Income Annuity financial definition of Income Annuity. Income Annuity finance term by the Free Online Dictionary.

Income Annuity

A fixed or variable annuity that pays a certain monthly or (rarely) annual sum for the term of the annuity. The payments begin as soon as the annuitant buys the annuity. Usually, the annuity's term is the remainder of the annuitant's life, 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 stable income for the annuitant, generally in retirement. See also: Lifetime annuity, Pension.

Income annuity. An income annuity, sometimes called an immediate annuity, pays an annual income, usually in monthly installments.

Your income is based on the annuity's price, your age (and your joint annuitant's age if you name one), the term length, and the specific details of the contract. It's also dependent on the annuity provider's ability to meet its obligations.

You might buy an income annuity with assets from your 401(k) plan, or your plan may buy an income annuity on your behalf. In that case, the annuity provider guarantees an income that will satisfy your minimum required distribution.

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Annuity Unit Life Annuity Life Option Straight Life Annuity	He believed that one of his clients, a 70-year-old businessman with no spouse or heirs would benefit from putting about a quarter of his wealth into a single premium income annuity, or SPIA. SPIAs still ahead of their time by Pechter, Kerry / Boomer Market Advisor Besides developments on the income annuity front, Montminy suggests more insurers are poised to make long term care insurance features available with their fixed annuities, giving contract holders the ability to tap into annuity value to pay for long term care. The future of annuities: income and security are hallmarks of a new, ... by Port, David / Senior Market Advisor In contrast, a 65-year-old couple buying American General's Platinum Income Annuity would lock in annual payments of about 7% for as long as at least one spouse is alive, said Rafferty. The right prescription: as the financial crisis grinds on, annuity ... by Panko, Ron / Best's Review	In-Service Withdrawal In-Substance Debt Defeasance In-Substance Defeasance In-the-Money In-the-Money Option Inactive Account Inactive Asset Inactive Bond Crowd inactive license Inactive Post Inactive Security Inactive Stock/Bond Inactivity Fee Inadempimento del contratto Inadimplente Inc. Incentive Fee Incentive Stock Option Incestuous Share Dealing inchoate Incident de paiement Incipient Default inclusionary zoning income income and expense report Income Annuity income approach income averaging Income Baskets Income beneficiary Income Bond income capitalization approach Income Deposit Security Income Dividend Income Elasticity of Demand Income Exclusion Rule Income Fund Income Immunization Strategies Income in respect of a decedent Income Investment Company Income Limited Partnership income limits income per share income property Income Risk Income Share Income Shares income statement Income Stock income stream income tax	incombustibility incombustibility incombustible incombustible Incombustible cloth incombustibly incombustibly income income income income income income Income & Corporation Tax Act 1988 Income & Expense Income After Tax Income Amount Income Amount Income Amount Income Amount Income Amount Income Amounts Income Amounts Income Amounts Income Amounts Income Amounts income and expenditure account Income and Expenditure Accounts Division income and expense report Income Annuities Income Annuity Income approach income averaging Income Based Job Seekers Allowance Income Based Repayment Income Basket Income baskets Income before Depreciation and Amortization Income before Extraordinary Items Income Before Fixed Charges Income Before Interest and Taxes Income Before Taxes Income beneficiary income bond income bond Income Bonds Income Bonds income bracket income capitalization approach Income Contingent Loan Income Contingent Repayment Income Contingent Repayment Plan Income Damages Calculator Income Deposit Securities Income Deposit Security Income Deposit Security Income Deposit Security Income Deprivation Affecting Children Index Income Deprivation Affecting Older People

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Annuity Unit
Life Annuity
Life Option
Straight Life Annuity

He believed that one of his clients, a 70-year-old businessman with no spouse or heirs would benefit from putting about a quarter of his wealth into a single premium income annuity, or SPIA.

SPIAs still ahead of their time by Pechter, Kerry / Boomer Market Advisor

Besides developments on the income annuity front, Montminy suggests more insurers are poised to make long term care insurance features available with their fixed annuities, giving contract holders the ability to tap into annuity value to pay for long term care.

The future of annuities: income and security are hallmarks of a new, ... by Port, David / Senior Market Advisor

In contrast, a 65-year-old couple buying American General's Platinum Income Annuity would lock in annual payments of about 7% for as long as at least one spouse is alive, said Rafferty.

The right prescription: as the financial crisis grinds on, annuity ... by Panko, Ron / Best's Review

In-Service Withdrawal

In-Substance Debt Defeasance

In-Substance Defeasance