Sentences with phrase «types of annuity contracts»

As the name implies, hybrid annuities are simply a combination of two or more basic types of annuity contracts.

Protection from creditors: Although this benefit varies somewhat by state, many states mandate that all monies that are placed inside variable or other types of annuity contracts can not be attached by creditors.

There are several different types of annuity contracts you can buy, but they fall into three major categories:

It is important to understand that certain types of annuity contracts may be deemed inappropriate for certain types of consumers.

A split - annuity strategy involves purchasing two types of annuity contracts: immediate and deferred.

A type of annuity contract which provides periodic income payments for a specified number of years.

A deferred annuity is a type of annuity contract that delays payments of income, installments or a lump sum until the investor elects to receive them.

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

Not exact matches

When you purchase this type of annuity, your future income amount is guaranteed to increase on each contract anniversary for a set period of time or until your first lifetime withdrawal, whichever comes first.

It found that mortality varies by type of guarantee included in the annuities, the tax status of the policy (tax qualified or not) and contract size.

An annuity is an insurance contract, and the issuing insurance company provides some type of guarantee on your investment.

In the world of annuities, there are a few different types of contracts which vary based upon how the cash value is accumulated on a tax deferred basi...

While some types of annuities allow portions of the account value to be withdrawn for income needs, annuity owners typically can't withdraw the full account value in the early years of the contract without potentially paying a withdrawal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

Immediate annuities are the least common type of contract and only suitable in certain situations.

Period certain annuity — This type of immediate annuity guarantees that the contract pays out for a certain period of time.

«Equity index annuity» and «fixed indexed annuity» are used almost interchangeably to refer to the same type of contract.

This type of annuity requires a single purchase payment upon which you'll begin receiving regular payments for the time period specified in your contract, which could last your lifetime.

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 are insurance contracts that build in costs to cover the payment guarantees, and with some types of annuities, you can't change your mind and get your moAnnuities are insurance contracts that build in costs to cover the payment guarantees, and with some types of annuities, you can't change your mind and get your moannuities, you can't change your mind and get your money back.

Whatever type of annuity you choose, carefully review the fee structure to make sure you're getting more money out of the contract than you're putting in.

SIPC covers most types of securities, such as stocks, bonds, mutual fund shares and variable annuities, but it does not cover commodities (including commodity futures contracts and options), fixed annuity contracts, currency or investment contracts (such as limited partnerships) that are not registered with the SEC under the Securities Act of 1933.

When you purchase this type of annuity, your future income amount is guaranteed to increase on each contract anniversary for a set period of time or until your first lifetime withdrawal, whichever comes first.

The specifics of how annuities are taxed change based on what type of annuity you buy and what type of annuitization option you select, as well as whether you purchase the contract with pre-tax or after - tax money.

Because each annuity contract has different terms, features, and requirements, the type of annuity you buy should be based upon your particular needs, such as the need for income, growth from a conservative investment, potential growth from a variable annuity, or the need to access the value in the annuity.

In the world of annuities, there are a few different types of contracts which vary based upon how the cash value is accumulated on a tax deferred basis.

The fees and expenses on a variable annuity contract can be quite steep when compared to other types of market based investments (and even other annuity types).

Conclusion The insurance riders available in most variable annuity contracts today can provide many types of protection for contract owners and beneficiaries.

The first type is a guaranteed minimum death benefit (GMDB), which can be received only if the owner of the annuity contract, or the covered annuitant, dies.