The reason many companies select single premium group annuities as opposed to setting up many different individual annuities is because it is simply faster and more convenient to just set up one. (insuranceopedia.com)
In the context of insurance, many businesses pay insurance companies to set up single premium group annuities for employees at their company as a way to provide benefits for the employees. (insuranceopedia.com)
His last employer offered low premium group life insurance benefits because of his full - time status. (bestlifequote.com)