Sentences with phrase «value of an annuity provided»

If $ 300,000 has been contributed on behalf of a teacher (including accumulated returns), then the cash value of an annuity provided to this teacher should also be $ 300,000.

Not exact matches

The value of the vested Account balance in the Cash Balance Plan is payable to the team member at any time after termination of employment in either a lump sum or an actuarially equivalent monthly annuity as provided under the Cash Balance Plan and as elected by the team member.

The DOL fiduciary rule has provided an impetus for change in much of the financial planning world — and the variable annuity marketplace is one area that may be evolving in such a way that the new fee - based products may actually add value for clients who are interested in variable products.

Variable annuities provide the potential to grow your assets and defer paying taxes on the earnings until you withdraw them as income.1 A diverse menu of professionally managed investment choices allows you to invest your contract value in a way that reflects your goals, time horizon, and risk tolerance.

In addition, some index - linked annuities provide opportunities to protect a portion of the annuity's account value, while variable annuities with a guaranteed withdrawal benefit feature can protect the amount of a person's future income.

We provide a full range of legal and regulatory services to insurance companies, broker - dealers and service providers relating to the design, marketing, and sale of variable insurance products, individual and group annuities, fixed indexed annuities, market - value - adjustment products, synthetic annuities, BOLI, funding agreements, stable value wrap contracts, and other innovative products.

The fee structure in broker sold variable annuities such as the one in the analysis above is such that it diminishes the value of the guarantees the products are supposed to provide.

IRS Form 712 (also referred to as «IRS 712 Special Statement») is a statement that provides annuity contract values as of the date of an owner's death.

The annuity would provide lifetime (or a certain yearly amount) of future payments, but would have no value at death while the life policy would immediately create a sizable death benefit providing tax - free proceeds to children or a spouse at passing.

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.

Although the insurance is broken down into cash value life insurance and annuities, there is a considerable amount of leeway within those terms that provides customizable policies for the individual.

Additional riders can also be added to variable annuities which will provide either a protection of the investment value or even a minimum guaranteed rate of return if certain allocation standards are met.

You also can convert the cash value of permanent insurance into an annuity, which can provide you with an income for life.

In case of life assured surviving till vesting date, fund value is compulsorily be utilised to provide an annuity based on the then prevailing immediate annuity rates under the relevant annuity option.

The advantage of the annuity is that it provides a higher payment of the current value at the time of death.

American General, Houston • TX 2004 — 2006 Annuity Customer Service Analyst Provided superior customer service and support as a qualified Annuity Analyst, responding to telephone inquiries and complaints from participants regarding contract provisions, account balances, transfer of value, allocation changes, and personal data changes on client annuities, IRA's.