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Do you have to make contributions to a flexible premium deferred annuity?
Wiki User
∙ 13y ago
Nope, but you do have the option if you so choose to use it.
Wiki User
∙ 13y ago
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How am i able to cash in my flexible premium deferred annuity?
You can surrender the policy at anytime, you may have to pay a surrender charge if you're taking it out early.
Can a fixed annuity have a minimum interest rate and a flexible premium payment schedule?
Yes. ALL deferred annuities offer a guaranteed minimum interest crediting rate (although in a few contracts, that rate is zero). And all non-variable immediate annuities calculate the annuity payments using an assumed interest rate, so one could say that that rate is actually "guaranteed" (as the payments are). Some deferred annuities will accept only a single premium, and they're called "single premium annuities". Others will accept recurring premiums and are usually called "flexible premium annuities. Immediate annuities typically do not permit recurring premiums.
Is a flexible premium multifunded life insurance an annuity?
Its a Universal life insurance Policy.
What does flexible premium multi-funded life mean?
A flexible premium multi-funded life means that it is a term life insurance. Aside from that, it has a side fund that grows and which is tax deferred.
What is flexible premium multifunded life insurance?
explain flexible premium multifunded life ins.
How am i able to cash in my flexible premium deferred annuity?
You can surrender the policy at anytime, you may have to pay a surrender charge if you're taking it out early.
Can a fixed annuity have a minimum interest rate and a flexible premium payment schedule?
Yes. ALL deferred annuities offer a guaranteed minimum interest crediting rate (although in a few contracts, that rate is zero). And all non-variable immediate annuities calculate the annuity payments using an assumed interest rate, so one could say that that rate is actually "guaranteed" (as the payments are). Some deferred annuities will accept only a single premium, and they're called "single premium annuities". Others will accept recurring premiums and are usually called "flexible premium annuities. Immediate annuities typically do not permit recurring premiums.
Is a flexible premium multifunded life insurance an annuity?
Its a Universal life insurance Policy.
My mother has a single premium deferred annuity when she dies do her children receive cash from that annuity?
Are the children the beneficiary's of the Annuity? Annuity's are like Life insurance, they have named beneficiary's listed in the contract. If the children are listed, then yes they are going to benefit from this account.
What does flexible premium multi-funded life mean?
A flexible premium multi-funded life means that it is a term life insurance. Aside from that, it has a side fund that grows and which is tax deferred.
What is flexible premium multifunded life insurance?
explain flexible premium multifunded life ins.
What is another term for accumulation period of an annuity?
Premium period
S there a penalty for withdrawing from my single premium annuity for a house?
yes
What are some contributions in make to the development?
premium
What is the definition of a single premium immediate annuity?
Single premium immediate annuity is when one gives an insurance company an upfront payment or deposit and they straight away begin to pay you a monthly income. One can get them from a number of financial service companies.
What is Definition of flexible premium life insurance?
should the buyer of flexible premium adjustable universal life insurance take the interest monthly or quarterly or shoule they turn it over
Does ing variable annuities pay a higher interest than banks?
ING pay a high interest rate to those interested in their investment vehicles, as high as 9% interest rates for a single premium fixed annuity rate. They also offer flexible premiums at different interest rates.
