Annuitization Annuitization is a procedure through which installments of an annuity are received by the purchaser. It is another occurrence of changing an agreement's collection period into annuities
Charitable Gift Annuity Charitable Gift Annuities are annuities that let the donors reap their rewards for the rest of their life. Many factors influence the quantity of your payout, including your age
Single Life Annuity A Single Life Annuity, also known as Straight Life Annuity or Life Annuity, is a form of pension that is designed to provide assured payouts to a single person for the rest of the years.
Materials requirements planning (MRP) Materials requirements planning (MRP) is a computerized forecasting system used to plan the ordering of parts and materials for
Variable annuity Variable annuity whose periodic lifetime payments vary depending on the level of common stock prices (or other investments), based on the assumption that cost of living and common stock prices are correlated
Single-premium deferred annuity Single-premium deferred annuity is a retirement annuity that is purchased with a single premium with benefits to start at some future
Joint-and-survivor annuity Joint-and-survivor annuity based on the lives of two or more annuitants. The annuity income (either the full amount of the original income or only two thirds or one-half of the original income when the
Net annual level premium (NALP) Net annual level premium (NALP) is an annual level premium for a life insurance policy with no expense loading. Mathematically equivalent
Life annuity with guaranteed payments Life annuity with guaranteed payments refer pays a life income to the annuitant with a certain number of guaranteed payments.
Life insurance planning Life insurance planning is a systematic method of determining the insured’s financial goals, which are translated into specific amounts of life insurance, then periodically
Definition
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