Sentences with phrase «which type of annuity»

That might sound great until you think about inflation, which this type of annuity doesn't do.

When considering an annuity, the first question to discuss with a financial professional is which type of annuity suits your priorities, your long - term financial goals, and your comfort with risk.

Consider your financial needs and goals, as well as your tolerance of risk, to determine which type of annuity better serves you.

When considering an annuity, the first question to discuss with a financial professional is which type of annuity suits your priorities, your long - term financial goals, and your comfort with risk.

Not exact matches

While the Department believes that most parties receiving compensation in connection with annuity recommendations can readily rely on the broad transition exemption in the BIC Exemption, discussed above, some parties have expressed a preference to continue to rely on PTE 84 - 24, as amended in 2006, which has historically been available to the insurance industry for all types of annuity products.

The prevailing tack for selling annuities is the same type of shifty pitch on which every Ponzi scheme is premised, according to top money manager Ken Fisher.

While these types of annuities remain permissible under the DOL rule, an advisor must now ensure that the recommended product is in the client's best interests, including with respect to the advisor's compensation, which must be «reasonable.»

The prevailing tack for selling annuities is the same type of shifty pitch on which every Ponzi scheme is premised, top money manager Ken Fisher contends, in an interview with ThinkAdvisor.

A «deferred income annuity,» which is the type of annuity the Treasury Department touted last fall in its guidelines, provides an income stream that generally continues throughout your life.

Explore the options below to learn more about each of the most common types of annuities and evaluate which type may suit your individual financial objectives.

Fixed index annuities are a type of fixed annuity that earns interest, in part, based on changes in a market index, which measures how the market or part of the market performs.

Similarly, if your nest egg is large enough so that your chances of running through it in your lifetime are very low or negligible, then you also may not need any type of guaranteed income beyond Social Security, in which case you simply may not have to devote any of your assets to a longevity annuity or an immediate 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 basi...

For example, one type of annuity product is a life insurance irrevocable trust, which can be a great tool for property protection and federal estate tax savings.

There are also 2 broad classifications of annuities (applicable to all types) which are qualified annuities and non-qualified annuities.

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.

Despite their many advantages, however, these types of annuities also have downsides, the biggest of which is that in return for a guaranteed payment you lose access to the money you've invested.

Explore the options below to learn more about each of the most common types of annuities and evaluate which type may suit your individual financial objectives.

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.

Explore the three primary types of annuities, the optional benefits each may include, and which type may suit your investing and retirement goals.

This type of annuity acts more like life insurance, except instead of paying off when you die, it starts making payments if you're still alive late in retirement (which is likely given today's long life spans).

This type of annuity has two main phases, the savings and planning phase in which you invest money into the account, and the income phase in which the plan is converted into an annuity and payments are received.

There are many kinds of annuities out there, but there are two types that I think make the most sense for retirees looking to convert a bit of savings into a lifetime income stream: immediate annuities, which as their name implies, begin making payments immediately; and longevity annuities, which start making payments in the future, sometimes 10 or 20 years down the road.

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.

Through a comprehensive financial review, you can learn more about the various types of annuities and work with a financial professional to determine which, if any, may be suitable for your long - term financial goals.

Then to compound this disaster, some people fall for the very worst thing one can do with their 401 (k) plan, which is to roll it over into an annuity (of any kind), when they can escape this type of retirement plan's captivity.

I say «more» because you and your wife will already be eligible to collect Social Security, which is itself a type of annuity, indeed, one designed to automatically boost its payments each year to keep pace with inflation (although if the inflation benchmark used by Social Security doesn't rise, neither will payments, witness the fact that Social Security recipients won't receive a cost - of - living increase in 2016).

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

Immediate annuity plans usually have different types of options which the customer might choose to receive annuity.

There are different types of annuity options available to the policyholder on vesting which are:

HDFC Standard Life offers different types of retirement plans also called pension plans which take care of the income post retirement by regular flow of annuity payments for as long as the annuitant is alive.

By 1891, Aetna was offering its first accident policy, the first type of policy they would offer which wasn't an annuity or life insurance policy.

For example, one type of annuity product is a life insurance irrevocable trust, which can be a great tool for property protection and federal estate tax savings.

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.

Just like the other types of annuities, these will grow tax - deferred, which means that you won't see taxes until you start paying out the annuity.

There are different types of fixed annuities like Fixed Rate Annuities (MYGAs), Fixed Index Annuities (FIAs), and Traditional Fixed Annuities, which all fully protect your principal and contractually guarantee thaannuities like Fixed Rate Annuities (MYGAs), Fixed Index Annuities (FIAs), and Traditional Fixed Annuities, which all fully protect your principal and contractually guarantee thaAnnuities (MYGAs), Fixed Index Annuities (FIAs), and Traditional Fixed Annuities, which all fully protect your principal and contractually guarantee thaAnnuities (FIAs), and Traditional Fixed Annuities, which all fully protect your principal and contractually guarantee thaAnnuities, which all fully protect your principal and contractually guarantee that safety.

This type of annuity has two main phases: the savings phase in which you invest money into the account, and the income phase in which the plan is converted into an annuity and payments are received.

There are 2 types of annuities you can choose which include:

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.

Permanent life provides tax deferred cash accumulation throughout the life of the policy, which can be used as collateral, cashed out, or paid out as a retirement annuity, depending on the policy type.

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.

On vesting, the annuity instalment, mode of annuity payment and type of annuity which shall be made available to the Life Assured (Annuitant) / Nominee will depend upon the then prevailing Immediate Annuity plan of the Life Insurance Corporation of India and its terms and conditions.