Explore the benefits and workings of Group Annuities, a collective approach to retirement planning for employees of the same employer. Understand how group annuity contracts are structured and their advantages.
Learn about Group Permanent Insurance, a plan that offers both retirement benefits and life insurance for groups. Understand its features, including equal premium usage.
Learn about an Excess Plan in pensions, a retirement funding strategy that includes the impact of social security benefits. Understand its importance and how it can affect your retirement planning.
Explore the concept of Life Annuity in the insurance domain, focusing on how it provides a lifelong income paid on a regular basis. Learn its benefits and key insights.
Learn about the single premium funding method used in pensions, which involves saving money annually to fund future benefit payments. Understand how this funding approach works, its benefits, and its implementation.
Explore the concept of Retirement Annuity in life insurance, a deferred annuity wherein the consideration is paid in installments until reaching a pre-selected retirement age.
Learn about target benefit plans, a hybrid between defined benefit and defined contribution plans that require employer funding for a target benefit.
Learn about revocable trusts, a type of trust that allows the grantor to retain control and the ability to revoke or modify the trust. Discover the essentials of estate planning and legal terminologies.
Understand deferred compensation plans and how the deferment of an executive's salary can supplement retirement income. Learn about the agreement requirements and employee loyalty benefits.
Explore the benefits and workings of Deferred Group Annuities, a group annuity contract that enables annual purchases of deferred annuities, ensuring retirement income.
Learn about installment refund annuities, a type of annuity that ensures benefit payments until the equivalent of the purchase price is paid out. Essential information for financial planning.
Understand the Money Purchase Benefit Formula for pensions, featuring fixed contributions from both employees and employers based on salary.
Explore the benefits and details of a noncontributory retirement plan, where the employer pays the full premium amount, ensuring a secure retirement for employees.
Discover the role of open-end investment companies in pensions. Learn how mutual funds are managed by investment advisers to benefit shareholders.
Learn about the critical role of a plan sponsor in pensions, specifically the responsibilities of organizations like employers in establishing and managing retirement plans.
Explore the concept of a Refund Life Annuity, an annuity that ensures the same amount paid in by the insured is distributed as installment payments during their lifetime and to their beneficiary upon death.
Discover the benefits and structure of a Retirement Income Policy in life insurance, including how it integrates endowment features with a focus on retirement planning.
Learn about T Tables (Pensions) and their significance in calculating retirement benefit funding by incorporating interest and mortality rates.
Learn about Third Party Administration (TPA) responsible for accounting, reporting for qualified plans, and acting as the liaison between employers and insurers.
Learn about the Ordinary Life Pension Trust—how it funds through life insurance contracts, offers death benefits to employees, and transitions to retirement benefits.
Explore the Benefit Allocation Method in pension funding, a technique where a single premium payment annually secures individual benefits for each year of service, commonly through annuities.
Learn about unallocated funds in pensions, where plan funds are pooled together for the benefit of all participants. Explore its significance and how it impacts pension plans.
Explore the concept of unfunded plans in pensions, which utilize a pay-as-you-go funding method, and understand their implications.
Discover what an unqualified plan is within the realm of pensions, including its definition and key tax implications that make it distinct from qualified plans.
Learn about advance funding in pensions, a crucial method where money is designated to fund future retirement benefits. Understand its importance in securing financial stability for retirees.
Learn how a conversion fund supplements life insurance or limited payment life policies to increase cash dispersed at retirement for a steady monthly income.
Learn about Elective Deferral Plans for pensions, where policyholders can defer present payments into a retirement plan, offering tax advantages and a streamlined path to retirement savings.
Learn about individual account plans in pensions. Understand how these defined contribution or profit-sharing plans generate separate accounts and the factors affecting the benefits for each participant.
Learn about the installment refund option in annuities, an option that ensures continued payouts even after the annuitant's death, until the purchase price is fully refunded.
Explore the concept of Past Service Liability, the starting value of a pension plan that consists of annuity credits vested before the effective date, and understand its implications in pension management.
Discover what a Rabbi Trust is in the context of pensions, its tax implications for employees, and why it is named after the first trust set up for a rabbi.
Learn about sponsor plans in pensions, where employers or employee groups set up or maintain benefit plans for employee retirement and other advantages.
Learn about defined contribution pension plans where contributions are predetermined, with the benefit amount totaling the contributions. Discover how these plans impact retirement savings.
Explore the fundamentals of employment benefit plans that include pension and welfare plans designed to provide financial security and health benefits to employees.
Learn about the concept of an indexing year in health insurance, crucial for calculating social security benefits effectively.
Learn about the significance of the Plan Year in pensions, a 12-month period for keeping plan records, which can follow a calendar year or fiscal year.
Learn about the 401k plan—a popular retirement savings option featuring employee contributions from pre-tax salary and potential employer matches. Find out how it helps secure your financial future.
Learn about Deposit Administration Liability, a group annuity allowing contributions to accumulate in an undivided account for retirement annuities.
Understand the deposit administration group annuity, a type of group agreement that establishes a deposit account before retirement, from which annuities are purchased post-retirement.
Understand the concept of employee contribution in health insurance and pension plans. Learn how premiums and retirement deductions work.
Discover the HR-10 Pensions, also known as the Keogh Act Plan. Learn how this retirement plan benefits self-employed individuals by providing tax advantages and retirement savings options.
Discover the benefits and details of the joint-survivor option in annuities, ensuring continued income for beneficiaries after the annuitant's death.
Learn about the Normal Retirement Benefit in pensions, which represents the greater of an employee's early retirement benefit or the benefit at normal retirement, excluding medical or disability benefits.
Explore the intricacies of pension plans. Learn how they provide monthly income for retirees and their spouses, along with death and disability benefits, ensuring financial security under the Employee Retirement Income Security Act.
Discover how a Profit Sharing Plan allows employees to share in company profits. Learn how these plans work, their potential tax benefits, and distribution options.
Learn about tax sheltered annuities, where contributions are tax-deductible and benefits are not taxable until payout. Ideal for employees seeking tax-deferred growth.
Deferred compensation in pensions allows employees to defer current payments until death, disability, or retirement, as agreed upon with the employer in a written statement. Learn the benefits and regulations.
Learn about Deposit (Pensions) - the payments made towards a pension fund by employees, employers, or both, and understand its significance in insurance.
Learn about the entry age in pensions, typically set at 65, which determines the eligibility of an employee to participate in a pension plan.
Learn about multiple funding in pension plans, utilizing a separate fund and insurance cash values to secure retirement benefits.
Learn about the concept of Tax Basis in pensions, including its role in qualified plans and how it affects taxation.
Learn about Uninsured Plans in pensions, which operate without being handled through an insurance product. Understand their implications and structure.
Learn about the concept of past service benefit in pensions, which provides credit for the time an employee worked before a retirement plan was instituted.
Learn about the year plan in pensions, including the differences between a fiscal and calendar year, and how plan records are maintained.
