(1) a payment of funds, often at a minimum guaranteed amount, made yearly, monthly or at other regular intervals (2) a type of policy offered by insurance companies in which the policy holder makes payments for a fixed period or until a stated age, and then receives annuity payments from the insurance company [OTS] A regular periodic payment made by an insurance company to a policyholder for a specified period of time [Harvey] Investment that produces a level stream of cash flows for a limited number of periods [WCSU]
income from capital investment paid in a series of regular payments; "his retirement fund was set up to be paid as an annuity"
(1) A contract that provides an income for a specified period of time such as a number of years or for life (2) The periodic payments provided under an annuity contract (3) The specified monthly or annual payment to a pensioner Often used synonymously with pension
A regular periodic payment made by an insurance company to a policyholder for a specified period of time
A contract that provides for periodic payments starting after a stated period or on a contingent date and continuing for a fixed period, or for the remaining life of the annuitant
An amount paid at regular intervals for a set period of time Your mortgage payments are a form of annuity paid to the lender
A contract by which an insurance company agrees to make regular payments to someone for life or for a fixed period in exchange for a lump sum or periodic deposits
A sum of money which is payable regularly You can pay a lump sum to an insurance company to buy an annuity The insurance company pays you an income, usually for the rest of your life The amount of income is fixed at the outset You cannot usually get your lump sum back Pensions from retirement annuity contracts and personal pension plans are usually paid as annuities
A life insurance company contract that provides a series of periodic payments for a specified period or lifetime
A contract that provides an income for a specified period of time or for life (or joint lives) The specified monthly or annual payment to a pensioner Often used synonymously with pension
A tax-deferred investment product sold by insurers, banks, brokerage firms and mutual fund companies Fixed annuities provide a rate of return that is fixed for a year or so but then can move up and down Variable annuities allow investors to allocate their money among a basket of mutual fund-like subaccounts; the return depends on the performance of the funds selected Watch out for high sales commissions, expense ratios and penalties for early withdrawals See "Does Anyone Really Need Annuities?" for more information BACK TO TOP
A series of payments over a period of time The payments are usually in equal amounts and usually at regular intervals such as quarterly, semi-annually, or annually
a life insurance company contract that pays a periodic income benefit for a specific period or lifetime
A contract by which an insurance company agrees to make regular payments to someone for life or for a fixed period See Fixed Annuity and Variable Annuity
A form of periodic payment Made to the recipient at consistent periodic intervals either for life or for a fixed period of time
An amount paid yearly or at other regular intervals, often on a guaranteed dollar basis
A fixed sum payable to a person at specified intervals for a specific period of time or for life Payments represent a partial return of capital and a return on the capital investment Therefore, an exclusion ratio must generally be used to compute the taxable and nontaxable amounts
A tax-deferred contract that can provide an income for a specified time period, such as a number of years or for life There are two types of annuities: deferred annuities, which allow you to grow your assets tax deferred and convert your account balance to income payments at a later date, and immediate annuities, which generally allow you to receive income payments right away