If you observe, people always live for ever when there is an annuity to be paid them.
Quotes about annuity (16 Quotes)
This is the least expensive variable annuity we've found that offers a living income benefit and contains a guaranteed roll-up death benefit. And the living income benefit and death benefit are second to none in the industry.
They have a very fast growing variable annuity business that has not even been recognized in the market place, yet, ... It's just perceived as a stodgy property and casualty company.
A flat fee of 20 a month is unheard of. With this annuity, you don't have the burden of the mortality and expense charge. Over time, this is a huge advantage.
There were four people who are eligible to retire by '07 but want to wait until '08. We've agreed on a reduced incentive. They will incur a small financial penalty from the state retirement system and a slightly reduced annuity.
An annuity is a very serious business.
Once you have taken your tax-free lump sum, the remaining 75 per cent of your fund will be treated differently on death. If you die before you take your cash, your pension fund passes to your dependants as a lump sum subject to income tax on death. But if you die after taking the 25 per cent cash, the remaining 75 per cent in your pension fund would only be accessible as a lump sum subject to 35 per cent tax or as a regular tax-free income through an annuity.
Buy an annuity cheap, and make your life interesting to yourself and everybody else that watches the speculation.
Since compensation is the law
Of life it's up to me
To round the century and draw
My Life Annuity.
You might want to take an annuity if you have super longevity in your family.
If you are not astute in managing money, are not comfortable working with a financial planner, and are concerned about the market, taking an annuity may give you greater peace of mind.
Don't automatically choose the annuity payout many of them offer if you're given a choice. Again, the IRA just gives you more flexibility.
We have also made the decision to have only 1 per cent of the fund invested in fixed interest. Instead, we use investments like the RG Casey building in Canberra to deliver a higher annuity style income for rents for long periods.
The costs of an annuity are a humongous drag on a portfolio. You add in the ordinary income tax rate on withdrawals, and it's very hard to make it work out.
We are extremely pleased to reduce rates for educators who give so much to our community. The facts prove that teachers are a better insurance risk with fewer claims, so we are passing the savings along by reducing their rates. We've also increased our auto discount for customers who have other lines of business with us, such as life or homeowner insurance or an annuity.
After two to three years of operating, that facility is paid for by way of savings. Because there's such a rapid rate of return, it looks like an annuity. They're saving between 500,000 and 1 million year after year.