The period of time when an annuity is being funded and before payouts begin is referred to as the accumulation phase.1 When a person inherits an annuity, the gains stay with the policy. Depending on the type of annuity, the tax will be owed on the lump sum received or on the ...
The Company will pay the Annuitant the first of a series of annuity payouts on the Annuity Commencement Date by applying the Owner’s Annuity Account Value according to the Payout Options provisions of this Contract. Subject to the conditions within the Annuity Payout Options: General Provisions...
Plan for your retirement: 401K/403b Calculator Compare annuity payouts to create your desired strategy: Annuity Calculator Understand how your retirement contributions may differ: IRA Eligibility Calculator Retirement Planning Whether you prefer to independently manage your retirement planning or work with ...