Decumulation definition

Decumulation means the process of using policyholder’s fund to provide retirement income. This could involve purchasing an annuity to provide an income for life or leaving the fund invested and taking it out as one or more lump sums.
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Decumulation means decumulation Class of Units which may, at our discretion, make distributions to Holders of such Class.
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Examples of Decumulation in a sentence

  • There are no limitations to this service level Foundation Accumulation Service Wealth - Accumulation Service Wealth - Decumulation Service Wealth - Preservation Service Wealth - High Net Worth Service Review your long-term financial plan with you at least every year, including updating your goals and objectives.

Related to Decumulation

  • Cumulation Period means the period from, and including, the first RFR Banking Day of that Interest Period to, and including, that Cumulated RFR Banking Day;

  • Accumulation shall not exceed an amount equal to twice the annualized current vacation earnings rate of the employee. This is the employee’s “Maximum Balance.”

  • Accumulation Amount means $83,333,333.34; provided, however, if the commencement of the Accumulation Period is delayed in accordance with Section 2.11 hereof, the Accumulation Amount shall be determined in accordance with the definition of “Accumulation Amount” in the Indenture Supplement.

  • Accumulation Period has the meaning set forth in the Indenture Supplement.

  • Return Accumulation Period means the period from (and including) a Periodic Distribution Date (or, in the case of the first Return Accumulation Period, the Issue Date) to (but excluding) the next (or, in the case of the first Return Accumulation Period, the first) Periodic Distribution Date;