Refund Annuity


Definition of "Refund annuity"

Kim Kenton
  Waterman Real Estate

Form of annuity returning premiums plus interest to a beneficiary if the annuitant dies during the accumulation period. A refund annuity costs more than a pure annuity. If the annuitant dies during the liquidation period, benefits paid to any beneficiary depend on whether the refund annuity is in the form of a life annuity certain, INSTALLMENT REFUND ANNUITY, or CASH REFUND ANNUITY,


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Interior Trim

Interior building trim surrounding windows, doors, and baseboards. Interior trim is both decorative ...

Bracket

Any structure projecting from a wall or other vertical element for the purpose of providing support ...

Fronting Company

Same as term Fronting: procedure under which the CEDING COMPANY (the primary or fronting company) ce ...

Proceeds From Resale

Same as term resale proceeds: Net amount received when property is sold. It equals the selling price ...

Frozen Keogh Plan

Plan to which contributions are not being made, but which has not been formally terminated. The free ...

Empirical Probability

Mathematical relationship resulting from experimentation. For example, the probability distribution ...

Related Real Estate FAQ

What Is A Home Warranty?

A home warranty is a guarantee for certain features of a new home-for instance, the materials and wo ...

What Is Flood Insurance?

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

What Is Earnest Money?

Earnest money is a deposit you make when you make an offer on a house. ...

What Do I Need To Know About Term Life Insurance?

Provides financial protection for a limited, specified period of time, at a lower cost than permanen ...

What Is A Term?

A term is the length of a loan. ...

Should I Pay Extra Each Month?

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

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

What is Hazard Insurance? Rent or Buy - the pros and cons How To Choose A Realtor Why Right Now is a Good Time for Millennials to Buy a Home Top Five Reasons Your Home Offer was Rejected

FAQ

What is an origination fee? What is a buyer’s agent? What are my coverage options? What is a Ginnie Mae? What do I need to know about Group Health Insurance?