What is the Definition of Annuity Beneficiary?

What is the Definition of Annuity Beneficiary?

In certain types of annuities, a person who receives annuity contract payments if the annuity owner or annuitant dies while payments are still due.

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 Annuity Beneficiary?

What is the Definition of Annuity Beneficiary?

Check out other definition of insurance terms below:


What is the Meaning of NEGLIGENCE In Insurance Terms?

A failure to exercise the legally required degree of care of others, resulting in harm or damage.


What is the Meaning of NET ANNUITY COST In Insurance Terms?

A monetary amount equal to the present value of future periodic payments under an annuity contract, calculated on a net basis, without any specific provision for expense loading. Contrast with Gross annuity cost. (See Annuity cost)


What is the Meaning of NET PAYMENT COST COMPARISON INDEX In Insurance Terms?

A cost comparison index used to compare life insurance policies that takes into account the time value of money and that measures the cost of a policy over a 10or 20-year period assuming the policy owner pays premiums over the entire period. Contrast with Surrender cost comparison index.


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