Phrases with «annuity account»

An annuity account is a kind of bank account where you deposit money regularly, and it grows over time with interest. You can't take out the money all at once, but instead, it pays you regular amounts of money for a fixed period or for the rest of your life. Full definition

Sentences with «annuity account»

  • In response to market demand, several insurance companies are offering annuity accounts with a guaranteed death benefit rider. (ohioinsureplan.com)
  • Moreover, ongoing expenses of annuity account management are half again as large as those of conventional mutual funds. (havenfinancial.com)
  • Just as banks impose fees for low balances, insurance companies may also charge a fee if the variable annuity account falls below a minimum maintenance threshold. (brighthousefinancial.com)
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