theannuitant'slife, and sometimes the life of his/her surviving spouse, depending on the nature of the particular contract. An income annuity is usually purchased for a lump sum, and is designed to provide a stableincomefor the annuitant, generally inretirement. See also:Lifetime annuity,...
Successfully enroll in BOC Life Deferred Annuity (Fixed Term) (Apply via mobile banking)* underwritten by BOC Group Life Assurance Company Limited ("BOC Life"); OR vi. Successfully submit the application for BOC Express Cash Instalment Loan or BOC Express Cash Instalment Loan Balance Transfer and...
individual retirement account,IRA- a retirement plan that allows you to contribute a limited yearly sum toward your retirement; taxes on the interest earned in the account are deferred Keogh plan- a tax-deferred pension plan for employees of unincorporated businesses or for self-employed persons ...
One practice that has raised particular concern is a tactic that advises reverse-mortgage borrowers to bundle their loans with a second financial product, such as a deferred annuity or insurance. Reverse mortgages revisited: legislative changes introduce greater consumer protections: reverse mortgages, wh...
Is there a magical formula that can give you enough to live on while ensuring you never run out of money? That’s the basic—although it’s not exactly magical—concept behind the 4% rule. According to this rule, by withdrawing roughly 4% per year from your tax-deferred accounts, you ...
The status of a tax-deferred annuity can be the following: Free Look Extended Free Look (New York and California residents only) Active Payout The status of an income annuity can be the following: Free Look Extended Free Look (New York and California residents only) Payout Back Contract ...
If the charge is levied when you purchase the shares, it's called a front-end load. If you pay when you sell shares, it's called a back-end load or contingent deferred sales charge. And with a level load, you pay a percentage of your investment amount each year you own the fund....
. The single port manager is responsible for providing strategic deployment status information to the combatant commander and to manage workload of the APOD and SPOD operator based on the commander's priorities and guidance. The single port manager is responsible through all phases of the theater ...
individual retirement account,IRA- a retirement plan that allows you to contribute a limited yearly sum toward your retirement; taxes on the interest earned in the account are deferred Keogh plan- a tax-deferred pension plan for employees of unincorporated businesses or for self-employed persons ...