only: This allows the client to target how long they need an income stream.
The healthy spouse purchases a five-year period certain
only SPIA ($200,000 deposit) and receives about $3,200 per month (this type of annuity pays for 60 months, then stops).
For example, to generate the $500 Al and Ann need from a joint and survivor life immediate annuity with a 10-year period certain
may require a premium of approximately $92,000.
And many among the current crop of products offer options--life contingent versus period certain
payouts, single premium versus multi-premiums, a return of death benefit or living commuted value--that provide clients with a degree of flexibility not available in earlier iterations.
The letter also outlines "supervision violations" in "FA training" and "sales practices," and stated that "during the relevant period certain
sales of Lehman PPNs were unsuitable.
As an aside, funding an additional $3,000 into the income annuity would provide a joint lifetime income with a 20-year period certain
while providing the same $10,000 annual income.
5 percent AIR, they can get a joint and survivor life (75 percent continuation) IVA with a 10-year period certain
that pays $514.
Pre-July 1986 investment in the contract (adjusted for period certain
guarantee) $7,000 One year's guaranteed annuity payments (12 x $100) $1,200 Life expectancy from Table I, male age 65 15 yrs.
Payments made under an annuity contract may be for the life of the employee (or lives of the employee and his or her beneficiary), or a period certain
not longer than the life expectancy of the employee (or joint and last survivor life expectancy of the employee and his or her beneficiary).
It lengthened the period certain
people must wait to obtain driving privileges.
Last week the Government announced the tax on unleaded petrol would be cut by 2p a litre from Budget Day until June, a period certain
to cover the election campaign.
Another SCRA provision would extend the period certain
testamentary and grantor trusts may own S stock from 60 days to two years.