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A guaranteed annuity or life and certain annuity, makes payments for at least a certain number of years (the "period certain"); if the annuitant outlives the specified period certain, annuity payments then continue until the annuitant's death, and if the annuitant dies before the expiration of the period certain, the annuitant's estate or ...
Annuities that provide payments that will be paid over a period known in advance are annuities certain or guaranteed annuities. Annuities paid only under certain circumstances are contingent annuities. A common example is a life annuity, which is paid over the remaining lifetime of the annuitant. Certain and life annuities are guaranteed to be ...
A fixed annuity is a long-term investment that provides a predictable income stream. Offered by insurance companies, banks and other financial institutions, it guarantees a fixed interest rate and ...
The same investment being tracked in the index annuity with an initial investment of $100,000, a 40% loss after one year is replaced with a 0 and the account balance is still $100,000, the subsequent 10% gain the following year is reduced to 6% due to the cap, which would be a $6,000 gain, so the $100,000 investment would be worth $106,000.
The most common are term certain, life and life with guaranteed period. Term certain annuity: ... a $100,000 annuity with a guaranteed 6% interest rate that pays out over 10 years would give you ...
Life with period certain: These payouts continue for your entire life, but they also carry a guaranteed term, such as 10 or 15 years. If you die before the end of the term, your payments will ...