Phrases with «traditional annuity»

A "traditional annuity" refers to a type of financial product that provides a guaranteed income in retirement. It is typically offered by insurance companies, and the annuity holder makes regular payments or a lump sum in exchange for a future stream of income. This type of annuity follows a predictable and steady payment schedule, serving as a traditional long-term investment for retirement planning. Full definition

traditional annuity

Sentences with «traditional annuity»

These vehicles can best be viewed as «term» annuities that will pay out a straight monthly benefit at a later age without actually accumulating within a tangible contract like traditional annuities. (investopedia.com)
And, because interest credited to a fixed indexed annuity can be determined by a formula linked to a market index, the product offers the opportunity for increased interest over other traditional annuities. (fiainsights.org)
This is a non-linked traditional annuity plan that guarantees a regular stream of income post retirement. (policybazaar.com)
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Phrases with «traditional annuity»

Sentences with «traditional annuity»

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