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).
Another great feature of the Income Focus rider is that the rider fees are always based on the purchase payments
, so as the value of the contract goes up, the fees as a percentage of the contact value decrease," added DeChellis.
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.
If additional purchase payments
are made to the annuity, they will be allocated to the Permitted Sub Accounts according to the allocation instructions.
After the first year, investors may withdraw up to 15% of their total purchase payments
annually without any surrender charges.
As part of a long-term retirement strategy, our new Masters Extra 6% upfront purchase payment
interest provides new clients with an immediate boost to the account value and the opportunity for existing clients to earn 6% on additional purchase payments
," said Michele Van Leer, Senior Vice President and General Manager, Retail Insurance & Annuities.
Contract awarded for Gwangju and Jeonnam Innovation B8BL three tools machinery construction outdoor water tank Purchase Payments
A client's purchase payments
turn into a guaranteed income stream during retirement to help them weather market fluctuations and longevity risk - the risk of living longer than expected in retirement.
Through a brief online survey, ATRI seeks to capture basic cost information from for-hire carriers such as driver pay, fuel costs, insurance premiums and lease or purchase payments
1) Flexible purchase payments
Customers can make a single initial purchase payment
with a minimum of $10,000.
The bonds are special, limited revenue obligations of the corporation, payable soley from purchase payments
by the City of Yuma (the city), Arizona to the corporation.
Unlike other fixed index annuities on the market, the Total Value Annuity offers protection for both purchase payments
and previous gains, as well as the opportunity for income growth even when the stock and bond markets decline simultaneously.
Eligible purchase payments
are purchase payments
received in the first contract year, plus purchase payments
received in contract years two through five.
The GMIB value is equal to purchase payments
made during the first two contract years adjusted for any withdrawals and increased by a compound annual interest rate of five or six percent for Guaranteed Income Plus 5 and 6, respectively.
Purchasers who deposit $100,000 or more will also benefit from a premium bonus feature which may provide a credit of up to 1% of their purchase payments