Assumed Interest Rateassumed Investment Return Air


Definition of "Assumed interest rate/assumed investment return (air)"

Percentage return appropriated by the insurer for an immediate variable annuity when the insurer calculates the initial income payment to the annuitant. If the variable annuity's underlying portfolio has a net return greater than or less than the AIR, the income payments will increase or decrease accordingly.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

High-pressure Selling

Extremely aggressive behavior by an insurance agent to convince a prospect to purchase the insurance ...

Escrow Instructions

Written proposals and acceptances applicable to the aspects of the transaction. The escrow agent mus ...

Captive Agent

Representative of a single insurer or fleet of insurers who is obliged to submit business only to th ...

Indirect Loss

Loss that is not a direct result of a peril. For example, damage to property of a business firm woul ...

Appleton Rule

Regulation named after a former Superintendent of Insurance of New York State, and instituted in the ...

Group Deferred Annuity

Contract for retirements benefits in which an entire group of employees is underwritten, as opposed ...

Related Real Estate FAQ

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

What Is An Index?

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

What Is A Subdivision?

A subdivision is a piece of land divided into several plots in which homes are built. ...

What Is A Maintenance Fee?

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

What Does Travel Insurance Typically Cover?

Loss of luggage Loss of travel documents Cancellation and lost deposit expenses Medical expens ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

When to buy a house 6 Reasons you are not selling properties Top Five Reasons Your Home Offer was Rejected Should you Buy a Home with Cash? What Must I Disclose When Selling My Home?

FAQ

What is an appreciation? What is a Multiple Listing Service (MLS)? What is depreciation? What is a contingency? What is comprehensive homeowners insurance?