Single Premium Group Annuity
Definition of "Single premium group annuity"
One premium payment made to fund the future benefits of a group of employees.
Popular Insurance Terms
Rating method for commercial fire insurance according to a predetermined schedule. Published by A. F. Dean in 1902, this method was the first comprehensive qualitative analysis procedure to ...
Maximum that an insurance company can underwrite. The limits of coverage that a property and casualty company can underwrite are determined by its retained earnings and invested capital. ...
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Endowment period of time, in life insurance, at which the face amount of the policy is payable to the insured. ...
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