Sentences with phrase «withdrawal benefit options»

ForeRetirement variable annuity offers two daily withdrawal benefit options that may provide you with greater choice and flexibility.

ForeRetirement variable annuity offers two daily withdrawal benefit options that may provide you with greater choice and flexibility.

Not exact matches

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.

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Option Period exceeds the greater of the RMD requirement or the 10 % free withdrawal benefit, the excess amount withdrawn will be subject to MVA.

The Guaranteed Withdrawal Rate is applied to all payroll contributions that are periodically remitted to the Personal Income Benefit variable investment options, which include pre-tax and Roth contributions.

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 rolOptions 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 roloptions, contributions made in a lump sum (including amounts attributable to contract exchanges and direct transfers from other funding vehicles under the Plan) and rollovers.

To provide the investment and insurance - related benefit, a group variable annuity contains certain fees, including contract fees, a mortality and expense charge, administrative charge, withdrawal charges, investment option fees and charges for any optional benefits elected.

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.

This benefit includes a choice of Withdrawal Base growth options.

Be sure to consider potential benefits and limitations of your options, including total fees and expenses, the range of investment options, penalty - free withdrawals, availability of services, protection from creditors, RMD planning and taxation of employer stock.

After your death, flexible options for withdrawals with potential tax benefits for your beneficiaries

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.

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

Each option presents different benefits and limitations with regard to available investment choices and services, fees and expenses, withdrawal rules, required minimum distributions, tax treatment, and protection from creditors and legal judgments.

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.

For college savings, a 529 is a better option with its high contribution limits and tax free withdrawals, but the trick is starting early to get the full benefit.

Riders — Riders are options that can be added to a variable annuity, such as lifetime income, withdrawals, or death benefits.

The savings option you choose may carry certain tax benefits, or withdrawals may result in penalties.

The Fixed Account Minimum Value is equal to 87.5 % of premiums allocated to the Fixed Account Options reduced by withdrawals and transfers from the Fixed Account Options, any applicable optional benefit charges, taxes and a $ 50 annual deduction, accumulated at the Fixed Account Minimum Interest Rate.

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.

While a Roth IRA is pretty freakin» awesome due to the tax benefits during withdrawal I knew the other two options would work better for me.

Whether you are in 10 or 30 % tax bracket, MIP Fund with Growth & SWP option can be considered if your withdrawals are for more than 3 years, because the Long term capital gains are taxed at 10 % or 20 % (with indexation benefit).

I consider the early withdrawal option to be a valuable benefit that I probably, but not certainly, will be able to take advantage of if the situation warrants it.

A desirable option if you have a higher tax rate when you begin making withdrawals than when you contribute, a Roth IRA is funded with after - tax dollars and includes these benefits:

Beneficiary Information Investment Options Contributions Making Withdrawals Gifting and Estate Planning Benefits

The withdrawal base does not establish or guarantee policy value, surrender value, minimum death benefit, or return for an investment option.

The lineup includes a Structured Investment Option, which offers your employees the potential for market gains up to a specified limit along with some protection against some market losses.4 We also offer the Personal Income BenefitSM, a «pension - like» benefit that provides guaranteed withdrawal payments for life and may help employees address inflation, longevity, and market volatility concerns.5

On death of the policyholder, under Benefit Option 1, higher of the Sum Assured including the top - up SA net of any partial withdrawals made in the last 2 years or Fund Value including the Top - up Fund Value or 105 % of premiums paid is payable to the nominee

And, there are also options for accessing cash value via loans and / or withdrawals, as well as through accelerating the death benefit if the insured contracts certain illnesses.

Both the new products would have the benefits of higher protection, option of partial withdrawals and portability facilities amongst others.

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.

With this plan, there are different death benefit options, such as 1) necessary face amount; 2) face amount plus accumulated value, or 3) face amount plus a sum of premiums, less any withdrawals.

(Included in the Policy) Guaranteed Refund Option • Accelerated Death Benefit for Terminal and Chronic Illness Rider • Waiver of Surrender Charges for Partial Withdrawals Rider

Complete withdrawal from the policy without any insurance benefit and rider benefits: In case the policyholder chooses to withdraw the policy or does not exercise any option, then the policy treatment would vary depending on the number of completed policy years.

It provides the option of partial withdrawals and benefits on death of the life assured or on maturity of the policy.

Being an insurance as well as investment option, the maturity benefits and the partial withdrawals are not taxed.

Common Features of Kotak Mahindra Old Mutual Life Investment Plans: A variety of Investment Strategies to choose from Option of choosing from a range of funds as per your risk appetite Liberty to switch between funds Facility of Premium Redirection Provision of making partial withdrawals Availability of three settlement options at maturity Income tax benefits

You can also elect three different death benefit options, including a level death benefit, an increasing death benefit and a level death benefit with return of premium, minus any withdrawals.

Option 1: Level death benefit Option 2: Increasing death benefit plus cash value Option 3: Level death benefit plus return of premiums paid minus any partial withdrawal

In the event of death of the life insured, the beneficiary is entitled to receive following benefit: For Gold Option: The higher of Sum Assured less partial withdrawals # or Fund Value is payable, subject to a minimum of 105 % of the total premiums paid, as on the date of death.

In the event of death of the life insured, the beneficiary is entitled to receive following benefit: For Gold Option: The higher of Sum Assured less partial withdrawals #, Policy Account Value, or 105 % of the total premiums paid, as on the date of death.

Life Option Before age 60 years, the Death Benefit payable is higher of sum assured less partial withdrawals (in preceding two years), 105 % of all premiums / single premium paid or Fund value.