Flexible Premium Annuity


Definition of "Flexible premium annuity"

Candy Harris
  Real Estate One

Annuity with no fixed schedule for payment of premiums. For example, premiums can be paid for 10 straight months, then not paid for the next 10 months, then paid every other month, or any combination thereof.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Cancellable

Same as term Cancel: termination of a policy. Contract may be terminated by an insured or insurer ...

American Annuity Table, 1995

A historical mortality table used to calculate premium rates for deferred annuities and optional mod ...

Accounting

Same as term: generally accepted accounting principles (GAAP): ...

Promissory Note

Formal, written, unconditional promise to pay on demand or at a future date a definite sum of money. ...

Commercial Broker

Real estate broker specializing in the listing and selling of commercial property. This property can ...

Guardian

Individual who is legally responsible for taking care of another individual (s) who is deemed to be ...

Related Real Estate FAQ

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usu ...

What Is A Mortgage?

A mortgage is a legal document that pledges your property as security (like collateral) for a loan. ...

What Is A Balloon Mortgage?

A type of mortgage in which the loan amount is amortized over the full length of the loan (usually 3 ...

Should I Pay Extra Each Month?

This calculator figures how much interest savings you will have depending on how much extra you pay ...

What Are Comparables Or Comps?

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

What Is Flood Insurance?

Flood insurance is insurance that compensates for the physical property damage resulting from rising ...

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

How To Get A Loan with Bad Credit Top Five Reasons Your Home Offer was Rejected Mortgage Loan Types Is it better to buy or sell a home first Should you Buy a Home with Cash?

FAQ

What is a credit report? What is an interest rate? What are the benefits of Commercial Auto Insurance? What is a deed? What does Travel Insurance Typically Cover?