Annuity Contract definition
Annuity Contract means a contract under which the issuer agrees to make payments for a period of time determined in whole or in part by reference to the life expectancy of one or more individuals. The term also includes a contract that is considered to be an Annuity Contract in accordance with the law, regulation, or practice of the jurisdiction in which the contract was issued, and under which the issuer agrees to make payments for a term of years.
Annuity Contract means an agreement concluded between an insurer in the course of the business of such an insurer and a natural person (hereinafter referred to as the purchaser), in terms of which -
Annuity Contract means a fixed or variable annuity contract, other than a fixed or variable annuity contract issued (1) in connection with an employment- based plan subject to the Employee Retirement Income Security Act of 1974 or
Examples of Annuity Contract in a sentence
For purposes of this calculation: (a) the fair value of a Mortality Contract may never exceed the purchase price of the Mortality Contract plus any premiums paid thereon, and (b) the fair value of an Annuity Contract may never exceed the purchase price of the Annuity Contract less any dividends received, therefore.
More Definitions of Annuity Contract
Annuity Contract means a contract under which the issuer agrees to make payments for a period of time determined in whole or in part by reference to the life expectancy of one or more individuals and includes a contract considered to be an annuity contract in accordance with the law, regulation or practice of the jurisdiction in which the contract was issued and under which the issuer agrees to make payments for a term of years;
Annuity Contract means any annuity contract, funding agreement, guaranteed investment contract or similar contract, and forms with respect thereto, issued, assumed or reinsured by any of the Insurance Companies.
Annuity Contract means the following annuity contract(s) purchased and solely owned by the Bank: [a Flexible Premium Indexed Deferred Annuity Contract issued by Insurance Company, contract # and issued by Insurance Company, contract # or such other annuity contracts as the Bank may purchase from time to time].
Annuity Contract means an annuity contract described in Section 403(b) of the Internal Reve- nue Code that is available to employees as described in Section 770.3 of the Insurance Code.
Annuity Contract means a contract providing for the payment of an individual of a life annuity, and "registered annuity contract" means one which has been registered with the Commissioner in such manner as may be prescribed;
Annuity Contract means a nontransferable group or individual contract as defined in Code Sections 403(b)(1) and 401(g), established for each Participant by the University, or by each Participant individually, that is issued by an insurance company qualified to issue annuities in a State and that includes payment in the form of an annuity.
Annuity Contract means the following annuity contract(s) purchased and solely owned by the Bank: Flexible Premium Indexed Deferred Annuity Contracts issued by National Western Life Insurance Company, contract #01E7017226, and any such other annuity contracts or other asset as the Bank may purchase from time to time as a Replacement Annuity under this Plan.