Annuity Consideration

Definition

  • The payment or payments made to purchase an annuity. An annuity consideration can be made as a single lump-sum payment or as a number of smaller payments. Also known as a "premium."

Synonyms
annuity payment options, annuity payments, annuity premiums

Related Terms and Acronyms

  • Annuitization Definition,
    • The process of turning a retirement plan or annuity into income in the form of periodic payments or a single lump sum.
  • 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.
  • 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.
  • Future Value of an Annuity (FVA) Acronym,
    • The value of an annuity at some future date.
  • Instalment Definition,
    • The regular periodic payment that a borrower agrees to make the lender.
  • Investment in the Contract Definition,
    • The principal that has been contributed to an annuity.
  • Lump Sum Payment Definition,
    • One-time single-sum payment or payout.
    • An extra payment made to reduce a loan.
  • Premium Definition,
    • A payment made to an insurance company for insurance coverage.
  • Present Value Interest Factor of Annuity (PVIFA) Acronym,
    • A method used to find an annuity's present value.
  • Single Premium Deferred Annuity (SPDA) Acronym,
    • A deferred annuity funded with a single payment.
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