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

• No Withdrawal Values or death benefits provided by this Contract shall be less than the minimum benefits required by Section 7 of the Variable Annuity Model Regulation, Model 250, Standard Nonforfeiture Law for Individual Deferred Annuities, Model 805, or applicable successor provision, as amended, and using the nonforfeiture interest rate prescribed in the law of the state in which the Contract is delivered or issued for delivery.

• Annuity Payments may be available on a monthly, quarterly, semiannual, or annual basis.

• On the Maturity Date You specified, the Company will make either a lump sum payment or start to pay a series of payments based on the Annuity options You select.

• In such case, the amount paid or contributed by the employer shall not constitute consideration paid by the employee for the Contract for purposes of determining the amount of Annuity Payments required to be included in the employee's gross income.

• ANNUITY OPTIONS You or a Participant, if authorized, may elect any one of the following Annuity options.

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

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 the

Annuity means a non-commutable life annuity contract that is issued or issuable by an insurance company to provide, on a deferred or immediate basis, a series of periodic payments for the life of the annuity holder or for the lives jointly of the annuity holder and the annuity holder's spouse;