Beneficiaries will receive a death benefit equal to purchase payments
compounded at 3% annually.
Riders/Endorsements: LU11001 Purchase Payment
Bonus Endorsement, LU11005 Waiver of Charges, LU11021 WOC for LTC or Hospital, LU11022 WOC for Terminal Illness, LU11024 ADL Waiver of Charges.
We feel that this immediate annuity will help those retirees looking to supplement their retirement income, while allowing them the ability to surrender the annuity and receive a portion of the purchase payment
back," said Mark Rush, Senior Vice President of Marketing.
If the annuitant dies before the annuity date, purchase payment
will be returned to the beneficiary in most cases.
This amount will be used for working capital purposes during the merger period with Vulcan Resources Limited and contribute to the payment of the final Roseby Project purchase payment
of A$2 million to Oz Minerals Ltd.
The Sainsbury scheme is being trialled at 61 stores in the south east and works on a similar principle to the higher purchase payment
The point is that the net purchase payment
in (7) is less than the purchase payment
in (5) (RTO), but the net purchase amount in (7) is also less than the purchase amount (P) in (5).
as an added enhancement, an immediate credit will be applied to each purchase payment
based on the term selected by the client.
The initial annual income is 5% of the purchase payment
, but the benefit base can increase by 6% for each year an owner does not take a withdrawal.
The Cash Refund payout option provides beneficiaries with a lump sum equal to the unrecovered purchase payment
upon the death of the annuity owner.
Planned Purchase Payment
: You decide the amount and frequency of the purchase payments
into the annuity, which can be made monthly, quarterly, semi-annually or annually.
Their purchase payment
is allocated between a fixed account and a variable investment choice designed to provide results that correspond to the price and yield performance of the S&P 500 stock index.
Additional purchase payment
from Qiagen for the Biosystems business area divested in 2008 was obtained to the amount of 23.
Other options allow for access to some of their purchase payment
and for annually increasing payments.
The basic death benefit, one of several insurance features of the product, ensures that an investor's beneficiaries receive the greater of either the purchase payment
or the market value of the annuity at the time of death.