How to use annuity in a sentence

Looking for sentences and phrases with the word annuity? Here are some examples.

Sentence Examples The advantage of a qualified annuity is tax-free growth on invested money, and tax is deferred until the money is paid out. It stated that the funds were to be used to secure the Retirement Benefits which were an annuity and a lump sum payment. In many respects, the variable annuity sounds like a mutual fund, but it has key differences. Using a forecast of future cash flow, you can treat it like an annuity and discount it to present value. On the free market, anyone who wishes to invest in an insurance annuity or in stocks or real estate may do so. The name annuity dates back to Roman legionnaires who were paid an annual pension when they retired from the army. Savers will lose out too and so will anyone about to convert their pension fund into an annuity since rates are likely to fall there as well. Individuals who select ARFs are making a choice between an annuity and an investment fund. For the first time buyer this choice will be between an annuity mortgage and an endowment mortgage. Variable annuities allow you to participate in potential further appreciation of your assets while still drawing an income from your annuity. When you use the amortization or annuity method, you must factor in an annual interest rate. You may not touch the funds saved in a retirement annuity before you are 55 years old. A with-profits annuity is one way of buying a pension without completely burning your boats. You can sell it in a reverse mortgage to the bank and live on an annuity in return. Income withdrawal is an option which allows you to put off buying an annuity and live directly off the pension fund itself. When you take your tax-free lump sum you usually have to buy an annuity with the rest of your fund. So you can buy a guarantee to make sure the annuity pays out for at least five or ten years, even if you die. Several institutional investors are also still buying into the sector and see property as a safer bet to match long-term annuity liabilities. An annuity guarantees a fixed income for life but is dependent on interest rates at the time of retirement. You put off buying an annuity, invest the money, and draw some of it off as a pension. Show More Sentences The value is subject to the normal income tax on the money drawn down from the fund or annuity. You can still take the traditional route and, having drawn down your 25 per cent tax free lump sum, simply invest in an annuity. It stated that the funds were to be used to secure the Retirement Benefits, which were an annuity and a lump sum payment. She could buy an annuity, a fixed income for life, or she could opt for a combination of ARFs and annuities. This money is used to buy an annuity, which provides a regular income until you die. The money raised is used to buy an annuity, which then pays out a monthly income. Previously, if investors wanted to reinvest the bulk of their savings, they were compelled to put the money into an annuity. A tax-deferred annuity can have a fixed rate, or it can be a variable product with sub-accounts. The claimant could often convert the lump sum into an annuity, but this would take no account of a deterioration in health, for example. An annuity, whereby the pensioner buys an income with a lump sum, can vary as well. Robert relinquished his claim in return for Henry's territories in Normandy and a large annuity. When annuitants die, the income dies with them, and the life company that offers the annuity retains any surplus from the lump sum investment. Until 1999, the only choice available to anyone retiring was an annuity, a fixed income for life. Should you take a tax-free lump sum or use all the pension fund to buy an annuity? This annuity guarantees pensioners a regular income for the rest of their lives. This is not the case with their main pension fund, which must be used to purchase an annuity. At retirement the worker can take the accumulated money as a lump sum or turn it into an annuity. The trustee claimed to be entitled to elect under the policy to commute part of the annuity for a tax free lump sum. Ways to reform the annuity system have also been bandied about, such as allowing people to pass on some their pension pot to their descendants. With the rapid fall in interest rates the desire to purchase an annuity diminished. Show More Sentences Hideo succeeded and was awarded the decoration and an annuity for carrying out his duty so well. At the moment it's compulsory to convert your pension pot into an annuity by the age of 75 to give you an income throughout retirement. Instead of releasing a cash lump sum, the money is used to buy an annuity which pays out a regular monthly income for life. For some investors, an annuity can be an appropriate part of their financial plan if utilized properly. The annuity pays you a guaranteed income for the rest of your life. If he had done so, on his death his estate would have been entitled to a cash sum to be applied for the purchase of an annuity for his dependants. This phenomenon can also be observed in life annuity policies where beneficiaries averagely live longer than the rest of the population. In order to minimize the risk, the charitable organization may purchase an annuity from an insurer or some other issuer of annuities. California requires any organization that administers a gift annuity program to provide adequate reserves for any annuities sold in California or to California residents. Such a pension would normally be provided through the purchase of a non-commutable annuity. The purchase of a commutable annuity would leave the option open for these members to commute if and when they finally surface. An annuity is a promise to pay an income for life for a specified period of time. Alternatively, people will be able to choose a variable annuity, where their funds continue to be invested by their chosen fund manager. Cash out value should be used for insurance company guaranteed annuity contracts and general fund deposit administration contracts. Therefore, the annuity obligations for those who elected the pension option were not fixed until then. In the case of plans that have only retiree members, we base the discount rate on current annuity rates. If the annuitant should pass away before the guaranteed period runs out, the annuity will be paid out to the spouse until the end of this period. The modelling assumes withdrawal in the form of a price-indexed annuity using unisex annuity rates. At retirement, the accumulated notional capital is converted into an annuity taking account of average life expectancy at retirement. Are you looking to buy, sell, sell for an annuity, rent or arrange management for your property? Show More Sentences Lower sales of payout annuity products in the U. K due to heightened competition also contributed to the decline. The annuity will purchase clothing, and the fur will be traded for supplies, which will considerably ameliorate their condition. If you are not financially dependent because of a physical or mental infirmity, you can only transfer the amounts to a term annuity. The Annuity Estate Maximizer Concept: Ideal for those with excess annuity income that they plan to leave behind for their loved ones. Also, your purchasing power will be at risk for inflation unless the annuity has inflation adjustments. Selling an annuity is a logical extension to the new pension freedoms and carries similar risks. In effect, the plan will have to outline terms and parameters of the annuity contract at the outset of the plan. The treatment of an annuity on your death depends on the type of annuity you have purchased. In France, these concern retirement benefits paid in the form of an annuity or capital. You then have the opportunity to establish a life annuity or any other type of eligible annuity. The money has to stay in the RRSP and will be used to buy a life annuity at retirement age. As provided in these rules an annuity may be substituted for the payments provided for above. If your client is looking for a guaranteed base income, then the annuity should contain a fixed portion. They are also holders of annuity contracts and other financial products offered by SSQ's Investment and Retirement business line. If you choose to make a redemption, it will reduce the amount available for annuity payments. This business provides retirement, life and annuity products to 4.1 million customers. Commissioned brokers may have access to certain no-load mutual funds in a variable annuity wrapper, but there still is a commission on the annuity. Equitable is expected to first devise a draft proposal, designed to buy out the expensive annuity guarantees that the society can no longer afford. At retirement, savers can opt for a fixed or variable-rate annuity. These clerics often sided with the state and received some type of annuity, while clerics at the bottom of the religious hierarchy espoused anti-establishment sentiment. Show More Sentences After publication of her letter on the subject, some of her friends raised a small annuity for her soon after. This option states that, upon your death, the death benefit payable to your beneficiary or beneficiaries, is paid as a non-commutable annuity or as a lump sum payment. There is an inherent cost to purchase an annuity not present in providing a pension from a pension plan because the annuity provider must be compensated both for its services and for the risk it bears. Both self-employed ministers and employee ministers may participate in their church's or denomination's tax-sheltered annuity plan. A full year of results from RBTT, growth in our European life and other life retrocession businesses, and the continued expansion of our U. K. annuity reinsurance business also contributed to the increase. Today we offer life and health insurance, property and casualty insurance, annuity and investment products, and realty management services to countless numbers of clients. The objective of an annuity contract is to ensure that the title holder, thanks to a lump sum amount, receives consistent or variable benefits for a given period. Some variable annuity plans are tied directly to a cost-of-living index. Upon receipt of a written request duly filed by the Annuitant total or partial conversions of the property in the Plan into a life annuity are allowed until at any time, unless the investments have not yet come to maturity. Because the issuer guarantees the fixed rate of return in an annuity, the rates of return are relatively conservative. It could get behind a Senate bill that would require retirement plan administrators to give account holders an annual estimate of what sort of annuity check their savings would buy. Prince Rupert of the Rhine returned to the service of England, became a member of the privy council, and was provided with an annuity. On the death of Mr. B., the annuity, which he had so long received, fell in. How is the capital element determined for a life annuity? The open funds provide an annuity based on contributions. The normal form of pension is a life only annuity. Unlike defined benefit plans, the amount of the pension annuity is not guaranteed, and will be based on the accrued employer and employee contributions and the return earned by the fund. Removing a portion of the associated reinvestment risk will, in the long run, aid in the development of a more competitive and more complete annuity market. If people have an annuity, being lease revenue coming in over this period of time, it is worth something and they can present-value it and discount it. Related: Is selling your annuity a good cash deal? Show More Sentences This annuity is paid out to the annuitant for the rest of his life. Swiss Re recently purchased General Electric's reinsurance arm, and Britain's Aviva is in the process of buying AmerUs, an annuity business, despite selling its property-casualty business in America just five years ago. Yet he sees little risk in making gifts of cash and marketable securities or using approved techniques, like grantor retained annuity trusts, to pass money to heirs. On his death, Dickens settled an annuity on Ternan which made her a financially independent woman. In addition to his duties of paying annuity to Indians in the Treaty Eight area and obtaining adhesions of the Fort St. John and Fort Resolution Bands, Macrae was to report on the half-breed claims. When his resignation was accompanied by a peerage for Hester and an annuity to her of £3,000, there was again an outburst of abuse and scurrility. The annuity portion ensures retirement income stability. In 1053, the city was one of the four main cities of the Duchy of William the Conqueror to receive an annuity in perpetuity for the maintenance of one hundred needy. In the treaty Norway recognised Scottish sovereignty over the disputed territories in return for a lump sum of 4,000 marks and an annuity of 100 marks. George surrendered the Crown Estate to Parliamentary control in return for a civil list annuity for the support of his household and the expenses of civil government. He returned to Lisbon by April 8, 1484, where John II ennobled him, promoting him from esquire to a knight of his household, and granted him an annuity and a coat of arms. If the annuity price increases, further making the spread on top of the actuarily fair premium too high, the slope of ADRF will even reverse and become negative. The final regulations clarify the rules covering the period on which the annual payment must be based and the proration of the annuity or unitrust amount for short periods. If an EIA is an insurance product, then a firm would have to treat equity-indexed annuity sales by its brokers as an outside business activity, the NASD said. A pension or annuity may have first been acquired before a marriage. Many customers do shop around and compare annuities before buying from pension providers that are also competitive annuity providers offering enhanced rates for health issues. Examples from Classical Literature My kind master, at my request, granted me a lump sum in place of my annuity. If she had taken her annuity as usual, you would not have been here, and we should have been better off. This annuity was, by order of the prince regent, paid to her as long as she lived. The holder of an annuity is called an annuitant, and the person on whose life the annuity depends is called the nominee. She compromised for an annuity of two hundred pounds, to be continued to her child. Dettermain and Newson had declined to undertake the hypothecation of his annuity. He had been almost incapable of it before Mr. Verner's annuity fell to him. He's got some kind of annuity from a New York life insurance company. Subject to your life interest and an annuity to Zoe, is it not so? If the deceased had no claim upon you, why did you promise him an annuity? The calculations of various life assurance and annuity offices, among other figures which cannot go wrong, have established the fact. You speak of that annuity in pounds sterling, but it is in reality so many pounds of beefsteaks and so many pints of porter. My money is an annuity, so that I cannot leave anything to my children. This man enjoyed, by my uncle's will, an annuity of fifty pounds. It is only fair to tell you that I have no money but my annuity. David had bought an annuity for himself with his money, I know,' said she, by and by. My mother has a little property, which takes the form of a small life annuity, upon which she lives in an independent though unassuming manner in the Old Street Road. Charitable remainder trusts allow an individual to donate an asset to a charity and then generate a fixed or variable rate annuity on the value of that donation. Besides his fiction of an annuity, about which no one at the present time knew anything, the chevalier really had, therefore, a bona fide income of a thousand francs. Find more words! 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What is the opposite of annuity? Words that rhyme with annuity What is the plural of annuity? What is the noun for annuity? Translations for annuity Use our Sentence Generator Nearby Words annuities annuitants annuitant annuals annual report annual percentage rate annul annular annulate annulated annulation annulet 7-letter Words Starting With a an ann annu annui annuit