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Annuity is a set of payments of a set size and frequency, usually made to someone who is retired. They are most often made annually, either for a person's lifetime or for a set period of time.
Wiki User
∙ 10y ago
Wiki User
∙ 9y agoA statement that defines an annuity is that it is an annual payment of an income or allowance. It is also an agreement or contract by which a person gets fixed payments on an investment for a certain number of years or for their lifetime.
Wiki User
∙ 9y agoThe statement that defines annuity is a fixed sum of money that is paid to a person every year for the rest of their lives. This is considered to be an insurance to get some annual payments.
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What is the definition of a single premium immediate annuity?
Single premium immediate annuity is when one gives an insurance company an upfront payment or deposit and they straight away begin to pay you a monthly income. One can get them from a number of financial service companies.
What does acronym TSA stand for?
The acronym TSA can have many definitions, depending upon the context. A definition that would be understood nationwide would be the Transportation Security Administration. The TSA is the overseeing agency for all transportation in the United States. Another common definition of the acronym TSA, as found in the financial field, is Tax Sheltered Annuity. There are over 130 recognized definitions of the acronym TSA.
What is the definition of stipulative?
stipulative definition is stipulative definition
What is the definition of unbounded region?
definition feasible region definition feasible region
What are the two types of definition?
the two types of definition are the formal and informal definition.
What is the definition of "axa variable annuity"?
The definition of AXA Variable Annuity is a life insurance policy that give the option of market appreciation. It gives you a variety of investment options with your policy.
What is the definition of variable annuity funds?
A variable annuity of funds allows for you to invest funds with an insurance company. When you invest your funds, you are able to pick which investments you would like your funds to go into.
What is a variable annuity definition?
The definition of a variable annuity is basically a contract between you and the insurance company where you agree to purchase the annuity. In doing so you make 1 or 2 payments. Then the money is invested into a variety of investment options. The insurance company agrees to pay you income payments at some point in the future. That time can last a long or short period or for the rest of your life.
Do you pay taxes on income earned in an annuity?
If the annuity is a non qualified tax deferred annuity (an annuity that taxes were paid on the money before they were placed into the annuity) you will pay taxes on any interest growth when it is removed from the annuity. If the annuity is a qualified annuity (no taxes were paid prior to placing the fund into the annuity) you will pay taxes on all withdrawals from the annuity.
What is the definition of a single premium immediate annuity?
Single premium immediate annuity is when one gives an insurance company an upfront payment or deposit and they straight away begin to pay you a monthly income. One can get them from a number of financial service companies.
Where can one find the definition of deferred annuities?
Deferred annuities are either fixed or variable. A deferred annuity is where one deposits funds with an annuity company. Taxes on any financial gains made by your investments are deferred until you withdraw your funds.
What is the definition of Variable Annuity?
I found different sites with definitions for annuity variables. Investopedia states that an annuity variable is, "an insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio." (http://www.investopedia.com/terms/v/variableannuity.asp#axzz1bw9FbZ8G)
What is the primary difference between an annuity and a compound annuity?
difference between an annuity and a compound annuity?Read more: What_is_the_primary_difference_between_an_annuity_and_a_compound_annuity
What gains more interest an ordinary annuity or an annuity due?
ordinary annuity
What is monthly annuity?
The option to get annuity every month is called monthly annuity.
What The differences between ordinary annuity and annuity due?
ordinary annuity we paid at the end of the period annuity due we paid at the begging of the period
What The difference between ordinary annuity and annuity due?
ordinary annuity we paid at the end of the period annuity due we paid at the begging of the period
