Impaired Risk Immediate Annuities

Definition of "Impaired risk immediate annuities"

Rodger  Dabish
  RE/MAX Classic

Income payments that are calculated based on the annuitant's life expectancy and adjusted to reflect the annuitant's medical circumstance. For example, a person age 63 may have a medical impairment that gives him or her the same life expectancy as that of a person age 73. The income payment can be increased accordingly to reflect the shorter life expectancy.

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