AA-Share Variable Annuities Show Accumulation Phase Accumulation Unit Value (AUV) Annual Contract Fee Annuitant Annuitization Annuity Annuity
Commencement Date Annuity Contract Annuity Owner Annuity Income Payments Annuity Start Date Annuity Purchase Rate Annuity Unit Annuity Unit Value
Application Asset Allocation Asset Allocation Programs Asset-Based Expenses
Assumed Investment Return (AIR) BB-Share Variable Annuities Bailout
Provision Beneficiary Bonus Rate Bonus Share (X-Share) Variable Annuities Breakpoint Pricing CC-Share Variable Annuities Cash Refund Annuity Cash Surrender Value Cash Value Charitable Annuity (Gift Annuity) Commutation Contingent
Annuitant Contingent Beneficiary Contingent Deferred Sales Charge Contract Date Contract Owner Cost Basis DDeath Benefits Deferred Annuity Defined Benefit Plan Defined Contribution Plan Distribution Dollar Cost Averaging EEarly Withdrawal Penalty Effective Annual Yield Effective Interest Rate Enhanced Death Benefit Enhanced
Earnings Benefit ERISA Excess Interest Exchange Traded Funds (ETFs) Exclusion Ratio Expense Ratio FFiduciary Fixed Account Fixed Annuitization Fixed Annuity Fixed Indexed Annuity Fixed Period Annuity Flexible Premium Annuity Free-Look
Period Front-End Load GGeneral Account Guarantee Period Guaranteed Interest Rate Guaranteed Investment Contracts (GICs) Guaranteed Lifetime Withdrawal Benefit
(GLWB) Guaranteed Minimum Accumulation Benefit (GMAB) Guaranteed
Minimum Death Benefit (GMDB) Guaranteed Minimum Income Benefit (GMIB) Guaranteed Minimum Living Benefit (GMLB) Guaranteed Minimum Withdrawal Benefit (GMWB) II-Share Variable Annuity Immediate Annuity Income Floor Guarantee Income or Payout Options
Indexed Annuity Individual Retirement Account (IRA) Initial Interest Rate
Insurance Charges Investment Management Fee Issuer JJoint and Survivor Annuity LL-Share Variable Annuities Levelized Annuity Payments Life Annuity Life Expectancy Lifetime Income Living Benefits Longevity Risk Lump-Sum Distribution Lump-Sum Option MMarket Risk Market Value Adjustment (MVA) Minimum Credited Interest Rate Money Market Fund Money-Purchase Plan Monte Carlo Simulation Mortality and Expense Risk Charge (M&E) Mortality Table NNet Asset Value (NAV) Net Sales Non-Qualified Annuity OO-Share Variable Annuities PPartial Withdrawal Party-at-Interest Payout Phase Pension Annuities Pension Benefit Guaranty Corporation (PBGC) Period Certain Persistency Bonus Portfolio Rebalancing Premature Distribution or Withdrawal Premium Bonus Premiums Premium Taxes Primary Beneficiary Private Annuity Proceeds QQualified Annuities RRatchet Guaranteed Minimum Death Benefit Refund Annuity Renewal Rate Reserve Retirement Income Period or Phase Reverse Annuity Mortgage Rising Floor Guaranteed Minimum Death Benefit Risk Pooling Rollover
SSavings Period Section 1035 Exchange
A requirement in a 1035 exchange is that the owner is not in constructive receipt of the surrendered contract value. In cases in which the old and new carriers are different companies, this is accomplished by the owner assigning the contract to the new carrier, which takes delivery of the surrender proceeds, which are then applied to the new contract. Separate Account Service Provider Simplified Employee-Pension Plan (SEP) Single Premium Annuity Split Annuities Standalone Lifetime Benefit (SALB) Stepped-Up Death Benefit Straight Life Annuity Subaccount Subaccount Investment Objective Surrender Charge Surrender Value Systematic Withdrawal Plan TTax-Qualified Retirement Plan Tax-Sheltered Annuities Term Certain Annuity Total Sales Transfer Transfer Fee Trustee UUnbundled Contracts Unit Value
VVariable Annuitization Variable Annuity Variable Annuity Payment Floor Variable Annuity Unit Value Variable Investment Options WWithdrawal Fee Wrap-fee XX-Share (Bonus) Variable Annuities On what date are periodic payments under a deferred annuity scheduled to begin?Periodic income payments begin at a specified date, often age 65. The period between the purchase date and the date the income payments begin is called the deferral or accumulation period. During this period the insurance company treats your premium payments much like deposits to a savings account.
What is periodic payment in deferred annuity?An annuity is the series of periodic payments received by an investor on a future date, and the term “deferred annuity” refers to the delayed annuity in the form of installment or lump-sum payments rather than an immediate stream of income. It is basically the present value of the future annuity payment.
How soon can a benefit payments begin with a deferred annuity?Benefit Payments From Deferred Annuities With Lifetime Income Riders. If the annuity has a Guaranteed Lifetime Withdrawal Benefit or an income rider, benefit payments can begin as early as 30 days after the contract is issued or one year after the contract comes into force, depending on the annuity's terms.
When the periodic payments are made at the beginning of each payment interval the annuity is called?Key Takeaways
Annuity due is an annuity whose payment is due immediately at the beginning of each period. Annuity due can be contrasted with an ordinary annuity where payments are made at the end of each period.
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