Sentences with phrase «types of annuities allow»

While many types of annuities allow the annuity owner to name a beneficiary (usually a spouse) who will be eligible for either continued payments or death benefits, a straight life annuity forgoes this added benefit in favor of higher guaranteed payments while the annuitant is alive.

While some types of annuities allow portions of the account value to be withdrawn for income needs, annuity owners typically can't withdraw the full account value in the early years of the contract without potentially paying a withdrawal charge.

Not exact matches

If you're concerned about inflation, you can purchase a variable annuity that allows you to invest in multiple types of securities.

Some of today's state - of - the - art annuities allow for income increases in the future as well as other valuable long - term care - type benefits, such as an income doubler that can double your guaranteed income for up to five full years for skilled nursing or home healthcare.

Thus, the only type of annuity that allows the insurance company to keep the undistributed balance of the investment when the owner passes away is a lifetime immediate income annuity account with no period certain.

This type of annuity is an insurance company product that is designed to accumulate tax - deferred retirement savings and allows you to participate in the markets.

Like other types of cash value life insurance policies which allow policy loans, most annuity contracts allow owners to borrow against the annuity contract's accumulated cash value.

Annuities certainly aren't for everyone, but generally I think people who feel they need more guaranteed income than Social Security alone can provide should consider putting some (but not all) of their savings into two types of annuities that are relatively easy to understand and evaluate: immediate annuities, which convert a lump sum of savings into monthly payments that begin immediately, and longevity annuities, which allow you to convert an investment now into payments that will start later, say, 10 or more years down Annuities certainly aren't for everyone, but generally I think people who feel they need more guaranteed income than Social Security alone can provide should consider putting some (but not all) of their savings into two types of annuities that are relatively easy to understand and evaluate: immediate annuities, which convert a lump sum of savings into monthly payments that begin immediately, and longevity annuities, which allow you to convert an investment now into payments that will start later, say, 10 or more years down annuities that are relatively easy to understand and evaluate: immediate annuities, which convert a lump sum of savings into monthly payments that begin immediately, and longevity annuities, which allow you to convert an investment now into payments that will start later, say, 10 or more years down annuities, which convert a lump sum of savings into monthly payments that begin immediately, and longevity annuities, which allow you to convert an investment now into payments that will start later, say, 10 or more years down annuities, which allow you to convert an investment now into payments that will start later, say, 10 or more years down the road.

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.

Depending on the type of annuity purchased, these products will also allow for tax - deferred buildup of funds during the «accumulation» period.

An annuity is a type of insurance product that will pay out income, and can also be used as part of an overall retirement strategy, as the funds that are inside of an annuity are allowed to grow tax - deferred.

A variable annuity is a type of annuity contract that allows for the accumulation of capital on a tax - deferred basis.