Sentences with phrase «withdrawal benefit»
The phrase "withdrawal benefit" refers to some form of advantage or advantage you receive when you withdraw or take out money from a specific financial account, such as a retirement plan or an insurance policy. It is a benefit or perk associated with making a withdrawal. Full definition
If you want to keep control over the money you invest in an annuity, consider a variable annuity with a guaranteed lifetime withdrawal benefit rider.
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If you want to keep control over the money you invest in an annuity, consider a variable annuity with a guaranteed lifetime withdrawal benefit rider.
Another feature provides a guaranteed withdrawal benefit for life in an optional rider available for an additional fee.
The Income Base is a value upon which the lifetime withdrawal benefit amount is calculated.
Adding what's called a guaranteed lifetime withdrawal benefit feature to a variable annuity can introduce some protection for future income.
A variable annuity purchased with an optional guaranteed lifetime withdrawal benefit provides a guaranteed stream of income for life.
Lifetime withdrawal benefit commencement is low, 12 % in the first duration and then falling to the 6 - 7 % range in subsequent years, with an increase after year 10.
It can help turn retirement savings into an annual withdrawal benefit.
It's important to note that you will receive higher withdrawal benefits upon successful verification.
Guaranteed minimum withdrawal benefit riders can be added to variable annuities to ensure that some minimum value is paid out even if the investments inside the contract perform poorly.
Guaranteed withdrawal benefit riders and lifetime income riders are features offered with some variable annuity contracts - and they can be quite appealing because they do just that; they guarantee lifetime income.
Another feature provides a guaranteed withdrawal benefit for life as an optional feature available for an additional fee.
When contracts with lifetime withdrawal benefits are at - or in the money, policyholders increase the frequency of standard benefit withdrawals.
In the event of multiple benefit elections with conflicting investment requirements, the requirements for the Daily withdrawal benefit elected will prevail.
Extension of tax - free withdrawal benefit from National Pension Scheme (NPS) has been proposed by the government to non-employee subscribers.
In most jurisdictions, the rider form numbers for the Guaranteed Lifetime Withdrawal Benefit Rider are ICC14 - R101 (book value) and ICC14 - R102 (MVA); in some states, they may be 214 - R101 (book value) and 214 - R102 (MVA), and state variations may apply.
Electing Legacy Lock IV alongside either Daily 7 or Daily +5 withdrawal benefit gives you all of the features of the Live Strategy while also helping to protect your legacy.
Legacy Lock IV is available at an additional cost, and only when paired with either the Daily 7 or Daily +5 optional withdrawal benefit.
In the event of multiple benefit elections with conflicting investment requirements, the requirements for the Daily withdrawal benefit elected will prevail.
ForeRetirement variable annuity offers two daily withdrawal benefit options that may provide you with greater choice and flexibility.
Electing Legacy Lock IV alongside either Daily 7 or Daily +5 withdrawal benefit gives you all of the features of the Live Strategy while also helping to protect your legacy.
The buyer can also avail partial withdrawals benefit for meeting unplanned expenses.
Pacific Life Insurance Company has launched Core Protect Plus, an optional guaranteed minimum withdrawal benefit available for an additional cost with certain Pacific Life variable annuities.
A variable annuity with a lifetime withdrawal benefit typically provides lower guaranteed income but offers more investment accessibility.
Many fixed annuities offer optional benefits, which may include guaranteed lifetime income, the opportunity to make annual penalty - free withdrawals of a certain portion of the contract, an accelerated withdrawal benefit for certain health conditions, a terminal illness benefit, and an extended care benefit.
Franklin Templeton educates this age group about that option, he said, along with a plethora of investment options, including «GMWBs [guaranteed minimum withdrawal benefit annuities] and other guaranteed income choices, managed payout strategies, TIPS [Treasury inflation - protected securities], diversified inflation strategies and partial withdrawals.
Most commonly, this is in the form of commutation, or withdrawal benefit which permits accelerating upcoming monthly benefits.
The Assured Edge Income Builder is a fixed annuity with a guaranteed lifetime withdrawal benefit designed to offer guaranteed income for life, plus a rising income opportunity.
With the Lifestyle Income Solution rider, the policy holder can access guaranteed monthly withdrawal benefits — regardless of the cash surrender value within the policy.
Contract owners can benefit from upside portfolio potential while enjoying the protection of a guaranteed lifetime minimum withdrawal benefit if the portfolio drops in value.
Much of this growth came from consumers buying FIAs with guaranteed living withdrawal benefits (GLWBs), some with benefit base rollups as high as 8 or 9 percent and withdrawal rates greater than those in variable annuities, the report said.
If a withdrawal taken before the end of the initial Indexed Option Period exceeds the greater of the RMD requirement or the 10 % free withdrawal benefit, the excess amount withdrawn will be subject to MVA.
We call it the Guaranteed Lifetime Withdrawal Benefit Rider.
The guaranteed lifetime withdrawal benefit feature can also lock in higher levels of guaranteed income when the market performs well, on specific contract anniversaries.
Legacy Lock IV is available at an additional cost, and only when paired with either the Daily 7 or Daily +5 optional withdrawal benefit.
ForeRetirement variable annuity offers two daily withdrawal benefit options that may provide you with greater choice and flexibility.
Scenario C - Partial Withdrawal Benefit: Mr. Kumar makes a partial withdrawal at the end of the 10th policy year, the applicable fund value is payable as the partial withdrawal amount plus the fund value is payable at maturity of the policy.
A single - premium indexed annuity that offers protection from market loss, a 10 - year surrender charge period, and lifetime income via a choice of two optional guaranteed minimum withdrawal benefit riders.
In particular, he cites the near disastrous episode Manulife suffered with a variable annuity called Guaranteed Living Withdrawal Benefits, or GLWBs, and which he says almost brought the company and the possibly the whole industry to the point of insolvency.
The one exception I'm aware of is payments made under the Guaranteed Lifetime WITHDRAWAL Benefit of Lincoln National's «IForLife» product.
There are different types of income annuities you may consider: an immediate income annuity, a deferred income annuity, or a fixed deferred annuity with a guaranteed lifetime withdrawal benefit (GLWB).
In addition to helping you save for retirement, the Vanguard Variable Annuity also can provide you with dependable cash flow during retirement if you choose the Guaranteed Lifetime Withdrawal Benefit rider.
Fixed index annuities (FIAs) provide the ability to earn interest and create a stream of lifetime income through annuity options or, if offered, a guaranteed lifetime withdrawal benefit (GLWB) rider, while being protected from market loss.
The expense ratio excludes additional fees that would apply if the Return of Premium death benefit rider or Secure Income (Guaranteed Lifetime Withdrawal Benefit) rider is elected.
Variable annuities» contractual guarantees are linked to interest rates in the market and the higher rates rise, the richer the living withdrawal benefit.