It is the beneficiary of an annuity.
Lump sum or annuitized
Immediate annuities can be annuitized immediately upon issue.
I know that some pension plans are funded with Annuities. Basically an annuity is a retirement vehicle that you contribute to and then when you retire, that annuity is then "annuitized", meaning you start to receive payments. But it provides a safe way to invest your money, because they usually have guaranteed interest rates.
Life insurance proceeds are not taxable when they are paid out as a death benefit. Depending on the amount of the insurance policy the payout options should be either lump sum, annuitized, fixed monthly payments for a period of time, or left with the insurance company in an interest bearing account with check writing privileges.
A joint annuity with a survivors benefit. However you purchase the joint annuity first. The payout procedure doesn't actually take affect until you would decide to annuitize the annuity. This is beneficial because if the first spouse passes away before the annuity is annuitized (set up for lifetime payments) the living spouse has the ability to receive it as a single payout annuity giving them a larger payment each month.
It mean what you don't what does it mean.
Mean is the average.
What does GRI mean? What does GRI mean?
The haudensaunee mean irguios
The correct usage is "what DOES it mean"
he was a mean person who lived with mean people in a mean castle on a mean hill in a mean country in a mean continent in a mean world in a mean solar system in a mean galaxy in a mean universe in a mean dimension
as you do