annuities
Regular retirement payments
Annuities are financial products that provide regular payments over time, typically used for retirement income.
You pay a lump sum or series of payments to an insurance company, which then pays you back in installments—monthly, quarterly, or annually—often for the rest of your life.
She converted her savings into an annuity to guarantee income after retirement.
Annuities come in many varieties: fixed annuities pay a set amount, while variable annuities fluctuate with investments.
Retiree's ongoing benefit
- employer-sponsoredFunded by one's workplace
- vestingGaining full ownership
- retireeOne who left work
- decumulationAsset withdrawal over time
tax-deferred · IRA · 401k · rollover · qualified · non-qualified · pensioner · drawdown
Adopted principle of action
- premiumAdded cost for better
- beneficiaryDesignated asset receiver
- payoutMoney distributed to recipient
- surrenderCease resistance, yield
deferred · immediate · variable · fixed · indexed · rider · accumulation · annuitization
Money given for obligations
- disbursementDistribution of funds
- monthlyOccurring each lunar cycle
- periodicOccurring at intervals
- lifetimeDuration of existence
stream · installments · distribution · withdrawal · systematic · perpetuity
Chief school administrator
- growthIncrease in size
- returnsProfits from investments
- creditingAssigning recognition to someone
- subaccountsSubsidiary financial divisions
fees · expenses · bonus · cap · floor · spread · portfolio · allocation
Entity providing financial protection
- actuarialOf risk calculation
- mortalityState of eventual death
- guaranteesPromises ensuring specific outcomes
- solvencyCapacity to pay debts
reserves · regulation · ratings · fiduciary · disclosure · suitability · commission · agent
pension
Retiree's ongoing benefit
- employer-sponsoredFunded by one's workplace
- vestingGaining full ownership
- retireeOne who left work
decumulation · tax-deferred · IRA · 401k · rollover · qualified · non-qualified · pensioner · drawdown
policy
Adopted principle of action
- premiumAdded cost for better
- beneficiaryDesignated asset receiver
- payoutMoney distributed to recipient
surrender · deferred · immediate · variable · fixed · indexed · rider · accumulation · annuitization · exclusion
payments
Money given for obligations
- disbursementDistribution of funds
- monthlyOccurring each lunar cycle
- periodicOccurring at intervals
lifetime · stream · installments · distribution · withdrawal · systematic · perpetuity
principal
Chief school administrator
subaccounts · fees · expenses · bonus · cap · floor · spread · portfolio · allocation · diversification
insurer
Entity providing financial protection
- actuarialOf risk calculation
- mortalityState of eventual death
- guaranteesPromises ensuring specific outcomes
solvency · reserves · regulation · ratings · fiduciary · disclosure · suitability · commission · agent · broker
- investingstocks, stock, bonds, investing, investor
- welfarewelfare, welfare reform, welfare system, SNAP benefits, public assistance
- assetsproperty, cash, money, investments, bank accounts
- personal financesavings, income, credit, investments, bills
- retirementretirement, retire, retirement age, retirees, retirement income
- incomesalary, earnings, income, wages, pay
annuitieslump sum
Entire amount at once
lump-sum payment · single payment · balloon payment · buyout · windfall
annuitiesstocks
Ownership stakes or inventory
equities · growth stocks · venture capital · cryptocurrency · derivatives
annuitiesliquid assets
Easily convertible wealth
cash · money market accounts · savings accounts · checking accounts
annual, perennial, biannual, annuity, centennial, semiannual, millennial, superannuated, annalist