Single Premium Immediate Annuity

Definition of "Single premium immediate annuity"

Immediate annuity under which one premium payment is made and the annuity is paid up (no further premium payments are required).

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

Search Real Estate Terms

Popular Real Estate Terms

Structured Settlement Annuity

Single premium immediate annuity purchased to fund a structured settlement. This product is purchased when the injured party (the plaintiff) wishes to ...

Income

All sources of cash flow, usually stated on an annual basis. ...

Capacity

Maximum that an insurance company can underwrite. The limits of coverage that a property and casualty company can underwrite are determined by its ret ...

Accidental Death Insurance

Coverage in the event of death due to accident, usually in combination with dismemberment insurance. If death is due to accident, payment is made to t ...

Bond

Form of suretyship. For example, fidelity bonds reimburse an employer for financial loss resulting from dishonest acts of employees. ...

Convention Values

Monetary sums attached to an insurance company's assets, as listed on the annual statement. ...

Popular Real Estate FAQ

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 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 ...

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 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 ...

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 ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate? The Ugly Truth About Open Houses

FAQ

What is an interest rate? What is the APR for This ARM Loan? What are comparables or comps? What is a housing ratio? What is a CD?