Asked in Annuities
A policy in which payment to the annuitant begins five years after the policy has commenced is called annuity?
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A policy in which payment to the annuitant begins five years after the policy has commenced is called annuity.?
Asked in Annuities
When does interest begins compounding in an ordinary annuity?
Asked in Annuities, Retirement Planning
What are annuities?
Are you ready to invest your money, but are unsure of how or where to invest? Have you heard about annuities and are unsure what exactly one is? Annuity defined, from dictionary.com, is a fixed sum of money paid to someone each year, typically for the rest of one's life. This type of investment is one that is paid into for a set amount of time by the investor. Once the annuity reaches a certain age, the investor then receives a regular payment for a specific amount of time, usually for the rest of their life. Compared to other choices for investing money, like stocks and bonds, annuities provide a guaranteed source of income. Types of annuities Annuities come in many forms. There are several choices to choose from when deciding on what type of annuity in which to invest. Most annuities are transformed to fit the investor�s needs. The most common types of annuities are immediate and deferred. Choosing the right annuity depends on an investor's exact needs. Speaking to an investment banker would help decipher everything one needed to know. Immediate annuities The immediate annuity is basically the exact opposite of a life insurance policy. A life insurance policy makes a lump-sum payment upon the death of the insured. With the annuity, the investor would give a lump-sum payment to the insurer in return for receiving a steady payment until the person dies. The immediate annuity begins payout immediately. Deferred annuities The deferred annuity is the most common type of annuity. This annuity is one that the investor makes payments into over a set amount of time, and then begins receiving payments from it once the annuity matures, or reaches a set dollar amount. Finally, it is very important to go over the pros and cons of every investment one makes. The ability to decipher what is right and wrong for the future is very important. Speaking with an investment banker and conducting research about the types of investments makes an investment decision much easier at the end of the day, and usually, offers higher and longer-term rewards.
Business words that start with O?
Asked in Annuities
Understanding Fixed Immediate Annuities?
Annuities are a type of financial contract where an individual gives a bank or other institution money that is deposited into an account and sometimes invested. At some point the person who is paying into the annuity can stop depositing money and will instead start receiving money from the account each month. A fixed annuity is a contract that guarantees a person will receive a fixed amount of money every month for a certain period of time or for the rest of his or her life. A fixed immediate annuity begins paying the policy holder as soon as a single premium payment is made. The premium that is paid on a fixed immediate annuity is usually a very large sum of money. The fixed monthly payments start a few weeks after the premium has been received. The money that is in the annuity that has not been paid out can be invested and can gain interest slowly over the course of the policy. The payments can be made for a set period of time such as 20 years or they can be indefinite up until the death of the policy holder. Many people use a fixed immediate annuity to distribute personal savings over the course of many years after retirement. This is done because the money that is distributed from the annuity is not taxable. Only the interest that the money earns is taxable. This is presents a very favorable tax situation that is superior to some other types of retirement accounts. The tradeoff for this tax incentive is that the money is not available beyond what is paid out each month. Individuals that do attempt to withdraw all of the money in an annuity at once usually face high fees, penalties and taxes. The actual payments that are made to a policy holder are guaranteed by the bank or institution that is distributing the money. This is true even if the money from the annuity is lost in an investment. Alternately, money that remains in an annuity beyond the value of the original premium that was paid can be absorbed by the bank when the policy ends or when the policy holder dies.
Asked in Hobbies & Collectibles
What is the statute of limitations on a bad check in the State of Rhode Island?
§ 6A-3-118 Statute of limitations. - (a) Except as provided in subsection (e), an action to enforce the obligation of a party to pay a note payable at a definite time must be commenced within six years after the due date or dates stated in the note or, if a due date is accelerated, within six years after the accelerated due date. (b) Except as provided in subsection (d) or (e), if demand for payment is made to the maker of a note payable on demand, an action to enforce the obligation of a party to pay the note must be commenced within six years after the demand. If no demand for payment is made to the maker, an action to enforce the note is barred if neither principal nor interest on the note has been paid for a continuous period of 10 years. (c) Except as provided in subsection (d), an action to enforce the obligation of a party to an unaccepted draft to pay the draft must be commenced within three years after dishonor of the draft or 10 years after the date of the draft, whichever period expires first. (d) An action to enforce the obligation of the acceptor of a certified check or the issuer of a teller's check, cashier's check, or traveler's check must be commenced within three years after demand for payment is made to the acceptor or issuer, as the case may be. (e) An action to enforce the obligation of a party to a certificate of deposit to pay the instrument must be commenced within six years after demand for payment is made to the maker, but if the instrument states a due date and the maker is not required to pay before that date, the six-year period begins when a demand for payment is in effect and the due date has passed. (f) An action to enforce the obligation of a party to pay an accepted draft, other than a certified check, must be commenced (i) within six years after the due date or dates stated in the draft or acceptance if the obligation of the acceptor is payable at a definite time, or (ii) within six years after the date of the acceptance if the obligation of the acceptor is payable on demand. (g) Unless governed by other law regarding claims for indemnity or contribution, an action (i) for conversion of an instrument, for money had and received, or like action based on conversion, (ii) for breach of warranty, or (iii) to enforce an obligation, duty, or right arising under this chapter and not governed by this section must be commenced within three years after the cause of action accrues.
Asked in Bonds and Treasuries
Does interest start to accrue on purchase date or settlement date for bonds?
For the purposes of calculating interest income after one has purchased a bond, interest begins to accrue on the settlement date of the purchase (not the trade date.) Unlike stocks, the ownership of which begins on trade date, ownership of a bond begins on settlement date. Therefore, settlement date can be thought of as the purchase date. In order to calculate "accrued interest", or interest payable to the seller, at the time of purchase, the accrual period begins on the date of the last interest payment or the original issue date if the first interest payment has not yet occurred. Accriued interest is calculated through the day immediately preceding the settlement date.
Asked in Credit Reports, Credit
How do you determine the date of last activity on your credit report?
Asked in Business Law, California
What is the amount of down payment a contractor can charge in California?
Answer State law puts a maximum down payment of 10% or $1,000 (whichever is less) before work starts. Of course, if you sign the contract one day and pay $1,000 and the contractor starts on the second day, the contract can legally ask for the full amount of the contract any time after he begins work. So, this is significant only between the date of signing and the date the work begins.
Asked in Investing and Financial Markets
If you had investment opportunities offering an 8 percent annual return is it better to make a series of payments or make a single lump sum payment?
Asked in DirecTV
What is the billing address for DirecTV billing?
If you misplace the pre-printed payment envelope, send your payment to one of the following addresses: If your ZIP code begins with: 0, 1 or 2 DIRECTV P.O. Box 830032 Baltimore, MD 21283-0032 If your ZIP code begins with: 3 DIRECTV P.O. Box 31621 Tampa, FL 33631-3621 If your ZIP code begins with: 4 DIRECTV P.O. Box 6414 Carol Stream, IL 60197-6414 If your ZIP code begins with: 5, 7 or 8 DIRECTV P.O. Box 78626 Phoenix, AZ 85062-8626 If your ZIP code begins with: 6 DIRECTV P.O. Box 9001069 Louisville, KY 40290-1069 If your ZIP code begins with: 9 DIRECTV P.O. Box 54000 Los Angeles, CA 90054-1000 (from the directv.com site, updated October 2017)