Annuitization Method — A type of annuity distribution structure that gives the annuitant periodic income payments for the rest of his or her life, or a specified period of time. This is different than the systematic withdrawal method, with which the annuitant chooses… … Investment dictionary
Annuitization Phase — The period when the annuitant starts to receive payments from the annuity. This period is after the accumulation phase where money is invested into the annuity. When one retires they often rely on their savings as a source of income, after… … Investment dictionary
Fixed Annuitization Method — One of three methods by which early retirees of any age can access their retirement funds without penalty before turning 50.5. The fixed annuitization method divides the retiree s account balance by an annuity factor taken from IRS tables to… … Investment dictionary
Annuity (US financial products) — In the U.S. an annuity contract is created when an individual gives a life insurance company money which may grow on a tax deferred basis and then can be distributed back to the owner in several ways. The defining characteristic of all annuity… … Wikipedia
Annuity (European financial arrangements) — An annuity can be defined as a contract which provides an income stream in return for an initial payment.Immediate annuityAn immediate annuity is an annuity for which the income stream begins at a time after the initial payment which is less than … Wikipedia
Life With Guaranteed Term — An annuitization method option with which the annuitant chooses to receive regular income payments that are guaranteed to last the rest of his or her life but also guarantees income payments for a minimum number of years (the term) following the… … Investment dictionary
Commuted cash value — refers to the present value of an annuity after annuitization. This differs from typical cash value; if a commuted cash value is stipulated in an annuity contract, this allows the owner of the annuity to cash the contract in, even after… … Wikipedia
Accumulation Period — 1. The phase in an investor s life when he/she builds up his/her savings and the value of his/her investment portfolio with the intention of having a nest egg for retirement. 2. In the context of a deferred annuity, the period of time when the… … Investment dictionary
Accumulation Phase — 1. A period of time when an annuity investor is in the early stages of building up the cash value of the annuity. This is followed by the annuitization phase where payments are paid out to the annuitant. 2. The period of time when an investor… … Investment dictionary
Annuity — A financial product sold by financial institutions that is designed to accept and grow funds from an individual and then, upon annuitization, pay out a stream of payments to the individual at a later point in time. Annuities are primarily used as … Investment dictionary
