What would you like to do?
Use annuity in a sentence?
1 person found this useful
Was this answer useful?
Thanks for the feedback!
Answer . I can answer from a claims perspective. I have settled many claims with minor children using annuities. For example a 10 year old child is hurt in a car accident,… and the injury is evaluated in the 15k range. An annuitie is set up for the child to start receiving the money when they turn eighteen. Doesn't have to be eighteen. Whatever is the best for the situation. I have set up annuities to pay the child from college age, twice a year (tuition time) for four years, or a lump sum when they are 18 or 21. Whatever is best for the child and their family. Of course the annunity makes money in the mean while. And they had to be court approved for the minor.
An annuity that will not begin until some time period in the future. A deferred annuity is an annuity in which the taxes due on any taxable portion is deferred until you… start to withdraw from the annuity. It is a way of compounding interest on the money you would normally paid taxes on if not in a ta deferred annuity. In a way it is like using the government's money to make you money.
Annuity is a set of payments of a set size and frequency, usually made to someone who is retired. They are most often made annually, either for a person's lifetime or for a se…t period of time.
-noun, plural -ties. 1. a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient's life, in consideration of a stipulated pre…mium paid either in prior installment payments or in a single payment. 2. the right to receive such an income, or the duty to make such a payment or payments. ----
There can be a few different definitions but in short as it applies to insurance or financial services: = Two Main Annuity Types: Immediate and Deferre…d = The difference between deferred and immediate annuities is just about what you'd think. With an Immediate Annuity your income payments start right away (technically, anytime within 12 months of purchase). You choose whether you want income guaranteed for a specific number of years or for your lifetime. The insurance company calculates the amount of each income payment based on your purchase amount and your life expectancy. A deferred annuity has two phases: the accumulation phase, where you let your money grow for a while, and the payout phase. During accumulation, your money grows tax-deferred until you take it out, either as a lump sum or as a series of payments. You decide when to take income from your annuity and therefore, when to pay the taxes. Gaining increased control over your taxes is one of the key benefits of annuities. The payout phase begins when you decide to take income from your annuity. For most people, this is during retirement. As your needs dictate, you can take partial withdrawals, completely cash-out (surrender) your annuity, or convert your deferred annuity into a stream of income payments (annuitization). This last option is essentially the same as buying an immediate annuity.
An annuity is long-term retirement savings product that can help protect you against the risk of outliving your assets. It is a contract between you and an insurance company: …you receive future income in return for your contributions. Your assets grow on a tax-deferred basis until they are withdrawn, usually at retirement. You may receive income in a number of ways, including guaranteed payments that will last for as long as you live. Annuities can be a valuable addition to your retirement plan at any stage of life.An annuity is long-term retirement savings product that can help protect you against the risk of outliving your assets. It is a contract between you and an insurance company: you receive future income in return for your contributions. Anyway, if you are looking for a very affordable health and life insurance, I recommend you check the site below to get free quotes and compare premiums between different insurance companies in the US. The website will pull up comparable premiums from the database, that would give you the best insurance quote and decide which one is best for you. http://www.goodinsurancepolicy.com
Annuities generally do not need to be probated. Because annuities allow for the naming of a beneficiary, they pass to heirs by function of law and are not part of the probate …estate. The primary exception would be if no beneficiary is named or if the estate is named.
Also check whether your current company offer a guaranteed annuity.
According Wiktionary, which is public domain, annuity can take on the following meanings: A specified income payable at stated intervals for a fixed or a contingent period, …often for the recipientâ€™s life, in consideration of a stipulated premium paid either in prior instalment payments or in a single payment. For example, a retirement annuity paid to a public officer following his or her retirement. The right to receive such an income. The duty to make such a payment or payments.
Yes, as long as it retains its object function: "Me he doesn't like" is a forceful variant of "He doesn't like me." 'Me' is an object pronoun. It cannot function as the subj…ect of a sentence. The proper subject pronoun is 'I'. However, although a sentence would not normally start with 'Me', in certain situations it is possible to start a sentence with the word "Me": For example: 'Me' is an English word that means ..... 'Me' is usually used .... Me, myself and I are going to enjoy a giant pizza tonight. Of course, if you are Tarzan, you might say, "Me Tarzan."
system under which the federal government gave annual monetary grants to Indians
She gave her a tip at the mall for
A lifetime annuity is an annuity that is purchased with a payout period that will, in most cases, give a predictable payment each month for the lifetime of the annuitant (…the individual whose life the annuity is on).
Indexed annuities can have quite a number of various uses. One of these uses is to protect against the risk of outliving one's income. These are regulated through licensed i…nsurance agents.
Technically, the term "annuity" means "a series of payments over time, where the original investment and interest will be distributed over the annuity payout period". However,… most people, when they use the term "annuity" are referring to a COMMERCIAL ANNUITY - a contract between an issuing insurance company and the purchaser. There are two basic types of commercial annuities: IMMEDIATE - These contracts guarantee an income for either a specified period of time ("Period Certain" annuities) or for the life of the "annuitant" ("Life Annuities"). The annuitant is the person whose age and sex determines the amount of the annuity payments. An immediate annuity may be "fixed" (guaranteeing a specified amount of money each year) or "variable" (guaranteeing an income, the amount of which will vary with the investment performance of the investment accounts chosen by the purchaser). DEFERRED - These contracts have two phases: (a) the Accumulation phase, during which the annuity will earn interest, and (b) the Payout phase, during which payments will be made to the annuitant either for a specified period or for life (the payout phase acts like, and is taxed like, an immediate annuity). Deferred annuities may be either "fixed" (where principal and a minimum rate of interest is guaranteed) or "variable" (where the value of the contract will vary with the investment performance of the accounts chosen by the purchaser. For more information, see "The Advisor's Guide to Annuities" by John Olsen and Michael Kitces (National Underwriter Co., 3rd ed., 2012) Answer 2 . Series of payments at fixed intervals, guaranteed for a fixed number of years or the lifetime of one or more individuals . . Similar to a pension , the money is paid out of an investment contract under which the annuitant(s) deposit certain sums (in a lump sum or in installments) with an annuity guarantor (usually a government agency or an insurance firm). . The amount paid back includes principal and interest , either or both of which (depending on the local regulations ) may be tax exempt . An annuity is not an insurance policy but a tax-shelter . While the interest component (the taxable portion) of a regular annuity payment may be exempt from local or state taxes, it is never, under current law, exempt from Federal income tax. Moreover, to say that an annuity is a "tax shelter", rather than an "insurance policy" is not quite correct. First, an annuity is not a tax shelter, as that term is ordinarily used, because it does not EXEMPT any otherwise taxable income from Federal tax; it merely provides tax DEFERRAL. Moreover, many components of an annuity are, in fact, INSURANCE. An annuity contract is not LIFE INSURANCE, and does not enjoy the same tax treatment of a life insurance policy (e.g.: an income tax free death benefit), but the RISK TRANSFER characteristics of an annuity are certainly "insurance". (John Olsen)
According to www.retireright.co.uk, anyone who has some form of retirement income which is capable of being paid out in a lump sum can have an an annuity. Think of an an…nuity as swapping your pension for a consistent, usually-monthly, payment of money for your post-work life.