Sentences with phrase «product guarantees a stream of income»
This product guarantees a stream of income, derived from an initial lump sum payment, for as many years as you like, up to a lifetime of benefits.
https://www.bestliferates.org/ Not exact matches
What sets annuities apart from any other financial product is that it provides a contractually guaranteed income stream regardless of how long you live.
The result is that you have many products that are called annuities — all with at least the option to create a lifetime stream of income — with very different guarantees and value propositions.
ForeCertain is a single - premium income annuity, which in basic terms means it's a product that converts an amount of savings into a guaranteed income stream based on three things: when you want the income to start, how long you want it to last — for a set period, your lifetime, or a combination of the two — and if you want the income alone or jointly with another, typically a spouse.
A: A Fixed Index Annuity is an insurance product that offers a benefit that provides an opportunity to receive a steady, guaranteed lifetime income stream at a future date like retirement while protecting the principal from the uncertainty of market volatility.
An income annuity allows you to convert part of your retirement funds into a stream of guaranteed lifetime income payments using a single lump - sum of money called a «premium,» or through flexible premium payments over time, depending on the type of product selected.
In the first offering of individual products, Southern Farm Bureau Life Insurance Company offer a fixed annuity which is ideal for those who want to receive a guaranteed income stream in retirement.
These products can offer a guaranteed income stream that will last for as long as the recipient needs it — which can help to alleviate the worry of running out of income in retirement.
An income annuity allows you to convert part of your retirement funds into a stream of guaranteed lifetime income payments using a single lump - sum of money called a «premium,» or through flexible premium payments over time, depending on the type of product selected.