What is the Definition of Annuity Cost?

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?

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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