See also: Pension A life annuity is an annuity, or series of payments at fixed intervals... Variable annuities have been criticized for their high commissions, contingent deferred sale...
Synonyms of annuity ; 1 : a sum of money payable yearly or at other regular intervals ; 2 : the right to receive an annuity ; 3 : a contract or agreement providing for the payment of an annuity
Explaining Common Forms of Annuity · Life Annuity · Periodic payments are made for the Annuitant's lifetime. Upon the Annuitant's death, all payments cease. Life Annuity with Cash Refund or Installment Refund · Periodic payments are made for the Annuitant's lifetime and there is a guaranteed minimum total payment amount. Upon the Annuitant's death, the total amount of all benefit payments made over their lifetime is subtracted from the guaranteed minimum total payment amount. Any remaining...
Annuities paid only under certain circumstances are contingent annuities. A common example is a life annuity, which is paid over the remaining lifetime of the annuitant. Certain and life...
ANNUITY AND LIFE RE (HOLDINGS), LTD. AND SUBSIDIARY CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR’S REPORT DECEMBER 31, 2023 ANNUITY AND LIFE RE (HOLDINGS), LTD. AND...
RCLA (version 18 July 2008) Page 1 of 18 A Different Perspective on Retirement Income Sustainability: The Blueprint for a Ruin Contingent Life Annuity (RCLA) By 1 : H. Huang, M. A. Milevsky...
Considering the substantial systematic longevity risk threatening annuity providers’... period could also be subject to revision, providing longevity-contingent deferred life annuities.
for life annuities are symmetrical. It is optimal to buy life-contingent insurance throughout life, even under loads. A life annuity phase backs directly onto a life insurance phase. We...
The payments may continue for a fixed period or for a contingent period, such as for the... straight life annuity, tax-sheltered annuity, variable annuity. Wall Street Words: An A to Z...
an•nu•i•ty ; 1. a specified income payable at stated intervals for a fixed or contingent period, often for the recipient's life, as in consideration of a premium paid. ; 2. the right to receive such an income. ; 3. the duty to make such a payment or payments.