Sentences with phrase «people on the annuity»

If there are two people on the annuity plan, then the annuity will pay out income throughout the entirety of both people's lives.

Not exact matches

People can spend a lot of money on an annuity that promises guaranteed income, but Vernon says that's one of the worst things you can do because of the high costs.

Workers today may be relying too heavily on their ability to generate future income, which is why many advisors often recommend that people use annuities to cover basic retirement expenses.

If the annuity owner died, you may have several options to receive your inherited annuity proceeds depending on the terms of the annuity contract, your relationship to the person who died, and when the owner died.

The Low Incomes Tax Reform Group is concerned that people on low incomes may be unable to benefit from welcome freedoms to convert their annuities

The ABI has today launched a consultation on annuity rates transparency to help people approaching retirement get the best pension deal.

The person nominated by a super fund member to automatically receive an income stream (pension / annuity) on the death of the member.

I've long believed that certain types of annuities can often play a valuable role for people in or nearing retirement by providing guaranteed lifetime retirement income regardless of what's going on in the financial markets.

Immediate annuities work off of the idea that a lot of people will die, and money from their annuities is reallocated to the living (minus a profit for the insurer, on average).

Many people see annuity rates as very low and will want to take on more risk (and reward) by using «Drawdown» for at least part of their pension.

Sixty - one percent of people age 55 to 75 place a high value on having guaranteed income to supplement Social Security.2 For some people, annuities can be a valuable addition to a portfolio that includes Social Security, retirement savings, and other investments, because they can add an element of protection and guaranteed income.

If the annuity owner died, you may have several options to receive your inherited annuity proceeds depending on the terms of the annuity contract, your relationship to the person who died, and when the owner died.

Depending on when payments are due and other options available for handling retirement costs, annuities provide a solution for people struggling to pay off student debt.

Our platform provides free, no - obligation quotes on single premium immediate annuities, which are products designed to help people meet their immediate income needs

I can't tell you the number of times after doing an annuity story that I've gotten feedback from people who essentially say they would never buy annuity because they think can do better investing on their own (never mind that's difficult to impossible to do without taking on greater risk because annuities have what amounts to an extra return called a «mortality credit» that individuals can't duplicate on their own).

(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.

In other words, the person bought the annuity guarantees for a future lifetime income stream, but never seem to turn that switch on.

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

Annuities have been around since the Roman Empire, and I have always tried to envision the first annuity lunch seminar with some guy in a toga talking about a too good to be true product as other people in toga's gorge themselves on a free Roman buffet.

IALC Members Wade Mayo, President and CEO of LSW, and Ron Grensteiner, President of American Equity will be answering questions about why people are turning to annuities to help save for retirement, how they work and how you can best plan for their retirement years tomorrow, July 16 on radio broadcasts across the country.

In a single life annuity, the payments are based on one person's life.

Ultimately, the right mix of diversified investments in a variable annuity portfolio will depend on each person's goals and risk tolerance.

While it's difficult to put an exact dollar figure on Pettigrew's pension, it's roughly equivalent to what a person of similar age could buy in the form of an annuity for $ 1.6 - million.

The third is silent, and leaves a lot of money on the table — most people would be better off taking an annuity from their pension plan than a third party, or trying to manage a lump sum on their own.

I think it's also fair to say that, for whatever reason, annuities are often pushed on people who may be better off without them.

For people who make it into their 90s, the income from an investment in traditional assets would only be 40 % compared to the income from the same amount of money spent on an annuity.

Not every annuity type is right for every person and there are different restrictions on each.

He wanted to know what percentage or amount of the $ 200 billion sold annually in annuities would be sold if people made their decision on the contractual guarantees only, and not the dream of the over-hyped potential returns.

Similar to the dual entitlement provision discussed above, under the Government Pension Offset Provision, the amount of a person's Social Security benefit as a spouse or surviving spouse will be reduced by two - thirds of the amount of the Government pension (for example, a CSRS annuity) the person receives based on his / her own work that was not covered by Social Security.

But given the potential conflicts of interest outlined in Senator Elizabeth Warren's recent report on dubious annuity sales tactics, it's also clear that investors considering an annuity need to take care to assure they're buying an investment that benefits them as much as the person selling it.

But here's a conundrum: people love to receive a set benefit for life in the form of a government or employer defined benefit pension, but they seldom want to part with their own cold, hard cash to buy an annuity on their own.

Annuities could be a great option for a lot of people in the coming years, but I don't want to go off on a tangent.

Single - Life Annuity - An annuity that pays benefits based on the age and other characteristics of only one person.

Read Stan The Annuity Man's frequent articles on MoneyShow.com that addresses how active traders and people that manage their own money can properly utilize annuity strategies to compliment their dynamic portfolios.

Variable annuities are designed for people willing to take on more risk in exchange for greater growth potential.

Results will vary, and these numbers change daily, but the bottom - line is that once you start ignoring the hype, thinking, calculating, and acting like a people instead of a sheeple, then you'll see that all forms of annuities should be avoided like the plagues on society that they really are.

Annuity arbitrage tries to accomplish the same goal with the simultaneous purchase of a life insurance policy and a single premium immediate annuity (also known as a lifetime income annuity) on the same person, but from different carriers.

Finally, given the marketing tactics and potential conflicts of interest outlined in Senator Elizabeth Warren's recent report on annuities, you'll want to be sure that any annuity you invest in is a good deal for you, not just for the person selling it.

22 The right under sections 1 and 3 to equal treatment with respect to services and to contract on equal terms, without discrimination because of age, sex, marital status, family status or disability, is not infringed where a contract of automobile, life, accident or sickness or disability insurance or a contract of group insurance between an insurer and an association or person other than an employer, or a life annuity, differentiates or makes a distinction, exclusion or preference on reasonable and bona fide grounds because of age, sex, marital status, family status or disability.

If on the other hand, a person has a financial liability left, he may need a higher annuity.

The insurance providers offer a range of annuity or periodic payout options that the persons can choose from based on their needs.

To steal the words of Jeff Guo, writer for the Washington Post: «If people irrationally fear annuities because they seem like a gamble on one's own life, history suggests that they irrationally loved tontines because they see tontines as a gamble on other people's lives.»

Upon your death, your remaining annuity benefits (if any) will go to the person you name as your beneficiary, but again, how this works can vary depending on the type of the annuity.

Some insurers also claim people who are on the verge of retiring aren't the only ones buying variable annuities.

People who buy equity index annuities are looking for a safe investment that allows them to defer income taxes on the interest they earn.

Upon your death, the person inheriting the annuity must pay income tax on any gain, which will be taxed at their ordinary income tax rate.

The products referred to on the New York Life Annuities web site may be offered or sold only to persons in the United States and Guam.

• Retirement Annuities — Because people are living so much longer today than they did in the past, a big concern on the minds of retirees is running out of money when they still need it.

Forethought Life Insurance Company quickly expanded its product offerings, and in 2006, the company brought on board fixed annuities — which allowed it to offer consumers with the ability to both save for retirement, as well as to receive a guaranteed lifetime income — something that retirees have top - of - mind, as so many people are living longer lives today.

Retirement Annuities — Today, as people are living much longer life spans, one of the key worries on the minds of retirees and pre-retirees is that of outliving their money.