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  • noun

Synonyms for annuity

income from capital investment paid in a series of regular payments

References in periodicals archive ?
Assuming the 1996 payment represented income in that year, he contends, the Tax Court erroneously held that his investment in the annuitized lottery payments was "at most $1.
In October 1998, the United States Congress amended the Internal Revenue Code to suspend an income recognition provision beginning on July 1, 1999 through December 31, 2000 for winners of lottery and casino jackpots who convert their annuitized prizes to lump sums.
Providing our systems for no up front cost sacrifices a decent margin under a standard equipment sales model but it allows us to create these annuitized longer term and higher margin returns," added Winsness.
The fail failure rate would drop to only 9% and to 82%, respectively, if half of the portfolio were annuitized.
These include systematic withdrawals or numerous separate settlement options once the contract is annuitized.
The report, "The Value of Lifetime Annuitization," finds that after-tax annual income from an annuitized deferred variable annuity or from an immediate variable annuity significantly exceeds amounts that can be safely withdrawn from a mutual fund.
Variable annuities offer tax-deferred accumulation of investment funds that can be annuitized or withdrawn at a later date.
Henrikson added, "One of the key provisions of the Portman-Cardin bill encourages individuals to preserve their retirement income by taking it in 'an annuitized form guaranteed to last a lifetime.
45% of income base annually, and a 10-year waiting period applies before the amount guaranteed can be annuitized.
5 million annuitized prize, Barbella, director of policy at the University of Kentucky, opted for the $23,408,000 one-time cash payout, less appropriate withholding taxes.
Furthermore, only 2% to 3% of variable annuities are ever annuitized.
There is a ten-year waiting period measured from the contract issue date before the amount guaranteed by GRIP II can be annuitized.
With the GMIB, once the contract is annuitized and the income period begins, a contract owner's retirement income will be based on the greater of the contract's value, less premium taxes and any bonus that had not vested, at the time income withdrawals begin; or the protected value which equals the total of all purchase payments compounded daily at an annual rate of five percent ("roll-up"), subject to a 200 percent cap.
Most of the affected contract participants in the ALIAC transaction are retirees who have annuitized under the terms of the MBL Life contracts.
Yet, this is exactly what happens in the case of deferred annuity ownership when the owner dies before the annuity is annuitized.