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  • noun

Synonyms for annuity

income from capital investment paid in a series of regular payments

References in periodicals archive ?
Smith purchases a fixed immediate annuity for $100,000 or annuitizes a fixed deferred annuity having an annuity value of that same amount, and if he elects a Life & 10 Year Certain payout arrangement, and if the annual annuity payout factor for that option, for his age and sex, is 5.67, his annuity payments will be $5,670 per year from that point until the later of his death or the expiration of ten years.
The beneficiary may elect to annuitize the inherited contract selecting any available single-life payout option or a term-certain-only option that is shorter than life expectancy may be used.
21% Percentage of participants who choose "fully annuitize" when given a partial annuity option.
Furthermore, offering partial annuitization increases both the share of respondents who say they would annuitize and the average percentage of pension balances that is annuitized.
They'll have to work longer, become more frugal and annuitize most of their savings.
* She chose the third option, which was to annuitize the proceeds and receive the full guaranteed death benefit while spreading the taxable gain over many years, effectively paying the tax as installments are received and at potentially lower marginal income tax brackets.
Walsh says many participants annuitize only enough assets to pay for their core living expenses, and they let the rest of their savings continue to accumulate.
First, the three considerations respondents report as being most important for their decision about whether or not to annuitize include: a desire to "make sure I have enough income later in life," a desire for "flexibility in the timing of my spending," and being "worried about [the] company not being able to pay me in the future." The authors point out that insurance companies are currently banned from mentioning government insurance of annuity payments, a policy that may reduce annuity demand.
"One thing that differentiates the MasterDex and maybe other Allianz products from those of other companies is Allianz says CyOk, give us the money and you have these guaranteed annuity rates in the contract and as a current practice we offer higher rates if you choose to annuitize.'" Abkemeier maintains that most people put their money into the MasterDex with an investment and accumulation mentality and if the time comes to take income they may, but not too many have.
A good rule of thumb is to annuitize at least enough savings, so that, combined with Social Security, a retiree will have an income stream to meet his or her basic expenses in retirement--housing, utilities, taxes, food, and health care to the extent those costs are knowable.
For individuals and families, Retire-Ready One offers a basic death benefit and the ability to annuitize the contract to provide a guaranteed stream of income.
Annuitize is a verb, meaning to exchange an investment for an income stream over a period of time, usually for life.
The first step is for the inheritor to annuitize the contract.
The commitment to annuitize at a future date gives the company more time to match liabilities with assets at the appropriate durations, thus providing a higher yield than single-premium immediate annuities, which start paying right away.