Annuities Defined

Annuities Define The Annuity Expert.

Annuities defined. How much you get is determined by the rate the annuity provider offers. A fixed annuity is a type of insurance contract that promises to pay the buyer a specific guaranteed interest rate on their contributions to the account. An annuity is a contract between you and an insurance company that requires the insurer to make payments to you either immediately or in the future.

In the United States an annuity is a structured insurance product that each state approves and regulates. 1 a specified income payable at stated intervals for a fixed or a contingent period often for the recipients life in consideration of a stipulated premium paid either in prior installment payments or in a single payment. They are mainly used for.

A fixed sum payable at specified intervals esp annually over a period such as the recipients life or in perpetuity in return for a premium paid either in instalments or in a single payment. People who have serious health problems should be offered a higher rate than someone whos likely to live for many years. The grant of or the right to receive an annuity his will included annuities for.

By contrast a variable annuity pays. A life annuity is an insurance product typically sold or. Annuities defined annuity 1 noun plural.

An amount payable at regular intervals as yearly or quarterly for a certain or uncertain period. Legal Definition of annuity. An annuity is defined as the liquidation of a principal sum to be distributed on a periodic payment basis to commence at a specific time and to continue throughout a specified.

The right to receive or the duty to pay such a sum. An annuity is an insurance product that allows you to swap your pension savings for a guaranteed regular income that will last for the rest of your life. Before investing in one its important to understand their pros and cons.