Contingent Annuity

These can be events that might or might not occur such as the failure of a company that has issued a coupon bond or events that are certain to occur but whose timing is.

Contingent annuity. A contingent annuitant is someone designated by an annuitant to receive the annuitants payments when they pass away. If youve ever asked yourself what is a life contingent annuity we have the answer. For example Change your primary or contingent beneficiary Your beneficiary change request will not be changed if the annuity is owned by a for example 50.

If the primary beneficiary or beneficiaries die before the inheritance is claimed the contingent beneficiary will inherit the death benefit. The Contingent Deferred Annuity CDA design establishes a lifetime income floor for purchasers at or near retirement while still allowing them to take advantage of potential market returns. In a contingent annuity policy the payment will not be made to the annuitant or the beneficiary until a certain.

The same products are also called temporary annuities period-certain annuities or term-certain annuities by various companies. Contingent annuity is a form of annuity contract that provides income payments at the time when the named contingency occurs. Certain and life annuities are guaranteed to be paid for a number of years and then become contingent on the annuitant being alive.

MetLife offers annuities which consist of fixed annuities variable annuities deferred annuities and immediate annuities. When you have an annuity such as a pension from an employer or an annuity you purchased you may have the option of designating a contingent annuitant. 69 million shares of contingent convertible preferred stock and 40 million equity units.

They have certain advantages over life annuities. A contingent annuitant can also be added to a privately purchased annuity. Contingent Annuity The contingent annuity form of payment provides you with a monthly benefit payment for your life and when you die it will provide a monthly benefit payment for the life of a designated survivor if that person is still living at your death.

A life-contingent annuity is A life-contingent annuity contract The amount of each monthly or annual payment is based on your life expectancy. A common example is a life annuity which is paid over the remaining lifetime of the annuitant. Annuities with a contingent annuitant do.