Annuity

Business / Finance / Annuity: A regular periodic payment made by an insurance company to a policyholder for a specified period of time.

Annuity Principal

Business / Taxes / Annuity Principal: The annuity principal is the sum of money you use to buy an annuity and the base on which annuity earnings accumulate. If you’re buying a deferred annuity, you may make a one-time — or single prem MORE

Indexed Annuity

Business / Taxes / Indexed Annuity: An indexed annuity is a deferred annuity whose return is tied to the performance of a particular equity market index. Your investment principal is usually protected against severe market downturns, in MORE

Immediate Annuity

Business / Taxes / Immediate Annuity: You buy an immediate annuity contract with a lump-sum purchase. You begin receiving income from the annuity either right away or within 13 months. A fixed immediate annuity guarantees the amount of in MORE

Annuity Due

Business / Finance / Annuity Due: An annuity with n payments, where the first payment is made at time t = 0, and the last payment is made at time t = n - 1. MORE

Variable Annuity

Business / Taxes / Variable Annuity: A variable annuity is an insurance company product designed to allow you to accumulate retirement savings. When you purchase a variable annuity, either with a lump sum or over time, you allocate the p 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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