What is the Definition of Annuity Cost?
A monetary amount that is equal to the present value of future periodic income payments under an annuity. (See Gross annuity cost; Income date; Net annuity cost)
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 Cost?
Check out other definition of insurance terms below:
What is the Meaning of MORTALITY AND EXPENSE (M&E) RISK CHARGE In Insurance Terms?
A fee that covers such annuity contract guarantees as death benefits.
What is the Meaning of MORTALITY RATE In Insurance Terms?
A percentage rate at which death occurs among a defined group of people of a specified age and sometimes of a specified gender. Insurers base the premiums for life insurance in part on the mortality rate for a proposed insured’s age group. Contrast with Morbidity rate.
What is the Meaning of MORTGAGE GUARANTEE INSURANCE In Insurance Terms?
Coverage for the mortgagee (usually a financial institution) in the event that a mortgage holder defaults on a loan. Also called private mortgage insurance (PMI).
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