Split Annuity | Insurance Glossary

Definition of "Split annuity"

Judy Griffin

Keller Williams

Division of a sum of money between a deferred annuity and an immediate life annuity certain.

Mortgage loan secured by real estate that already has a first mortgage. In case of default, the clai ...

Agreement by the insurance company to keep the universal life insurance policy in force, even if the ...

Transit over land. ...

One of the parties is unable to satisfy the conditions of the purchase and sale contract. ...

Also called profit and loss statement. A financial statement depicting a business entity's operating ...

Type of inland marine insurance used to provide coverage for domesticated animals, including poultry ...

A limit on an adjustable-rate mortgage. ...

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after ex ...

The process of paying off a loan balance. As you make payments, a certain amount is applied to the p ...

A convertible ARM is an adjustable- rate mortgage (ARM) that can be converted into a fixed rate mort ...

A mortgage is a legal document that pledges your property as security (like collateral) for a loan. ...

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