Terms with Tag Annuity

  • Account Current Value (ACV)Acronym,
      In relation to retirement annuities.
    • Accumulation Period (AP) Acronym, Important,
      • The period where an investor continues to put money into his or her investment(s).
    • Advanced Rate Annuity® (ARA)Acronym,
        A registered trademark owned by Standard Insurance Company used in conjunction with their financial investment services.
      • Annuitant Definition,
        • An individual who owns or is the recipient of an annuity.
      • Annuitization Definition,
        • The process of turning a retirement plan or annuity into income in the form of periodic payments or a single lump sum.
      • Annuitization Options Definition,
        • The different income dispersal options available when annuitizing a retirement plan or annuity, such as the timeframe and list of beneficiaries.
      • Annuity Definition,
        • A regular periodic payment made by an insurance company to a policyholder for a specified period of time.
        • A financial instrument that disperses a number of payments over a set period of time.
      • Annuity Certain Definition,
        • A type of annuity that makes payments to the annuitant for a set term; payments stop when the agreed upon term ends, even if the annuitant is still alive after the term ends.
      • Annuity Consideration Definition,
        • The payment(s) made by an individual in order to accumulate value in an annuity.
      • Annuity Contract Definition,
        • A contract that outlines each party's responsibilities as they relate to an annuity.
      • Annuity Due (AD)Acronym, Important,
        • Annuity Factor Method Definition,
          • A way of determining the maximum amount an annuitant can withdraw from an annuity before penalties are applied.
        • Annuity in Advance Definition,
          • When payments are made at the start of a period as opposed to the end.
        • Annuity in Arrears Definition,
          • When payments are made at the end of a period as opposed to the start.
        • Annuity Ladder Definition,
          • A financial plan to purchase multiple annuities from different companies over a number of years in order to minimize interest rate risk and the risk of a total loss.
        • Annuity Mortgage (AM)Acronym,
          • Annuity Table Definition,
            • A table that can be used to find the future value of an annuity.
          • Beneficiary Definition,
            • An individual or entity chosen to receive benefits from a will, trust, deed or insurance policy.
          • Board Certified in Annuities (BCA)Acronym,
            • Cash Refund Annuity Definition,
              • An annuity that refunds any remaining balance to the beneficiaries or the annuitant's estate when the annuitant dies.
            • Certified Annuity Consultant (CAC)Acronym,
              • Certified Annuity Specialist (CAS) Acronym, Important,
                • A professional who is certified to provide investment advice about annuities to clients.
              • Charitable Gift Annuity (CGA) Acronym, Canada, Very Important,
                • A method to facilitate charitable giving whereby an individual transfers assets to a charity in exchange for a tax deduction and lifetime retirement income payments from the charity.
                A form of planned giving.
              • Commissioners Annuity Reserve Valuation Method (CARVM)Acronym,
                • Commissioners' Reserve Valuation Method Definition,
                  • A method used to determine the minimum statutory reserves for annuities and insurance products.
                • Commutation Definition,
                  • An option given to the beneficiaries of annuities and life insurance policies that allows them to modify the frequency and size of benefit payments.
                • Deferred Annuity Definition,
                  • An annuity that makes payments to the annuitant at some date in future instead of immediately.
                • Deferred Charitable Gift Annuity (DCGA)Acronym,
                  • Deferred Life Annuity (DLA)Acronym,
                    • Deferred Payment Gift Annuity (DPGA)Acronym, United States,
                        A US taxation term.
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