Use annuity in a sentence?
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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.
There can be a few different definitions but in short as it applies to insurance or financial services:. Two Main Annuity Types: Immediate and Deferred . The difference be…tween 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.
According to www.retireright.co.uk , anyone who has someform of retirement income which is capable of being paid out in alump sum can have an an annuity. . Think of an annui…ty as swapping your pension for a consistent,usually-monthly, payment of money for your post-work life.
Also check whether your current company offer a guaranteed annuity.
This how u put in sentences: Do I have to purchase an annuity at age 75?
An annuity calculator Canada is a calcualtor that they use in Canada for math. They do things a little differently and math is one of those things that they do differently.
You use an annuity value calculator by inserting the starting principle amount, then enter the growth rate (in %), and then enter the number of years you are looking into then… hit calculate.
With all the different places to use online for annuities and investing, many companies offer 'perks' for choosing them to bank with. Investing into a variable annuities could… result in a big profit but no loss, so it would be worth it.
A variable annuity is a contract between you and an insurance company, under which the insurer agrees to make periodic payments to you, beginning either immediately or at some… future date.
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There is some personal information that will be needed in order to use an annuity calculator, however, you do need the amount of money that is being calculated and for how lon…g.
system under which the federal government gave annual monetary grants to Indians.
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.
Annuities are payed out at intervals over a period of time. One would invest in an annuity to ensure that they had income still coming in regularly if something should happen …to their steady income.
Depending on which country you are from there are a number of websites available to compare annuity rates. Foe example, in the UK you could try AgeUK, or in the US a New York …based company called ImmediateAnnuities. Both companies offer an online comparison guide.
What is a life annuity? A life annuity provides a regular income stream. You will enjoy a steady stream of income for life along with the security that you will never outlive… your money. You'll never have to worry about market fluctuations or other investment management decisions. How does an annuity work? You simply deposit a lump sum of money and receive a guaranteed income stream for life. This income can also be guaranteed for a specified period of time in case the annuitant or annuitants die pre-maturely. What are the factors that affect annuity rates? Gender Your age (and for joint cases, your spouse's age) Current bond interest rates Lump sum amount used to purchase the annuity Types of funds used, either registered or non-registered The length of time the payments are guaranteed Deposit and income start dates. Calculate your Annuity at LifeAnnuities.com