What is the Definition of Annuity Purchase Rate?

What is the Definition of Annuity Purchase Rate?

The cost of an annuity based on such factors as the age and gender of the contract owner.

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 Purchase Rate?

What is the Definition of Annuity Purchase Rate?

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What is the Meaning of MEDICAL PAYMENTS INSURANCE In Insurance Terms?

A coverage in which the insurer agrees to reimburse the insured and others up to a certain limit for medical or funeral expenses as a result of bodily injury or death by accident. Payments are without regard to fault.


What is the Meaning of MEDICAL UTILIZATION REVIEW In Insurance Terms?

The practice used by insurance companies to review claims for medical treatment.


What is the Meaning of MEDICARE In Insurance Terms?

Federal program for people 65 or older that pays part of the costs associated with hospitalization, surgery, doctors’ bills, home health care and skilled nursing care.


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