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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
Definition of Straight life in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Straight life? Meaning of Straight life as a finance term. What does Straight l...
Define straight life insurance. straight life insurance synonyms, straight life insurance pronunciation, straight life insurance translation, English dictionary definition of straight life insuranc...
Most industries have the same problem: the business was built upon a collection of non-digital processes, and it's too disruptive to digitize. Insurance is no exception. While many carriers have an online agent or policyholder portal, the actual functionality of these applications falls short. The feature-set is too limited to become part of a distributors' critical workflow. Online interactions wind up in a ticket queue or email inbox for an administrator to manually process - just like a fax! ...
What is straight life insurance? New York Life explains how this bygone term for whole life insurance is a policy option with premiums that don't increase.
Key Takeaways A straight life annuity pays until the annuitant’s death; it can’t be left to a beneficiary, and the company selling it keeps whatever money may be left over. A joint life...
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See also annuity certain, contingent annuity, deferred annuity, fixed annuity, joint and survivor annuity, refund annuity, straight life annuity, tax-sheltered annuity, variable annuity....
Annuity ; A right to receive periodic payments, usually fixed in size, for life or a term of years that is created by a contract or other legal document. The most common form of an annuity is akin to a savings account. The annuitant, the person who creates an annuity for his or her own benefit, deposits a sum of money, the principal, with an individual, business, or insurance company to be invested so that the principal will earn income at a certain percentage, usually specified by the terms of ...