Fixed Dollar Annuity
Annuity that guarantees that a specific sum of money will be paid in the future, usually as monthly income, to an annuitant. For example, a $1000-a-month income benefit will be paid as long as the annuitant lives; the dollar amount will not fluctuate regardless of adverse changes in the insurance company's mortality experience, investment return, and expenses.
Popular Insurance Terms
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Document used to sign up employees for plans such as salary savings, life insurance, or other employee benefits. ...
Historical record of dividends paid. ...
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