Sentences with phrase «total value of the annuity»

The NERA report goes on to say that to calculate the aggregate estimate, «the authors of the report take the total value of load mutual funds in IRAs, plus the total value of annuities in IRAs, [which] at year - end 2013 stood at approximately $ 1.7 trillion.

«Among DB plan participants who were given a choice between a lump sum or an annuity, fewer than half (45 %) said that, at the time they made their decision, they recall being presented with information comparing the total amount of the lump sum versus the total value of the annuity payments,» MetLife's analysis continues.

Upon annuitization, you receive payments based on the total value of the annuity.

You can take out up to 10 % per year annually from the total value of the annuity, and you can take out all interest earned at any point.

Not exact matches

Similar to the CRAT and CRUT scenario above, the charitable lead annuity trust (CLAT) will utilize an annuity payment to determine what is paid to the charity based upon the initial account value of the trust, whereas a charitable lead uni-trust (CLUT) will be a percentage of the total trust value reviewed annually.

The prize, which totals $ 1,000,000, is payable in a financial annuity over forty years, or the contestant may choose to receive the present cash value of such annuity.

This included overstating total fees of existing variable annuities or misstating fees tied to additional options such as riders, understating or failing to disclose the existence of an accrued living benefit value clients would lose on getting out of the annuity, and telling clients a proposed variable annuity had a living benefit rider when in fact it didn't, Finra says.

Due to fluctuating market conditions, at the time of distribution, your annuity value may be more or less than the total of all premium payments.

Total Future Income Purchases For individuals who funded the Future Income rider on a variable annuity policy, the total amount of voluntary deductions from the Variable Accumulation Value used to purchase Future Income PaymTotal Future Income Purchases For individuals who funded the Future Income rider on a variable annuity policy, the total amount of voluntary deductions from the Variable Accumulation Value used to purchase Future Income Paymtotal amount of voluntary deductions from the Variable Accumulation Value used to purchase Future Income Payments.

This time the random variable Y is the total present value random variable of an annuity of 1 per year, issued to a life aged x, paid continuously as long as the person is alive, and is given by:

If an annuitant dies during the annuity accumulation period, the beneficiary receives the cash value of the annuity or the total premiums paid whichever is greater.

According to these legal financial requirements, the insurance companies are legally bound to set up a reserve, which at all times must be equal to the withdrawal or surrender value of their total block of annuity policies or contracts, i.e. the annuity providing insurance companies must set aside funds equal to the surrender value of every annuity contract in force.

«The total value of benefits paid was also undoubtedly larger as there are thousands of individuals who own linked benefit life insurance or annuity policies that can also provide LTC benefits,» Slome acknowledged.

According to the Financial Industry Regulatory Authority, these yearly expenses can easily total 2 % or more of the annuity's value.

Example: You own a variable annuity that offers a death benefit equal to the greater of account value or total purchase payments minus withdrawals.

Most, though not all, states will protect you from the insolvency of an annuity provider through «guarantee associations» or «guarantee funds» but there are limits to that protection — in most states a limit of $ 100,000 for the current value of the annuity, or $ 300,000 in total lifetime benefits.

On death, the fund value or 105 % of premiums paid or total premiums compounded at 0.5 % - 3 % depending on the risk profile chosen, whichever is the highest, is paid to the nominee entirely in cash or in annuity payouts

On death of the insured, higher of the fund value or 105 % of all premiums paid or total premiums compounded at 0.5 % - 3 % depending on the risk profile chosen, is payable to the nominee who can withdraw the entire amount or use the amount to avail annuity from the company

With the unfortunate demise of the life insured before the vesting date, the death benefit payable to the nominee is the higher of the Fund Value or 105 % of the total premiums paid till date.The nominee has the option to take this amount as annuity from us or to withdraw the proceeds.