Sentences with phrase «value of the annuity contract»

Therefore, the accumulated value of the annuity contract is paid to the designated beneficiary of the contract.

Naturally, if you do take an early withdrawal, your death benefit and the cash value of the annuity contract will be reduced.

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.

Not exact matches

Investing in a variable annuity involves risk of loss — investment returns and contract value are not guaranteed and will fluctuate.

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.

(If you buy a longevity annuity within an IRA, 401 (k) or similar retirement account, you'll want to be sure it's been designated a QLAC, or Qualified Longevity Annuity Contract, and that you limit your investment to the lesser of $ 125,000 or 25 % of your account value.)

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...

ForeAccumulation fixed index annuity includes a Guaranteed Minimum Accumulation Value (GMAV).2 This value has the potential to increase your contract value at the earlier of the first owner's death or at the end of the chosen withdrawal charge period, assuming no withdrawals have been tValue (GMAV).2 This value has the potential to increase your contract value at the earlier of the first owner's death or at the end of the chosen withdrawal charge period, assuming no withdrawals have been tvalue has the potential to increase your contract value at the earlier of the first owner's death or at the end of the chosen withdrawal charge period, assuming no withdrawals have been tvalue at the earlier of the first owner's death or at the end of the chosen withdrawal charge period, assuming no withdrawals have been taken.

While some types of annuities allow portions of the account value to be withdrawn for income needs, annuity owners typically can't withdraw the full account value in the early years of the contract without potentially paying a withdrawal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

Under the terms of our annuity contracts currently being issued, the death of the owner, if different than the annuitant, will cause the accumulated value of the annuity, minus applicable withdrawal charges and Market Value Adjustment, to be paid to the designated beneficvalue of the annuity, minus applicable withdrawal charges and Market Value Adjustment, to be paid to the designated beneficValue Adjustment, to be paid to the designated beneficiary.

Your annuity values are guaranteed by contract and protected by the financial strength of Liberty Bankers Life.

Fixed annuities offer a standard death benefit of a lump sum payment or withdrawals under an income option of the full value of the contract at time of death.

A PerspectiveSM variable annuity includes a standard death benefit equal to the contract value on the date of the claim and does not include any additional guarantees.

However, if your annuity contract stipulates you won't receive payments for five or ten years, you will have to sacrifice some of the value of payments to get the income now.

These plans are funded solely with insurance products such as cash value life insurance or fixed annuity contracts, and the plan owner can often deduct hundreds of thousands of dollars in contributions to these plans each year.

Investing in a variable annuity involves risk of loss — investment returns and contract value are not guaranteed and will fluctuate.

Most states afford some level of asset protection for the cash value in annuity contracts and with states like Texas and Florida offering the highest level of protection.

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.

This fixed index annuity offers the same traditional fixed annuity benefits such as guaranteed minimum interest and death benefits, flexible retirement income options, and tax - deferred * earnings, but has the added feature of a 2.5 % or 5 % bonus to give your contract value an instant boost.

With an indexed annuity, you may be able to withdraw up to 10 % of the contract value each year with no surrender charges.

If Grandma dies first, the value of the annuity will pass to her beneficiary named in the contract.

GOLD SERIES SAGE CHOICE SINGLE PREMIUM DEFERRED ANNUITY — PRODUCT OVERVIEW 6 Year Single Premium Deferred Annuity Issue Ages: 15 days — 90 years (age last birthday) Minimum Premium — $ 2,000 Maximum Premium — $ 500,000 per Owner Free Withdrawal Provision («Bailout Feature»): Included in the Contract Guaranteed Minimum Interest Rate: 2 % for the first 10 years and 3 % thereafter Contract Loan — Not Available for this product Free - Look Period — 30 days Death Benefit: Accumulation Value on the date of the Owner's death.

With regard to the required payout of a deferred annuity at death, all deferred annuity contracts issued since January 18, 1985 must pay out the contract value upon the death of the owner [IRC Sect. 72 (s)-RSB-.

The owners of these contracts who actually pay for such riders have the means to invest their funds in more aggressive manner, since the income they acquire from their annuities is normally dependent on the maximum value that their contracts attain before they are annuitized.

Variable annuity contract values will fluctuate and are subject to market risk including the possible loss of principal.

The investor also loses optional death benefits, contract value at death (depending on the timing of the election and contract terms the contract value could be realized over a specified period of time) and most other features purchased with the annuity.

And because any growth in your annuity value is generally not taxed until you take money out of the contract, the combination of tax deferral and the ability to establish guaranteed income can be an effective way to plan for retirement and other long term goals.

According to the complaint, MassMutual markets a number of stable value funds, or SVAs, to retirement plans, each of which utilizes group annuity contracts issued by MassMutual.

The cash value of an annuity account is set by the contract, similar to the cash value accumulation and life insurance, and varies between a fixed index annuity on one end of the spectrum AND a variable annuity on the other end.

An adjustment made to the value of one or more of the contract accounts, if the group annuity contract is terminated in whole or in part.

Indexed annuity contracts also offer a specified minimum which the contract value will not fall below, regardless of index performance.

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.

Your annuity values are guaranteed by contract and protected by the financial strength of Liberty Bankers Life.

Under the terms of our annuity contracts currently being issued, the death of the owner, if different than the annuitant, will cause the accumulated value of the annuity, minus applicable withdrawal charges and Market Value Adjustment, to be paid to the designated beneficvalue of the annuity, minus applicable withdrawal charges and Market Value Adjustment, to be paid to the designated beneficValue Adjustment, to be paid to the designated beneficiary.

And because any growth in your annuity value is generally not taxed until you take money out of the contract, the combination of tax deferral and the ability to establish guaranteed income can be an effective way to plan for retirement and other long term goals.

A primary benefit of using an annuity as part of your retirement planning strategy is the creation of a stream of guaranteed payments when contract value is exchanged for them.

They allow you to convert a lump sum of money into guaranteed income for the rest of your life, or to invest over time and later convert the annuity contract's value into guaranteed income payments.

With an indexed annuity, you may be able to withdraw up to 10 % of the contract value each year with no surrender charges.

And, any growth in your annuity value is generally not taxed until you take money out of the contract.

GOLD SERIES SAGE CHOICE SINGLE PREMIUM DEFERRED ANNUITY — PRODUCT OVERVIEW 6 Year Single Premium Deferred Annuity Issue Ages: 15 days — 90 years (age last birthday) Minimum Premium — $ 2,000 Maximum Premium — $ 500,000 per Owner Free Withdrawal Provision («Bailout Feature»): Included in the Contract Guaranteed Minimum Interest Rate: 2 % for the first 10 years and 3 % thereafter Contract Loan — Not Available for this product Free - Look Period — 30 days Death Benefit: Accumulation Value on the date of the Owner's death.

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.

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 death benefit on most equity - indexed annuities is equal to the full contract value, i.e. premium plus accrued gains compounded annually minus any prior withdrawals, calculated as of the date of death, or in some cases, as of the last contract anniversary.

The cash surrender value is the sum of money an insurance company pays to a policyholder or an annuity contract owner in the event that his or her policy is voluntarily terminated before its maturity or an insured event occurs.

The benefits of a longevity annuity are even greater since 2014, when the U.S. Treasury Departmeni issued a new rule [5] allowing the purchase of a Qualifying Longevity Annuity Contract (QLAC), [6][7] also known as Qualified Longevity Annuity Contract, [8] within an IRA or an employer tax - qualified retirement plan, without having to include the value of the annuity in the annual required minimum distribution (RMD) at age 70 1/2, which is taxable as ordinary income.

By locking the One - Year Enhanced Death Benefit Rider in at the highest annual contract anniversary, you may be able to increase the value of your variable annuity for your beneficiaries.

By locking the One - Month Enhanced Death Benefit in at the highest monthly contract anniversary, you may be able to increase the value of your variable annuity for your beneficiaries.

4 Amounts below this value will only be offered where the proceeds are from a contract issued or administered by the Company where compulsory purchase of an annuity is required and to the subscribers of the National Pension System regulated by the Pension Fund Regulatory and Development Authority (PFRDA)

[x] Different ways that can be used by a contract owner by which he can apply for cash surrender value of an insurance or annuity contract due to any lapse.

The cash value of an annuity account is set by the contract, similar to the cash value accumulation and life insurance, and varies between a fixed index annuity on one end of the spectrum AND a variable annuity on the other end.