A sum of money paid at regular intervals, often annually.

A series of regular consecutive payments or receipts of equal amount.

a type of investment that guarantees payment of specific amounts at specific times, or a single lump sum payment.

A contract between an insurance company and an individual; it generally guarantees lifetime income to the individual on whose life the contract is based in return for either a lump sum or a periodic payment to the insurance company. The contract holder's objective is usually retirement income.

A stream of uniform periodic cash flows

a contracted right to receive payments of a specific amount at stated intervals in life, or for a term of years, in consideration of a transfer of cash or other assets.

a scheduled payment made on regular, fixed intervals agreed according to a contract. Generally an annuity is established under a contract to provide retirement income. The length of the interval that the contract establishes between payments is called an annuity period. definition of annuities defined annuity defined annuity period defined definition of annuity-period defined

Sponsored by insurance companies and other financial institutions, this type of investment guarantees payment of specific amounts at set times or a single lump sum payment. Annuities can be either fixed or variable. Fixed annuities work similar to certificates of deposit (CDs)-you invest a lump sum and receive a guaranteed a fixed rate of interest for a specified amount of time. With variable annuities you invest in a portfolio of stocks, bonds, and cash equivalents, so your return depends on the portfolio's overall performance. Variable annuities often have annual charges.

A contractual arrangement by which an insurance company pays someone a regular income, usually for life, in return for a lump sum premium.

An investment paying out on a regular basis over a given period of time

This is an insurance policy that provides a regular income in exchange for your pension fund, or a lump sum to a Life Company. It is advisable not to automatically accept the annuity offered by your existing company, as you have the legal right to take it to another Life Company who may well offer a better rate.

A regular, yearly payment of a uniform sum of money.

The financial mechanism you purchase with your pension fund, which will provide you with a regular income in your retirement. It is really just a way of returning the capital you have accumulated in your pension fund back to you. Because it is aimed at providing you with a guaranteed income the majority of the fund is invested in bonds and government securities. The annuity seller has to guess how long you will you live and return your money to you accordingly. When you die any surplus money stays with the annuity seller. Should you die very shortly after purchasing the annuity, this fact leads to a situation colloquially known as a 'Bummer'.

An annuity is an income stream (similar to a pension) provided by Insurance Companies and Friendly Societies. There are different types of annuities such as a rollover immediate annuity, allocated annuity, and ordinary immediate annuity.

A regular income until the death purchased from a life insurance company for a lump sum.... more on: Annuity

A sum of money received or paid yearly or at other fixed periods. Back to the Top

Two or more equal, periodic cash flows.

Contract between an insurance company and an individual or organization providing for periodic payment by the insurer to the annuitant for a stated period of time plus a guaranteed benefit at some future date.

A type of asset that provides a fixed payment each month or year until a person dies. Most pensions are annuities; annuities can also be purchased directly from insurance companies. Types of annuities include the following: deferred annuities, fixed annuities, variable annuities, immediate annuities, and annuity certains.

Continuous cash flows of a stipulated amount over a specific period of time in the future.

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 annuities do not, but do have the potential for greater returns; but both are relatively safe, low-yielding investments. All capital in the annuity grows tax-deferred. An early withdrawal penalty often applies. see also deferred annuity, hybrid annuity, immediate payment annuity, joint life annuity, life annuity, single-life annuity, single-premium deferred annuity

form of contract sold by life insurance companies that guarantees a fixed or variable payment at a future time.

A contract between an individual and an insurance company, where the individual gives the insurance company money, in exchange for a stream of income paid over a predetermined period of time. Earnings are tax deferred.

Investment that generates a stream of equal cash flows.

a contract designed to accumulate premiums plus interest prior to maturity, then distribute the proceeds through a series of regular payments. ack-end Load: any fees deducted when the contract is terminated; i.e. surrender charges.

An Annuity is an income for life. Essentially, you hand over a lump sum, say $100,000 and somebody else, usually a life insurance company will guarantee you an income until your death. So, an annuity is like the reverse of a mortgage. Instead of getting a lump sum and then paying back monthly amounts to your home lender, you hand over a lump sum and receive monthly payments until you die. The rate of income you receive from the annuity will depend on how much capital you hand over and how old you are. A healthy 65 year old man will receive a smaller income than a 70 year old man, because the 70 year old is not expected to live as long. Because women tend to live longer than men, life insurance companies tend to offer them lower annuity rates. There are other types of annuities, for example joint life annuities where the capital is handed over to the life insurance company which then pays an income for the life of both spouses. Annuity rates vary and are influenced by the prevailing level of interest rates in the economy.

An annuity is an amount paid out every year to someone. The money usually comes from an insurance policy. It can be split up into smaller amounts and paid out more frequently, such as monthly. It is usually paid for the rest of the beneficiary's life.

An annuity is essentially a regular income for life and is usually purchased with your pension fund when you retire. The rate of income you receive from the annuity will depend on your age and the amount of capital you invest. For example, if you are 65 years old, you will receive less as opposed to 75 years old because you are expected to have a longer life than a 75 year old. It is best to shop around rather than just accept the annuity quote given to you by your pension fund provider because there are several different options available.

(or Annuity Contract) A contract, traditionally sold by insurance companies (but is also sold by other financial services companies), that allows a customer to make tax deferred investments that guarantee a fixed or variable payment at a future time. Annuities are most often used as a long-term investment for retirement and are funded either through a lump sum or through a series of payments.

A contract that guarantees fixed or variable payments over time. Some investors buy annuities to provide them with a stream of income in the future.

When you buy an annuity you are exchanging a lump sum for income in the future. Unlike other investments, however, an annuity usually only pays out until you die although you can have an option for guaranteed periods. There are several types of annuity, designed to meet differing investor needs. back

An investment that pays a given stream of interest for a fixed period of time.

A contract providing a tax-deferred accumulation of funds -- and tax-favored distribution of the funds. There are two phases: Accumulation Phase is the period during which the annuity is growing in value through premium payments and/or interest earnings.   Distribution Phase is the period during which an annuitant receives the annuity funds as income, generally through monthly payments.

(1) A series of periodic payments. (2) A financial contract between an insurer and a customer under which the insurer promises to make a series of periodic benefit payments to a named individual - the payee - in exchange for the contract owner's payment of a premium or series of premiums to the insurer. See also annuity certain, annuity due, deferred annuity, ordinary annuity, and straight life annuity.

Periodic payments to a person, usually for life.

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 outset. You cannot usually get your lump sum back. Pensions from retirement annuity contracts and personal pension plans are usually paid as annuities.

Periodic (usually annual) payment of a fixed sum of money for life of the recipient or for a fixed number of years.

A fixed sum of money that is paid yearly.

A benefit paid in a series of monthly payments.

A policy or program that pays a fixed amount of benefits on a regular basis such as monthly or yearly for the life of the person named in the annuity.

The income for life bought with your pension fund at retirement.

a. A series of equal periodic payments. b. The payment of a certain sum of money each year to the recipient, or annuitant. An annuity may be payable for a fixed number of years (terminable annuity), for the life of the annuitant (a life annuity), or in perpetuity. See Interest Rate Formulae

Periodic payment made to a pensioner over a fixed period of time, or until his or her death. To purchase an annuity means to pay a lump sum or make periodic payments to an insurance company. In return, the insurance company guarantees that certain periodic payments will be made to the participant, as long as he or she lives beyond the first due date of the annuity.

A contract, usually with a life insurance company, to invest your money and return it to you in payments over a certain period.

A series of periodic payments payable for either a defined period or based on either a single life or a joint life expectancy or both. A contract sold by insurance companies that pays an income benefit for a specified period of time. The period can be specified as a number of years, the life of one individual or the lives of two individuals. There are a number of variations of the method that payments are made by buyer during the accumulation period, and the method that the benefits are paid by the insurance company during the liquidation period. The variations in the method that payments are made are as follows: Deferred Annuity, Immediate Annuity, and Variable Annuity. The variations of the income benefit payments are as follows: Cash Refund Annuity, Fixed Dollar Annuity, Installment Refund Annuity, Joint Life Annuity, and Life Annuity Certain.

A recurring payment made to a retired individual, his/her survivor or spouse.

(1) A payment of money yearly for life or a given period of years; (2) A fixed amount given or left by will, paid periodically, not necessarily yearly.

A fixed sum payable annually

A stream of equal payments to an individual, such as to a retiree, that occur at predetermined intervals (that is, monthly or annually). The payments may continue for a fixed period or for a contingent period, such as for the recipient's lifetime. Although annuities are most often associated with insurance companies and retirement programs, the payment of interest to a bondholder is also an example of an annuity.--See also Annuity Certain; Contingent Annuity; Deferred Annuity; Fixed Annuity; Joint and Survivor Annuity; Refund Annuity; Straight Life Annuity; Tax-Sheltered Annuity; Variable Annuity.

Annual payment to a person (often grant)

a series of payments payable for the remainder of the life of the recipient or for a fixed term.

An arrangement to pay a regular income bought with a lump sum, usually the final value of a personal pension fund. The regular payment rates for annuities are closely tied to the prices and yields of government bonds.

A monthly retirement benefit paid to you or your designated beneficiary for life after you retire.

A form of distribution under the Savings Plan that makes payments to you or your beneficiary until you or your beneficiary dies. The Plan purchases an annuity for you from an insurance company. In exchange, the insurance company guarantees to pay you or your beneficiary a fixed amount of money until you or your beneficiary dies, depending on the type of annuity you elect. This option is available only under certain former plans that merged with the Savings Plan.

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

A sum of money that is payable at specified intervals for a specified period of time, or for the life of the annuitant. For tax purposes, payments are part return of capital and part return on the capital investment, and therefore partly taxable and partly nontaxable.

income from capital investment paid in a series of regular payments

The series of payments that you get after your retirement, in exchange of your pension fund that you have made while you were working.

a fixed sum payable each year or each month either to provide a pre-determined sum at the end of a number of years or months (sometimes referred to as a future value annuity) or a fixed amount paid each year or each month to repay (amortise) a loan (sometimes called a present value annuity). Formula 1: F = future value of the annuity x = fixed, regular payments i= interest rate per compounding period, as a decimal fraction n = number of compounding periods Formula 2: P = present value of the annuity or the amount borrowed which is to be repaid by fixed repayments x = fixed repayments i= interest rate per compounding period as a decimal fraction n = number of compounding periods

A series of monthly payments payable during the life of the annuitant or during a specific period.

regular payments made to you, by a life insurance company for the rest of your life in exchange for a cash lump sum or pension fund that you have accumulated.

A stream of even (equal) cash flows occurring at regular intervals, such as even monthly lease payments.

An investment contract that pays out regular amounts over a specified period or for life, often during retirement.

The regular payments of pension made to you. These are often made by an insurance company from which an annuity contract has been bought by your pension scheme.

An equal cash flow that occurs annually; or an investment product created by a life insurance company that provides a series of payments over time.

A type of investment contract that pays you income at regular intervals, usually after retirement.

A series of equal periodic payments, such as the interest on a bond.

Series of equal or near-equal monthly payments.

Pension income purchased from a life insurance company.

An investment that provides an income over a specified period of time, often used as a device for retirement income.

a regular income stream paid to an individual from a lump sum investment. Usually relates to a retirement income stream.

A taxable income stream provided by an insurance company by handing over the funds necessary to buy the required amount. Once bought it is a once and for all decision, although certain options can be built in such as guaranteeing it to be paid for a minimum number of years, including a dependant's pension, yearly increases to offset inflation, etc.

A form of benefit in which payments are made at regular intervals for a specified period of time. The most common form of annuity pays monthly benefits for life.

a monthly cash advance for life from an insurance company

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.

Fixed payments an individual receives for a lifetime or specified number of years at consistent intervals. For example, a customer may receive an annuity from a pension plan or from an investment.

A series of equal payments, taking into account the life span and interest rate.

A guaranteed income bought by a capital sum.

An agreement whereby an individual receives a stated amount of income on an annual basis.

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

An investment whereby you pay premiums now in order to receive an income later.

A series of fixed-amount payments paid at regular intervals over the period of the annuity.

A life insurance product that provides an income either for a specified period of time or for a person's lifetime.

A contract that provides for the depletion of a sum of money through a series of payments over a specified period of time.

A contract from an insurance company that guarantees you a series of regular payments for the rest of your life. An annuity has two distinct phases: The growth phase is the accumulation phase, while the payout phase is the annuity phase.

A contract with an insurance company that allows you to save for your future on a tax-deferred basis and then allows you to choose a payout option that meets your need for income when you retire, a lump sum income for life, or income for a certain period of time.

An annuity is a retirement income stream purchased with an initial lump sum. There are different types of annuity products - eg immediate, term, lifetime and allocated - all offering their own features. You can have an Eligible Termination Payment (ETP) or non-ETP term or lifetime annuity.

It is like a mortgage. Lotteries sometimes use annuities to create higher jackpots than they have the cash for. An annuity backed jackpot winner collects the money in installments over several years, typically over 20 or 25 years.

(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 survival of the annuitant(s) or for a specified period. (AN)

The return from an investment of capital, with interest, in a series of regular payments. An entity that lends money collects an annuity from the borrower, while the borrower is amortizing the loan.

A policy under which an insurance company promises to make a series of periodic payments, at yearly/half-yearly/quarterly/monthly intervals, to a named individual in exchange for a premium or a series of premiums called the purchase price.

Payment of a fixed sum of money to a specified person, by contract, at regular intervals (usually monthly).

A stream of regularly-scheduled payments, usually of the same size.

An insurance contract written to provide either income benefits for a specified period or to provide for life payments, which can begin immediately, but sometimes are deferred to some future date.

A pension which pays a regular income. Usually an annuity guarantees that you will continue to receive a regular income until you die. The total amount paid over the years depends on how long you live, and may end up being more or less than the amount originally invested.

When you want to draw your pension under partnership, you will use your pension 'pot' to buy an annuity which will provide your income during retirement.

A type of contract where an agreed amount is paid yearly for life or an agreed shorter period.

a series of monthly income payments that continue as long as you live.

A yearly grant or allowance, usually provided for in a will.

A contract that provides for a series of payments at some future date.

1. A sum of money paid yearly to a person during his lifetime. The sum arises out of a contract by which the recipient had deposited sums in whole or part with the grantor. The grantor is to return a designated portion of the principal and interest in periodic payments when the beneficiary attains a designated age; 2. A life insurance contract that pays the policy holder a fixed sum at regular intervals for a specified period of time.

A series of equal payments made at regular intervals, with interest compounded at a specified rate.

A periodic payment to a person, usually for life. Annuity is a term also used to describe the contracts that are sold by insurance companies, guaranteeing these payments.

A financial contract that offers tax-deferred savings and a choice of payout options to meet the owner's income needs in retirement: income for life, income for a certain period of time, or a lump sum.

Purchased with an individual’s pension fund to provide a pension normally payable for life.

A stream of payments that continue for the recipient's life or some other specified period of time and a common investment option in certain retirement plans. An annuity is also considered a tax-deferred investment account sold by insurers, banks, brokerage firms, and mutual fund companies. IMMEDIATE ANNUITY: The buyer hands over a lump sum and receives payments that begin immediately. The purchase is usually irrevocable, and payments are usually fixed for life. DEFERRED ANNUITY: The money remains in the annuity to accumulate without being taxed until taken out, usually years later. FIXED ANNUITIES: Provide a rate of return that is fixed for approximately a year, but the rate can move up and down. VARIABLE ANNUITIES: Allow investors to allocate their money among a basket of mutual fund-like sub-accounts. The return depends on the performance of the funds selected.

An insurance instrument that delivers fixed payments for a lifetime or a specified period of time.

An annuity is a long-term contract offered through an insurance company or financial institution. (Banks, stockbrokers, savings and loan institutions and other financial service providers can sell annuities, but only insurance companies can issue annuities.) There are two basic types of annuity contracts: The deferred annuity and the immediate annuity. A deferred annuity is chiefly a vehicle for accumulating savings and eventually distributing them either in the form of an immediate annuity or as a lump-sum payment. An immediate annuity is a form of life insurance policy which, in exchange for a sum of money up front, guarantees payments for a period of years or the lifetime of an individual or couple. A common use for an immediate annuity is to provide guaranteed pension income. Annuity payments may be either level or increasing periodic payments for a fixed term of years or until the ending of a life or two lives.

A contract providing for a series of regular payments comprising of principal and interest to an individual. An annuity is usually purchased from a life insurance company, which then pays the purchaser a monthly amount for a fixed period such as 10 years or life.

A contract sold by insurance companies that pays for a periodic income benefit for the life of a person (the "annuitant") or for a specified period of time. An annuity differs from a life insurance policy in that the purpose of a life insurance policy is to provide an income for a beneficiary when the insured dies, while the purpose of an annuity is to provide an income to the annuitant while the annuitant is alive.

An investment option that makes a series of regular payments to an individual in exchange for a premium or a series of premia.

Annuity contract is an agreement under which the insurance company, in return for the payment of a certain sum, makes a series of agreed payments at regular intervals from a fixed date. This continues until the death of the individual on whose life the annuity is bought.

A contract between a buyer and an insurance company. In return for payment, the insurer agrees to invest the money on a tax-deferred basis and pay an annuitant, usually the purchaser, a certain sum of money for a specified time, usually for the life of that person.

An annuity is a contract in which an individual agrees to pay a lump sum premium to an insurance company and receives, in exchange, a regular stream of income from the insurance company for life or for a specified number of years. Annuities are designed to protect against the risk of living longer than expected and outliving one’s savings.

Although marketed by insurance companies, annuities are the opposite of life insurance because they are designed to pay in life rather than at death. An annuity is a periodic fixed payment made to an individual by the insurance company (if annuitized) for life or a specific time period. The word "annuity" means a "payment of money." Annuities are considered a long-term investment because surrender penalties by both the insurance company and the Internal Revenue Service apply. p 84, 85, 86, 91

for investor purposes, an interest-earning fund that is set up to provide a specific payment amount to the payee (beneficiary) for a fixed number of periods in an amount designed to deplete the fund at the end of the fixed number of periods.

Think of this as a contract you buy from an insurance company. It's an agreement that the company will provide regular payments (usually monthly) to you as long as you live. The amount of the annuity payments will depend on a number of things. The interest rate at the time you purchase the annuity. The higher the rate, the better the annuity payment The type of annuity. You will pay extra if you guarantee that the annuity will provide payments to your spouse for a certain number of years after you die Your age when the annuity begins. The younger you are, the more payments you'll likely receive and they'll be lower to cover the difference

The amount paid under an annuity scheme at stipulated intervals like yearly/half yearly/quarterly/monthly intervals.

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

Product Offered by life insurance companies. In exchange for a cash lump sum or pension fund that you have accumulated, it then makes regular payments to you for the rest of your life.

A payment of equal installments paid periodically for a given number of periods.

A series, or stream, of identical cash flows.

a fixed annual payment based on an investment and the duration of payments.

an agreement to make periodic payments for which the making or continuance of all or some of a series of the payments, or the amount of a payment, depends on the continuance of a human life. "Annuity" includes an additional benefit that operates to safeguard the contract from lapse or to provide a special surrender value, special benefit, or annuity in the event of the total and permanent disability of the holder. An annuity does not include life insurance. Md. Insurance Code Ann. § 1-101

A regular stream of payments made to an individual for a specified time period. For example a policyholder will receive a stream of payments from an insurance company at retirement. The payment of interest to a bondholder is also an example of an annuity.

Annuities are retirement savings plans similar to bank savings accounts and CD's. Annuities are issued by life insurance companies and typically offer better interest rates. You pay in so that some day, you will receive pay out.

A fixed annual allowance. Normally paid in the form of a pension.

The payment of a specific amount on a periodic basis for a specific length of time.

A contract usually sold by a life insurance company that guarantees an income to the beneficiary or annuitant at some time in the future. The income stream can be very flexible. The original purchase price may be either a lump sum or a stream of payments. See Deferred Annuity.

The recurring monthly payments to a former employee who has retired.

A form of benefit in which payments are made at regular intervals. The most common form of annuity is one that pays monthly benefits for life.

A contract generally sold by life insurance companies that guarantees an income to the purchaser (or "annuitant") at some point in the future.

An income guaranteed for life paid in return for handing over a lump sum. An annuity is bought at retirement by holders of most personal pension plans and members of money-purchase company schemes.

A contract that provides a stipulated sum payable at certain regular intervals (1) during the lifetime of one or more persons or (2) for a specified period only.

Regular periodic payments made by an insurance company for a specified period of time. An amount paid at regular intervals for a set period of time. Mortgage payments are a form of an annuity paid to the lender.

Monthly railroad retirement benefit payment.

An annuity is a policy that pays out a regular payment to the policyholder, called an annuitant, as long as he or she is alive. These payments may start immediately (after an amount has been invested in the annuity) or deferred to some future date, i.e. an immediate annuity or deferred annuity. The payments may be made monthly or annually and may be for a specified term or for the remainder of a person's life. Do not confuse this annuity with a retirement annuity, which is a specialised savings product aimed at making financial provision for retirement. The above annuity is usually bought with retirement savings after which the payments serve as retirement income, or pension.

An insurance contract sold by a company that guarantees a fixed rate or offers variable rates of return to provide the buyer a stream of income at some point in the future, usually retirement. | back to educate yourself

An investment that entitles the annuity holder to regular periodic payments for a specified period of time. Often issued by insurance companies to raise money.

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.

The dictionary definition is a contract issued by an insurance company that pays an annuitant an amount periodically for a certain time for the remainder of his life. Common usage has expanded that definition to the point where you must dig deeper to understand the meaning. Variations include a deferred annuity where you make payments into a fund over a period of years (where tax on the fund's income is deferred), an immediate annuity (the original definition) or many other plans where a series of payments, either into or out of the fund, are involved.

Payment of twelve equal monthly installments for the member's lifetime (See Pension).

Life insurance product that pays income benefits over a specified period of time. In a deferred annuity, assets are tax deferred over time before they are converted to payments, whereas an immediate annuity pays out usually within a year of purchase.

An investment contract sold by a life insurance company in which the annuitant receives regular payments for life, or for a fixed period, in exchange for the immediate or installment deposit of a specified number of dollars. Technically, the premium paid by the annuitant purchases accumulation units. At the time when the annuitant elects a payout method, the annuitant gives ownership of the accumulation units and, in exchange, receives the right to a guaranteed payout in accordance with the payout method elected.

In finance, an annuity is a series of fixed payments, which might be over a fixed number of years, over the lifetime of an individual, or both. The most common use of annuities is to provide a pension for people in retirement.

A series of fixed-amount payments paid at regular intervals over a specified period – usually a pension from an insurance company.

A long-term contract between you and a life insurance company that allows you to save money for retirement.

A contract sold by an insurance company to a policyholder or by a pension plan to participants that makes regular periodic payment for a specified period of time. These are usually low risk and safe investments for individuals.

This is a term used by a life assurance company for a product where they will someone a regular income, usually for life, in return for a lump sum payment. There are many different types of annunity and expert advice should always be sought to help you decide between products.

is a regular income paid to you by an insurance company in exchange for a lump sum. The income stream received is a combination of return of capital and of investment earnings. Annuities now can be fixed term and may be taken out by people of any age. However, there are special advantages for Age Pension applicants in taking out an annuity for either lifetime or since 20 September 1998 “life expectancy annuities” (LEAs) are available for periods between 5 and 15 years or more and depending on age, can be exempt from the Assets Test, provided they are taken out after or on reaching Age Pension age.

A contract issued by a life insurance company that provides for tax deferral of investment income until withdrawn from the contract. Variable annuities offer a choice of investment options.

A series of payments made or received at even intervals either for life or for a fixed number of years.

A payment of a fixed sum of money issued to a benefit recipient.

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.

A promise to make periodic payments to someone for a set time.

A series of periodic payments, which can be discounted in value to the present.

The annuity is a policy that you purchase and that pays for an amount of benefits every year. For example a life annuity which pays you back the money you payed plus an interest in case something ...

An amount paid yearly or at other regular intervals, often on a guaranteed dollar basis.

A regular periodic payment to a person usually made in exchange for an initial lump sum payment.

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

A series of equal payments at equal time intervals. Usually at yearly or monthly intervals. Abbreviated as A.

Any series of periodic payments received or paid at regular intervals.

A legal policy provided by an insurance company that enables consumers to allocate money annually that earns interest at a guaranteed rate, tax-deferred, for a specific period of time. These annuity dollars provide policyholders with additional annual income stipends for a designated length of time in the later years. Annuity policy programs are popular because of the tax benefits, guaranteed annual income, and security benefits that they provide.

An annuity is a contract between you and an insurance company which provides you with an annual sum over your lifetime in exchange for a lump sum investment.

A contract that makes payments to you at regular intervals based on Purchase Payments that you put into the contract.

An investment providing periodic payments for a specified term or for life. An annuity can be purchased with registered or non-registered funds.

A contract between the insurance company and the contract owner (annuitant) whereby the annuitant makes a financial investment and the insurer agrees to provide an income for a specific period of time or for life.

It means that, when you win, you collect your jackpot in installments over several years instead of in one lump sum. Lotteries sometimes use annuities to create higher jackpots than their immediate cash holdings would allow.

Is an insurance product which comes in two basic forms: fixed and variable. The fixed version can make a lump sum or periodic lifetime payments to the annuitant. The variable version has a separate account attached to the annuity contract. This type of contract is considered a security because it is dependent on equities and its total value is subject to fluctuate due to market risk. There are many annuity varieties. Some are: Annuity Certain, Annuity Due, Deferred Annuity, Fixed Annuity, Life Annuity, Ordinary Annuity, Perpetuity, and Variable Annuity. Also, see Interest Impact on Present Value of Ordinary Annuity of 1 Per Period.

A contract between an insurance company and an individual in which the company agrees to provide income, which may be fixed or variable in amount, for a special period in exchange for a stipulated amount of money.

The investment you purchase with your pension fund, which will provide you with a regular income in your retirement. Because it is aimed at providing you with income, the majority of the fund is invested in bonds and government securities. The annuity seller has to guess how long you will you live and pays you an income accordingly. When you die the money stays with the annuity seller. Should you die very shortly after purchasing the annuity, this fact leads to a situation colloquially known as a 'Bummer'. The law currently requires a pension fund to purchase an annuity before you are 75.

An insurance contract that guarantees a fixed or variable payment to the annuitant, or contract owner. The two phases of an annuity contract are the accumulation and distribution periods.

An arrangement wherein a person invests a lump sum and receives periodic payments - usually used to provide retirement income.

A series of payments, which may be subject to increases, made at stated intervals until a particular event occurs. This event is most commonly the end of a specified period or the death of the person receiving the annuity. An annuity may take one of a number of different forms including compulsory purchase annuity, deferred annuity, purchased life annuity and reversionary annuity.

an investment of money entitling the investor to a series of sums over a stated period.

An amount paid yearly or at other regular intervals, often at a guaranteed minimum amount. Also, a type of insurance policy 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.

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.

annual money payment

a sequence of equal payments, usually made at regular intervals of time

A contract where the buyer (annuitant) pays a sum of money to receive regular payments for life or a fixed period of time.

A financial product that (1) provides a series of payments at regular intervals or (2) allows you to save on a tax-deferred basis until a future date when a life insurance provider promises to make a series of periodic payments to a named individual.

A series of small payments for a period of time than a rather large one-time payment.

Retirement account that helps to increase the value of your assets and then provides you with income once you are retired.

A regular payment made in exchange for a lump sum. Payments are set at the purchase time, can be for life, for a set period, or indexed for inflation. This useful income stream can now be attached to a super payout.

An annuity provides a guaranteed income for life in return for a lump sum invested. There are two types of annuities; Compulsory purchase and Purchased life. Compulsory purchase annuities are bought with a payment from an employer's pension scheme or personal pension fund. Part of the fund may be paid out as tax-free cash, the remainder must be used to buy an annuity.

This is a series of regular payments that you receive for the rest of your life, in exchange for a lump sum /pension fund that you have built up over your working life.

The provision of a guaranteed income for life in return for a lump sum payment - often bought with a pension fund on retirement. Annuity rates are linked to yields on government backed (gilt-edge) securities.

An investment from which one receives income for a lifetime or specific number of years.

The right to a yearly payment in money.

An investment contract between the buyer and an insurance company. The two types of annuities are deferred and immediate-pay.

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

A contract that provides an income for a specified period of time such as a number of years or for life. The process of annuitizing refers to the conversion of a lump sum to a series of periodic payments under an annuity contract.

A guaranteed pension income, provided by an insurance company, for the rest of a members life, in return for the money in their pension funds.

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.

a contract issued by an insurance company providing retirement income at regular intervals.

Series of payments, usually payable at specified time intervals.

An insurance contract usually guaranteeing lifetime income on whose life the contract is based on in return for either a lump sum or periodic payment to the insurance company: can be fixed, immediate, or variable.

The financial arrangement or contract an annuitant makes with a third party (family members, insurance company, or charity) in which he or she will receive a specific amount at stated intervals for life or for a term certain in consideration of either cash or other assets.

A level stream of cash flows for a limited number of years.

A financial contract between an insurance company and the policy holder (purchaser) that provides for a series of payments at regular intervals to be received for a number of years or over a lifetime. Earnings of annuities grow tax-free until payouts begin, which is usually around 65. Annuities are hybrids of insurance and investments.

A retirement benefit paid on a monthly basis.

A form of investment contract sold by life insurance companies, which guarantees a fixed or variable payment to the annuitant at some specified time in the future, usually retirement.

A contract sold by life insurance companies that offers tax-deferred accumulation of earnings and various distribution options such as partial withdrawals, full surrender or a guaranteed income called annuitization. An annuitization option is one that pays a fixed or variable payment to the contract owner, either for a fixed number of years or for life.

A contract providing retirement income at regular intervals. See also qualified joint and survivor annuity.

A purchased policy that pays a fixed amount of benefits every year for the life of the person who is entitled to those benefits under the policy.

A series of equal amounts to be received or paid at the end of equal time intervals.

An annual income or payment of a fixed amount from an investment of capital which is, usually, not repayable

Series of assured equal or nearly equal payments to be made over a period of time, usually on a monthly basis.

A contract issued by an insurance company that offers the systematic liquidation of principal over a selected period, including payments guaranteed to last for the lifetime of the annuitant. Guarantees are backed by the claims paying ability of the issuer, annuities are long term investments designed for retirement purposes. Withdrawals of taxable amounts are subject to income tax and, if taken prior to age 59 1/2, a 10% federal tax penalty may apply. Distributions may start as early as 59 1/2 years of age or by age 70 1/2.

Specifies a fixed rate of interest (usually set annually based on the prevailing market interest rates) that will be paid on the amount invested in the annuity. The insurance company assumes the investment risk. Most fixed annuities provide a guaranteed minimum rate of interest for the life of the contract. Guarantees are backed by the claims paying ability of the issuer, annuities are long term investments designed for retirement purposes. Withdrawals of taxable amounts are subject to income tax and, if taken prior to age 59 1/2, a 10% federal tax penalty may apply.

Flexible contributions may be made as often and in whatever amounts the contract owner desires; benefits begin one year from the date of purchase. Deferred annuities are normally purchased to defer taxes on growth and accumulation, such as a retirement fund. This annuity is also ideal for educational funding.

A single premium (lump sum) is put into an account from which the annuitant will draw the periodic benefits (funds) at some specific time in the future. Benefits begin more than one year from the date of purchase. This annuity may be ideal for educational funding.

A single premium (lump sum) is put into an account from which the annuitant may immediately begin drawing benefits (funds). Funds to be drawn with a year of issue.. The immediate annuity essentially does not have an accumulation period.

A contract issued by an insurance company that can be used to accumulate money for retirement or to generate a stream of income that is guaranteed for life or for a specific period of time.

A contract sold by insurance companies designed to provide payments to the holder at specified intervals, usually after retirement. Fixed annuities guarantee a certain payment amount. Variable annuities do not guarantee a specific payment amount, but provide the potential for greater returns. While payments are made with after-tax dollars, unless the variable annuity is an IRA, contributions grow tax-deferred until withdrawn. There may be penalties associated with the early withdrawal of an annuity.

A predetermined sum of money payable at a set interval for a specified time period, for life, or forever. Part of the payment represents a return of capital and is not taxable. The rest of the payment is taxable as it represents a return on investment.

A contractual arrangement to pay a fixed sum of money to an individual at regular intervals. The charitable gift annuity is a gift to BGEA that secures fixed lifetime payments to the benefactor and/or another individual.

A contract by which an insurance company agrees to make regular payments to someone for life or for a fixed period.

A contract with an insurance company in which the individual makes either lump-sum or periodic payments to the insurance company and in return receives a lifetime income (usually guaranteed).

Contract sold by an insurance company that agrees to pay either a regular, fixed amount when you retire or an amount based on how much your investment earns. Earnings are taxed upon withdrawal.

A periodic income payable during the lifetime of one or more persons, or for a specified period.

A contract between an insurance company and an individual where the insurance company promises to pay income to a person (the annuitant) in the form of periodic annuity payments of a specified period of time. (See also: deferred annuity and variable annuity) Return to Previous

A specified income, payable at stated intervals, for a fixed or contingent period, often for the lifetime of the recipient.

an investment that produces a steady flow of cash for a specific period of time.

a contract that provides income in periodic payments for a specific period of time, or payments made under such a contract.

A sum of money received at fixed intervals, such as series of equal or nearly equal payments to be made over a period of time, or it may be a lump sum payment to be made at some time in the future. The installment payments due to a landlord under the terms of a lease are an example of an annuity. The installment payments due to a lender on a note are another such example.

A yearly payment of a certain sum of money• Superannuation

A series of fixed payments paid over a fixed number of years or during the lifetime of an individual, or both. An annuity is often used to provide a pension. It can also be an annual payment provided for in a will.

A contract that provides an income for a specific period of time, such as a number of years or for life. The person receiving the payment is called an annuitant. Annuity payments are usually made monthly but can be quarterly, semi-annually, or annually.

A means of saving money on a tax-deferred basis, when purchased from an insurance company. The monies in the annuity can be paid to you as a partial withdrawal, as a full withdrawal, or as a guaranteed income, usually at retirement.

The purchase of an investment that provides fixed payments that are predetermined and for a set amount of time.

"An annuity is a long-term, interest-paying contract offered through an insurance company or financial institution. An annuity can be ""deferred"" as a means of accumulating income while deferring taxes, or it can be ""immediate"" meaning it pays you income now at fixed or variable  interest rates as long as you are living, contact your insurance agent for details on current rates."

A periodic payment from an invested lump sum of principal, retirement contributions or insurance premiums.

A contract that provides income payments at regular (typically monthly) intervals, usually for a specified period or for the lifetime of the annuitant. Income payments may begin right away or be postponed to some future date.

A series of contractual payments made at regular intervals over a period of more than one year. Part of the payment represents a return of capital and is not taxable. The rest of the payment is taxable as it represents a return on investment. Annuity contracts are generally established by tax-exempt organizations for the benefit of their employees.

A contract purchased from a life-insurance company in which a lump sum is exchanged for an income stream.

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 th e taxable and nontaxable amounts.

A regular series of payments. Annuities include annuities certain, where payments are made at definite times, and life annuities, where payments depend on the survival of an ANNUITANT.

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: Deferred annuities allow assets to grow tax deferred over time before being converted to payments to the annuitant. Immediate annuities allow payments to begin within about a year of purchase.

A series of payments made or received at regular intervals.

An amount paid at regular intervals from principal and interest provided by a fund set up for the purpose. (the present value).

A sum of money received in a series of equal, or nearly equal payments over a period of time. There are many kinds of annuities, for example: joint and survivor annuity, periodic level premium annuity, life income with period certain annuity, lump-sum annuity, flexible premium annuity, refund annuity, straight life annuity, temporary life annuity, variable annuity and multi-funded annuity.

A contract between a life insurance company and an individual that guarantees income for a defined period, usually starting at retirement, to the person on whose life the contract is based. In exchange, the individual agrees to make periodic payment to the insurance company. All capital in the annuity grows tax-deferred. See: Annuity Unit; Fixed Annuity; Variable Annuity

A contract that provides for a series of payments, usually at regular intervals, for the duration of life.

Considered to be the opposite of life insurance where a death benefit is paid, an annuity provides a benefit while the insured is alive. This is a contract that provides an income for a specified period of time.

A contract sold by a life insurance company that provides fixed or variable payments to a person, either immediately or at a future date, usually to supplement retirement income. The income is paid from a stipulated date either until the death of the person or for a specified number of years. Annuities can be classified as either deferred or immediate.

A series of equal periodic payments. The usual form of distribution used by defined benefit plans.

Originally, an annuity was simply an annual payment - hence the name. Most commonly, an annuity describes the amount you receive from your pension each year, usually in monthly installments.

An annual allowance, payment, or income.

An investment in which an insurance company agrees to pay an income for life or for a specified number of years.

A financial contract that provides an individual with income payments of a specified amount at regular intervals for life, or for a specific period of time. The principal remains tax-sheltered until it is paid out as income. Annuities may be purchased with either registered or non-registered assets. In the latter instance, only the interest component is taxable.

A sum of money paid each year during the life of the recipient. An annuity is usually paid as a legal obligation under a contract or undertaking, as through a pension scheme, and may be paid in installments more frequently than once every twelve months.

A contract between an insurance company and an individual in which a sum of money is deposited for a specified amount of time. During the accumulation phase, the funds grow tax deferred. During the income phase, income is paid for a specified amount of time.

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.

A form of periodic payment. Made to the recipient at consistent periodic intervals either for life or for a fixed period of time.

A series of equal money payments made at equal intervals during a designated period of time.

A series of constant payments at uniform time intervals (for example, periodic interest payments on a bond).

An annuity is a financial contract with an insurance company that provides for payments of a specified amount of money at some future time, based on contributions made by the account's owner. This vehicle may offer tax-deferral on interest earned. For more information on this option, see our Products section.

Income payments of receipts spanning a number of years.

Periodic payments (usually monthly) provided by the terms of a contract for the lifetime of an individual (the annuitant); may be a fixed or varying amount, and may continue for a period after the annuitant's death.

A non-FDIC-insured, tax-deferred investment, underwritten by an insurance company, providing payments for life or a specified period. Annuities are subject to investment risk including loss of principal.

Arrangement whereby payments are made to a person at regular intervals in return for the investment of a lump sum

a regular payment received by pensioners of a society. The annuity could vary up and down from year to year as it was usual to divide the sum available amongst those who qualified. Both the sum and the qualifiers changed annually. Annuities might be paid annually, twice yearly, or quarterly.

Used as a vehicle for retirement income or other longer term savings purposes such as an educational fund for children or grandchildren.

A payment of a defined sum of money at regular intervals; the right to a series of periodical payments purchased from a life office by either single or periodic premiums.

collecting one's win over several years instead of asking for a lump sum.

Regular income payment purchased from the proceeds of a pension fund.

The systematic liquidation of principal and interest over a specified time by means of periodic payments. Also a type of financial product in which an insurance company promises to pay monthly benefits over a period of time in exchange for the contract owner's prior payment of premium(s).

A sum of money payable quarterly or at other regular intervals.

A contract sold by an insurance company that guarantees a fixed or variable payment to the holder at some future date, usually at retirement.

A series of periodic payments, usually level in amount or adjusted according to some index (e.g., cost-of-living) that continues for the lifetime of the recipient. In contrast, an installment payment is one of a specific number of payments that will be paid whether or not the recipient lives to receive them. See also "Joint and Survivor Annuity."

A contract that provides an income for a specified period of time, such as a certain number of years or for life. An annuity is like a life insurance policy in reverse. The purchaser gives the life insurance company a lump sum of money and the life insurance company pays the purchaser a regular income, usually monthly.

A contract sold by a life insurance company in which an insured makes contributions into a fund that can then be withdrawn in a lump sum or a series of future payments.

(1) A series of periodic payments. (2) A policy under which an insurance company promises to make a series of periodic payments to a named individual in exchange for a premium or a series of premiums.

In pension terminology, periodic payments (usually monthly) provided by the terms of a contract for the lifetime of an individual (the annuitant) or the individual and his or her designated beneficiary; and may continue for a period after the annuitant's death.

An annuity is a contract that provides monthly income payments in return for your investment of a principal sum of money. Annuities are offered primarily through life insurance companies. Annuities are not offered by AGF.

An arrangement under which periodic payments are made to a person in return for the investment of a lump sum, usually for the purpose of providing retirement income.

A stream of payments from an insurance policy or a retirement account. Annuities basically come in two forms: 1) an immediate annuity in which the insurance company pays fixed income starting today, and; 2) a deferred annuity which lets the money grow tax-deferred and pays an income in the future.

A series of regular payments. Annuities are usually purchased by a lump sum of cash e.g. pension schemes generally discharge their promise of pension benefit by purchasing an annuity. Individuals can purchase using own capital. Wide range of options available e.g. level, escalating, guaranteed, single or joint lives.

A long-term investment that provides tax-free growth and income at regular intervals for as long as specified.

A long-term investment that provides tax-deferred growth and income at regular intervals for as long as you specify.

A tax-deferred investment sold by an insurance company designed to provide payments to the holder at specified intervals, usually after retirement.

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 death of the annuitant.

A financial contract that provides continuing income, typically for retirement.

An investment in which the policy holder makes a lump-sum or installment payment to an insurance company and receives income at retirement.

(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 payment (level set at creation, that can be indexed for inflation) made in exchange for a lump sum consideration.

a monthly cash payment you get from an insurance company for the rest of your life.

A combination of insurance and investing. An annuity contract (usually issued by an insurance company) assures that it will make certain payments back to the investor at a stated time in the future. An annuity can either be variable or fixed (i.e. ,dependent on market fluctuations or not). Annuities allow tax-deferred growth, and therefore are often used as a long-term savings, investment, and retirement vehicle. They tend to have high penalties for early withdrawal.

A fixed, regular return on an investment.

Any series of payments made or received at regular intervals.

A financial product that allows a person to save for the future on a tax-deferred basis and then allows the person to choose a payout option that best meets needs for income when the person retires. Payment options include a lump sum, income for life, or income for a certain period of time.

An annuity is a constant annual payment. The guarantee of the maintenance of such annual payments is also known as an annuity, and can usually be purchased from insurance companies. A certainâ€(tm) annuity is paid over a specified number of years, whereas a lifeâ€(tm) annuity is paid until the death of the named recipient. An annuity may be bought with a lump sum or through a series of contributions.

An income stream that pays a regular income either for a fixed term (usually called a 'term certain' annuity) or for life. An annuity can be purchased with ordinary (i.e. non-ETP) or superannuation (ETP) money. A complying annuity is a special type of annuity that complies with specific conditions that enable you to qualify for the pension RBL.

Stream of payments paid or received usually over a period of 12 months.

A retirement product that allows you to save for your future on an income tax-deferred basis and then allows you to choose a payout option that best meets your need for income when you retire—lump sum, income for life, or income for a certain period of time. Annuity Due A contract in which annuity payments are made at the beginning of each payment period. The first payment is applied on the contract effective date.

The income received either for a specific period or for life by the payment of an initial lump sum. Often used as a basis of a pension scheme. Income will depend on the prevailing interest rates and the expected life span of the recipient.

A contract between an insurance company and an individual. It generally guarantees lifetime income to the person on whose life the contract is based in return for either a lump sum or a periodic payment to the insurance company. A fixed annuity guarantees a specific amount of payment each month. In a variable annuity, the amount of the monthly check would fluctuate according to the value of the securities in the separate account.

A form of investment plan usually provided as a retirement plan that provides for income for a specified period of time, such as a number of years or for life.

An insurance company contract in which a client invests a lump sum and receives regular benefit payments over a period of years, usually after retirement. Annuities can have fixed or variable interest rates.

A contract which provides a uniform series of income payments of a specified amount at regular intervals for life, or a specified period of time. The amount is tax-sheltered until it is eventually paid as income.

A contract that allows you to invest money and have it grow on a tax-deferred basis. Annuities are either fixed or variable -- or a combination of fixed and variable and can require lifetime or period payments.

A contract between the contract owner and an insurance company guaranteeing that in return for a purchase payment(s) a series of fixed or variable income payments will be paid for the life of the annuitant or for a specified period of time, beginning right after purchase (immediate annuity) or after an accumulation period (deferred annuity).

Annuity products provide a regular income to the life assured. Usually, a lump sum is invested in return for a regular income for life.

A payment based on an arrangement in which one receives a fixed amount of income for a lifetime or a fixed period of time. (See Charitable Gift Annuity.)

A contract between an individual and an insurance company that provides for periodic payments to the individual or designated beneficiary in return for an investment. Typically, an annuity agrees to provide payments to the annuitant beginning at some future date. The payments may continue for the lifetime of the annuitant, or for an agreed-upon term of years.

A contract to pay an income from a stipulated date until either the death of the annuitant or a specific date in the future.

an investment sold by insurance companies that turn capital into guaranteed income. Annuity capital can be purchased with registered funds (RRSP or Pension Funds), or from non-registered savings. Annuity payments can start immediately or be deferred to some later date.

is a regular income exchanged for a lump sum usually via an insurance company at retirement. (Once purchased cannot be reverted to a lump sum).

A series of payments made periodically for a specific period of time. The payment amounts can be variable from payment-to-payment or fixed amounts. Many insurance companies sell a wide variety of annuity policies / contracts with payments that begin immediately upon purchase of the contract or are deferred until some time in the future. Some annuity contracts waive their surrender charges (early withdrawal penalties) in the event of a lengthy hospital stay, nursing home confinement, or terminal illness.

The payment of a fixed sum to an investor at regular intervals.

A tax sheltering vehicle. An unsecured contract between the company and the annuitant(s) that grows deferred-free and is used to provide for one's later years. All income taxes are deferred until maturing of the annuity. Capital gains and income accumulate tax deferred. Results in a stream of payments made to the annuitant during his or her lifetime under the annuity agreement. Taxes are paid on the income, interest earned and the capital gains but only to the extent as and when they are received. Currently, there is no annual limit on purchases, but there is no tax credit for purchases. An annuity is not an insurance policy.

An agreement whereby an insurance company pays an individual a regular income for life in return for a lump sum of money. The amount of regular income offered by the company depends on the individual's age, sex and health as well as the size of the lump sum, the type of annuity selected and the market interest rates when the annuity is secured.

A contract that provides an income for a specified period of time such as a number of years or for life. reak in Service — Under ERISA, a calendar year, plan year or other 12 consecutive month period designated by the plan during which a plan participant does not complete more than 500 hours of service. areer Average Pay Formula/Career Average Plan — A career average pay formula is a benefit formula that bases benefits on the employee's compensation over the entire period of service with the employer. A career average pay plan is a plan with such a formula.

A series of income payments of receipts over a period of years.

A contract that provides for a series of payments to be paid at regular intervals.

a contract that exists between an insurance company and a client, in which the insurance company agrees to make periodic payments to the client.

Periodic payments made to an individual under the terms of the policy.

A retirement plan that provides periodic payments, usually monthly. A straight-life annuity provides payments during the retiree's life. A joint-and-survivor annuity provides payments to the retiree during his or her life and, at the retiree's death, to the surviving spouse.

A series of regular payments / A contract that provides an income for a specified period, e.g., during life / The sum paid each year under 1 or 2.

A contract between an insurance company and a person that provides for periodic payments to the individual or designated beneficiary in return for an investment. Typically, an annuity agrees to provide payments to the purchaser of the contract (annuitant) beginning at some point in the future.

A contract purchased from an insurance company to provide periodic (usually monthly) payments to a person for his or her lifetime.

an investment (usually with an insurance company) which earns tax-deferred interest over a fixed amount of time and offers a guaranteed minimum payout at retirement. Annuities can be purchased at a fixed or variable rate of return.

An insurance product that pays an income benefit on a specific date, for a specific time, or for the lifetime of the person(s) receiving the annuity (the annuitant). A fixed annuity guarantees fixed payments with a constant rate of return. A variable annuity's value fluctuates with that of the assets that are backing it. There is no guaranteed rate of return for a variable annuity; the annuitant bears the investment risk and receives the return actually earned on invested assets less charges assessed by the insurance company.

The assured payments made by an owner that are equal or nearly equal and are made over a period of time.

An annuity is a contract with a life insurance company under which the life company pays a guaranteed income stream in return for an initial lump sum investment. An annuity can be for a fixed term (e.g. 10 years) or for life.

a portion of your monthly retirement allowance that is based on the total amount in your annuity savings fund on the date of your retirement.

This is an irrevocable agreement between a nonprofit institution and a donor. The nonprofit agrees to pay the donor a fixed rate of return for life on assets transferred to the nonprofit. The asset value will exceed the value of the guaranteed annuity of the nonprofit.

The annuitant agrees to defer the start of payment until at least one year after the annuity has been funded.

Insurance contract from which a person receives fixed payments for a lifetime or defined period of time.

A regular income (or pension) that you buy (normally from an insurance company) with your Account savings.

A contract made with an insurance company ensuring that they will provide you with a regular income for life, in return for part or all, of your pension. Under current legislation, you can postpone buying your annuity until you reach 75. You do not have to buy an annuity from the insurance company that built up your pension.

The periodic payment of a definite sum of money, with such payments to continue for life or for a definite number of years. Appreciated Property Property, such as real estate or stock, which has increased in value.

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

It is a contract sold by a life insurance company that provides fixed or variable payments to an annuitant either immediately or at a future date usually to supplement retirement income.

Purchased by an individual for investment and retirement purposes, this investment product is paid periodically and includes the return of invested capital plus the income generated by it.

contract by which an insurance company agrees to make periodic payments to a client

This is a fixed amount of money paid each year until a particular event (such as a death). It might be split into more than one payment, for example monthly payments. Many schemes use an annuity to pay pensions. When someone retires, their pension scheme can make a single payment, usually to an insurance company. This company will then pay an annuity to the member . The money paid to the member is what people usually call their pension.

(1) Cash payment over a given period. (2) A fixed amount given or left by will paid periodically.

A specified income paid yearly or at other regular intervals, often on a guaranteed dollar basis.

A contract between an individual and an insurance company in which the individual pays money into an account in exchange for a guaranteed payment at or during retirement. Annuities offer tax-deferred growth. There are two types: fixed and variable.

An insurance policy paying a specified amount in regular payments for the life of the annuitant. It is most commonly a form of life insurance which guarantees payment of a certain sum starting at a set time, usually the retirement of the insured, and payable for the life of the insured.

an investment that pays out a constant amount at each interest payment date

a periodic payment to be made from a stated or contingent date and continued for a fixed period or for as long as the annuitant or annuitants live. Using an annuity, a fixed sum of money can be disbursed over a period of time. In a life annuity, for example, mortality statistics enable insurance companies to determine the amount of monthly payments that can be made, based on the amount of money funding the annuity and the age and other personal factors of the annuitant.

When payments, investments, or financial activities take place at the same amount and on a regular basis, those activities are called an annuity. A thousand dollar investment or payment every year for 5 years represents an annuity.

A contract between a client and an insurance company where the client receives periodical settlement payments for a specified length of time.

An interest-bearing contract between an individual and a life insurance company that guarantees periodic payments to the indivdual during a specific time period.

Series of equal cash flows at regular intervals.

An amount paid in a series of equal, or nearly equal, periodic payments.

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.

Arbitrage Ballon Payment

A tax-deferred retirement account offered by an insurance company with a periodic fixed payment made to the policy owner for a specified number of years.

A payment made at a regular interval (quarterly, yearly, etc) for a specified or an uncertain length of time. Fixed Annuity, the payment is paid out in regular installments. Variable Annuity, the payment depends on the value of an underlying investment

Also known as a pension. It is normally paid as a regular income and is subject to PAYE. The amount of an annuity is dependent on the fund that has built up and the Annuity Rates in force on retirement.

a contract in which a purchaser gives an insurance company a lump sum of money in return for receiving regular payments for an agreed period of time extending into the future. These income-generating investment products, which often involve tax benefits, provide a guaranteed stream of income in monthly, quarterly, or annual payments; an income generating investment (page 120). Also see DEFERRED ANNUITY.

Regular payments to an individual according to a contract, for a specified or an indefinite time period.

A contract between you and an insurance company which states that in exchange for your payment, the company agrees to pay you an income now or in the future.

A regular periodic payment of equal dollar amounts that lasts for a specified period of time

A contract between an insurance company and an individual whereby the insurance company agrees to make periodic payments to the individual.

An annuity is a contract between an insurance company and an individual. Provided the insurance company is solvent, an annuity guarantees a series of payments paid over a set period of time. Annuities generally guarantee income to the person on whose life the contract is based upon in return for either a lump sum or a periodic payment to the insurance company. A fixed annuity guarantees a specific amount of payment during regular intervals. In a variable annuity, the amount of the monthly check does not fluctuate, however the cash (or redemption) value of the annuity will fluctuate according to the value of the underlying investment portfolio.

Periodic fixed payments to be received for a specified period of time or for life, in consideration for prior lump sum or installment payments made to the other party in the annuity contract.

A stream of annual cash flows for a specified period of time. Opposite: Perpetuity. Français: Annuité Español: Renta anual, anualidad

An annuity is a contract under which a series of payments are promised to a person in exchange for a single payment or series of payments. Deferred Annuity—Allows a person to accumulate money over time on a tax-deferred basis, and then allows a choice of several payout options. Immediate Annuity—Allows a person to convert a sum of money into a guaranteed series of payments for a period equal to the greater of the person's life or a certain number of years.

there are two types, both offering lifetime payment options: Variable  contract offered by providers that is designed to be both an investment vehicle and a source of retirement income; allows you to deposit money into a variety of portfolios (similar to mutual funds) called subaccounts, each of which pursue different investment objectives designed to accommodate goals of income, growth or total return. These funds will fluctuate in value over time, reflecting the value of the underlying portfolio selected; typically there is no guaranteed return of principal on subaccounts. Many also offer fixed account choices, with principal and rates of return guaranteed by the provider. Although the names of the investment portfolios may be similar to those of mutual funds available generally to the public, they are not the same fund. Fixed contract offered by providers that guarantees you will earn a stated rate of interest prior to retirement

A contract that guarantees a series of payments in exchange for a lump sum investment.

A series of regular, periodic payments, including a pension. An annuity is normally purchased from a life insurance company which then pays the purchaser a series of regular (usually monthly) payments. An individual usually purchases an annuity by making a lump sum payment from an RRSP or other source to the insurer.

An annuity is a financial product, which can be purchased from an insurance company, that guarantees to pay a set amount at regular intervals (normally monthly). Annuities bought from savings in a pension scheme are normally payable throughout the purchaser's lifetime. Payment (perhaps at a lower level) can also continue throughout a dependant's remaining lifetime depending on the type of annuity purchased.

A periodic payment made to a policy holder by an insurance company for a certain length of time.

The return, including interest, from an investment of capital, paid in a series of regular payments

A financial product that pays you an income until you die. You have to spend the bulk of your pension on an annuity by the age of 75.

An annuity that starts at a specific time in the future, usually on retirement.

The payment of a fixed sum at regular intervals to an investor.

A fund that can be purchased by a lump sum to provide regular income.

Generally, any series of payments. In the context of a private annuity, it's a series of payments for the life of the annuitant or annuitants, which is also known as a life income annuity.

An income receivable for a specified period of time or during the life of the annuitant (person receiving the annuity).

The systematic liquidation of principal and interest over time. It is a contract issued by an insurance company that accomplishes this purpose.

A series of payments made at stated intervals until a particular event - usually the death of the person receiving the annuity - occurs. It is normally secured by the payment of a single premium to an insurance company. It may remain level during payment, or increase to compensate in whole or in part for increases in the cost of living. It can be designed to be paid only to the individual annuitant for life, or may be paid on to a surviving dependant on the death of the annuitant.

A life insurance contract guaranteeing the purchaser, or his or her beneficiary, payment in the future, usually during retirement. Annuities may be structured in different ways with different payout options. Funds invested in an annuity grow on a tax-deferred basis.

A series of equal amounts at equal time intervals. Also see annuity due, annuity in advance, annuity in arrears, and ordinary annuity. To Top

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An annuity is a contract between an insurance company and a buyer. The buyer pays a premium, in one or several payments, and the insurance company agrees to pay the buyer a regular return for a specified period of time, usually the remainder of the buyer's lifetime. The insurance company invests the money to earn interest, receive dividend income, or collect capital gains distributions. The insurance company then pays the buyer an income based on the terms of the contract. Annuities can be variable or fixed, deferred or immediate. A fixed annuity ensures that the insurance company will pay a set principal plus a set interest rate. Returns on a variable annuity, however, fluctuate based on the performance of the investments. With a deferred annuity, the premium gathers interest for a certain set period of time, tax-free, before payments to the buyer begin. Immediate annuities, on the other hand, establish a return for the buyer based on the buyer's age, part of which is considered principal and part of which is considered taxable interest. Thus, age, wealth, and risk tolerance will heavily influence the type of annuity an individual buyer selects.

A Contract issued by us that provides, in exchange for premium payments, a series of annuity payments.

An arrangement for a series of regular payments made to a person in return for the investment of an up-front lump sum.

A stream of fixed payments for a stipulated time, yearly or at other intervals.

An annuity is a contractual arrangement between an individual and a life insurance company in which a person makes periodic payments to the insurance company in exchange for a guarantee of income for a specific period of time, which usually begins at retirement. All the money contributed by the individual in the annuity grows tax-deferred.

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 generally two types of annuities: deferred annuities, and immediate annuities.

Fixed sums paid, at regular intervals, to an investor.

Unlike life insurance which protects against the risk of insureds dying before their economic potential is attained, the annuity protects against annuitants running out of income prior to the expiration of the need for that income. For example, retired people often use their available cash to purchase life annuities which guarantee them monthly income for as long as they live.

An agreement under which assets are turned over to an institution on the condition that the donor (or other designated person) receive regular payments for a specified period. Most often used as a retirement vehicle to provide the annuitant with a guaranteed income. A type of contract that entitles the buyer to a series of payments. Annuitants (the beneficiaries of the plan) pay a fixed sum when purchasing an annuity. Life annuities pay for the lifetime of the annuitant and fixed-term annuities until the annuitant reaches age 90.

An annuity is an insurance contract. An annuity contract is created when an individual gives a life insurance company money which may grow on a tax-deferred basis and then can be distributed back to the owner in several ways. The defining characteristic of all annuity contracts is the option for a guaranteed distribution of income until the death of the person or persons named in the contract.

The term annuity is used in finance theory to refer to any terminating stream of fixed payments over a specified period of time. This usage is most commonly seen in academic discussions of finance, usually in connection with the valuation of the stream of payments, taking into account time value of money concepts.

Annuity contracts are financial products, typically offered by financial institutions, that may accumulate value and take a current value and pay it out over a period of years. These contracts are regulated by various jurisdictions and this has led to the term being focused on different features in different parts of the world.

An annuity can be defined as a contract which provides an income stream in return for an initial payment.