What is the Definition of Annuity Contract?

What is the Definition of Annuity Contract?

An agreement similar to an insurance policy for other insurance products such as auto insurance.

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 Contract?

What is the Definition of Annuity Contract?

Check out other definition of insurance terms below:


What is the Meaning of MUNICIPAL BOND INSURANCE In Insurance Terms?

Coverage that  guarantees bondholders timely payment of interest and principal even if the issuer of the bonds defaults. Offered by insurance companies with high credit ratings, the coverage raises the credit rating of a municipality offering the bond to that of the insurance company. It allows a municipality to raise money at lower interest rates. A form of financial guarantee insurance. (See Financial guarantee insurance)


What is the Meaning of MUNICIPAL LIABILITY INSURANCE In Insurance Terms?

Liability insurance for governments and government agencies. Coverages range from general liability to public officials er   rors and omissions to environment liability.


What is the Meaning of MUTUAL HOLDING COMPANY In Insurance Terms?

An organizational structure that provides mutual companies with the organizational and capital raising advantages of stock insurers, while retaining the policyholder ownership of the mutual.


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