annuitant in A Sentence

    1

    Under this plan, Annuitant will receive pension till lifetime.

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    2

    Minimum age for application(first Annuitant) is 40 years for new members;

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    3

    The actual amount is returned on the death of Annuitant and spouse.

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    4

    After the death of the Annuitant, the nominee receives 37, 050 INR.

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    5

    Under this option, the Annuitant gets the benefit till he/she is alive.

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    6

    A GMWB is an option that Annuitants can purchase for their retirement annuities.

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    7

    On the death of the Annuitant, the nominee gets the full pension every year.

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    8

    Option A- This is an immediate annuity plan in which the Annuitant gets the returns immediately.

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    9

    According to above example, the Annuitant is liable to get 48, 750 INR annually as a pension.

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    10

    On the death of the Annuitant, the nominee gets the amount which is 100% of the pension.

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    11

    Annuity Certain: As per this clause, the annuity is paid to the Annuitant for a specific number of years.

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    12

    The Annuitant can choose the period and if he dies before exhausting all payments, the annuity will be paid to the beneficiary.

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    13

    The real rate of return is the nominal return, less the inflation rate, thus protecting Annuitants and beneficiary investors from inflation.

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    14

    Before the Deferred Term: During the period of deferred annuity plan, if one of the Annuitant dies, then other gets the death benefits.

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    15

    The owner, or Annuitant, elects the annuity type and any beneficiaries at inception, though beneficiaries may be changed by the Annuitant prior to death.

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    16

    For some, payment ends with the death of the Annuitant, but others provide for payment to a spouse or other beneficiary for years afterward.

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    17

    Before the Deferred Term- During the period of deferred annuity plan, if one of the Annuitant demises than other get the death benefits.

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    18

    But what makes a years certain annuity unique is that it provides that income for a predetermined length of time regardless of how long the Annuitant lives.

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    19

    However, what makes a years certain annuity unique is that it provides that income for a predetermined length of time regardless of how long the Annuitant lives.

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    20

    This differs from a life annuity, which provides payouts for the remainder of the Annuitant's life and, in certain cases, the life of the Annuitant's spouse.

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    21

    These plans offer the single premium route so that the insurance company can use the amount invested by the Annuitant to build up a corpus for him or her.

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    22

    In addition to the sometimes hefty fees incurred by Annuitants, you risk losing part of your investment if you die prematurely, as you may not be able to pass the remainder of the annuity on to your beneficiaries.

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    23

    The insurance companies offer a diverse range of pension plans for various terms that allow the Annuitant to choose the period for which they want to receive the annuity. If you are thinking of retirement planning then look for the best pension plan in India by looking at the annuity they offer vis-a-vis the premium you will pay.

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