Meaning Annuity
What does Annuity mean? Here you find 150 meanings of the word Annuity. You can also add a definition of Annuity yourself

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Annuity


A payment at regular intervals of a certain sum of money for a term of years or during the life of an individual.
Source: empoweredfinance.com.au

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Annuity


n. 1) an annual sum paid from a policy or gift. 2) short for a pu...
Source: dictionary.law.com

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Annuity


A regular periodic payment made by an insurance company to a policyholder for a specified period of time.
Source: nasdaq.com

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Annuity


A form of a contract sold by life insurance companies that guarantees a series of fixed or variable payments to the holder, the annuitant, at some future time, usually retirement. The annuity is in ex [..]
Source: morningstar.com

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Annuity


Often used to provide a pension. An annuity is a fixed regular payment payed over a number of years to a person during their lifetime.
Source: businessballs.com

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Annuity


Rente
Source: stats.oecd.org

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A finite set of level sequential cash flows.
Source: cfainstitute.org (offline)

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Annuity


A contract in which the buyer deposits money with a life insurance company for investment. The contract provides for specific payments to be made at regular intervals for a fixed period or for life.
Source: tdi.texas.gov (offline)

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Annuity


An agreement by an insurer to make periodic payments that continue during the survival of the annuitant(s) or for a specified period.
Source: ambest.com

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Annuity


A stream of periodic payments made over a specified period.
Source: irmi.com

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Annuity


early 15c., "a yearly allowance, grant payable in annual installments," from Anglo-French and Old French annuité (14c.) or directly from Medieval Latin annuitatem (nominative annuitas), from [..]
Source: etymonline.com

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Annuity


An amount paid yearly or at regular intervals, often on a guaranteed dollar basis.
Source: realestate.co.nz (offline)

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Annuity


A contract that provides for a stipulated sum payable at certain regular intervals during the lifetime of one or more persons, or payable for a specified period in exchange for a specified premium. Th [..]
Source: farmers.com

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A type of insurance vehicle issued by an insurance company where contributions and earnings are tax-deferred. There are several types of annuities: fixed, variable, immediate, deferred, indexed and equity linked. As an annuity owner, you have control over how long the annuity is invested, when you receive benefits and how often you are paid.
Source: allstate.com (offline)

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Annuity


A financial product consisting of a fund into which an individual makes regular payments, which are invested to achieve a return and which pays out regular sums to the individual at a later date. Annuities are mainly used to provide an individual with an income during retirement.
Source: glossary.reuters.com (offline)

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Annuity


Originally, an annuity simply meant an annual payment. That’s why the retirement income you receive from a defined benefit plan each year, usually in monthly installments, is called a pension annuity. But an annuity is also an insurance company product that’s designed to allow you to accumulate tax-deferred assets that can be converted to a source [..]
Source: finance.yahoo.com (offline)

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Annuity


The receipt of payments at regular intervals from a established fund. Annuities are commonly used for insurance and retirement programs. It works in this way: A fund, which can be established either t [..]
Source: glossary.econguru.com

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Annuity


A purchased policy that pays a fixed amount of benefits every year -- although most annuities actually pay monthly -- for the life of the person who is entitled to those benefits. In a simple life ann [..]
Source: nolo.com

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A contract with an insurance company that guarantees current or future payments in exchange for a premium or series of premiums. The interest earned on an annuity contract is not taxable until the funds are paid out or withdrawn. Withdrawals and income payments are taxed as ordinary income. If a withdrawal is made prior to age 59½, penalties may ap [..]
Source: sungardeninvestment.com (offline)

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Annuity


A sum of money paid at regular intervals, often annually.
Source: golfandhome.co (offline)

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Annuity


n. An annual allowance, payment, or income.
Source: easypacelearning.com

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Annuity


A contract that provides for a stream of periodic income for a term dependent upon human life.
Source: insuranceinfo.com.my

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Annuity


A contract sold by a life insurance company that provides fixed or variable payments to an annuitant, either immediately or at a future date.
Source: squaremouth.com

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  A contract issued by a life insurance company designed to accumulate and/or distribute cash during the lifetime of the annuitant, but does not provide death benefits over the value of the underlying fund balance.
Source: lifeinsuranceinsights.com (offline)

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Annuity


A series of equal amounts at equal time intervals. Also see annuity due, annuity in advance, annuity in arrears, and ordinary annuity.
Source: accountingcoach.com

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Annuity


An annuity is a contract between you and an insurance company, under which you make a lump-sum payment or series of payments. In return, the insurer agrees to make periodic payments to you beginning...
Source: investor.gov (offline)

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Definitions (2) 1. A contract sold by an insurance company designed to provide payments to the holder at specified intervals, usually after retirement. The holder is taxed only when they start taking [..]
Source: investorwords.com

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Annuity


A level stream of equal dollar payments that lasts for a fixed time. An example of an annuity is the coupon part of a bond with level annual payments.
Source: eximguru.com

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Annuity


A series of payments, which may be subject to increases, made at stated intervals until the end of the agreed period or the life of the annuitant. This is often achieved by means of an insurance polic [..]
Source: thepensionsregulator.gov.uk

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Annuity


is a financial term that refers to a series of equal payments that are usually made at regular intervals for a set amount of years or for the person's lifetime. In a broad sense lots of payments [..]
Source: financialdictionary.net

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pl: -ities [Medieval Latin annuitas, from Latin annuus yearly] 1 : an amount payable at regular intervals (as yearly or quarterly) for a certain or uncertain period 2 : the grant of or the right to .. [..]
Source: dictionary.findlaw.com

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Annuity


A payment at regular intervals of a certain sum of money for a term of years or during the life of an individual.
Source: anz.com

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Annuity


An annual payment, such as from a retirement plan.
Source: efile.com

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Annuity


Series of payments, usually payable at specified time intervals.
Source: nysscpa.org

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A contract that provides for a fixed or variable periodic payment to a person (the annuitant), made from a stated or contingent date and continued for a specified period, such as for a number of years or for life. An annuity may be bought by means of installments, or it may be bought by means of a single lump sum payment.
Source: conning.com (offline)

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Annuity


a contract providing income for a specified period of time, or duration of life for a person or persons.
Source: naic.org

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Annuity


A type of investment contract that pays you income at regular intervals, usually after retirement.
Source: fcac-acfc.gc.ca (offline)

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Annuity


An annual cash payment, granted for life or a term of years as stipulated in a contract between a lord and a retainer.    (Waugh, Scott. England in the Reign of Edward III, 237)
Source: netserf.org

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Annuity


Any investment product that pays on a scheduled basis over a set amount of time. In particular, a retirement investment that offers tax deferral
Source: moneychimp.com

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A series of payments, possibly subject to increases, made at specified intervals until a particular event occurs. Most commonly an annuity will cease after a specified period or upon the [..]
Source: apt-finance.com

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Annuity


A series of payments of an equal amount at fixed intervals for a specified number of periods.
Source: swlearning.com

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Annuity


An annuity is a product that can provide you with a lifetime income, typically on retirement…
Source: moneyweek.com

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Annuity


yearly payment.
Source: brt.uoregon.edu (offline)

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Annuity


  When the sum of principal and interest is equal for each period.
Source: people.hbs.edu

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Annuity


An annuity is an investment in which the investor pays a specified sum in exchange for a series of regular periodic, usually monthly payments in return. Immediate annuities begin at the start of the i [..]
Source: smartmoneysmartliving.com

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Annuity


A long-term contract sold by life insurance companies that guarantees payments, fixed or variable, to the purchaser in regular intervals through annuitization. During the accumulation phase, fixed ann [..]
Source: mosaicwealthconsulting.com

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Annuity


Total amount based on the annual repayment rate and the annual interest. A distinction must be made between invariable annuity (the annual repayment rate increases because the annual interest on the r [..]
Source: alphera.co.nz

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Annuity


Periodic payment made regularly over a given time period by insurance companies to their policyholders.
Source: pfhub.com

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Annuity


A form of life insurance which operates to provide retirement income. The person who takes out the annuity pays the life office a lump sum and in return receives a series of payments.
Source: sydneyfinancialplanning.com.au (offline)

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Annuity


An investment, purchased with a lump sum that guarantees to pay a set income plus an interest amount for either an agreed number of years, or for life. Generally, your money is locked away for a fixed [..]
Source: lifespanfp.com.au

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Annuity


Sum of annual interest and redemption payments on a loan. Level debt service means that redemption is carried out by equal periodic payments of interest and capital over the term of the loan, while the redemption share increases annually in the amount of the interest saved.
Source: finance.siemens.com (offline)

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Annuity


A contract or agreement whereby money is set aside for a specified period of time, at the end of which you begin receiving payments at regular intervals
Source: lifesmarts.org

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Annuity


A series of fixed payments of the same amount paid at regular intervals (i.e., every week, month or pay period) over a specified period of time.
Source: stlouisfed.org

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Annuity


is a financial contract written by an insurance company that provides for a series of guaranteed payments, either for a specific period of time or for the lifetime of one or more individuals.
Source: investinganswers.com

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Annuity


An annuity is a life insurance company contract that pays periodic income benefits for a specific period of time or over the course of the annuitants lifetime. These payments can be made annually, qua [..]
Source: definitions.uslegal.com

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Annuity


(rente viagère). The payment of a regular pension or similar benefit for a contracted number of years, or for the lifetime of the beneficiary, paid out from an invested lump sum of capital.
Source: collectionscanada.gc.ca

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Annuity


A long-term contract sold by life insurance companies that guarantees payments, fixed or variable, to the purchaser in regular intervals through annuitization. During the accumulation phase, fixed annuities offer consistent, predictable returns; whereas, variable annuities provide fluctuating returns based on the performance of an investment portfo [..]
Source: debbiecharpentier.com (offline)

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Annuity


At retirement – but before you reach age 75 – you have to buy an annuity with your pension fund. It’s a payment that’s usually paid monthly, which you’ll receive as a guaranteed regular income during [..]
Source: unbiased.co.uk

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Annuity


A long-term contract sold by life insurance companies that guarantees payments, fixed or variable, to the purchaser in regular intervals through annuitization. During the accumulation phase, fixed ann [..]
Source: saulsimon.com

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Annuity


(n) income from capital investment paid in a series of regular payments
Source: beedictionary.com

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An insurance-based contract that provides future payments at regular intervals in exchange for current premiums. Annuity contracts are usually purchased from banks, credit unions, brokerage firms, or [..]
Source: ovig.us

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Annuity


A stream of annual cash flows for a specified period of time. Opposite: Perpetuity.
Source: legacy.intracen.org

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Annuity


A sum of money paid at regular intervals, often annually.
Source: nauticalwavesrealty.com

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A long-term contract sold by life insurance companies that guarantees fixed or variable payments to the purchaser at regular intervals. Payments are usually scheduled to begin at a future time, such a [..]
Source: fountaincpa.com

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Annuity


A contract with an insurance company that guarantees current or future payments in exchange for a premium or series of premiums. The interest earned on an annuity contract is not taxable until the fun [..]
Source: snbinvest.com

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Annuity


An insurance-based contract that provides future payments at regular intervals in exchange for current premiums. Annuity contracts are usually purchased from banks, credit unions, brokerage firms, or [..]
Source: securityfirst.net

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Annuity


Repayment of debt where the sum of principal and interest is equal for each period; also a term used in India for availability payments.
Source: pppknowledgelab.org

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Annuity


n. renta vitalicia, anualidad
Source: trelliscompany.org

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Annuity


  A series of equal payments made at regular intervals, with interest compounded at a specified rate.
Source: murray.senate.gov (offline)

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Annuity


An investment, purchased with a lump sum that guarantees to pay a set income for either an agreed number of years, or for life. Generally, your money is locked away for a fixed period or for life, tho [..]
Source: moneysmart.gov.au

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Annuity


A life insurance product which pays income over the course of a set period. Deferred annuities allow assets to grow before the income is received and immediate annuities (usually taken from a year aft [..]
Source: banking-guide.org.uk

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Annuity


A contract in which you pay premiums for a set period of time or until the annuity "matures", i.e., gains cash value, when you may then take distributions from the value either over a set length of time or until you pass on. Back to top B Beneficiary - In a life insurance policy, the person or entity named to receive the death benefit. Ba [..]
Source: us.hsbc.com (offline)

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Annuity


A contract that provides an income for a specified period of time, such as a number of years or for life. Click here to shop for an Annuity at einsure.com!
Source: einsurance.com

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Annuity


A life insurance product that pays periodic income benefits for a specific period of time or over the course of the annuitantís lifetime. There are two basic types of annuities: deferred and immediate [..]
Source: insurancejobs.com

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Annuity


Usually a fixed sum of money or benefit paid to a person in monthly, quarterly, yearly or similar, recurrent instalments.
Source: sars.gov.za

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Annuity


A contract that provides for a stream of periodic income for a term dependent upon human life
Source: tokiomarine.com

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Annuity


A contract under which an insurance company promises to make a series of periodic income payments to a named person in exchange for a premium or a series of premiums.
Source: maritimefinancial.com (offline)

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A contract that provides an income for a specified period of time, such as a number of years or for life.
Source: cooperators.ca

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Annuity


An investment contract providing the investor with a fixed payment at regular periods, usually monthly. Each payment comprises of a portion of capital and earned interest.
Source: cooperators.ca

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Annuity


A contract that provides a periodic income at regular intervals, usually for life.
Source: dfs.ny.gov (offline)

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Annuity


This is a series of income payments made to a customer at regular intervals by an insurance company in return for a premium or premiums the customer paid. There are many types of annuities which offer various benefits.
Source: insurance.wa.gov (offline)

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Annuity


An agreement by an insurer to make periodic payments that continue during the survival of the annuitant(s) or for a specified period.
Source: clements.com (offline)

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Annuity


A financial product that allows a person to save for your future on a tax-deferred basis and then allows the person to choose a payout option that best meets need for income when the person retires.  Payment option include a lump sum, online income for life, or income for a certain period of time.
Source: nalc.net (offline)

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Annuity


Pays a regular income for the rest of your life. Usually you pay a lump sum which is invested by the insurance company in return for the monthly payouts.
Source: lia.org.sg (offline)

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Annuity


A contract that pays a fixed sum of money at regular intervals, usually for life.
Source: smartasset.com

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Annuity


A fixed sum of money paid at each stated interval, usually for the recipient’s life.
Source: bsmg.net (offline)

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Annuity


A contract in which an individual gives an insurance company money that is later distributed back to the person over time. Annuity contracts traditionally provide a guaranteed distribution of income over time, until the death of the person or persons named in the contract or until a final date, whichever comes first.
Source: longtermcare.gov (offline)

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Annuity


A contract sold by an insurance company designed to provide payments to the holder at specified intervals, usually after retirement.
Source: aisinsurance.com.au

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Annuity


A contract that provides an income for life or a specified number of years, or a combination of the two.
Source: greatamericaninsurancegroup.com

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Annuity


A contract that provides income payments at regular intervals, usually for a specified period or for the lifetime of the annuitant.
Source: insurancehelp.ca

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Annuity


A contract sold by a life insurance company that provides fixed or variable payments to an annuitant, either immediately or at a future date.
Source: quickquote.com (offline)

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Annuity


A life insurance product that pays periodic income benefits for a specific period of time or over the course of the annuitant's lifetime. There are two basic types of annuities: deferred and i [..]
Source: donegalgroup.com

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A series of regular periodic payments comprising principal and interest. An annuity is a contract providing for a series of payments. In the case of retirement, an annuity is usually purchased from an [..]
Source: fiscalagents.com

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Annuity


An annuity is an investment contract between you and an insurance company. An annuity has two distinct phases. The first phase (accumulation phase) is when your investment is building on a tax-deferred basis. The second phase (payout phase) is when periodic payments are being sent back to you. During the accumulation phase the investment may be in [..]
Source: fundsus.deutscheam.com (offline)

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Annuity


A contract by which an insurance company promises to make periodic payments to the annuitant, based on the assets in the annuity. An immediate annuity commences payments immediately upon establishment [..]
Source: firstcommand.com

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Annuity


A life insurance product that pays periodic income benefits for a specific period of time or over the course of the annuitant’s lifetime. There are two basic types of annuities: deferred and immediate [..]
Source: iii.org

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Annuity


A life insurance product that pays periodic income benefits for a specific period of time or over the course of the annuitant's lifetime. There are two basic types of annuities: deferred and i [..]
Source: michiganinsurance.com

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(1) An amount of money payable yearly, or by extension, at other regular intervals. (2) An agreement by an insurer to make periodic payments that continue during the lifetime of the annuitant(s) or fo [..]
Source: calstate.edu

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A contract with an insurance company that guarantees current or future payments in exchange for a premium or series of premiums. The interest earned on an annuity contract is not taxable until the fun [..]
Source: navigationfinancial.com

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Annuity


A type of insurance that pays out an income in retirement in return for a lump sum of money.
Source: citywire.co.uk (offline)

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Annuity


Another word for "pension". An annuity is a regular payment from an insurance company designed to give the policyholder an income for life after retirement. It is paid for by a lump sum save [..]
Source: aviva.com

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Annuity


An investment that offers guaranteed annual payments at some future date, usually in retirement. Such payments may be either fixed or variable, depending on the structure of the annuity. The investmen [..]
Source: invesco.com

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Annuity


A life insurance product that pays periodic income benefits for a specific period of time or over the course of the annuitant’s lifetime. There are two basic types of annuities: deferred and immediate [..]
Source: lutherantrust.com

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Annuity


A contract by which the insurer in consideration of a stipulated payment (either in a lump sum or in a certain number of fixed installments) agrees to pay the annuitant(s), beginning at the present or [..]
Source: oregonlaws.org

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Annuity


An annuity under which the amounts of the payments to be made are not specified in dollars but depend on the current market value of the securities in the annuity fund.
Source: oregonlaws.org

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Annuity


  A contract in which the buyer deposits money with a life insurance company for investment.  The contract provides for specific payments to be made at regular intervals for a fixed period or for life.
Source: assetinsurance.us (offline)

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Annuity


a regular income stream paid to an individual from a lump sum investment, usually for the purposes of retirement income.
Source: bt.com.au

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Annuity


A sum of money payable yearly.
Source: lawhandbook.sa.gov.au

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Annuity


An insurance-based contract that provides future payments at regular intervals in exchange for current premiums. Annuity contracts are usually purchased from banks, credit unions, brokerage firms, or [..]
Source: scassetadvisorsjanney.com

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Annuity


A contract with an insurance company that guarantees current or future payments in exchange for a premium or series of premiums. The interest earned on an annuity contract is not taxable until the funds are paid out or withdrawn. Withdrawals and income payments are taxed as ordinary income. If a withdrawal is made prior to age 59½, penalties may ap [..]
Source: assetgroup.us (offline)

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Annuity


A contract between an insurance company and an individual which generally guarantees lifetime income to the individual or whose life the contract is based in return for either a lump sum or periodic payment to the insurance company. Interest earned inside an annuity is income tax-deferred until it is paid out or withdrawn.
Source: mohlmanassetmanagement.com (offline)

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Annuity


Form of contract sold by life insurance companies that guarantees a fixed or variable payment to the annuitant at some future time, usually retirement.
Source: research.scottrade.com

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Annuity


A financial product that is designed to accept and grow funds from an individual and then, upon annuitisation, pay out a stream of payments to the individual at a later point in time.
Source: ing.com

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Annuity


n. 1) an annual sum paid from a policy or gift. 2) short for a purchased annuity policy which will pay dividends to the owner regularly for years or for life.
Source: advocatekhoj.com

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An investment product from a life insurance company, providing tax-deferred earnings but often charging substantial fees. The defining characteristic of all annuities is the option for a guaranteed di [..]
Source: kahlerfinancial.com

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Annuity


Contract under which a series of payments are promised in exchange for a single payment or series of payments.
Source: statefarm.com

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Annuity


A contract sold by an insurance company designed to provide payments to the holder at specified intervals, usually after retirement. Fixed annuities guarantee a certain payment amount, while variable [..]
Source: ubs.com

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Annuity


Series of payments, usually payable at specified time intervals.
Source: startheregoplaces.com

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Annuity


A contract with an insurance company designed to provide tax-deferred growth of earnings for long-term goals, such as retirement savings. Annuity holders are taxed when taking distributions or withdrawals from the contract. Withdrawals of taxable amounts are subject to income taxes, and if taken prior to age 59½, a 10% IRS penalty may apply. Withdr [..]
Source: wellsfargo.com (offline)

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Annuity


A fixed amount of cash to be received every year for a given period of time.
Source: bankingglossary.bankingonly.com (offline)

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Annuity


A life insurance product which pays income over the course of a set period. Deferred annuities allow assets to grow before the income is received and immediate annuities (usually taken from a year aft [..]
Source: bankersadda.com

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Annuity


A contract to make periodic payments in the future.
Source: townandcountrybank.com (offline)

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Annuity


A terminating stream of fixed payments over a specified period of time.
Source: barnesroffe.com (offline)

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Annuity


A series of equal money payments made or received at equal intervals over a designated period of time.
Source: ofm.wa.gov

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A life insurance contract sold by insurance companies, brokers, and other financial institutions. It is usually sold as a retirement investment. An annuity is a long-term investment and can have steep surrender charges and penalties for withdrawal before the annuity's maturity date. (Annuities are not FDIC insured.)
Source: uhcu.org (offline)

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Annuity


An annual sum payable to a former employee who has retired (USAID Automated Directives System - ADS - Chapter 494).
Source: developmentwork.net

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Annuity


an investment that pays a guaranteed regular income stream.
Source: fsi.gov.au

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A life insurance product that pays periodic income benefits for a specific period of time or over the course of the annuitant’s lifetime. There are two basic types of annuities: deferred and immediate [..]
Source: insuranceforarizona.com

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Annuity


A fixed sum of money which is paid yearly or at regular intervals.
Source: angusfoundation.org (offline)

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Annuity


Payment of a fixed sum of money to a specified person at regular intervals.
Source: fidelitylife.com

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Annuity


A financial contract that provides ongoing income, usually used for retirement.
Source: globalcapital.com.mt (offline)

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Annuity


A sum of money payable yearly or at other regular intervals.
Source: franklincollege.edu

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Annuity


Annual payment to keep patent or patent application alive in some countries. Unlike the US, most countries which have annuities require them to be paid both during the pendency of the patent applicati [..]
Source: bpmlegal.com

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Annuity


a contract sold by life insurance companies that guarantees a specified payment at some future time, usually retirement. 
Source: winninginvesting.com

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Annuity


A sum of money payable annually. Land Purchase Annuity - whereby virtually all farms were purchased by former tenant farmers from 1891 to 1936.
Source: finance-ni.gov.uk

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Annuity


A series of equal payments made at fixed intervals of time. Regular deposits to a savings account, monthly payments for insurance premiums, mortgages and pension payments are all examples of annuities.
Source: truewealthpublishing.asia (offline)

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Annuity


(1) Regular income received from an investment. (2) A life insurance contract that issues specific benefits (payments) at a later time, like retirement for example.
Source: shortsqueeze.com

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an insurance product that makes monthly payments for a specified period, or for life. An annuity may be suitable for those who have no pension or are concerned about outliving their money
Source: moneysense.ca

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Annuity


A right to receive amounts of money regularly over a certain fixed period, in perpetuity, or, especially, over the remaining life or lives of one or more beneficiaries.
Source: en.wiktionary.org

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An insurance-based contract that provides future payments at regular intervals in exchange for current premiums. Annuity contracts are usually purchased from banks, credit unions, brokerage firms, or insurance companies. Any guarantees are contingent on the claims-paying ability of the issuing company.
Source: bdlfc.com (offline)

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A token payment, made yearly by the Crown to individual members of an Indian band under the terms of certain TREATIES. Anuities (as distinct from once-for-all lump sum payments made when the treaty was signed) were paid under most of the pre-Confederation Upper Canadian Treaties from 1818 onward, and under all post-Confederation agreements except t [..]
Source: cbu.ca (offline)

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Annuity


An annual sum of money paid out.
Source: treaty6education.lskysd.ca (offline)

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Annuity


A contract by which an insurance company agrees to make regular payments to someone for life or for a fixed period. Appreciation
Source: 401khelpcenter.com

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Annuity


  A series of equal payments or receipts occurring over a specified number of periods. In an ordinary annuity, payments or receipts occur at the end of each period; in an annuity due, payments or rece [..]
Source: wps.pearsoned.co.uk

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Annuity


A regular periodic payment made by an insurance company to a policyholder for a specified period of time.
Source: people.duke.edu

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Annuity


In the United States, an annuity is a contractually executed, relatively low-risk investment fund, where the insured (usually, an individual) pays a life insurance company a lump-sum premium at the st [..]
Source: en.wikipedia.org

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Annuity


Under European Union law, an annuity is a financial contract which provides an income stream in return for an initial payment with specific parameters. It is the opposite of a settlement funding. A S [..]
Source: en.wikipedia.org

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Annuity


An annuity is a financial contract guaranteeing a series of regular payments made at equal intervals over a fixed period of time. It may also refer to: Life annuity, an annuity in which the term is a [..]
Source: en.wikipedia.org

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Annuity


An annuity is a series of payments made at equal intervals. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension paym [..]
Source: en.wikipedia.org

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Annuity


A life insurance product that pays periodic income benefits for a specific period of time or over the course of the annuitant's lifetime. Deferred annuities are paid after a deferment period whereas Immediate annuities allow payments to begin within a year of purchase.
Source: reliancenipponlife.com (offline)





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