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.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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

• The Producer shall contribute to the IATSE Annuity Fund an amount equal to 5.5% of the applicable straight time hourly scale rate of pay for all hours worked or guaranteed on behalf of each employee.

• For purposes of the Plan, other than for purposes of determining eligible hardship distribution expenses, an individual is treated as Spouse only if such individual was married throughout the one year period ending on the earlier of the Annuity Starting Date or the date of the Participant's death.

• The custodian under this Agreement is The Variable Annuity Life Insurance Company.

• If the Plan applies the Joint and Survivor Annuity rules, then the normal form of annuity will be a joint and 50% survivor annuity (i.e., if 31.g. or 31.h. is selected) and the Pre-Retirement Survivor Annuity will be equal to 50% of a Participant's interest in the Plan unless selected below (select 1.

• If a certain period annuity is available, the certain period may not extend beyond the life expectancy of a Participant or the joint life expectancy of a Participant and any contingent annuitant, as determined on the Annuity Commencement Date.

More Definitions of Annuity

Annuity means payments for life derived from accumulated

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 contributions made by a member as provided

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 the

Annuity means a fixed annuity or variable annuity that is individually solicited, whether the product is classified as an individual or group annuity.