What is the Definition of Hybrid Annuity?

What is the Definition of Hybrid Annuity?

An annuity with features of both fixed and variable annuities. (See Fixed annuity; variable annuity)

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 Annuity?

What is the Definition of Hybrid Annuity?

What is the Definition of Hybrid Annuity?

You can find random definition and meaning of insurance terms below:

Meaning of Lapse in Insurance Terms

The termination of an insurance policy because a renewal premium is not paid by the end of the grace period.

Meaning of Law Of Large Numbers in Insurance Terms

The theory of probability on which the business of insurance is based. Simply put, this mathematical premise says that the larger the group of units insured, such as sport-utility vehicles, the more accurate the predictions of loss will be.

Meaning of Life Annuity in Insurance Terms

A type of annuity contract that guarantees periodic income payments throughout the lifetime of a named individual—the annuitant. If a life annuity provides no further benefits after the death of the annuitant, the annuity is known as a straight life annuity. However, some life annuities provide that income payments will be paid either for the life of the annuitant or for a guaranteed period—life income with period certain—or at least until a guaranteed amount has been paid—life income with refund annuity. (See Life annuity with period certain; Life income with refund annuity; Straight life annuity)

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