Sentences with phrase «rely on annuities»

If you are looking to rely on annuities for day - to - day expenses when you retire, try to purchase both fixed and variable life annuity plans.

But if you feel you want more guaranteed income than you'll collect from Social Security and any pensions — and you're willing to take these prudent steps to ensure you're getting a competitive payout and that you can truly rely on the annuity's promise of income for life — an immediate annuity is at least worth considering.

Not exact matches

While the Department believes that most parties receiving compensation in connection with annuity recommendations can readily rely on the broad transition exemption in the BIC Exemption, discussed above, some parties have expressed a preference to continue to rely on PTE 84 - 24, as amended in 2006, which has historically been available to the insurance industry for all types of annuity products.

[31] Therefore, from June 9, 2017, until January 1, 2018, insurance agents, insurance brokers, pension consultants and insurance companies will be able to continue to rely on PTE 84 - 24, as previously written, [32] for the recommendation and sale of fixed indexed, variable, and other annuity contracts to plans and IRAs, [33] subject to Start Printed Page 16917the addition of the Impartial Conduct Standards.

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.

The clientele relies on low - risk businesses and fixed annuities.

This means you might not be able to rely on your returns, and big drops can impact your annuity.

To help advisors who haven't relied on insurance and annuity products in the past, JNLD also formed a team of regional advisory consultants, Jackson said.

In many cases, that means that advisors can no longer rely on the profits of loaded mutual funds or annuities to make money.

She relied on income from her $ 70,000 investment in a balanced mutual fund to top up what she receivedfrom government pensions and annuities, says her financial adviser, Sailesh Raythatha of Investment Planning Counsel in Mississauga.

Both annuities and life insurance contracts have expense charges that rely on assumptions of the future interest to be earned on contract funds.

So if you believe you would feel better having even more income you can rely on regardless of how stocks and bonds are performing, then I don't why you shouldn't get the additional comfort you seek by putting some of your nest egg into an immediate annuity.

When you buy an annuity you're relying on the insurance company to make payments for decades.

Darren could hedge his bets by buying his annuities from more than one insurer; or rely on Canada's regulators and insurers to keep protecting consumers as well as they have in the past.

The insurers relied on a decision by Maddison J in IB V CB [2010] EWHC 3815 in which he acceded to a compensating insurer's request to insert a contingent obligation on the claimant within a PPO to the following effect: that in the unlikely event of the defendant's insurers wishing to find an appropriate annuity provider, then the claimant would be required to undergo a medical examination by the proposed annuity provider.