Phrases with «annuity owner»

An annuity owner is a person who has bought or owns an annuity, which is a financial product. It is a contract between the owner and an insurance company, where the owner pays a certain amount of money to the insurance company, and in return, they receive regular payments in the future. The annuity owner is the person who receives these payments from the insurance company. Full definition

Related phrases

Sentences with «annuity owner»

  • Living benefits can help protect variable annuity owners from running out of money in retirement. (ufcu.pfyfn.com)
  • That's because a portion of the money is allocated to investment options within the annuity, which annuity owners and their advisors can diversify according to their individual needs and risk tolerance. (brighthousefinancial.com)
  • The spouse of a deceased annuity owner can take the death benefit in the same manner as any other beneficiary with the same income tax liability results. (pocketsense.com)
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