google bot detected Refund Annuity | Insurance Glossary |

Refund Annuity

Definition of "Refund annuity"

Corey Frederic
  Coldwell Banker

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,

Related Real Estate Glossary terms

Related Real Estate FAQ