Annuitant

Business / Finance / Annuitant: An individual who receives benefits from an annuity.

Income Annuity

Business / Taxes / Income Annuity: An income annuity, sometimes called an immediate annuity, pays an annual income, usually in monthly installments. Your income is based on the annuity's price, your age (and your joint annuitant's age MORE

Annuitization

Business / Taxes / Annuitization: Annuitization means that you convert part or all of the money in a qualified retirement plan or nonqualified annuity contract into a stream of regular income payments, either for your lifetime or the MORE

Fixed Annuity

Business / Taxes / Fixed Annuity: A fixed annuity is a contract that allows you to accumulate earnings at a fixed rate during a build-up period. You pay the required premium, either in a lump sum or in installments. The insurance comp MORE

Annuitize

Business / Finance / Annuitize: To commence a series of payments from the capital that has accumulated in an annuity. The payments may be a fixed amount, for a fixed period of time, or for a lifetime. MORE

Annuity

Business / Accounting / Annuity: A series of equal amounts to be received or paid at the end of equal time intervals. MORE

Life Annuity

Business / Finance / Life Annuity: An annuity that pays a fixed amount for the lifetime of the annuitant. MORE

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