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

Tax Assessor

Government official who values real estate property for tax purposes and ascertains the annual prope ...

Section 105 Of The Internal Revenue Code

Federal statute that permits the self-employed a 100% tax deduction for the family health care expen ...

Cash Throw-off

Difference between cash revenue less cash expenses before taxes associated with rental property or a ...

Cost Of Protection

Same as term Cost of Insurance: value or cost of the actual net protection, in life insurance, in an ...

Extended Reporting Period Insurance (erpi)

Policy underwritten on either a monoline primary insurance or monoline excess insurance basis that w ...

Direct Recognition

Immediate taking-into-account of present interest rates, mortality experience, and expenses in premi ...

Related Real Estate FAQ

What Is A Subdivision?

A subdivision is a piece of land divided into several plots in which homes are built. ...

What Is A Mortgagee?

A morgagee is the lender. ...

What Does A Back-end Ratio Mean?

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

What Is A Front-end Ratio?

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest ...

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

What Is A Home Warranty?

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

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

Home Prices - The Extra Costs How To Choose A Realtor Getting Ready to Sell? Don't make these DIY Mistakes! 6 Reasons you are not selling properties Foreclosure - The Pros and Cons of Buying

FAQ

What is a buyer's agent? What are basis points? What is the difference between a real estate broker and a real estate agent? What is a counteroffer? What is a title search?