Lifetime income on annuities.
Lincoln Lincoln, city and district, England
Lincoln, city (1991 pop. 79,980) and district, Lincolnshire, E England, in the Parts of Kesteven, on the Witham River. Benefit Life Co., part of the Allstate Group, is now
offering a lifetime income benefit without charge on most existing
Saver's Index Annuity annuity: see insurance.
annuity
Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. Plus and Saver's Index Annuity Premier
products. The feature promises an annual payment to a policyholder Policyholder
An individual who owns an insurance policy. for a
lifetime, even if the account value declines to zero.
COPYRIGHT 2007 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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