Sentences with phrase «passing on an annuity»

Of course, misconceptions or no, there are plenty of valid reasons for passing on an annuity.

So it's not as if you'd be making a huge retirement - planning mistake by passing on an annuity.

And I don't know enough about the particulars of your situation or your adviser's motivation to say whether I concur with the recommendation to pass on an annuity.

Not exact matches

Most deferred annuities are designed to pass the account value on to your heirs.

Once you contribute the money to fund an immediate annuity, you can not get that money back or pass it on to a beneficiary.

One of the most common misconceptions about annuities is that to guarantee the monthly income payments you forego access to your principle in an emergency or to pass on as an inheritance.

REALITY: Provided you haven't annuitized your contract, annuities offer a guaranteed * death benefit that would pass on to your beneficiaries.

Some variable annuities offer enhanced death benefits at an additional charge that can help ensure a greater legacy is passed on.

For those looking to accumulate wealth or pass money on to the next generation, Americo's annuity offerings can be designed to meet the unique needs of all clients.

Continuing under the assumption that you have a defined benefit pension plan that will pay you $ 50,000 per year until you pass away I would say that your pension plan is more similar to a life annuity rather than a GIC since a GIC comes to term whereas an annuity pays until death, but if you are trying to put a value on the holding of your pension plan I would say that yes, it is fair to count it as a million dollar GIC at 5 %.

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.

Variable annuity policyholders might be hesitant to cash in their account for fear of losing the higher value that might be passed on to their beneficiaries at passing.

1986 — Congress passed tax law that allowed people to benefit from tax deferral using annuities with no limitations on the amount of money invested.

For example if you bought an annuity and nominated your spouse as the reversionary beneficiary, they might continue to receive 60 % of your income for the rest of their life, after you have passed on.

A charitable lead annuity trust, sometimes referred to as a CLAT is usually the best option for reducing or eliminating estate and gift taxes on assets passed to your children.

It's potentially useful if you need it, but any partial withdrawal (systematic or non-systematic) may reduce your annuity's benefits, such as your death benefit, which allows you to pass on the contract to your beneficiaries in the event of your death.

Death benefit is the amount on a life insurance policy, annuity or pension that is payable to the beneficiary when the insured or annuitant passes away.

The annuity death benefit proceeds will be passed on to the insured's beneficiary (s) in a lump sum — or over the course of a predetermined number of years.

For anyone seeking to accumulate wealth or pass cash on into the next generation, Americo's annuity offerings could be built to meet up with the unique needs of all of the clients.

For those looking to accumulate wealth or pass money on to the next generation, Americo's annuity offerings can be designed to meet the unique needs of all clients.

Death benefit: Death benefit is the amount on a life insurance policy, annuity or pension that is payable to the beneficiary when the insured or annuitant passes away.