annuity beneficiary
21Named Beneficiary — This term refers to any beneficiary named in a will, a trust, an insurance policy, pension plan accounts, IRAs, or any other instrument, to whom benefits are paid. Named beneficiaries are the beneficial owners of the property and will share in… …
22survivorship annuity — noun an annuity payable to one person in the event that someone else is unable to receive it • Syn: ↑reversionary annuity • Hypernyms: ↑annuity, ↑rente * * * noun : an annuity payable to a designated person in the event he survives an insured… …
23charitable remainder annuity trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. charitable remainder annuity trust …
24single life annuity — An annuity covering one person. A straight life annuity provides payments until death, while a life annuity with a guaranteed period provides payments until death or continues payments to a beneficiary for a guaranteed term, such as ten years.… …
25Joint Life With Last Survivor Annuity — An insurance product that, when annuitized, makes payments to the annuitant, the annuitant and his/her spouse, or the annuitant and another beneficial party until both the annuitant and his/her spouse have passed away. These annuities are not… …
26Inflation-Protected Annuity - IPA — An annuity investment that guarantees a real rate of return at or above inflation. The real rate of return is the nominal return, less the inflation rate, thus protecting annuitants and beneficiary investors from inflation. Inflation protected… …
27single-life annuity — /ˌsɪŋg(ə)l laɪf ə nju:ɪti/ noun an annuity which is paid only to one beneficiary, and stops when he or she dies (as opposed to a ‘joint life annuity’) …
28perpetual annuity — An annuity granted in fee. Anno: 54 ALR2d 373 § 6. An annuity to continue for an unlimited time without interruption; one to be enjoyed longer than the lifetime of the first taker or beneficiary. 4 Am J2d Annui § 7 …
29Charitable Remainder Annuity Trust — A Charitable Remainder Annuity Trust, is a Planned Giving vehicle that entails a donor placing a major gift of cash or property into a trust. The trust then pays a fixed amount of income each year to the donor or the donor s specified beneficiary …
30refund annuity — Insurance. an annuity providing for a lump sum payment or installment payments to the beneficiary for the amount remaining of the purchase price at the death of the annuitant. * * * …
