Wraparound Annuity

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • sheltered annuity
  • umbrella annuity
  • tax-deferred annuity

Definition of Wraparound Annuity

  1. A type of annuity that gives the investor a great deal of control over how funds are invested after they have been collected in the accumulation phase.

Related Terms and Acronyms

  • Variable Annuity (VA) Acronym,
    • An annuity where the payments received by the annuitant in the income phase of the annuity vary depending on how well the insurer's investment portfolio has performed.
  • Tax Deferred Annuity (TDA) Acronym, Important,
    • A type of annuity where taxes are deferred until the annuitant decides to withdraw money from the annuity.
    More commonly known as a Tax Sheltered Annuity (TSA).
  • Deferred Annuity Definition,
    • An annuity that makes payments to the annuitant at some date in future instead of immediately.
  • Split-Funded Annuity Definition,
    • Two annuities purchased together, one with a deferred payout and the other with an immediate payout.
  • Immediate Payment Annuity Definition,
    • An annuity where payments to the annuitant start immediately after the annuity has been set up.
  • Annuity Definition,
    • A financial instrument that disperses a number of payments over a set period of time.
    • A regular periodic payment made by an insurance company to a policyholder for a specified 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.
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