Meaning Annuity unit
What does Annuity unit mean? Here you find 2 meanings of the word Annuity unit. You can also add a definition of Annuity unit yourself
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Annuity unitAnnuity units are the shares you own in variable annuity subaccounts, also called annuity funds or separate account funds, during the period you're receiving income from the annuity. The number of your annuity units is fixed at the time that you buy the income annuity contract, or when you annuitize your deferred variable annuity.While the [..]
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Annuity unitDefinition An accounting measure upon which the size of periodic annuity payouts is based.
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