Annuity Definitions

Annuity - Definition Meaning An annuity is a contract between the policyholder and the insurance company wherein the policyholder needs to make either lump-sum payment or pay in installments to receive regular.

Annuity definitions. 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. There are many ways in which we can define the annuity formula and it depends what we want to calculate. The grant of or the right to receive an annuity his will included.

You can purchase an annuity with a portion of your retirement savings in either a single payment or with multiple payments depending on the type of annuity. In its simplest terms an annuity is a contract between an individual or married couple and a life insurance company. Fixed annuities make payments based on a set interest rate.

Structure Provided by pension fund or Definitions of pension fund retirement annuity refer to rules of the fund providing for commutation. A contract in which an insurance company agrees to pay an income for life or for a specified number of years. An annuity is a contract with an insurance company.

An annuity is simply a series of future cash payments that occur at a regular interval. Annuities are a type of contract that allows one party the annuitant to make regular deposits or premiums and the other party the company selling the annuity agrees to pay back those depositors or paid-in customers with an agreed. The payments can be different amounts but must occur regularly - usually monthly quarterly or annually.

An amount payable at regular intervals as yearly or quarterly for a certain or uncertain period. 6months after death of a. You invest a lump sum that is returned with interest in periodic payments.

An annuity is a financial product that pays out a fixed stream of payments to an individual primarily used as an income stream for retirees. Revenue as annuities subject to certain parameters 520. Beneficiary- The person named to receive the death benefits of an annuity contract or a life insurance policy.