Sentences with phrase «surrender charge schedule»

Many contracts have a back - end surrender charge schedule that can last for up to 15 years, with steep penalties being assessed for early withdrawals.

Your surrender value will further be reduced because by any surrender charges that are applicable, depending upon your policy year and surrender charge schedule.

In certain jurisdictions, this product was sold as a single premium variable annuity that has a different surrender charge schedule and minimum premium payment.

RetireReady One includes a simplified application, surrender charge schedule flexibility in a single contract, and a more focused menu of underlying investment portfolios, according to the company, a subsidiary of Genworth Financial Inc..

If you choose a Transamerica variable annuity with an investment - only strategy, your financial professional can help you personalize it so you can find a fee structure and surrender charge schedule that work best for you.

The Transamerica Variable Annuity Series X-Share offers a 9 - year surrender charge schedule with a premium enhancement and gives you the ability to customize your annuity with optional living and death benefits.

Most MYGAs have pre-set declining surrender charge schedule which can start as high as 10 % in the first year and will then decline by typically 1 % per year.

In New York, the surrender charge schedules are as follows: 3 Years: 7 %, 6 %, 5 %, 0 % thereafter.

An SPL policy should have a positive rate of return as soon or possibly even prior to the surrender charge scheduling finishing.

Not exact matches

Disgraced former state Senate majority leader Malcolm Smith was scheduled to turn himself in last week so he could begin his seven - year jail sentence on corruption charges, but he got his surrender date pushed back more than six weeks by claiming that he must be checked for prostate cancer by his own doctor before prison, court papers show.

Surrender Charge Typically applicable to adjustable life, indexed universal life, and variable universal policies, a generally declining schedule of charges against the cash value may be imposed on the policy for a certain number of years from policy inception if the policy is surrendered, the death benefit is reduced, or in some instances, the surrender charge is taken into account in the monthly calculation to determine if the policy is still in forcSurrender Charge Typically applicable to adjustable life, indexed universal life, and variable universal policies, a generally declining schedule of charges against the cash value may be imposed on the policy for a certain number of years from policy inception if the policy is surrendered, the death benefit is reduced, or in some instances, the surrender charge is taken into account in the monthly calculation to determine if the policy is still in force.&Charge Typically applicable to adjustable life, indexed universal life, and variable universal policies, a generally declining schedule of charges against the cash value may be imposed on the policy for a certain number of years from policy inception if the policy is surrendered, the death benefit is reduced, or in some instances, the surrender charge is taken into account in the monthly calculation to determine if the policy is still in forcsurrender charge is taken into account in the monthly calculation to determine if the policy is still in force.&charge is taken into account in the monthly calculation to determine if the policy is still in force.»

Typically surrender charges decrease on an annual schedule until they disappear altogether.

Withdrawals are often also subject to a small charge in addition to the surrender schedule.

Keep in mind that during the early years of the contract a whole life policy may have surrender charges so be mindful of the schedule for those.