Sentences with phrase «systematic payments»

The immediate annuity would have no cash value and would provide systematic payments and interest for the insured's lifetime.

Should you take the payout as systematic payments, a lifetime annuity, or a lump sum?

The insurance company will arrange equal and systematic payments on a regular basis so the entire balance of the account is paid out in five years.

The immediate annuity would have no cash value and would provide systematic payments and interest for the insured's lifetime.

A SPIA, or single premium immediate annuity, is designed to generate instant income during retirement by taking a lump sum of money and converting it into systematic payments that continue for a specified period of time or for the life of the insured individual.

The trustees of these policies, or the trustee of your irrevocable trust, will also have the option to make systematic payments to your beneficiary like an annuity, rather than providing them with one large lump sum of cash all at once.

Systematic payments can increase (never decrease) based on the performance of the annuity itself — even after annuitization has begun.

The systematic payments would be used to fund a tax - free universal or whole life insurance policy that could either be held in or outside of the estate.

The clause requires a systematic payment of benefits rather than paying them out in a single lump sum.

For its annuities customer service, it provides particulars and forms on auto rebalance, beneficiary, dollar cost averaging, allocate current payment, systematic payment, systematic withdrawal, claim for death benefits, and lost or destroyed contract.

The systematic payments would be used to fund a tax - free universal or whole life insurance policy that could either be held in or outside of the estate.