Refund Annuity

Refund annuity in American English.

Refund annuity. Cash refund annuity also known as cash back cashable lump sum refund annuity cash refund guarantee or Principal Protection provides another solution for retirement income planning that is flexible and allows access to funds. Lifetime with Cash Refund Refund Annuity The annuitant will receive payments for the rest of their life until the day they die. Refund Annuity a form of periodic payment that provides for refund to a beneficiary in the event the annuitant dies before the total compensation has been paid.

An installment refund annuity is a type of annuity that comes with a provision that indicates that if the annuitant does not get payment equivalent to the price paid on the contribution the beneficiary receives the difference in monthly installments. An annuity providing for a lump-sum payment or installment payments to the beneficiary for the amount remaining of the. What Is a Refund Life Annuity.

Refund annuity - WordReference English dictionary questions discussion and forums. The cash refund guarantee option provides a lump sum payment to a beneficiary equal to the difference between. This way if the person annuitant dies before the original lump-sum is paid.

Refund Annuity An annuity that makes fixed payments to the annuitant throughout hisher life but more importantly guarantees the return of the original amount paid into the annuity. An annuity that will make payments after the death of the annuitant to a designated beneficiary either as a lump-sum or in installments until the total amount paid equals the total premiums paid for the annuity. A fixed-period or period-certain annuity guarantees payments to the annuitant for a set length of time.

A refund annuity payable in cash to a beneficiary upon the annuitants death. Refund annuity is an annuity plan that makes stable payments to the insurer throughout hisher life but more prominently assures the return of original amount paid to the annuity. A cash refund annuity returns to a beneficiary any sum left over should the person who purchased the annuitycalled the annuitant die before breaking even on what they paid in premiums.

This provision is included as a rider on a life annuity. Sometimes called a Cash Annuity Lifetime with Installment Refund. Refund annuity definition an annuity providing for a lump-sum payment or installment payments to the beneficiary for the amount remaining of the purchase price at the death of the annuitant.