fixed annuity
61Charitable 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 …
62variable annuity — an annuity in which the premiums are invested chiefly in common stocks or other securities, the annuitant receiving payments based on the yield of the investments instead of in fixed amounts. * * * …
63charitable gift annuity — A contract with a charity under which someone transfers assets to the charity in return for a promise to receive fixed payments for life (or, commonly, for the life of the donor and the donor s spouse). The donor can take an income tax deduction… …
64Term Certain Annuity — An insurance product that guarantees a periodic payment of a predetermined amount for a fixed term. Once the term has elapsed, these products are spent and offer no possibility of any future payments, even if the annuitant is still alive.… …
65Whole Life Annuity — A financial product sold by insurance companies that pays monthly, quarterly, semiannual or annual payments to a person for as long as he or she lives. Annuities are usually purchased by investors who want to secure some type of income stream… …
66life annuity — An annuity that pays a fixed amount for the lifetime of the annuitant. Bloomberg Financial Dictionary …
67Single-Premium Deferred Annuity — ( SPDA) An IRA like annuity into which an investor makes a lump sum payment that is invested in either a fixed return instrument or a variable return portfolio, which is taxed only when distributions are taken. Bloomberg Financial Dictionary …
68certain annuity — terminable annuity A form of investment contract that pays fixed sums at scheduled intervals to an individual after he or she attains a specified age; it runs for a specified number of years …
69Deferred nominal life annuity — A monthly fixed dollar payment beginning at retirement age. It is nominal because the payment is fixed in dollar amount at any particular time, up to and including retirement. The New York Times Financial Glossary …
70deferred nominal life annuity — A monthly fixed dollar payment beginning at retirement age. It is nominal because the payment is fixed in a dollar amount at any particular time, up to and including retirement. Bloomberg Financial Dictionary …
