Sentences with phrase «type of annuity at»

Any product changes and enhancements or new launches will complement the company's annuity product families and not «pivot» from one type of annuity at the expense of another, she said.

Not exact matches

Fortunately, the type of annuity you're asking about — an immediate annuity — is (by annuity standards at least) the easiest to understand and, to my mind the type with the greatest potential for helping people who want more guaranteed lifetime income than Social Security alone will provide.

«Lumping immediate annuities with all the other types is rather disingenuous,» said Wade Pfau, professor of retirement income at The American College of Financial Services and director of retirement research at McLean Asset Management in McLean, Virginia.

At Protective Life, we offer different types of annuities to help meet your particular financial goals in retirement.

As I mentioned at the start of this page, an Insurance Annuity is not necessarily the same thing as the type of annuity I've discussed above.

And while some types of variable annuities are good at protecting against «sequence of returns» risk, only a few versions offer true longevity insurance and / or some protection against inflation via step - up payments.

But if you really want to turn a portion of your nest egg into something that approximates a pension — a specific amount of money you can count on month in and month out for the rest of your life — then I suggest you suspend your wariness about annuities long enough to at least consider a type of annuity that's easier to understand, less prone to the abuses that are too often associated with annuities and is very efficient at turning savings into assured lifetime income — namely, an immediate annuity.

If you're the type of person who finds comfort in the guaranteed lifetime income of a DB plan, then if corporate circumstances have forced you to convert a DB pension into a LIRA, your ultimate intention should, at age 71, be to convert it to an annuity.

Depending upon the type and the amount of the policy, a beneficiary will typically have several choices regarding how the death benefit from the policy will be paid — all at once, or over time from an annuity.

With this type of annuity, your money will grow at a guaranteed interest rate for a set period of time.

At the time of this writing, although this may be changing, the step up in basis that is afforded other types of assets upon death is NOT available for annuities.

Depending on the type of annuity (e.g., immediate, fixed, fixed - indexed or variable) monthly payments are based on your age and interest rates at the time it is set up.

At first glance, I'd say you probably don't need to put any of your savings into an immediate annuity, a type of investment that converts a lump sum into guaranteed monthly payments for life.

Last week we looked at the different types of annuities that are available in Canada.

Manulife IncomePlus is a Guaranteed Minimum Withdrawal Benefit (GMWB) type of variable annuity product aimed at people who are about to retire or in their early retirement years.

To better understand how annuities work, let's look at some types of annuities and their main features.

Manulife IncomePlus is a Guaranteed Minimum Withdrawal Benefit (GMWB) type of variable annuity product aimed at people who are about to retire or in their... Read More»

We'll look at how that translates into specific decisions to make, such as when you (and your spouse if married) take Social Security, what survivor option you choose on your pension, the benefit of using annuities, the types of accounts you fund while working, the tax impact you may incur as a single tax filer, etc..

Depending upon the type and the amount of the policy, a beneficiary will typically have several choices regarding how the death benefit from the policy will be paid — all at once, or over time from an annuity.

These plans are essentially of two types, Unit Linked Insurance Plans or ULIPs that provides returns based on market performance, and traditional endowment plans that offer a lump sum or annuity payout at the end of the policy term when the life insurance policy matures.

In Canada the most common type of annuity is the life annuity, which is normally purchased by persons at their retirement age with tax - sheltered funds or with savings funds.