (iii) depending on the investments and services selected for the IRA, I may pay more in transaction costs than when the assets are in the Plan, and (iv) if I am between the age of 55 and 59.5, I would lose the ability to potentially take penalty - free withdrawals from the plan, (v) if I continue working past age 70.5 and transferred my plan assets to my new employer's plan, I would not be subject to required minimum distribution, and (iv) if I hold appreciated company stock, I understand any potential tax benefits that may have been available to me (e.g. net unrealized appreciation).

GOLD SERIES SAGE CHOICE SINGLE PREMIUM DEFERRED ANNUITY — PRODUCT OVERVIEW 6 Year Single Premium Deferred Annuity Issue Ages: 15 days — 90 years (age last birthday) Minimum Premium — $ 2,000 Maximum Premium — $ 500,000 per Owner Free Withdrawal Provision («Bailout Feature»): Included in the Contract Guaranteed Minimum Interest Rate: 2 % for the first 10 years and 3 % thereafter Contract Loan — Not Available for this product Free - Look Period — 30 days Death Benefit: Accumulation Value on the date of the Owner's death.

The withdrawal base does not establish or guarantee policy value, surrender value, minimum death benefit, or return for an investment option.

Roth IRAs have several benefits, including the potential for tax - free withdrawals, * and no required minimum distributions during the lifetime of the original account owner.

They may be insuring your future retirement income by providing a guaranteed withdrawal benefit rider, or insuring a specific amount of death benefit to go to your heirs, or insuring a minimum return.

GOLD SERIES SAGE CHOICE SINGLE PREMIUM DEFERRED ANNUITY — PRODUCT OVERVIEW 6 Year Single Premium Deferred Annuity Issue Ages: 15 days — 90 years (age last birthday) Minimum Premium — $ 2,000 Maximum Premium — $ 500,000 per Owner Free Withdrawal Provision («Bailout Feature»): Included in the Contract Guaranteed Minimum Interest Rate: 2 % for the first 10 years and 3 % thereafter Contract Loan — Not Available for this product Free - Look Period — 30 days Death Benefit: Accumulation Value on the date of the Owner's death.

On death of the policyholder, higher of the Sum Assured including Top - up Sum Assured net of Partial Withdrawals or Fund Value including Top - up Fund Value or Minimum Death Benefit is payable

The death benefit paid on death will bean amount which is higher of the chosen Sum Assured deducting any partial withdrawals made in the 2 years prior to death or the available Fund Value is paid with a minimum of 105 % of total premiums paid until the date of death

On demise of the policyholder, higher of the sum assured including top - up sum assured excluding the partial withdrawals or fund value including top - up fund value or minimum death benefit is payable.

If the policyholder dies at the age of 50 years or above, the nominee will receive the Sum Assured including Top - up sum assured net of partial withdrawals or Minimum Death Benefit or Fund Value including Top - up Fund Value (Whichever is higher).

Death Benefit: If the policyholder dies before the end of the policy term, the nominee shall be paid higher of the fund value or sum assured (minus partial withdrawals, if any) or the minimum death benefit that is 105 % of the total premium paid till the date of thBenefit: If the policyholder dies before the end of the policy term, the nominee shall be paid higher of the fund value or sum assured (minus partial withdrawals, if any) or the minimum death benefit that is 105 % of the total premium paid till the date of thbenefit that is 105 % of the total premium paid till the date of the death

Guaranteed Lifetime Withdrawal Benefit (GLWB) The GLWB guarantees that you can withdraw a minimum amount throughout your lifetime - regardless of the subaccounts» performance - and you don't have to annuitize your contract.

In the event of death of the life insured, the beneficiary is entitled to receive following benefit: For Gold Option: The higher of Sum Assured less partial withdrawals # or Fund Value is payable, subject to a minimum of 105 % of the total premiums paid, as on the date of death.

The HVCRE rule creates an incentive where if a deal is structured to meet certain requirements, namely meeting an 80 percent loan - to - value (LTV) or lower, a 15 percent minimum capital contribution and restrictions on withdrawal of capital during the life of the project, the bank gets the benefit of a lower capital requirement.