5) Annuity life — Minimum Fixed period: Annual
payout at constant rate for minimum period of 5 years, 10 years, 15 years and 20 years.
Life Annuity Certain for 15 Years: Annuitant receives annuity
payout at a constant rate for the first 15 years and for life thereafter, if the life insured survives for more than the period of 15 years.
Life Annuity Certain for 20 Years: Annuitant receives annuity
payout at a constant rate for the first 20 years under the policy and for life thereafter, if the person survives for more than 20 years.
In case of Rohit's survival, he receives annuity
payout at a constant rate for the first 10 policy years and thereafter, the annuity is payable in case the life insured survives beyond the period of 10 years.
Life Annuity Certain for 10 Years: Annuitant receives annuity
payout at a constant rate for the first 10 policy years and for life thereafter, in case the life insured survives beyond the period of 10 years.
Life Annuity with Return of Purchase Price (ROP): Annuitant receives annuity
payout at a constant rate through the entire lifetime.
Not exact matches
«If net income continued growing
at this more modest pace, in lockstep with nominal GDP, corporations would not be able to continue growing dividends
at current
rates while keeping
payout ratios
constant.»
There are two annuity
payout options you can choose from: Life Annuity: With this option, you will receive annuity payment
at a
constant rate as long as you are alive.