Sentences with phrase «of death of the annuitant»

Under this annuity option, the annuity is payable for the annuitant's lifetime, and in case of the death of the annuitant, the purchase price is paid to the nominees.

The payment stream from the issuer to the annuitant has an unknown duration based principally upon the date of death of the annuitant.

After choosing the «with spouse» option, the amount of pension will be given to the spouse of the policyholder, in case of the death of the annuitant.

There is also an option of return of purchase price in this plan along with the annuity in case of the death of annuitant.

Death Benefit — In case of death of the Annuitant within the Policy Tenure, the nominee will receive the following: -

In case of death of the Annuitant within the Policy Tenure, the nominee will receive 101 % of Total Premiums paid till date + Bonuses

In case of death of the Annuitant within the Policy Tenure, the nominee will receive 101 % of Total Premiums paid till date + Bonuses, subject to a minimum of 105 % of total premiums paid till date as Death Benefit which can be taken by the nominee as a lumpsum or as annuity.

In case of death of annuitant during chosen term, nominee will continue to receive the annuity for balance term

Under annuity option B, in the event of death of the annuitant during the Guaranteed Period of 5 years, the annuity is payable to the nominee till the end of this Guaranteed period.

In case of death of the Annuitant within the Policy Tenure, the higher of Fund Value or 101 % of single premium + Top Up (if any) is accumulated as Death Benefit which can be taken by the nominee as a lumpsum or as annuity.

In case of death of the Annuitant within the Policy Tenure, the nominee will receive the Total Premiums paid to date accumulated at a Guaranteed Rate of 6 % p.a. compounded annually as Death Benefit which can be taken by the nominee as a lumpsum or as annuity and the policy terminates.

Not exact matches

The Return of Premium death benefit is available only if you (and a joint annuitant, if applicable) are age 75 or younger when you buy the annuity.

An option / rider that refunds premiums paid into an annuity less cumulative income payments made, upon the death of the annuitant.

The insurer earns 4.5 % on its investments, and additional money of 3.5 - 5.0 % from deaths of annuitants supports the payments of those living, with 1 % to cover commissions, administration, and profits.

What benefit is paid at the death of the annuitant, if the annuity contract is owned by another individual?

Liberty Bankers can not be responsible for tax consequences caused by incorrect beneficiary designations: death benefits will be paid to the beneficiary on record as of the date of the annuitant's death.

When the annuitant dies, the owner must select a new annuitant within 60 days of the date of the annuitant's death.

Bankers Elite Series products are subject to surrender charges in the event of the annuitant's death.

Under the terms of our annuity contracts currently being issued, if the annuity contract is owned by an individual other than the annuitant, no death benefit is payable in the event of the annuitant's death.

What happens at the death of the annuitant on an annuity contract that is owned by a retirement plan?

Under the terms of our annuity contracts currently being issued, the death of the owner, if different than the annuitant, will cause the accumulated value of the annuity, minus applicable withdrawal charges and Market Value Adjustment, to be paid to the designated beneficiary.

The Return of Premium death benefit is available only if you (and a joint annuitant, if applicable) are age 75 or younger when you buy the annuity.

Death Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments receDeath Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath, amounting to the difference between the initial premium paid and the cumulative income payments received.

It finally turned to the joint and several liability rule under the Income Tax Act, which says that upon the death of the annuitant of a RRIF, the annuitant (or the annuitant's estate) and any recipient of RRIF proceeds are «jointly and severally liable to pay a part of the annuitant's tax» on the RRIF for the year of the annuitant's death.

So, when a trust owns a deferred annuity, it must be paid out upon the death of the primary annuitant.

For DIAs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments received.

Changing the existing Successor Annuitant on the account (in the event there's change of spouse / death of spouse)

Here, if the annuitant were to die within the protected period, the enhanced death benefit will be the greater of the minimum benefit amount, less monthly income received, and the early death benefit.

Upon the death of the annuitant, the ownership could possibly be changed to a spouse or a non-spouse beneficiary.

Some contracts will also pay out upon the death of the annuitant (these are called «annuitant - driven» contracts).

Contact the NYL Annuity Service Center upon the death of an owner or annuitant.

One contract states that at the annuitant's death, the contract value must be paid to the beneficiary named in the contract, but at the death of a «non-annuitant owner» (Grandma, in this case), the contract value passes to «the joint owner, if any, otherwise to the successor owner, if any, otherwise to the estate of the owner».

A spouse is eligible for a reduced annuity, after the death of an annuitant, if the annuitant elected a spousal benefit when he / she retired.

The amount that a segregated fund policy agrees to pay to the beneficiary or the estate on the death of the annuitant.

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

Topics include: Setting up an RRSP Contributing to an RRSP Transferring Making withdrawals Receiving income from an RRSP Death of an RRSP annuitant Anti-avoidance rules for RRSPs and RRIFs RRSP Tax - Free Withdrawal Schemes Forms and publications --(RRSPs)

Because it is impossible to predict an annuitant's age of death, in some instances where a policy holder lives an exceptionally long life, they will receive significantly more than what they paid into it.

Beneficiary: The Beneficiary is the designated individual or organization who will receive the value of a Registered Plan upon the death of the Annuitant.

Rule of Law Alberta Court Orders Beneficiary of Registered Retirement Income Fund to Bear the Tax Burden on the Annuitant's Death

Beneficiary The individual or entity designated to receive a life insurance or annuity death benefit upon the death of the insured or the annuitant.

A death benefit is a payment to the beneficiary on an annuity, pension, or life insurance policy upon the death of the annuitant or policyholder.

What happens at the death of the annuitant on an annuity contract that is owned by a retirement plan?

With LBL Bankers and Liberty Series products, the surrender charge is not applied in the event of an annuitant's death.

Liberty Bankers can not be responsible for tax consequences once death benefits are paid to the beneficiary on record as of the date of the annuitant's death.

Under the terms of our annuity contracts currently being issued, the death of the owner, if different than the annuitant, will cause the accumulated value of the annuity, minus applicable withdrawal charges and Market Value Adjustment, to be paid to the designated beneficiary.

This Kotak Life pension plan offers multiple annuity options of Lifetime Income, Lifetime Income with cash back wherein the Purchase Price is returned on death of the annuitant, Lifetime Income with a Term Guarantee wherein the annuity payouts are guaranteed for 5, 10, 15 or 20 years and thereafter payable for the annuitant's lifetime and Last Survivor Lifetime Income wherein the annuity payouts are paid for the annuitant's lifetime and post his death, the annuity payouts continue till the death of the spouse

Annuity options where the spouse is also paid after the death of the annuitant are called joint life last survivor annuities.

• Annuity for joint lives (not including death benefit): A set amount which is guaranteed at the time of taking the policy is received by alive annuitants.

This Kotak Life pension plan offers multiple annuity options of Lifetime Income, Lifetime Income with cash back wherein the Purchase Price is returned on annuitant's death, Lifetime Income with a Term Guarantee wherein the annuity payouts are guaranteed for 5, 10, 15 or 20 years and thereafter payable for the annuitant's lifetime and Last Survivor Lifetime Income wherein the annuity payouts are paid for the annuitant's lifetime and post his death, the annuity payouts continue till the death of the spouse

On death of the annuitant, annuity payouts cease under the first option.