What is the Definition of Annual Annuity Contract Fee?

What is the Definition of Annual Annuity Contract Fee?

Covers the cost of administering an annuity contract.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Insurance?

What is the Definition of Annual Annuity Contract Fee?

What is the Definition of Annual Annuity Contract Fee?

Check out other definition of insurance terms below:


What is the Meaning of ORDINARY LIFE INSURANCE In Insurance Terms?

A life insurance policy that remains in force for the policyholder’s lifetime.


What is the Meaning of OVER-THE-COUNTER/OTC In Insurance Terms?

Security that is not listed or traded on an exchange such as the New York Stock Exchange. Business in over-the-counter securities is conducted through dealers using electronic networks.


What is the Meaning of PACKAGE POLICY In Insurance Terms?

A single insurance policy that combines several coverages previously sold separately. Examples include homeowners insurance and commercial multiple peril  insurance.


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