What does 'annuity' mean?

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-noun, plural -ties. 1. a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient's life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment. 2. the right to receive such an income, or the duty to make such a payment or payments.
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What are annuities?

There can be a few different definitions but in short as it applies to insurance or financial services:. Two Main Annuity Types: Immediate and Deferred . The difference be

What is annuity?

Technically, the term "annuity" means "a series of payments over time, where the original investment and interest will be distributed over the annuity payout period". However,

What does annuity mean on a bank statement?

I'm in the same boat. I have an annuity credit of 25k on my bank statement at BOA. I called them and I asked the branch rep! No one knows. The only think I am leaning toward i

What is the meaning of perpetual-annuity?

a perpetual annuity is an annuity that continues forever- it has an infinite life.That is every year from its establishment this investment pays the same dollar amount.An exam

Who can have an annuity?

According to www.retireright.co.uk , anyone who has someform of retirement income which is capable of being paid out in alump sum can have an an annuity. . Think of an annui

What is a income annuity?

This is a type of plan that will make scheduled payments of income to you over a period of time that you choose by making an investment into the annuity plan. You can find som

What is the meaning of annuity guaranteed for 5 years and for life thereafter?

Currently the following options are available under LIC's immediate annuities: 1. Annuity for life : The annuity is paid to the life assured as long as he/she is alive.

What are annuity rates and what do they do?

Annuity rates allow you to pay off a specific amount of money over an extended period of time. If you don't have all the money at one point, you can gradually pay it off later

How do you get an annuity?

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What does it mean the the next annuity payment will be fully taxable?

If this a payment to you from your annuity then the total amount of the payment being made to you is from the interest you made during the growth of the annuity. Since the int

What is the meaning of variable annuities?

A Variable Annuity is an insurance contract in which at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments ca

What does it mean to have an insurance annuity?

An insurance annuity is a financial product in the form of an insurance product according to which a seller makes a series of future payments to a buyer in exchange for the im

What is an annuity do?

What is a life annuity? A life annuity provides a regular income stream. You will enjoy a steady stream of income for life along with the security that you will never outlive