An annuity that issues a refund to the named beneficiary should the annuitant die before benefits amounting to the same total he or she paid on the policy are drawn.
Related information about refund annuity:
- Refund Annuity - Financial Dictionary - The Free Dictionary
An annuity that makes fixed payments to the annuitant throughout his/her life, but, more importantly, guarantees the return of the original amount paid into the ...
- Cash Refund Annuity Definition | Investopedia
A cash refund annuity has a provision which stipulates that if the annuitant passes away before the annuity payments received equal the annuity payments made ...
- What is refund annuity? definition and meaning
Definition of refund annuity: Annuity under which all paid premiums are returned ( usually with interest) to a beneficiary in case the annuitant dies before annuity ...
- Refund Annuity: Definition from Answers.com
also called life income with refund annuity , a contract that guarantees payments equal to the premiums paid, even if the annuitant dies.
- Refund Annuity
A refund annuity is one of the most-sought after annuity options. However, in some instances, there is the possibility that an annuity may not be refunded before ...
- What Is a Refund Annuity? | eHow.com
What Is a Refund Annuity?. Life insurance companies offer a variety of products that guarantee you an income during your lifetime. These products are called ...
- Refund annuity - Merriam-Webster Online
an annuity payable until annuitant's death when if total payments have not equalled all or a stated part of the purchase price the difference is paid to the ...
- What is CASH REFUND ANNUITY? - The Law Dictionary
Definition of CASH REFUND ANNUITY: Annuity contract for paying to a designated beneficiary the difference of the cash paid into the annuity versus the amount ...