Flexible-premium annuity
Flexible-premium annuity is an annuity contract that permits the owner to vary the size and frequency of premium payments.
The amount of retirement income depends on the accumulated sum in the annuity at retirement.
Category: Banking & Finance
Previous: ← Fixed-period option
More from this Section
- Treasury notes
Treasury notes is the coupon instruments issued by the U.S. government, with original ... - Retire (a Bill of Exchange)
Retire (a Bill of Exchange) is to pay, or take up before maturity, usually under rebate ... - Costly state verification
Costly state verification means monitoring a firm’s activities, an expensive process ... - Overnight cash rate
Overnight cash rate is the interest rate for very-short-term interbank loans in the euro ... - Deductive expense
Deductive expense refers to an expense that the taxpayer uses to reduce taxable income ...