Annuity contract

Annuity contract,

Definition of Annuity contract:

  1. An annuity contract is a written agreement between an insurance company and a customer outlining each party's obligations in an annuity agreement. Such a document will include the specific details of the contract, such as the structure of the annuity (variable or fixed); any penalties for early withdrawal; spousal and beneficiary provisions, such as a survivor clause and rate of spousal coverage; and more.

  2. An annuity contract is a contractual obligation between as many as four parties. They are the issuer (usually an insurance company), the owner of the annuity, the annuitant, and the beneficiary. The owner is the person who buys an annuity. An annuitant is an individual whose life is used as the yardstick for determining when benefits payments will start and cease.

  3. Agreement that defines the type and terms of an annuity plan. It generally specifies the amount and number of payments, states the payback starting date, and names the annuitant and the beneficiary.

How to use Annuity contract in a sentence?

  1. Annuities are often complicated financial vehicles.
  2. An annuity contract can encompass up to four people--issuer (usually an insurance company), the owner of the annuity, the annuitant, and the beneficiary.
  3. Annuities are often complicated financial vehicles. .
  4. A beneficiary can inherit an annuity contract upon the annuitant's death. .
  5. Often the owner and annuitant can be the same person.

Meaning of Annuity contract & Annuity contract Definition

ANNUITY CONTRACT,

ANNUITY CONTRACT:

  1. ANNUITY CONTRACT refers to A written agreement between the insurance company and the consumer stating the obligations of each party to the annual insurance contract. This document includes details of the agreement, such as: B pension structure (variable or fixed), early termination penalties, marriage rules, such as surviving clauses and spouse protection levels, and more.

  2. ANNUITY CONTRACT can be defined as, Agreements like insurance policies for other insurance products, such as auto insurance.

Literal Meanings of ANNUITY CONTRACT

ANNUITY:

Meanings of ANNUITY:
  1. Usually for a lifetime, someone is paid a certain amount every year.

  2. Insurance or a form of investment that entitles the investor to a different amount of money annually.

Sentences of ANNUITY
  1. Until 1999, the only option for retirees was an annual, a fixed annual for life.

  2. Earlier, investors were forced to put their money into annual sums if they wanted to reinvest most of their savings.

  3. Equivalent persons would like to offer pre-initial suggestions for buying an expensive pension guarantee first. Companies that can no longer pay.

  4. If they want to save, they can do so and decide to spend money or buy annually before retirement.

  5. Generally, the default annual payment fee is around 30%.

  6. Upon retirement, savers can choose a fixed or variable pension.

  7. When you take your capital out of taxes, you usually need to make an annual purchase with the rest of the funds.

  8. A reasonable tax pension can be a fixed rate or a variable product with sub-accounts.

Synonyms of ANNUITY

handout, pocket money, keep, subsistence, grant, expenses, pension, maintenance, financial support, sum of money, stipend, remittance, consideration, annuity, benefit, upkeep, contribution, subsidy

ANNUITY CONTRACT,

What is The Definition of ANNUITY CONTRACT?

ANNUITY CONTRACT definition is: A written agreement between the insurer and the customer stating the responsibilities of each part of the annual agreement. This document includes details of the agreement such as pension structure (variable or fixed), early payment penalty, spousal clauses such as survivor clauses and spouse coverage rates.

Other insurance agreements such as insurance for car insurance.

Literal Meanings of ANNUITY CONTRACT

ANNUITY:

Meanings of ANNUITY:
  1. A certain amount is paid to someone every year, usually for life.

Sentences of ANNUITY
  1. Excluding a £ 1000 pension of your choice.

CONTRACT:

Meanings of CONTRACT:
  1. A written or oral agreement, specifically a lease, sale or lease agreement, the purpose of which is legal force.

  2. Decrease in size, number or scope.

  3. Sign a formal and legally binding agreement.

  4. Catching or preparing (disease or infectious agent).

Sentences of CONTRACT
  1. What is the contract with the club now?

  2. The glass shrinks when it cools.

  3. Three people are infected with the deadly virus.

Synonyms of CONTRACT

take sick with, decrease, undertaking, become infected with, engage, commit oneself, reduce, bargain, come down with, agree, entente, negotiate a deal, fall ill with, pledge, convention, settlement, concordat, undertake, take ill with, engagement, incur, acquire, dwindle, get smaller, succumb to, diminish, account

ANNUITY CONTRACT,

ANNUITY CONTRACT Definition:

  1. You can define ANNUITY CONTRACT as, A written agreement between the insurer and the consumer stating the responsibilities of each part of the annual agreement. This document includes contract details such as pension structure (variable or fixed), early payment penalties, spouse conditions such as surviving clauses and spouse coverage rates.

  2. Other insurance contracts, such as insurance for car insurance.

Literal Meanings of ANNUITY CONTRACT

ANNUITY:

Meanings of ANNUITY:
  1. The amount of money paid to someone each year, usually for life.

Sentences of ANNUITY
  1. You are leaving a £ 1000 pension in your will.

CONTRACT:

Meanings of CONTRACT:
  1. Written or oral agreement, specifically a lease, sale or lease agreement, intended to be legally binding.

Sentences of CONTRACT
  1. Have just signed a contract with the club.

Synonyms of CONTRACT

catch, shrivel, covenant, go down with, indenture, promise, agreement, be taken ill with, pick up, pact, run up, understanding, compact, treaty, become liable to pay, be struck down with, fall into, arrangement, enter into an agreement, commitment