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Annuities
Annuities are financial products designed to grow an individual’s funds and later, upon annuitization, to distribute payments back to the individual over a specified period of time. It is mainly used to secure a steady flow of cash during retirement.
849 Questions
VALIC How do you get money from your retirement account?
i would like to withdraw money from my retirement account with valic, what is the procedure on how to do this?
What is the Difference between the future value of annuity and sinking fund?
future value of an annuity is a reciprocal of a sinking fund
What are the two distinct groups that report to the chief financial officer?
Treasurer and Controller
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How safe is your annuity with western National Life Insurance Company?
Western National Life Insurance Company (NASDAQ: NWLI) was upgraded recently to an "A" (excellent) rating from "A-" by A.M. Best Company based on a conservative investment portfolio. WNLIC holds "A-" (strong), "A1" (good) and "A+" (strong) ratings from Fitch, Moody's and S&P (respectively).
Despite AIG ownership, history and recent reports suggest that your annuity is quite safe with WNLIC and that you should not worry about the organization's ability to pay.
Fixed annuities do you get back principle when die?
In a fixed deffered annuity you get principle plus all earned interest.
In an income annuity, you may or may not, it depends on the company and the product chosen. This feature has only been around for a short time. So if it is an old annuity it most likely is set to pay out for a specific length of time, therefore you would not receive the principle back upon death. But the beneficiary or estate would receive the remaining payments.
What is the difference between a qualify annuity and non qualifying annuity?
You mean qualified. It refers to the tax status of the funds inside it. If funds are qualified that is IRS/investment lingo for pre tax money, such as money in a 401K, IRA, or 403b. Non qualified obviously is money that income tax has already been paid on. Taxes in an annuity are defered until you use the money. In a qualified annuity all of the money would be subject to income tax upon withdrawal. In a non qualified annuity only the gains would be taxed. But since it is tax deferred you pay your income tax rate, not capital gains taxes. The original amount invested is not subject to tax when you withdraw it.
What is the limitation of cost based data in decision making?
The major limitation of using cost-based data in decision making is that most cost-based data is backwards looking or historical and decisions are made for future actions. If there is a possibility that future costs would be different (e.g., a commodity like oil is used in the production process), there is a likelihood that the decision may be different as well.
One way to minimize the limitation is to perform sensitivities on each cost basis to better understand how risky a future change in costs may be. From there, define three or four scenarios (many companies look at the worst case, expected case, target case and best case) and determine if a decision would be different in any of those cases. Finally, weight the likelihood of each case to determine what decision will be best for the company.
Are there any annuities backed by fdic?
No. But most variable annuities and fixed deffered annuities are backed by the State Gurantee Association, which is a government agency similar to the fdic
What is the Courtaulds Pension Scheme address?
Courtaulds Staff Pension Scheme
Tower Watson
Terra Firma
86 Station Road
Redhill
RH1 1PL
I am also looking for contact information on Univeristy Life Insurance Co.
University Life Insurance Company was liquidated by the domicile state's DOI in 1987. The liquidation was discharged in 1989.
Interest is usually paidin arrears, meaning at the end of each period. So if your loan has monthly payments, the interest would be due at the end of the monthly cycle. As an example, if my loan cycle was from the 15th of each month through the 15th of the next month, then I would pay interest for the period 15th January through 15th February on the 15th of February.
Sometimes interest can be paid in advance, meaning at the start of each period. In the example cited above, interest in advance would be payable on the 15th January.
How do you contact usg annuity and life company's new owners to file a claim for life insurance?
Our uncle passed away August 29 Need to know if Life InsurANCE is still active: Earl L Frank accoun t number showing in trust is 281962 with $137,132.00 that shows up on trustee paperwork. please advice thx Radene kasper one of 4 beneficieres. Please reply
e mail : dene9@yahoo.com
How do you contact usg annuity and life company?
My name is Merri Floyd. I have an annuity contract #589606 purchased in April 1999. I'm needing to know how to proceed with obtaining information since I am approaching retirement in a month or so.
What happens to the present value of an annuity when the interest rate raises?
decreases towards the future value faster
is my IRA annuity safe from creditors and mortgage foreclosure
Bank Nifty is the bank index traded in the F&O segment of NSE. It comprises of most liquid banking stocks listed on NSE. This index provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian Banks. The index have 12 stocks from the banking sector which trade on the National Stock Exchange.
Where can I find Reassurance American life insurance co?
Do you mean Reassure America Life Insurance Company?
If you had a CNA policy, the contact information for Reassure America is:
Toll Free (800) 437-8854
100 Center View Drive
Suite 100
Nashville, TN 37214
Can a postal retirement annuity be garnished by an auto finance co?
In order for a garnsihment to be issued you must have had a judgment. Under normal conditions retirement, 401k and disability cannot be touched. For example under the OJ case his retirement from the NFL was not subject to the goldmans lawsuit. Your disability check should not be effected by a lawsuit.
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