Annuity Policy Definition

An annuity is an investment or insurance policy that pays someone a fixed sum of money.

Annuity policy definition. Bedeutung Aussprache Übersetzungen und Beispiele. An annuity is an investment or insurance policy that pays someone a fixed sum of money each year. An annuity is a periodical level payment made in exchange for the purchase money for the remainder of the lifetime of a person or for a specified period.

Count on your fixed annuity for a dependable income stream to help you handle some of the basic costs of living. The insurance company designs the arrangement so that the funds grow over time. The time period of funding the annuity is the accumulation phase.

Annuity - Definition Meaning. An annuity is a type of policy issued by an insurance company to promise you an income that can last you a lifetime. A qualified annuity is purchased with pre-tax dollars such as funds from an IRA or a 401 k.

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 income as an annuity after retirement. An annuity is a contract with an insurance company. Non-qualified annuity premiums are not.

Even after you stop working bills will still come in. An annuity is a contract that an insurer issues. Fixed annuities make payments based on a set interest rate.

Annuity Policy meaning and definition of Annuity policy in Insurance Life Insurance Meaning of life insurance features of life insurance Benefits of life i. 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. People who have serious health problems should be offered a higher rate than someone whos likely to live for many years.