Sentences with phrase «on annuities during»

Earnings on annuities during the accumulation phase are income tax deferred until distributed.

Earnings on annuities during the accumulation phase are income tax deferred until distributed.

Not exact matches

How much risk you can afford to take with your investment portfolio during retirement, or when approaching it, depends on your cash flow from available income streams — such as pensions, Social Security benefits or annuities — and doing a thorough cash - flow analysis is paramount.

Annuity units: An accounting measurement used to determine the annuitant's ownership in the separate account during the annuity period when payments are being made to the investor on a variable annuity contract.

Expense guarantee: Guarantee by an insurer that expense factors will not change during the payout period on an annuity.

(o) If there is no person who would be entitled, upon application therefor, to an annuity under section 2 of the Railroad Retirement Act of 1974 [98], or to a lump - sum payment under section 6 (b) of such Act, with respect to the death of an employee (as defined in such Act), then, notwithstanding section 210 (a)(9)[99] of this Act, compensation (as defined in such Railroad Retirement Act, but excluding compensation attributable as having been paid during any month on account of military service creditable under section 3 of such Act if wages are deemed to have been paid to such employee during such month under subsection (a) or (e) of section 217 of this Act) of such employee shall constitute remuneration for employment for purposes of determining (A) entitlement to and the amount of any lump — sum death payment under this title on the basis of such employee's wages and self — employment income and (B) entitlement to and the amount of any monthly benefit under this title, for the month in which such employee died or for any month thereafter, on the basis of such wages and self — employment income.

Perhaps the biggest advantage to an annuity is that you pay no taxes on the income and investment gains of funds placed into an annuity during the accumulation phase of a deferred annuity.

Even if you don't take money out during the surrender period — anywhere from six to 10 years after signing up, depending on the annuity — you still face pretty stiff annual fees.

The claimant's advisers therefore accepted that the best solution would be an annuity which was linked to the RPI and in addition a lump sum of # 1 million which would represent the difference between the periodical payments paid to the claimant during his life on the basis of ASHE and periodical payments paid during his life on the basis of the RPI.

Future Income Payment For variable annuity policies that have funded the Future Income Rider, a Future Income Payment is a fixed, periodic income payment made to the named Payee beginning on the Future Income Start Date, payable during the lifetime of the Annuitant.

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.

Keep in mind that annuities may assess a surrender charge on withdrawals if you sell or withdraw money during the surrender charge period, and withdrawals made prior to age 59 1/2 may also be subject to a 10 percent federal income tax.

Depending on the type of annuity purchased, these products will also allow for tax - deferred buildup of funds during the «accumulation» period.

Deferral of Social Security income, say from age 62 to age 70, has a similar effect on payouts as in a deferred income annuity (another name for longevity insurance); mortality credits can accrue during this deferral period, say from 62 to 70.

During the first year, your annuity will earn 1.5 % or 1 % more money depending on which policy you choose; the current interest rate will also be guaranteed for the first twelve months.

However, this time limit on withdrawals from a new annuity contract that results from a partial exchange does not apply if the withdrawals are from a newly created immediate annuity contract that was set up for a period of 10 years or more or during one or more lives.

On most annuities, you will pay hefty surrender fees if you surrender during the first seven to eight years on your contracOn most annuities, you will pay hefty surrender fees if you surrender during the first seven to eight years on your contracon your contract.

An Annuity for life with a provision of 50 % of the annuity payable to spouse during his / her lifetime on death of the annuitant.

Deferred annuity plans on the other hand provide for a death benefit during the deferment period when annuity payments do not accrue

On death during the first 5 years of the term, basic Sum Assured + accrued Guaranteed Additions are paid in lump sum or annuity or partly in lumps sum and partly in annuity.

This plan provides for death cover during the deferment period and offers annuity on survival to the date of vesting.

Annuity for life with a provision of 100 % of the annuity payable to spouse during his / her lifetime on death of annuitant.

Mr. Raj Agnihotri aged at 35 years wants to get annuity benefit on vesting along with the life cover during the deferment period.

Life Annuity Certain for 10 Years: On death during the first 10 years, annuity is payable till the end of the 10th year.

Upon choosing annuity option D, on the death of the annuitant during the guaranteed period of 15 years, the annuity is payable to the nominee till the expiry of this period.

Under annuity option C, on the death of the annuitant during the first 10 years, the annuity is payable to the nominee till the expiry of this period.

→ Annuity for life with provision of 100 % of the annuity payable to spouse during his / her time on death of policy holder with return of purchase price on death of last survivor.

LIC's New Jeevan Nidhi Plan is a conventional with profits pension plan which provides for death cover during the deferment period and offers annuity on survival of the date of vesting.