Annuity definition

Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

Annuity means an annuity that is an insurance product under State law that is individually solicited, whether the product is classified as an individual or group annuity.

Annuity means an agreement to make periodical payments for a period certain or

Examples of Annuity in a sentence

• Such direction of payments under the Annuity shall not be deemed to afford the Claimant or any Successor Payee any rights of ownership or control of the Annuity.

• All rights of legal ownership and control of the Annuity shall (subject to paragraph 9 of this Agreement) be and remain vested exclusively in MOSSCO; provided, however, that the Annuity shall be used by MOSSCO to fund the Periodic Payments and shall at all times be designated by MOSSCO on its records as being taken into account, under Section 130 of the Code, with respect to this Agreement.

• Such fringe benefits shall be limited to Health & Welfare, Pension and Annuity Funds.

• If the amount to be applied to purchase an Annuity is less than $5,000, or other amount as permitted by law, Nationwide may, instead of purchasing an Annuity, make a Cash Payment to the Participant, Beneficiary, or Contract Owner.

• If the withdrawal requested plus any applicable expense charges and taxes exceed the amount of the Guaranteed Fund, the amount of the Annuity will be limited to that which can be purchased by the amount of the Guaranteed Fund remaining after withdrawal of any tax or charges.

More Definitions of Annuity

Annuity means payments for life derived from contributions made by a contributor and paid from the annuity and pension reserve fund as provided in this chapter. All annuities shall be paid in twelve equal monthly installments.

Annuity means payments for life derived from accumulated

Annuity means the moneys payable per year during life by

Annuity means an agreement to make periodical payments for a period certain or over the lifetime of one or more individuals if the making or continuance of all or some of the series of the payments, or the amount of the payment, is dependent upon the continuance of human life.

Annuity means payments for life derived from contributions made by a member as provided

Annuity means monthly payments derived from member contributions.

Annuity means payments for life derived from the