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?
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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