Annuity definition

Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

Annuity means an annuity that is an insurance product under State law that is individually solicited, whether the product is classified as an individual or group annuity.

Annuity means an agreement to make periodical payments for a period certain or

Examples of Annuity in a sentence

• If Client has purchased a Variable Annuity that is part of the Account, Client acknowledges that Client has received the prospectus and is relying solely on the disclosure contained in the prospectus with respect to the terms and conditions of the Variable Annuity.

• If a separate check made payable to the Variable Annuity sponsor is not attached, Client hereby authorizes and instructs IAR and LPL to withdraw funds from the Account in the form of a check made payable to the Variable Annuity sponsor.

• The Account Fee will not be withdrawn or deducted by LPL from any Variable Annuity that is part of the Account.

• Client understands that certain riders purchased with a Variable Annuity may limit the investment options and the ability to manage the subaccount.

• For example, Variable Annuity, Hedge Fund and Managed Future positions are often held directly with the investment sponsor.

More Definitions of Annuity

Annuity means payments for life derived from contributions made by a contributor and paid from the annuity and pension reserve fund as provided in this chapter. All annuities shall be paid in twelve equal monthly installments.

Annuity means payments for life derived from accumulated

Annuity means the moneys payable per year during life by

Annuity means an agreement to make periodical payments for a period certain or over the lifetime of one or more individuals if the making or continuance of all or some of the series of the payments, or the amount of the payment, is dependent upon the continuance of human life.

Annuity means payments for life derived from contributions made by a member as provided

Annuity means payments for life derived from the

Annuity means monthly payments derived from member contributions.