annuity beneficiary
51insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …
52settlement option — An option provided for the insured under a life insurance policy, respecting the method and time of payment of the proceeds of the insurance. An option provided the annuitant under an annuity contract in reference to taking a straight annuity, an …
53Buy term and invest the difference — Buying term and investing the difference is a concept involving term life insurance and investment strategies that allow individuals to eventually Self Insure and provides an alternative to permanent life insurance. Generally speaking term… …
54Annuitant — 1. A person who receives the benefits of an annuity or pension. 2. The person upon whom a life insurance contract is based. 1. In other words, the annuitant is the beneficiary of an annuity or pension. 2. An annuitant can be the contract holder… …
55Guaranteed Earning Increase Death Benefit — A type of option that annuitants can purchase for their retirement annuities. This option would guarantee the beneficiary that the plan would receive an additional pre determined amount of money that would be above and beyond the death benefit in …
56Treaty of Old Crossing — By the Treaty of Old Crossing (1863) and the Treaty of Old Crossing (1864), the Pembina and Red Lake bands of the Ojibwe, then known as Chippewa Indians, purportedly ceded to the United States all of their rights to the Red River Valley. On the… …
57Sereboff v. Mid Atlantic Medical Services, Inc. — SCOTUSCase Litigants=Sereboff v. Mid Atlantic Medical Services, Inc. ArgueDate=March 28 ArgueYear=2006 DecideDate=May 15 DecideYear=2006 FullName=Joel Sereboff and Marlene Sereboff, Petitioners v. Mid Atlantic Medical Services, Incorporated USVol …
58annuitant — an·nu·i·tant /ə nü ə tənt, nyü / n: a person entitled to receive benefits or payments from an annuity Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. annuitant …
59life insurance — n: insurance providing for the payment of money to a designated beneficiary upon the death of the insured see also endowment insurance ordinary life insurance: whole life insurance in this entry straight life insurance …
60income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …
