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  • noun

Synonyms for annuity

income from capital investment paid in a series of regular payments

References in periodicals archive ?
Several scam victims testified they were never told they would incur any charges for replacing their existing annuities before they matured but were told only the new annuities would have higher interest rates.
Annuities are created and sold by financial institutions, which accept and invest funds from individuals and then, upon annuitization, issue a stream of payments at a later point in time.
Such contracts have been called immediate annuities, although they now may be labeled income annuities or payout annuities because those labels may be more appealing to consumers.
The regulatory shift had an especially negative effect on sales of annuities for use in individual retirement accounts (IRAs), Giesing said.
"Unlike the last several years where indexed annuities propelled overall fixed annuity growth, in 2016, fixed-rate deferred was the primary driver of fixed sales in 2016," said Todd Giesing, assistant research director, LIMRA Secure Retirement Institute.
Immediate Annuities: These annuities are designed to guarantee owners a predetermined income stream on a monthly, quarterly, semiannual or annual basis in exchange for a lump sum.
The Voya Quest series of annuities allows individuals to grow their assets based on potential earnings linked to the performance of an index or benchmark, specifically the S&P 500 Index.
A Third Circuit appeals court has taken an important step toward ensuring that long-term care expenses can be met using annuities -- even short-term annuities purchased specifically to cover expenses incurred during periods when the client is ineligible for Medicaid coverage.
First, participants can be directed to external annuities outside of the plan.
This author's May 2012 CPA Journal article, "Choosing an Annuity: What Accountants Need to Know," remains a comprehensive primer on the various types of annuities available to individuals and discusses in detail estate and income tax treatments of those annuities.
Does this mean that annuities will fall further out of favour?
According to a recent study conducted by Beacon Research, rising interest rates coupled with the steepest yield curve in close to two years afforded carriers the opportunity to increase the rates they offered on fixed and indexed annuities.
However, there are some trade-offs to bear in mind with joint annuities such as the possibility of lower rates.