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

  • The County Employees and Officers Annuity and Benefit Fund will be continued in effect for the duration of this Agreement, and all employees of the County are required to become members of that Fund.

  • The Maricopa Fixed Option consists of the Nationwide Life Insurance Company Governmental Plans Fixed Annuity (APO-2425) and the Nationwide Life Insurance Company Group Flexible Purchase Payment Deferred Managed Separate Account Annuity Contract (NRC-0100AO.1).

  • An exchange is the movement of money between the Nationwide® Life Fixed Annuity options, Variable Annuity options and/or the mutu- al fund investment options available within the plan.

  • All new deferrals will be con- tributed to the Nationwide Life Insurance Company Group Flexible Purchase Payment Deferred Managed Separate Account Annuity Contract.

  • The total contribution to the Asbestos Workers Local 31 Pension Fund and Asbestos Workers Local 6 Annuity Fund shall equal the contribution to the Asbestos Workers Local 6 Pension Fund and Local 6 Annuity Fund in the Boston area.


More Definitions of Annuity

Annuity means payments for life derived from accumulated
Annuity means the moneys payable per year during life by
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 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