Sentences with phrase «withdrawal benefit amount»

The Income Base is a value upon which the lifetime withdrawal benefit amount is calculated.

Lifetime withdrawal benefit amount tied to the length of the deferral period — the longer you wait to take your lifetime withdrawal benefit amount, the higher your lifetime income will be5

Not exact matches

Please note that the policy's death benefit and cash value will be reduced by the amount of any loans or withdrawals you take.

In addition to the benefits of giving to charity, a QCD excludes the amount donated from taxable income, which is unlike regular withdrawals from an IRA.

So you can «live» with guaranteed withdrawals for lifetime income and still have the potential to «give» a legacy through death benefit proceeds equal to the amount of premium you invested, subject to the benefit guidelines.

With Legacy Lock IV, your death benefit may be undiminished by your guaranteed withdrawal amounts or RMDs, subject to benefit guidelines.

Withdrawals will reduce the death benefit and any optional guaranteed amounts in an amount more than the actual withdrawal.

According to our figures (and I keep asking you to use the figures set out in the Liberal Democrat and Labour document not the figures given by the IFS who state they got their figures from these documents but actually give different figures) to reverse the cuts to Universal Credit cost # 3.665 billion and as I pointed out above these are the reductions in the amounts a person can keep before they start to lose their benefit, which were set much higher than the old benefits, but the withdrawal rate seemed to be higher with Universal Credit (65 % [reduced to 62 %] than with Tax Credit (41 % on gross income).

So you can «live» with guaranteed withdrawals for lifetime income and still have the potential to «give» a legacy through death benefit proceeds equal to the amount of premium you invested, subject to the benefit guidelines.

With Legacy Lock IV, your death benefit may be undiminished by your guaranteed withdrawal amounts or RMDs, subject to benefit guidelines.

But, for the Fixed Indexed Annuity in Option 1, any withdrawals made above the allowable amount will substantially reduce the guarantee income benefit and cancel the guarantee that it continues for life.

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Indexed Option Period exceeds the greater of the RMD requirement or the 10 % free withdrawal benefit, the excess amount withdrawn will be subject to MVA.

* Early withdrawal from the Personal Income BenefitSM account value or withdrawals from the Personal Income BenefitSM account value that exceed the Guaranteed Annual Withdrawal Amount may significantly reduce or eliminate the value of the Personal Income Benefit wwithdrawal from the Personal Income BenefitSM account value or withdrawals from the Personal Income BenefitSM account value that exceed the Guaranteed Annual Withdrawal Amount may significantly reduce or eliminate the value of the Personal Income Benefit wWithdrawal Amount may significantly reduce or eliminate the value of the Personal Income Benefit withdrawalwithdrawal.

The Guaranteed Transfer Withdrawal Rate is applied to all investment option transfers from the Non-Personal Income Benefit Investment Options to the Personal Income Benefit variable investment options, contributions made in a lump sum (including amounts attributable to contract exchanges and direct transfers from other funding vehicles under the Plan) and rollovers.

Withdrawals may reduce death benefit and any optional guaranteed amounts in an amount more than the amount of the withdrawal.

This benefit includes a choice of two Withdrawal Base1 growth options — 10 % with no interest credits added or 7.5 % plus an additional dollar amount of interest credits annually, minus any withdrawals.2, 3 In addition, ForeIncome offers a Guaranteed Minimum Surrender Value (GMSV) 4 which has the potential to increase contract value but terminates on the GLWB activation date.

Early withdrawals are withdrawals taken from the Personal Income Benefit variable investment options before an employee has elected to begin receiving Guaranteed Annual Withdrawal Amount payments.

After a full contract year, an employee can request to transfer amounts out of the Personal Income Benefit, causing an early withdrawal which will significantly reduce or eliminate the value of the Personal Income Benefit.

All contributions into the Personal Income Benefit generate a Guaranteed Annual Withdrawal Amount (GAWA).

Once employees begin taking Guaranteed Annual Withdrawal Amount payments, no additional contributions can be made to the Personal Income Benefit.

Withdrawals may reduce death benefit and reduce any optional guaranteed amounts in an amount more than the amount of the withdrawal.

If an employee dies before starting Guaranteed Annual Withdrawal Amount payments, or if he or she started payments on a Single - Life basis, the beneficiary would receive the Personal Income Benefit account value.

Dividends, capital gains, withdrawals from IRAs in excess of the required minimum distribution, Roth IRA conversions, and even interest from municipal bonds can increase the amount of Social Security benefits that are taxed.

This benefit includes a choice of interest crediting options — 10 % with no interest credits added or 7.5 % plus an additional dollar amount of interest credits annually (minus withdrawals).2

Using money from outside the retirement account to pay tax on the conversion effectively increases the amount of money sheltered from tax, and over a long enough period the benefit of this added sheltering outweighs the detriment of paying conversion tax at a higher rate than the anticipated withdrawal rate.

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.

One of the big benefits of RRSPs is that when you withdraw the money, you don't necessarily pay the marginal tax on the withdrawals but rather the average tax on the amount you withdraw.

As with withdrawals, loans can reduce the amount of your policy's death benefit.

Some life insurance may offer death benefit options, including: a specific benefit that does not vary; a face amount plus the policy value; or the face amount plus premiums paid less withdrawals and loans.

In addition to the benefits of giving to charity, a QCD excludes the amount donated from taxable income, which is unlike regular withdrawals from an IRA.

if the amount of the pension account balance is less than the withdrawal benefit that the member would be entitled to if the pension were to be fully commuted — the amount of the withdrawal benefit.

Loans and withdrawals reduce the policy's cash value and death benefit amount.

Total Withdrawals: This refers to the total amount of money that has been paid out to you either through your voluntary contribution (VC) or from your retirement benefit payments.

Total Withdrawals from Inception: This refers to the total amount of money that has been paid out to you as Voluntary Contribution (VC), retirement benefit payments or the total withdrawals made on your account based on the advice of youWithdrawals from Inception: This refers to the total amount of money that has been paid out to you as Voluntary Contribution (VC), retirement benefit payments or the total withdrawals made on your account based on the advice of youwithdrawals made on your account based on the advice of your employer.

If a withdrawal taken before the end of your chosen Indexed Option Period exceeds the greater of the RMD requirement or the 10 % free withdrawal benefit, the full amount withdrawn will be subject to withdrawal charges.

Lincoln Financial's policies allow you to take out tax - free life insurance loans using your cash value as collateral, though withdrawals affect the amount of your death benefit.

If so, I use a specific fixed indexed annuity that offers a contractual 4 % annual compounding death benefit to offset the annual RMD withdrawal amount.

Strong savers — including those who contribute the maximum amount allowed by the IRS each year — are good Roth candidates because they are likely to have a bigger nest egg in retirement that can benefit from Roth's tax - free withdrawals.

Your life insurance version will include a guaranteed death benefit, which means your beneficiary will receive the amount invested, minus a withdrawal fee.

The withdrawal and growth percentages and living benefit fees may change and the amounts listed herein may not be the most current rates.

You can supplement retirement income by taking loans or withdrawals from accumulated cash value (although the policy's cash value and death benefit are reduced by the amount taken, plus any loan interest charged).

It is important to note, however, that even though a withdrawal or a loan is not required to be paid back, if there is an unpaid balance in the cash - value component of the policy at the time of the insured's death, then the amount of that balance will be charged against the death benefit that is paid out to the policy's beneficiary.

The thought process here is the survivors can take a 5 % withdrawal from the death benefit each year (which is equivalent to the standard of living amount) while investing the death benefit principal and earning 5 % or better.

They may be insuring your future retirement income by providing a guaranteed withdrawal benefit rider, or insuring a specific amount of death benefit to go to your heirs, or insuring a minimum return.

Please note that the policy's death benefit and cash value will be reduced by the amount of any loans or withdrawals you take.

Withdrawals and surrenders are at net asset value, may affect the contract's performance and / or death benefit amount, and a taxable gain may be recognized.

Loans and partial withdrawals will reduce the cash value and the death benefits payable to your beneficiaries, and withdrawals above the available free amount will incur surrender charges.

However, withdrawals can have the effect of decreasing the death benefit amount.

The most common type of guarantee is a death benefit guarantee which guarantees that upon your death the greater of the current contract value or the full amount of your contributions (minus any withdrawals) will be paid out to your beneficiary.

As long as sufficient premium payments are made on a timely basis (exactly as illustrated), no unscheduled loans or partial withdrawals are taken, no increase in face amount or changes in death benefit options are made, and policy loan value does not exceed the policy's cash surrender value, the insurance coverage will remain in effect.