Sentence examples for old annuity from inspiring English sources

The couple's financial planner assured them the bonus would amply cover the $25,200 surrender charge from the old annuity (4% of their original investment of $630,000).

The new provider will make all the arrangements with your old annuity provider to transfer the funds to your new low-cost annuity.

The enticement: If the couple transferred the $1 million from the old annuity to a new one offered by insurer ING Golden American, they would get a $50,000 bonus to juice their new account.

Insurance salesmen sometimes use this pitch: If you ditch that old dog of a variable annuity and buy a new one from me, you can deduct your loss on the old annuity above the line that is before you calculate your AGI.

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.

But what does it mean for the centuries-old annuity, and the security of an income for life which it provides?

Among Mr. Del Monte's exceptions are older annuities that have high guarantees and favorable terms for adding more money; another is the offerings of stripped-down, low-cost deferred annuities from newer annuity companies.

And Mr. Cortazzo said people with older annuities might still be able to add to them and could get more generous payments because the contracts were based on outdated mortality tables.

The new avenue in the inquiries, according to regulators, involves so-called churning, or the unnecessary replacement, of old variable annuities with new ones.

Its the old story: Annuities are sold, not bought.

Now let's look at a new variation on this old game, the bonus annuity.