Yes
A life annuity with period certain is a type of annuity that provides regular payments for life, with a minimum guaranteed period during which payments will continue, even if the annuitant dies. If the annuitant dies before the end of the guaranteed period, the payments will continue to a beneficiary until the end of that period.
Alright, buckle up, buttercup. A period certain annuity pays out for a specific period, even if the annuitant kicks the bucket before it's up. A life annuity keeps paying until the annuitant shuffles off this mortal coil, no matter how long they linger. It's like choosing between a fixed-term fling and a lifelong commitment in the world of annuities.
After 15 years with a 15-year certain and life annuity, the annuity payments will continue for the rest of the annuitant's life even if they live beyond the initial 15-year period. If the annuitant passes away before the end of the 15 years, the payments will continue to a designated beneficiary for the remainder of the 15 years.
A life annuity with period certain is a type of annuity contract that guarantees a series of payments for a specified period of time or for the lifetime of the annuitant, whichever is longer. This means that if the annuitant passes away before the specified period ends, the payments will continue to a designated beneficiary until the end of the period. It provides a level of financial security by ensuring a stream of income for a set period, even if the annuitant dies prematurely.
Perpetuity
A life annuity with period certain is a type of annuity that provides regular payments for life, with a minimum guaranteed period during which payments will continue, even if the annuitant dies. If the annuitant dies before the end of the guaranteed period, the payments will continue to a beneficiary until the end of that period.
Alright, buckle up, buttercup. A period certain annuity pays out for a specific period, even if the annuitant kicks the bucket before it's up. A life annuity keeps paying until the annuitant shuffles off this mortal coil, no matter how long they linger. It's like choosing between a fixed-term fling and a lifelong commitment in the world of annuities.
annuity payments can be structured for 20 years certain or other term/period certain payouts. Other optional annuity forms of payouts are also available from insurance companies underwriting annuity contracts such as life and joint/survivor payout options.
After 15 years with a 15-year certain and life annuity, the annuity payments will continue for the rest of the annuitant's life even if they live beyond the initial 15-year period. If the annuitant passes away before the end of the 15 years, the payments will continue to a designated beneficiary for the remainder of the 15 years.
A 15-year certain and life annuity provides a guaranteed income for at least 15 years, ensuring financial stability during retirement. It also offers lifelong income, protecting against outliving savings.
Currently the following options are available under LIC's immediate annuities:1. Annuity for life: The annuity is paid to the life assured as long as he/she is alive.2. Annuity Guaranteed for certain periods: The annuity is paid to the life assured for periods of 5 or 10 or 15 or 20 years as chosen by him/her, whether or not he/she survivesthat period. After the chosen period, the annuity is paid to the life assured as long as he/she is alive.3. Annuity with return of purchase price on death: The annuity is paid to the life assured as long as he/she is alive. On the death of the life assured, the purchase price of the annuity is paid as death benefit. The purchase price includes the Sum Assured under the Basic Plan, the accrued Guaranteed Additions and any accrued bonuses, excluding the commuted value, if any.
A flexible UL policy CAN expire unless you add more premiums to keep it in force.
There isn't a real difference between life annuity and an insurance annuity. Both are a form of life insurance and deal with the same issues. I would go with either one.
Dual citizenship does not expire after a certain period of time. Once a person obtains dual citizenship, they typically maintain it for life unless they voluntarily renounce one of their citizenships.
Annuity Life is a contract of insurance between you the buyer and the seller. Variable Annuity Life is a company that covers retirement groups for schools, colleges and Health care.
Yes an annuity is a life insurance product. Its kind of like the opposite of life insurance.
Refund Life Annuity