Level Premium Group Annuity


Definition of "Level premium group annuity"

Melody Smedick, Broker/Owner
Melody Smedick, Broker/Owner Preferred Real Estate Group

Type of premium plan under which the employer (if noncontributory plan) or the employer and employee (if contributory plan) make level annual premium payments to fund the future retirement benefits of the employee, through a group deferred annuity, plus a group life insurance policy on the employee, usually held in the trust.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Accident-year Statistics

Record of losses and premiums received for accident coverage within a 12-month period. These statistics show the percentage of each premium received t ...

Shore Clause

Provision in marine insurance listing onshore perils covered. In the case of marine cargo, these may include such occurrences as damage from flooding, ...

Single Interest Policy

Property insurance coverage for only one of the parties having an insurable interest in that property. ...

Mortality Risk

Measure of the sensitivity of the insurance company's liability for resultant higher mortality rates than charged for in the premium. ...

Asset Valuation Reserve (avr)

Explicit liability reserve, required by the national association of insurance commissioners (naic), established for all invested asset classes. Specif ...

Matured Endowment

Endowment period of time, in life insurance, at which the face amount of the policy is payable to the insured. ...

Popular Real Estate FAQ

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

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

Why Right Now is a Good Time for Millennials to Buy a Home Why Use a Real Estate Agent? Find Your Real Estate Agent Niche: Vacation Homes When to Dispute Your Home Appraisal Home Prices - The Extra Costs

FAQ

What do I need to know about RV Insurance? What is a balloon mortgage? What does an appraisal mean? What is a term? What is an investment property?