Definitions for "Annuity Policy"
An annuity offered by a Life Insurance Company. Annuities offered by Life Insurance Companies. Other organisations such as Friendly Societies and some Credit Unions also offer annuities. See section3 of the Superannuation (Resolution of Complaints) Act 1993 (the SRC Act)
an investment program wrapped in a contract with an insurance company
a vehicle in which your premium dollars grow on a tax-deferred basis, increasing your spendable income