Sentences with phrase «surrender charge period»

In one product that offers a three - year surrender charge period, early surrender charges are limited to 2 % in the first two years, and 1 % in the third year.

A single - premium indexed annuity that offers protection from market loss, a 10 - year surrender charge period, and suite of optional riders.

And note, not all annuities are the same, so you will find insurance companies with longer surrender charge periods and variation in their penalty - free policies, just keep in mind that these options are available and can be useful if needed.

For years, such critics have complained that indexed annuities lock policyholders into contracts with surrender charge periods of up to 20 years.

For example, some of these products provide for very short surrender charge periods, an option that adds value because it limits the period of time during which the client is locked into the product.

If your client waits until after the chosen surrender charge period (either six or eight years) to take a withdrawal, the account value will be compared to the GMAV at the end of the withdrawal charge period.

Surrender Charge for Deferred Annuity Products An amount deducted by the insurer upon a partial withdrawal or surrender during the policy's surrender charge period in excess of any surrender charge free amount.

[x] Fees that a policyholder has to pay when he surrenders his life insurance policy or annuity, and withdraws the cash value before the set surrender charge period (5 to 7 years).

A single - premium indexed annuity that offers protection from market loss, a 10 - year surrender charge period, and lifetime income via a choice of two optional guaranteed minimum withdrawal benefit riders.

If your client waits until after the chosen surrender charge period (either six or eight years) to take a withdrawal, the account value will be compared to the GMAV at the end of the withdrawal charge period.

The surrender charge period typically mirrors the commission level on the product: the higher the commission, the longer the surrender penalty period.

We see three regimes in the study window: surrenders at the shock duration (the year following the end of the surrender charge period) were nearly 30 % at the onset of the 2008 economic crisis; shock rates below 10 % were observed during 2016; and otherwise a post-crisis regime has prevailed, with shock rates in a range of 12 - 16 % from 2009 through mid-2015 and 13 % so far in 2017.

Once the surrender charge period has expired, though, you can generally access your money at any time without surrender penalties.

Access to your money with up to 10 % allowed to be withdrawn free of charge each year during the surrender charge period, starting in the second year

The share classes differ in the fees, duration of the surrender charge period and how the sales charges are structured.

Up to 10 % can be withdrawn free of charge each year during the surrender charge period, starting in the second year1

Access to your money — up to 10 % allowed to be withdrawn free of charge each year during the surrender charge period — starting in the second year1

Full accessibility without penalty after the surrender charge period, which is seven years on SecureFore 7, five years on SecureFore 5, and three years on SecureFore 3

Surrender charges may apply for withdrawals made during the annuity's surrender charge period.

The share classes differ in the fees, duration of the surrender charge period and how the sales charges are structured.

Access to your money — up to 10 % allowed to be withdrawn free of charge each year during the surrender charge period — starting in the second year1

Full accessibility without penalty after the surrender charge period, which is seven years on SecureFore 7, five years on SecureFore 5, and three years on SecureFore 3

Up to 10 % can be withdrawn free of charge each year during the surrender charge period, starting in the second year1

Like almost all annuities, EIA's have surrender charge periods (usually 5 - 10 years) that encourage the contract holder to only withdraw a small portion if needed to help foster long - term growth.

Note that typically the surrender charge period will be the same as the rate guarantee period, but products are occasionally structured to have a longer surrender charge period.

Here's how the surrender charge period will be identified:

During the accumulation phase, there is a surrender charge period which is usually around 7 years (but can last as long as 15 years), and during this time there are penalties for early withdrawal which are in addition to any tax ramifications for early withdrawals.

In this case, the guaranteed rate will be in effect for only a few years, after which you'll earn the renewal rate until the surrender charge period ends.

You can choose to access some of the money during the accumulation phase, or once the surrender charge period has ended you have complete access to all the money to do with as you please.

As with many annuity products, Advantage IV includes a surrender charge period of seven years that applies to each contribution made.

In addition, there is no window at the end of the surrender charge period, during which time owners are generally required to make a decision prior to a restart of surrender charges.

There is a choice of a five -, seven - or nine - year surrender charge period and the contract offers a variety of ways for your client to access funds before the end of the surrender charge period without paying a surrender charge.

The No Lapse Guarantee Rider (NLGR) ensures that during the surrender charge period, if you fund your policy at the required premium to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly deduction charges.

MARKET VALUE ADJUSTMENT — An MVA will apply, only during the Surrender Charge Period, to any partial withdrawals in excess of the Maximum Free Partial Withdrawal amount and at the time the Contract is surrendered.

After the surrender charge period is over, your full accumulation value may be available to you without any surrender charges.

I was pricing a new annuity product for AIG, and I noticed the pattern for the ROE of the product was not linear — it fell through the surrender charge period, and then jumped to a high level after the surrender charge period was over.

The longer the surrender charge period, the higher the commission.

The shorter the surrender charge period, the lower the commission.

Yes, you can cash it in at any time, do 1035 exchanges, etc., but before the end of the surrender charge period you will pay a fee that compensates the insurance company for the amortized value of the large commission that they paid the agent that sold you the policy.

They would rather you buy a deferred annuity, where they can gain another commission when the surrender charge period is up, and roll you to a new product.

Once the surrender charge period has expired, though, you can generally access your money at any time without surrender penalties.

Surrender Charge An amount that may be deducted by the insurer if a partial withdrawal of the Cash Value is made or the policy is surrendered for its Cash Value during the policy's surrender charge period.

An MVA is not applicable after the surrender charge period is over.

An MVA only applies when the policy owner surrenders or makes a withdrawal from the contract that is greater than the surrender charge free withdrawal amount during the surrender charge period.

If a policy is cancelled during the surrender charge period, a surrender charge is deducted from the cash value.

Often, whole life policies come with a surrender charge period, during which you would pay a penalty if you surrender your policy.

Once the surrender charge period has expired, though, you can generally access your money at any time without surrender penalties.