What is the Definition of Annuitization?

What is the Definition of Annuitization?

The conversion of the account balance of a deferred annuity contract to income payments.

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 Annuitization?

What is the Definition of Annuitization?

Check out other definition of insurance terms below:


What is the Meaning of NUCLEAR INSURANCE In Insurance Terms?

Covers operators of nuclear reactors and other facilities for liability and property damage in the case of a nuclear accident and involves both private insurers and the federal government.


What is the Meaning of NURSING HOME INSURANCE In Insurance Terms?

A form of long-term care policy that covers a policyholder’s stay in a nursing facility.


What is the Meaning of OCCUPATIONAL DISEASE In Insurance Terms?

Abnormal condition or illness caused by factors associated with the workplace. Like occupational injuries, this is covered by workers compensation policies. (See Workers compensation)


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