Group Annuity


Definition of "Group annuity"

Lisa Williams
Lisa Williams Century 21 Olympian- Fort Bend

Contract providing a monthly income benefit to members of a group of employees. A group annuity has the same characteristics as an individual annuity, except that it is underwritten on a group basis.

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Popular Real Estate Terms

Single Premium Group Annuity

One premium payment made to fund the future benefits of a group of employees. ...

Group Annuity Table, 1951

First historical mortality table used for the calculation of premium rates for group annuities. This table was subsequently replaced by the group annu ...

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Retirement income payments for an employee that begin after a stipulated future time period, and continue for life. (A beneficiary of a deceased annui ...

Group Annuity Table, 1971

Historical mortality table that replaced the group annuity table, 1951, whose statistics at that time were more current than the replaced table. This ...

Level Premium Group Annuity

Type of premium plan under which the employer (if noncontributory plan) or the employer and employee (if contributory plan) make level annual premium ...

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