Annuity Payout Options
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Annuity Payments
The payments or income stream that flows from the insurance company to the annuitant when an annuity contract is annuitized.
Full List of Annuity Types
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What happens if the The Dollar is abandoned and new currency issued?
An interesting question and a rather extreme scenario I suppose.
As you indicate, the currency can suffer quite a bit of damage through either inflation or deflation.
I am not sure, however, how the contractual obligations would be affected in an insurance or annuity contract if the currency were replaced.
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Pensions and Annuities in the UK
Submitted by Anonymous on
Just read an interesting article in the Fool about the decline of personal pensions in the UK: http://www.fool.co.uk/news/investing/2010/02/15/a-decade-of-plunging-pen...
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Senate Bill 2832 Could Transform Retirement Income Market
While an initial step, Senate bill 2832 could set the course for significant changes in the retirement income industry. The bill would amend the Employee Retirement Income Security Act (ERISA) which governs defined contribution plans such as the 401k . Plan sponsors would be required to provide plan participants with an annual statement that shows what the value of their retirement account would be in terms of guaranteed monthly payments--in other words, annuity payments. The bill is intended...
