Sentences with phrase «on death of the annuitant»

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

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

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

It pays a regular income during the lifetime of the annuitant and returns the single premium to the nominee on the death of the annuitant to take care of the family.

The payout stops on the death of the annuitant.

A pure life annuity ceases to make payments on the death of the annuitant.

• On death of the annuitant, death benefit is payable as lumpsum to the nominee and no further amount will be payable.

• On death of the annuitant, Death benefit2 is payable as lump sum to the nominee and no further amount will be payable.

• On the death of both annuitants, the annuity payments will cease and no further benefits will be payable

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

Termination of the policy occurs on the death of the annuitant.

The policy terminates when the annuitant passes away during the guaranteed period; or on the death of the annuitant after the guaranteed period, if Annuity Guaranteed for 5 years, or Annuity Guaranteed for 10 years or Annuity Guaranteed for 15 years has been chosen.

In case of the Joint Life Last Survivor Annuity option, the policy terminates on the death of both annuitants.

The policy terminates on the death of the annuitant where the option of Life Annuity or Annuity for Life increasing @ 3 % per annum simple interest or Life Annuity with Return of Purchase Price is chosen.

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

Annuity during the life time of the annuitant with return of purchase price on death of the annuitant

Annuity for life with a provision for 100 % of the annuity payable to the spouse of the annuitant for life on death of the annuitant, with return of purchase price on the death of last survivor.

Life Annuity with Return of Purchase price: On death of the Annuitant, Purchase price payable to the Nominee / Legal Heir.

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 a provision for 100 % of the annuity payable to spouse on death of annuitant with return of purchase price on death of the last survivor.

Not exact matches

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.

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.

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

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.

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

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

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?

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.

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

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.

When payments are made based on joint lives, the payments continue until the death of the second annuitant.

The annuity will be payable in arrears post deferment period as per payment frequency chosen by you, for as long as either of the primary or the secondary annuitant is alive.Death benefit is payable as a lumpsum to the nominee, on later of the deaths of the two annuitants.

Joint Life Annuity for life with return of premium (ROP) payable on the death of the last survivor, which enables the annuitants to receive a pre-decided, fixed, guaranteed amount, provided at least one of the annuitants is alive.

Joint Life Last Survivor with Return of Purchase Price on Last Death: Under this option, the annuity shall be paid at a constant rate till either of the annuitant and spouse are alive.

In some cases, the company might also return the single premium which was paid to secure the pension after the death of the annuitant and in case of a joint life annuity, on death of the spouse.

On the unfortunate death of the annuitant, the nominee receives the purchase price of the policy and then the policy terminates.

Last survivor lifetime income in which both spouses are annuitants and on the death of one annuitant, the income will continue to be paid throughout the lifetime of the surviving annuitant.

On the unfortunate death of the annuitant, the nominee receives the amount that was paid for the Single Premium and then the policy terminates.

Payments will cease on the death of the last survivor (annuitant).

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.

Joint life, Last Survivor with Return of Purchase Price on Last Death: Annuity is payable till life time of last surviving Annuitant.

Joint life, Last Survivor with Return of Purchase Price on Last Death: On the death of the last surviving Annuitant, purchase price is payable to the nominee / legal heion Last Death: On the death of the last surviving Annuitant, purchase price is payable to the nominee / legal Death: On the death of the last surviving Annuitant, purchase price is payable to the nominee / legal heiOn the death of the last surviving Annuitant, purchase price is payable to the nominee / legal death of the last surviving Annuitant, purchase price is payable to the nominee / legal heir.

Joint Life, Last survivor with 100 % annuity to the secondary annuitant on death of the primary annuitant with Return of 100 % of purchase price on the death of the last survivor: The annuity installments are payable at a constant rate till survival of any one of the two annuitants.

On death of the Primary Annuitant if Secondary Annuitant survives, 50 % annuity is payable till life time of Secondary Annuitant.

Annuity for joint lives (with return of single premium on death of the last surviving Annuitant): A fixed amount, guaranteed at the policy inception, is payable in case at least one of the annuitants is alive.

Payments will terminate on the death of the last survivor (annuitant).