Sentences with phrase «other than annuity»

(Retiring allowances, RRSP withdrawals other than annuity payments, and death benefits can't be split.)

RIAs know there are lots of products other than annuities to choose from, though none are quite like annuities so insurers have to make a case for how RIAs can use annuities to complement a retirement portfolio.

Not exact matches

PTE 84 - 24 [29] is a previously granted exemption for transactions involving insurance and annuity contracts, which was amended in April 2016 to include the Impartial Conduct Standards as conditions and to revoke relief for annuity contracts other than «fixed rate annuity contracts.»

Other than old age, they never adequately proved that annuity consumers were being harmed under the rule nor did they demonstrate any confusion by annuity consumers with reliable studies or research.

If compensation for variable annuities is higher than other investments, an advisor better be able to justify the difference.

While 80 percent of plan participants are interested in putting some money into annuities, those who have a pension rather than a 401 (k) or other DC plan aren't quite so ready to jump in.

«Positive rating actions could occur if the company diversified its product offerings into more creditworthy product lines, resulting in sales growth in products other than fixed indexed annuities,» A.M. Best analysts said.

All values you enter are assumed to be «today's» dollars other than future one - time contributions, one - time distributions and annuity purchases.

With the exception of second quarter 2014, fixed index annuity (FIA) sales were «greater this quarter than in any other second quarter in the history of the product line,» said Sheryl J. Moore, president and CEO of both Wink Inc. and Moore Market Intelligence.

Time was, when a company wanted to stop selling a variable annuity, it could «Great - West» the product, she recalls, meaning if the carrier sold no more than 5,000 contracts total (among other conditions), it would not have to update the product registration statement.

Annuities are a steady stream of income, but they often have lower returns than other investment tools.

If you're buying an annuity to fund a qualified retirement plan or IRA, you should do so for the annuity's features and benefits other than tax deferral.

But another stat highlighted in IALC's press release did grab my attention: namely, 52 % of Millennials — more than any other age group — said they were interested in fixed indexed annuities.

On the other hand public service pensions are protected against inflation - if you wanted an equivalent defined contribution pension, annuity rates are actually quite a bit lower than that - more like # 350 - # 400 per # 10K.

Lastly, and quite importantly, they typically offer higher commissions to the distributor (agent, broker, financial adviser) than other annuities.

When insurers set the payments annuity investors will receive, they know that some annuity owners will die sooner than others.

Other than a few restrictions such as limitations on using funds for estate planning service firms and certain annuities or insurance products, the loan proceeds could be used for anything you choose.

The point being, perhaps qualification of annuity premiums may be even more advantageous (as opposed to non-qualified options) than for other types of unqualified investments such as life insurance or Roth IRAs.

Well, basically they're little supplements, so to speak, that insurers factor into an immediate annuity's monthly payout to reflect the fact that some annuity owners will die sooner than others.

The reason is that when insurance companies create an annuity, they pool the money of thousands of annuity owners, some of whom will die sooner than others.

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.

They can have greater growth potential than other types of annuities, but also have a greater risk of market loss.

What is the benefit of the Interest Plus + annuity over other guaranteed fixed rate annuities?The Interest Plus + annuity is designed for the consumer who desires a higher - than - average rate of return, but with the ability to access funds for any reason or amount — without incurring an excessive surrender charge.

«The nation's youngest batch of retirement savers are more interested than any other age group in the investing strategy behind annuities, even though most of them have likely never heard the word «annuity,» according to a survey just out from the Indexed Annuity Leadership Council...

So you don't want to receive more than $ 52,854 of income from RRSPs / RRIFs / annuities / other pensions or else they will lower your OAS.

REALITY: Annuities can potentially be more expensive than other investment options, but they also offer a variety of benefits that may be valuable to investors.

An immediate annuity's ability to transfer money from people who die early to those who die late is largely the reason that a recent study by former U.S. Treasury official Mark Warshawsky concluded that while an annuity didn't always provide more retirement income than using the 4 % rule or other type of systematic withdrawal, it did so often enough that «it is hard to argue against a significant and widespread role for immediate life annuities in the production of retirement income.»

Other things you can consider over time: you could look into setting up a variable annuity if you need more income down the road than what's provided by your retirement accounts.

The short answer: inflation is a significant risk, but you're probably better able to protect against it with other assets in your portfolio than you are with an inflation rider on your income annuity.

Annuities can payout slightly more than regular bond investments due to the premium return passed on by the half of annuitants that pass away before their life expectancy, benefiting the other half.

And too often the investor is disappointed in the market performance which caused the annuity to become something other than for what it may have been intended.

Variable Annuities — Variable annuities usually have higher fees than othAnnuities — Variable annuities usually have higher fees than othannuities usually have higher fees than other types.

Knowing that some annuity holders will die sooner than others, insurers are able to boost annuity payouts beyond what investment returns alone can support by in effect transferring money from those who die early to those who die late.

These are just some of the consequences of naming as annuitant someone other than the owner of the annuity.

In the above example, if Grandma named anyone other than herself or her daughter as beneficiary of that annuity and her daughter died first, very bad things will result.

Putting the legalese aside for a moment, the ruling treats annuity payments more favorably than other assets.

You should only use an index annuity in a tax - qualified plan if you want to benefit from features other than tax deferral.

By: Laura AdamsMore myths swirl around annuities than any other financial product.

Dividend investing isn't much more complex than capital gains investing, and it's much simpler than other income systems such as an online business or more arcane investments such as annuities and options.

Not surprisingly, the gung - ho annuity group tends to reap much of its compensation from commissions and other perks from annuity sales, while the never - annuity advisers generally make their living from the annual management fees you pay them if you invest your savings with them rather than buy an annuity.

Once you begin receiving payments, most annuity contracts do not allow money to be paid to your heirs, other than your designated joint - life beneficiary, in the event of your death.

They're also easier to understand than most other annuities, many of which can be mind - numbingly complicated.

Annuities generally earn a higher interest rate than other comparably safe investment options.

* Joint life with someone other than your spouse — an annuity paid to you while you and a person chosen by you (but other than your spouse) are alive.

Taxpayers who have more than three (3) 1099 - R forms for pension and annuity income (other than IRA withdrawals) and / or more than three (3) withdrawals from different IRA accounts.

Also, annuities pay lower commissions than mutual funds and other investments, so advisers need to overlook their self - interest to encourage you to convert some of your nest egg to annuities.

In other words, an indexed annuity allows the policy owner to potentially receive more interest than a traditional fixed annuity, but without being subject to market risk.

That said, it would be foolish to ignore the fact that there is a, shall we say, unsavory side to the annuity business that, as outlined in a recent report by Senator Elizabeth Warren, involves fat commissions and other sales perks (vacation trips, entertainment, dinners, etc.) that may make some advisers more likely to tout annuities than other investments or strategies.

The main issue, then, for you and any other retiree or near - retiree considering an annuity, is whether you actually need more guaranteed retirement income than the amount you're already scheduled to receive from Social Security.

In other words, if reverse mortgages are used early, rather than late, they can be as important in the retirement planning toolbox as life annuities.