Guaranteed Annuity Rate,
What is The Definition of Guaranteed Annuity Rate?
Guaranteed Annuity Rate means, Some pension policies offer fixed rates so that pension funds can be converted into pension income and not change with the changing conditions of investment. They can be very valuable and usually offer higher profits than the ones purchased through open market options.
You can define Guaranteed Annuity Rate as, Guaranteed annual rates ensure that the annual rates we offer are always at a minimum. If your retirement includes a guaranteed annual rate, it means you can earn more than usual, especially if the annual rate is lower.
Literal Meanings of Guaranteed Annuity Rate
Meanings of Guaranteed:
For this reason, it is guaranteed with government insurance.
Meanings of Annuity:
Usually for a lifetime, someone is paid a certain amount every year.
Sentences of Annuity
You voluntarily give up your 1000 pension
Synonyms of Annuity
consideration, expenses, pocket money, stipend, benefit, pension, sum of money, handout, upkeep, subsidy, payment, annuity, subsistence, financial support, maintenance, contribution, keep, grant, remittance
Meanings of Rate:
A quantity, quantity, or frequency that is usually measured in relation to another quantity or measure.
Pay a fixed price or charge something for something, especially good or service.
Synonyms of Rate
assess, think to be, cost, figure, price, put a value on, charge, outlay, appraise, measure, gauge, hold to be, estimate, reckon to be, weigh up, deem to be, evaluate, compute, hire, find to be