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.
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.
Not exact matches
Through Liberty Mutual, there are single
premium deferred annuities (SPDAs), and
flexible payment deferred annuities (FPDAs).
Flexible Paid Up Rider: paid up additions allow the purchase of paid up additional whole life insurance
through additional
premium payments or dividends.