Annuity Principles and Concepts Session Five Lesson Two. Annuity (Benefit) Payment Options
|
|
- Bernadette Casey
- 8 years ago
- Views:
Transcription
1 Annuity Principles and Concepts Session Five Lesson Two Annuity (Benefit) Payment Options Life Contingency Options - How Income Payments Can Be Made To The Annuitant. Pure Life versus Life with Guaranteed Minimum Pure Life - Guarantees payments to the annuitant for life while paying the highest monthly income to the annuitant for the lifetime of the annuitant. Payment stops at death with no death benefits. If annuitant dies before complete payout of accumulated principal and interest, the remainder is retained in its entirety by the company insuring the annuity. Example: A person has $100,000 pure life annuity. At age 65 the annuitant s annuity phase (payout) begins. The annuitant receives 14 months of income payments then dies unexpectedly. The remainder of the principal and interest is retained by the insurer. Annuitant s Death Insurer Payout Began Payout Stops Retains the Age 65 Age 66 balance of funds Life with Guaranteed Minimum - These options guarantees payments to the annuitant for life, however, in the event of the premature death of the annuitant will guarantee a return of some of the principal and interest to a beneficiary of the death benefits. Example: A person has a $100,000 life annuity with guaranteed minimum. At age 65 the annuitant s annuity phase (payout) begins. The annuitant receives 14 months of income payments then dies unexpectedly. The income payments would go to the annuitant s beneficiary for a specified period according to the annuity contract. Annuitant s Death Beneficiary Payout Began Payout Continues Receives income Age 65 Age 66 payments according to the contract Session Five: Annuity Principles and Concepts 4
2 There are three types of guaranteed minimum: 1. Life With Period Certain Option - Payments guaranteed for the lifetime of the annuitant with a specified period of payments that are guaranteed. If annuitant dies, survivor receives the annuity payment for the balance of the chosen specified time period. Example: A person has a life income with 15 years certain option that would provide the annuitant with an income for as long as they live. The annuitant dies after 5 years. The beneficiary would receive annuitant s payments for 10 years. Annuitant Beneficiary Payout to $$$$$ Dies $$$$$$$$ Receives income Annuitant Received income for 10 years for 5 years 2. Cash Refund Option - When the annuitant dies, the beneficiary receives the annuity s original amount less the payments already paid. Guarantees return of the unpaid annuity amount, no guarantee to pay any interest. Example: Annuitant Beneficiary Payout to $$$$$$ Dies $$$$$ Receives annuitant before receiving Lump-sum all payments payment 3. Installment Refund Option - When the annuitant dies before recovering the sum of the premium payments plus the accumulated interest, beneficiary would continue to receive guaranteed installments until entire accumulated amount is paid out. Example: Annuitant Beneficiary Payout to $$$$$$ Dies $$$$$$ Receives income annuitant before receiving payments according all installments to the contract Session Five: Annuity Principles and Concepts 5
3 Single Life Annuities versus Multiple Life Annuities Single Life - Covers one annuitant. Multiple Life - Covers two or more annuitants. The two types of multiple life annuities are: 1. Joint Life Annuity Two or more annuitants receive payments until death of one of the annuitants, then the payout stops. Example: Husband and his wife receive $1,000 monthly for a Joint Life annuity. Husband dies, payout stops with death of either annuitant. Payout Monthly Husband and Wife $1,000 Death of Either Annuitant Payout stops 2. Joint and Survivor Annuity - Pays the annuity income to two or more annuitants. After the death of the first annuitant payments continue until the last annuitant has died. The following are two types: Joint and Full Survivor - The survivor s annuity payments remains the same upon death of the first. Example: Husband and wife receive $1,000 income monthly from a Joint and Full Survivor annuity. Wife dies; husband continues to receive $1,000. Payout stops at death of both annuitants. Death of 1 st Annuitant Payout Monthly Full payout continues $1,000 to surviving annuitant Joint and One-half Survivor - The survivor receives half of the original benefit amount upon death of the first annuitant. Example: Husband and wife receives $1,000 income monthly from a Joint and One-half Survivor annuity. Wife dies, husband receives ½ of the original benefit. Husband s total monthly income from their annuity would be $500. Payout stops at death of both annuitants. Death of 1 st Annuitant Payout Monthly ½ Payout - $500 $1,000 goes to surviving annuitant Session Five: Annuity Principles and Concepts 6
4 Annuities Certain Period Certain Option For a Fixed Period - Not Based on Life Contingency Pays for a specific time period only, such as 10, 15, 20 years. Period Certain Option For A Fixed Amount - Not Based on Life Contingency Pays until a certain fixed amount is liquidated. Annuity Products Fixed Annuities - Guarantees the interest rate paid on the premiums invested and provides payments that do not vary from one to another. General Account Assets - Premiums are pooled into this account by the insurer for investing, usually in conservative, low risk investments. This allows the insurer to guarantee a certain rate of interest. The annuitant guaranteed an amount they will receive during their annuity period. Disadvantage is that purchasing power may decrease because of inflation. Interest Rate Guarantees Minimum versus Current - The insurer gives the annuitant a guaranteed interest rate based on the minimum rate in the annuity or the current interest rate, the higher of the two. The current rate is usually adjusted each year. If interest rates drop below the guaranteed minimum rate in the annuity the insurer is required to pay the policy s guaranteed rate. Level Benefit Payment Amount - In a fixed rate annuity, the income benefit paid is a level, guaranteed amount. Equity Indexed Annuities - Has a guaranteed minimum interest rate, however, usually earn a higher interest rate than a fixed annuity since they are often linked to an Index like the Standard & Poor s 500. As the Index rate increases, the Indexed Annuity growth rate increases. Does not require a NASD License. Participation Rate Maximum Rate (Ceiling) Minimum Rate (Floor) Administration Charge Market Value Adjusted Annuities - Fixed Maturity Option Market value adjusted to current interest rates on withdrawal. May be more or less, depending on interest rates. Session Five: Annuity Principles and Concepts 7
5 Uses of Annuities Normally used for retirement income, however annuities may be used to accumulate cash for other purposes. Lump-sum Settlements - A lump sum payment may be made to the annuitant including all accumulated interest and would become taxable immediately. If this is done prior to annuitant reaching the age of 59 ½ a 10% tax penalty may also be imposed on the taxable portion of the settlement. Qualified Retirement Plans - Pension plan contributions of the employer and employee have to be invested in a financial asset such as an annuity that meets the IRS guidelines for qualified retirement plans. Group versus Individual Annuities Group Annuities - Tax Shelter Annuity (TSA) - Also known as a 403(b) plan or a 501(c)(3) plan, because it was made possible by those sections of the Internal Revenue Code. Employer uses a defined benefit plan to buy an annuity fund for employees as a whole. Contributions are tax deductible business expense; Earnings accumulate tax deferred; Employees do not have to pay personal income tax on the employer contributions; Pay taxes when distribution begins on employer contribution plus earnings. Individual Annuities - Each person has an annuity that is individually issued and owned. Personal Uses Individual Retirement Annuities (IRAs) Tax-qualified annuities may be used to accumulate funds on a tax-deferred basis for retirement in an Individual Retirement Account (IRA) (are subject to maximum IRA contributions). Tax-deferred Growth - Earnings on a tax-deferred annuity grow tax deferred. Taxable upon surrender / distribution. Retirement Income To provide income for retirement purposes. Education Funds - Savings for education expenses of the annuitant, tax-deferred. Sometimes called Modified College Savings Plan. Interest Only Income - Leave principal in the annuity, payout of interest only. Using Tax Advantage of Exclusion Ratio - To fund purchase of other insurance. Exclusion Ratio - A method for determining the taxable portion of the benefits received in the payout period. Session Five: Annuity Principles and Concepts 8
Payouts. Protection. In One Place.
Payouts. Protection. In One Place. ING Single Premium Immediate Annuity issued by ING USA Annuity and Life Insurance Company Your future. Made easier. Payouts. Protection. In today s financial world, some
More informationVoya Single Premium Immediate Annuity
Voya Single Premium Immediate Annuity issued by Voya Insurance and Annuity Company Payouts. Protection. In One Place. Payouts. Protection. In One Place. In today s financial world, some products provide
More informationChapter 14. Agenda. Individual Annuities. Annuities and Individual Retirement Accounts
Chapter 14 Annuities and Individual Retirement Accounts Agenda 2 Individual Annuities Types of Annuities Taxation of Individual Annuities Individual Retirement Accounts Individual Annuities 3 An annuity
More informationVoya Single Premium Immediate Annuity
Voya Single Premium Immediate Annuity issued by Voya Insurance and Annuity Company Payouts. Protection. In One Place. Payouts. Protection. In One Place. In today s financial world, some products provide
More informationAnnuities. Fixed Annuity: An annuity which the amount paid out is fixed sum and is usually guaranteed.
Annuities Fixed Annuity: An annuity which the amount paid out is fixed sum and is usually guaranteed. Loads: The fees or charges paid when you purchase an annuity. Includes sales commissions. Author: Douglas
More informationPayouts. Protection. In One Place.
Payouts. Protection. In One Place. ING Single Premium Immediate Annuity ANNUITIES Your future. Made easier. Payouts. Protection. In today s financial world, some products provide payout options. Others
More informationLearning Objectives 26. What Is Insurance? 3. Coverage Concepts 8. Types of Insurance 10. Types of Insurers 11. Introduction 26
Contents u n i t 1 Introduction to Insurance 1 Introduction 2 Learning Objectives 2 What Is Insurance? 3 Risk 4 Coverage Concepts 8 Types of Insurance 10 Types of Insurers 11 Domicile and Authorization
More informationNew York Life Insurance and Annuity Corporation NYL Guaranteed Lifetime Income Annuity II - Single Life
Annuitant & Policy Information New York Life Insurance and Annuity Corporation Summary Name: Valued Client Type of Funds: Non-Qualified Date of Birth: 07/18/1949 Payment Frequency: Monthly Sex: Male Purchase
More informationYour pension benefit options
2 Your pension benefit options Traditional pension plans generally provide the option of a lump-sum payment or a fixed monthly payment for life through an annuity. The fixed monthly payment amount is usually
More informationUnderstanding Annuities: A Lesson in Annuities
Understanding Annuities: A Lesson in Annuities Did you know that an annuity can be used to systematically accumulate money for retirement purposes, as well as to guarantee a retirement income that you
More informationUnderstanding Annuities: A Lesson in Fixed Interest and Indexed Annuities Prepared for: Your Clients
Understanding Annuities: A Lesson in Fixed Interest and Indexed Annuities Prepared for: Your Clients Presented by: Arvin D. Pfefer Arvin D. Pfefer & Associates 7301 Mission Road, Suite 241 Prairie Village,
More informationPrincipal Income Protector SM Helping Maximize Income for Life
Principal Income Protector SM Helping Maximize Income for Life W E U N D E R S T A N D W H A T Y O U R E W O R K I N G F O R. What does retirement mean to you? Retirement means something different to each
More informationAnnuities 101. What is an annuity. Type of Annuities. How to get started
Annuities 101 What is an annuity Type of Annuities How to get started What is an Annuity? An annuity is a long-term (often 5 years or more), interest-paying contract offered through an insurance company.
More informationLearning about fixed annuities. M a k e f i n a n c i a l c h o i c e s Based on knowledge
Learning about fixed annuities M a k e f i n a n c i a l c h o i c e s Based on knowledge Not FDIC-insured May lose value Not a deposit No bank guarantee Not insured by any federal government agency 2
More informationUnderstanding Annuities: A Lesson in Indexed Annuities
Understanding Annuities: A Lesson in Indexed Annuities Did you know that an annuity can be used to systematically accumulate money for retirement purposes, as well as to guarantee a retirement income that
More informationAnnuities. Introduction 2. What is an Annuity?... 2. How do they work?... 3. Types of Annuities... 4. Fixed vs. Variable annuities...
An Insider s Guide to Annuities Whatever your picture of retirement, the best way to get there and enjoy it once you ve arrived is with a focused, thoughtful plan. Introduction 2 What is an Annuity?...
More informationChapter 19 Retirement Products: Annuities and Individual Retirement Accounts
Chapter 19 Retirement Products: Annuities and Individual Retirement Accounts Overview Thus far we have examined life insurance in great detail. Life insurance companies also market a product that addresses
More informationOhio Life & Health Insurance Prelicensing Online Course Unit 6. 6.0 Annuities, Variable Products, and Federal Tax Considerations
Ohio Life & Health Insurance Prelicensing Online Course Unit 6 6.0 Annuities, Variable Products, and Federal Tax Considerations 6.1 Annuities Key Facts 1. Annuities are, in one way, the opposite of Life
More informationA GUIDE TO INVESTING IN ANNUITIES
A GUIDE TO INVESTING IN ANNUITIES What Benefits Do Annuities Offer in Planning for Retirement? Oppenheimer Life Agency, Ltd. Oppenheimer Life Agency, Ltd., a wholly owned subsidiary of Oppenheimer & Co.
More informationCONSUMER S GUIDE TO. Annuities. Be secure and confident in the decisions you make
A CONSUMER S GUIDE TO Annuities Be secure and confident in the decisions you make Americans are living longer than ever before. How will they fund these extra years? There are many different approaches.
More informationUnderstanding Annuities: A Lesson in Variable Annuities
Understanding Annuities: A Lesson in Variable Annuities Did you know that an annuity can be used to systematically accumulate money for retirement purposes, as well as to guarantee a retirement income
More informationCHAPTER 10 ANNUITIES
CHAPTER 10 ANNUITIES are contracts sold by life insurance companies that pay monthly, quarterly, semiannual, or annual income benefits for the life of a person (the annuitant), for the lives of two or
More informationThe owner is usually the purchaser of the policy. However, the owner may also acquire the policy by gift, sale, exchange, or bequest.
Annuity Ownership Considerations What is an annuity owner? What are the owner's rights? Who should be the owner? What if the owner dies? Is the annuity includable in the owner's estate? What risks does
More informationANNUITIES TEST 1. If the mortality rate were to suddenly decrease in a given year, the insurance company would be at a financial disadvantage on which of the following? 1. Whole life 2. Endowment 3. Straight
More informationEquity indexed annuities usually offer minimum interest rate guarantee
Equity Indexed Annuity What is an equity indexed annuity? When should you buy an equity indexed annuity? What are the strengths of equity indexed annuities? What are the tradeoffs to equity indexed annuities?
More informationGuaranteed Lifetime Income Annuity II 1
Just the facts about the New York Life... Guaranteed Lifetime Income Annuity II 1 Issuing company Product type Issue ages 2 Single premium payment Income payment modes New York Life Insurance and Annuity
More informationIssued by Fidelity & Guaranty Life Insurance Company, Baltimore, MD Distributed by Legacy Marketing Group
Issued by Fidelity & Guaranty Life Insurance Company, Baltimore, MD Distributed by Legacy Marketing Group Choices To Plan for the Long Term The financial challenges you face evolve with economic and life
More informationPalladium. Immediate Annuity - NY. Income For Now... Income For Life! A Single Premium Immediate Fixed Annuity Product of
Palladium Immediate Annuity - NY Income For Now... Income For Life! A Single Premium Immediate Fixed Annuity Product of Income A Guaranteed Income for as Long as You Need It One of the major fears we face
More informationMEMBERS Select Fixed Annuity II
MEMBERS Select Fixed Annuity II GUARANTEED, STEADY GROWTH Move confidently into the future 1385-P1809 REV 0112MHC A financial services company serving financial institutions and their clients worldwide.
More informationAnnuitization Payment Options
Annuitization Payment Options Annuitization Payment Options Table of Contents What is Annuitization?...Page 1 Life-Only Option...Page 3 Certain Only Option...Page 3 Life with Period Certain Option.Page
More informationTHE CINCINNATI LIFE INSURANCE COMPANY. Annuity Product Training
THE CINCINNATI LIFE INSURANCE COMPANY Annuity Product Training I) Definitions a. Single Premium Deferred Annuity (SPDA) an annuity contract purchased with a single premium payment, periodic income payments
More informationPalladium Single Premium Immediate Annuity With
Palladium Single Premium Immediate Annuity With Cost Of Living Adjustment Income For Now... Guaranteed Income For Life! A Single Premium Immediate Annuity Issued By Income for Your Needs Now and in the
More informationAnnuities The Key to a
Annuities The Key to a Secure Retirement 1 Saving for retirement is crucial, and making sure those resources last throughout your lifetime is just as important. Annuities do both helping you save, then
More informationCaution: Withdrawals made prior to age 59 ½ may be subject to a 10 percent federal penalty tax.
Annuity Distributions What are annuity distributions? How are annuity distributions made? How are your annuity payouts computed if you elect to annuitize? Who are the parties to an annuity contract? How
More informationANNUITY PRODUCTS TRAINING COURSE
ANNUITY PRODUCTS TRAINING COURSE Single Premium Immediate Annuity The Sagicor Gold Series Single Premium Immediate Annuity (SPIA) turns a single lump-sum deposit into a reliable and consistent income stream.
More informationFlexible Premium Deferred Annuity Handbook. Concepts and Definitions
Flexible Premium Deferred Annuity Handbook Contents Overview of Annuities 3 Definition of Flexible Premium Deferred Annuity (FPDA) 4 What is the Difference Between a Qualified and Nonqualified Annuity?
More informationChoosing your guaranteed retirement income
Choosing your guaranteed retirement income A StEP-BY-StEP GuIdE MEMBERS Single Premium Immediate Annuity Move confidently into the future 10000258 rev 0310MHC Choose your retirement income: 6 EASY StEPS
More informationNonqualified annuities can be classified in a number of ways:
The term annuity refers to any situation where principal and interest are paid out in a series of regular payments. A nonqualified annuity, generally, is an annuity purchased by an individual from a life
More informationImmediate Annuities. Reno J. Frazzitta Investment Advisor Representative 877-909-7233 www.thesmartmoneyguy.com
Reno J. Frazzitta Investment Advisor Representative 877-909-7233 www.thesmartmoneyguy.com Immediate Annuities Page 1 of 7, see disclaimer on final page Immediate Annuities What is an immediate annuity?
More informationVariable Annuities. Reno J. Frazzitta Investment Advisor Representative 877-909-7233 www.thesmartmoneyguy.com
Reno J. Frazzitta Investment Advisor Representative 877-909-7233 www.thesmartmoneyguy.com Variable Annuities Page 1 of 8, see disclaimer on final page Variable Annuities What is a variable annuity? Investor
More informationSingle Purchase Payment
CONTRACT SUMMARY Pacific Life Insurance Company P.O. Box 2378 Omaha, NE 68103-2378 (800) 722-4448 Contract Owners (800) 722-2333 Registered Representatives www.pacificlife.com Pacific Income Provider Individual
More informationIf you have questions about this annuity, please ask your agent, adviser or contact a company representative at 1-800-541-0171.
Phoenix Edge Single Premium Immediate Annuity (SPIA) Disclosure Document A Single Premium Immediate Fixed Annuity Issued By Phoenix Life Insurance Company and PHL Variable Insurance Company PHOENIX EDGE
More informationSENTINEL SECURITY LIFE INSURANCE COMPANY PO Box 65478 Salt Lake City, Utah 84165 Phone: 1-800-247-1423
SENTINEL SECURITY LIFE INSURANCE COMPANY PO Box 65478 Salt Lake City, Utah 84165 Phone: 1-800-247-1423 Annuity Disclosure Statement for Single Premium Deferred Annuity PERSONAL CHOICE ANNUITY SSLANPOL11-TX
More informationAnnuities Basic INTRODUCTION TO ANNUITIES. Like life insurance, annuities are also insurance products that rely on mortality
Annuities Basic LESSON 1 INTRODUCTION TO ANNUITIES What is an Annuity? Like life insurance, annuities are also insurance products that rely on mortality and investment experience to protect against the
More informationThe Hartford Saver Solution SM A FIXED INDEX ANNUITY DISCLOSURE STATEMENT
The Hartford Saver Solution SM A FIXED INDEX ANNUITY DISCLOSURE STATEMENT THE HARTFORD SAVER SOLUTION SM FIXED INDEX ANNUITY DISCLOSURE STATEMENT This Disclosure Statement provides important information
More informationVariable Annuities 101
WealthMark Advisory Services Philip Scholler President/CEO 5001 Horizons Drive Suite 201 Columbus, OH 43220 614-824-4352 phil@wealthmarkas.com www.wealthmarkas.com Inside Workbook: What Is a Variable Annuity?
More informationProtect your heirs by selecting the right structure for your Vanguard Variable Annuity
Protect your heirs by selecting the right structure for your Vanguard Variable Annuity 5074 (04/11) Make the right choices when structuring your annuity When you buy a Vanguard Variable Annuity, you have
More informationUnderstanding Annuities
Understanding Annuities Annuities issued by Pruco Life Insurance Company (in New York, issued by Pruco Life Insurance Company of New Jersey) and The Prudential Insurance Company of America. 0160994-00006-00
More informationValued Client. Valued Agent
Valued Client Valued nt Structured Payout System (SIPS) SIPS is a strategy combining various types of annuities to provide guaranteed retirement income and tax-deferred accumulation without subjecting
More informationGuaranteed Lifetime Income Annuities
THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY (NORTHWESTERN MUTUAL) Guaranteed Lifetime Income Annuities Guaranteed Income Today Select Immediate Income Annuity Select Portfolio Immediate Income Annuity
More informationA variable annuity is a type of annuity in which the contract owner directs the overall investment strategy for the funds placed in the contract.
The term annuity derives from a Latin term meaning annual and generally refers to any circumstance where principal and interest are liquidated through a series of regular payments made over a period of
More informationA variable annuity is a type of annuity in which the contract owner directs the overall investment strategy for the funds placed in the contract.
The term annuity derives from a Latin term meaning annual and generally refers to any circumstance where principal and interest are liquidated through a series of regular payments made over a period of
More informationANNUITIES: WHAT ARE THEY AND HOW ARE THEY USED
ANNUITIES: WHAT ARE THEY AND HOW ARE THEY USED (FORC Journal: Vol. 18 Edition 1 - Spring 2007) 1 An annuity is a contract under which the owner of the contract pays money or transfers assets to the obligor
More informationWHAT YOU DON'T KNOW ABOUT ANNUITIES CAN HURT YOU FINANCIALLY
WHAT YOU DON'T KNOW ABOUT ANNUITIES CAN HURT YOU FINANCIALLY Presented by: James J. Holtzman, CFP, CPA Personal Chief Financial Officer and Shareholder Legend Financial Advisors, Inc. And EmergingWealth
More informationUnderstanding Annuities
Annuities, 06 5/4/05 12:43 PM Page 1 Important Information about Variable Annuities Variable annuities are offered by prospectus, which you can obtain from your financial professional or the insurance
More informationGuide to buying annuities
Guide to buying annuities Summary of the key points contained in this disclosure document Before you purchase your annuity contract, make sure that you read and understand this guide. While reading this
More informationUnderstanding Annuities
Understanding Annuities Annuities ARE NOT INSURED BY FDIC OR ANY FEDERAL GOVERNMENT AGENCY MAY LOSE VALUE ARE NOT A DEPOSIT OF OR GUARANTEED BY ANY BANK OR ANY BANK AFFILIATE IFS-A092313 Ed. 01/2005 Letter
More informationHow To Know If An Annuity Is Suitable
CALIFORNIA ANNUITY TRAINING 4 HOURS 1. A producer s obligation to ensure that an annuity is suitable ends. A. when the customer signs the application B. when the customer pays the first premium C. when
More informationDesign your own retirement
Design your own retirement Lincoln Deferred Income Solutions SM Annuity Products issued by: The Lincoln National Life Insurance Company Not a deposit Not FDIC-insured May go down in value Not insured by
More informationFG Guarantee-Platinum. A Single Premium, Fixed Deferred Annuity with tax-deferred earnings featuring a choice of a 3, 5 or 7-year rate guarantee
A Single Premium, Fixed Deferred Annuity with tax-deferred earnings featuring a choice of a 3, 5 or 7-year rate guarantee ADV 1010 (01-2011) Fidelity & Guaranty Life Insurance Company Rev. 07-2014 12-716
More informationCONFIDENCE FLEX 85. Confidence is Liquidity Liquidity is Confidence
CONFIDENCE FLEX 85 Confidence is Liquidity Liquidity is Confidence THE CONFIDENCE SERIES A GROUP FLEXIBLE PREMIUM DEFERRED ANNUITY WITH PREMIUM BONUS GROUP POLICY FORM 01-1114-98 CERTIFICATE FORM 01-1114CA-98
More informationWISCONSIN BUYER S GUIDE TO FIXED DEFERRED ANNUITIES
Annuity Service Center: P.O. Box 79905, Des Moines, Iowa 50325-0905 WISCONSIN BUYER S GUIDE TO FIXED DEFERRED ANNUITIES WHAT IS AN ANNUITY? An annuity is a written contract between you and a life insurance
More informationMLIC s Single Premium Deferred Annuity Policy form ICC 10-4051 (11-10))
MOTORISTS LIFE ANNUITY AGENT TRAINING PROGRAM Please complete the following program to become more familiar with MLIC s annuity portfolio of products. Take the quiz at the end to test your knowledge. When
More informationYour Guide to Fixed Annuities
Your Guide to Fixed Annuities A Smart Choice for Safety Conscious Individuals Seeking Financial Security Protect Your Future Whether you re preparing for retirement or already enjoying retirement, a fixed
More informationGuide to Buying Annuities
Guide to Buying Annuities Buying an Annuity Contract at H.D. Vest Before you buy any investment, it is important to review your financial situation, investment objectives, risk tolerance, time horizon,
More informationBuyer s Guide for Deferred Annuities Variable
Buyer s Guide for Deferred Annuities Variable Prepared by the NAIC National Association of Insurance Commissioners This guide does not endorse any company or policy Reprinted by John Hancock Life Insurance
More informationGuide to buying annuities
Guide to buying annuities Summary of the key points contained in this disclosure document Before you purchase your annuity contract, make sure that you read and understand this guide. While reading this
More informationUnderstanding and Benefiting from FIXED INDEXED ANNUITIES
Understanding and Benefiting from FIXED INDEXED ANNUITIES 1 What do FIXED INDEXED ANNUITIES offer? Safety of principal and previously-credited interest No risk of loss if held to term Minimum contract
More informationFind out more a http://legacy.retirevillage.com 2015 Annuity.com. All rights reserved. This guide is copyrighted. It may not be reproduced without
1 Presented by: Shawn Hogan Legacy Insurance & Financial Group http://legacy.retirevillage.com An Insider s Guide to Annuities Plus Secrets the Insurance Companies don t want you to know! Whatever your
More informationEarning Cash Balance Pay Credits
You Have a Choice New Cash Balance Pension You Have a Choice The important thing to understand is this: If you were hired through December 31, 2012 you don t have to change to the new cash balance pension
More informationHow Will I Get Income from My Annuity?
FACTS ABOUT ANNUITIES How Will I Get Income from My Annuity? JUNE 2014 Annuity product innovations offer a variety of ways to receive guaranteed income, including through withdrawal benefits, income riders
More informationSAMPLE TRANSACTION 1
SAMPLE TRANSACTION 1 Single Premium Immediate Annuity 30 Year Period Certain Presidential Life Insurance Company Client: Jane Client - Female, 59 TX Husband bought the SPIA at age 45 after selling his
More informationGlossary: The Language of Variable Annuities
Glossary: The Language of Variable Annuities Glossary: The Language of Variable Annuities A variable annuity (VA) is a long-term, tax-deferred investment designed to help investors save for retirement.
More informationCHAPTER 8 TAX CONSIDERATIONS
CHAPTER 8 TAX CONSIDERATIONS Life insurance traditionally has enjoyed favorable tax treatment. The major advantages are (1) the death benefits of a life policy payable to a beneficiary are not subject
More informationExcerpts from IRI Annuity Fact Book Variable Annuity 101 An annuity is often viewed as life insurance in reverse. Whereas life insurance protects an individual against premature death, an annuity protects
More informationCash Bonus Elite. Annuity CB50330. Page 1 of 6
CB50330 Page 1 of 6 Cash Bonus Elite How would you like to enjoy up to 10% immediate growth on your money plus, up to 10% immediate growth on all additional payments made in the next 10 years? An exceptional
More informationAnnuity Answer Booklet
Annuity Answer Booklet Explanations of Annuity Concepts and Language Standard Insurance Company Annuity Answer Booklet Explanations of Annuity Concepts and Language Annuity Definition... 3 Interest Rates...
More informationWhat to Consider When Faced With the Pension Election Decision
PENSION ELECTION Key Information About Your Pension (Optional Forms of Benefits) Pension Math and Factors to Consider Pension Maximization What Happens if Your Company Files for Bankruptcy and Your Company
More informationAnnuities. and. Elders
Annuities and Elders Opportunity for Tax-Deferred Growth No Further Investment Decision-Making Necessary Guaranteed Return Eligibility for Medi-Cal for an Elder Defers Income in Anticipation of a Lower
More informationGuide to Non-Qualified Annuities
Guide to Non-Qualified Annuities GENWORTH FINANCIAL ADVANCED MARKETING advanced.marketing@genworth.com DISCLAIMER The Genworth Financial companies wrote this content to help you understand the ideas discussed.
More informationBUYER S GUIDE TO FIXED DEFERRED ANNUITIES
BUYER S GUIDE TO FIXED DEFERRED ANNUITIES Prepared by the National Association of Insurance Commissioners The National Association of Insurance Commissioners is an association of state insurance regulatory
More informationReliaStar Life Insurance Company Separate Account N
ReliaStar Life Insurance Company Separate Account N ING Advantage Century Plus SM (Prospectus No. PRO.100208-05) Supplement dated October 14, 2005 to the Contract Prospectus and Statement of Additional
More informationHandling the Complexities of Planning With Annuities
Handling the Complexities of Planning With Annuities Although commercial annuities are popular investments for seniors, these assets can be complex and are often misunderstood. This article explores planning
More informationAnnuities - Will Your Savings Last Your Lifetime?
SUN LIFE FINANCIAL S GUIDE TO UNDERSTANDING ANNUITIES How can an annuity help with retirement PLANNING? You ve done a good job planning for retirement and have taken advantage of a 401(k) or IRA. You know
More informationThe Basics of Annuities: Planning for Income Needs
March 2013 The Basics of Annuities: Planning for Income Needs summary the facts of retirement Earning income once your paychecks stop that is, after your retirement requires preparing for what s to come
More informationIncome Plus Variable Annuity
Just the facts about New York Life... Income Plus Variable Annuity What is the New York Life Income Plus Variable Annuity? 1 Why should I consider Income Plus with the Guaranteed Future Income Benefit
More informationBasic Annuity Basics
Basic Annuity Basics For broker use only; Securities and Investment Advisory Services offered through Woodbury Financial Services, Inc. Member FINRA, SIPC and Registered Investment Adviser. P O Box 64284
More informationUnderstanding annuities
ab Wealth Management Americas Understanding annuities Rethinking the role they play in retirement income planning Protecting your retirement income security from life s uncertainties. The retirement landscape
More informationBasic Facts about Variable Annuities
Basic Facts about Variable Annuities Variable annuities are long-term investment vehicles that provide a unique combination of insurance and investment features. Fundamentally, a variable annuity is an
More informationLIFE INSURANCE KEY FACTS
GENERAL INSURANCE CONCEPTS LIFE INSURANCE KEY FACTS A condition that could result in a loss is known as an EXPOSURE. An insurer is responsible for all acts of their agents as long as the agent operates
More informationGUIDE TO BUYING ANNUITIES
GUIDE TO BUYING ANNUITIES Buying an Annuity Contract at HD Vest Before you buy any investment, it is important to review your financial situation, investment objectives, risk tolerance, time horizon, diversification
More informationNationwide Quatro Select Annuity
Spend more time with the people who matter most and less time planning for retirement. Nationwide Quatro Select Annuity Not a deposit Not FDIC or NCUSIF insured Not guaranteed by the institution Not insured
More informationUnderstanding annuities
Wealth Management Americas Understanding annuities Rethinking the role they play in retirement income planning Helping to protect your retirement income security from life s uncertainties. The retirement
More informationJohn. Attorney Fees. annuity. Enjoy a lifetime of stable income 0210: FAAFBROC
John Ha n c o c k Attorney Fees attorney fee annuity Enjoy a lifetime of stable income 0210: FAAFBROC A Guarantee is only as Good as the Guarantor The keys to success in the annuity market are reliability
More informationAnnuities Why NOT? 062308 by Monica Haven, E.A.
Annuities Why NOT? 062308 by Monica Haven, E.A. Once considered the panacea for the ailing investment portfolio, annuities have been hobbled by the galloping changes of the Tax Code. Fixed, variable, index,
More informationFG Guarantee-Platinum. A Single Premium, Fixed Deferred Annuity with tax-deferred earnings featuring a choice of a 3, 5 or 7-year rate guarantee
A Single Premium, Fixed Deferred Annuity with tax-deferred earnings featuring a choice of a 3, 5 or 7-year rate guarantee ADV 1010 (01-2011) Fidelity & Guaranty Life Insurance Company Rev. 07-2014 12-716
More informationPinnacle MYGA SM. A Multi-Year Guaranteed Annuity
Pinnacle MYGA SM A Multi-Year Guaranteed Annuity Delaware Life SM A Leading Provider of Annuities and Life Insurance At Delaware Life Ș M we are committed to providing compelling products paired with exceptional
More informationohio shopper s guide series Annuity Contracts
ohio shopper s guide series Annuity Contracts This guide: Explains annuity contracts and their purpose Describesvarious contracts being sold today Details your choices for paying premiums and receiving
More information