The phrase "amount of annuity" is correct and usable in written English.
It can be used when discussing financial matters, specifically referring to the total sum of money that is paid out or received in the form of an annuity.
Example: "The amount of annuity you will receive depends on the terms of your contract and the investment made."
Alternatives: "total annuity value" or "annuity sum".
"Meanwhile, I feel pretty bad about the seemingly small amount of annuity income that large balance would purchase and about the prospect of handing it over to an entity that will keep it all if I'm hit by the proverbial bus after walking out of their office".
The SEC also explains that should an insurer default, the State Guarantee Fund will step in and "attempt to find a replacement insurer for your contract, or will offer insurance on a given amount of annuity investment (usually up to $100,000, but greater in some states).".
The larger number is the amount of the annuity (how much winners would get over many years) while the cash payout represents a smaller lump-sum amount that a winner could choose to receive.
The most popular payout option pays the full amount of the annuity over a specified period, with any balance remaining after your death being paid to your beneficiary.
At a probably royalty of $1.75 per record, that gives the Stones a kind of annuity amounting to around $2 million a year even if they quit work.
However, the amount of money put into annuities has slumped as many people choose to move into income drawdown to take advantage of the new pension freedoms.
She said that when she chose the one-time payment, she was under the impression that if she died in 20 years, she would still have had a "significant amount of money" left in the annuity that her son would have to forfeit.
Today holders of the Victoria Cross or George Cross are entitled to an annuity, the amount of which is determined by the awarding government.
Deborah Tucker, a spokeswoman for the National Association for Variable Annuities, a trade group, acknowledged that "a considerable amount" of the sales of variable annuities had been coming from the replacement of old annuities with newer ones.
As the number of older Americans reaching retirement increases, annuities may gain in popularity as retired workers look to supplement their income with either fixed-rate products that deliver a steady amount of cash, or variable-rate annuities that fluctuate with the market.
The amount of income from a lifetime income annuity depends on the holder's sex, age and various options chosen, but the company offered this example: A 65-year-old man can begin a stream of income with a payout rate of more than 8.3percentt guaranteed for life.
