Tag: receive

Immediate Payment Annuity

What is an 'Immediate Payment Annuity' An immediate payment annuity is an annuity contract that is purchased with a single lump-sum payment...
immediate beneficiary

Immediate Beneficiary

What is an immediate beneficiary An immediate beneficiary is a person or entity who receives benefits from a trust or other financial arrangement immediately, as...

Named Beneficiary

What is 'Named Beneficiary' This term refers to any beneficiary named in a will, a trust, an insurance policy, pension plan accounts,...

Absolute Beneficiary

What is 'Absolute Beneficiary' A designation of a beneficiary that can not be changed without the written consent of that beneficiary. Also...

Accelerated Vesting

What is 'Accelerated Vesting' A form of vesting that takes place at a faster rate than the initial vesting schedule in a...

Accelerated Death Benefit (ADB)

What is an 'Accelerated Death Benefit - ADB' An accelerated death benefit (ADB) is a benefit that can be attached to a...

Accelerated Benefits

What is 'Accelerated Benefits' A clause in certain life insurance policies that enables the policy holder to receive the benefits before death....

Ramani Ayer

DefinitionRamani Ayer is an Indian-American business executive, and the CEO and chairman of The Hartford from 1997 to 2009. Ramani Ayer What is...
Charitable Remainder Trust

Charitable Remainder Trust

What is a Charitable Remainder Trust A Charitable Remainder Trust, or CRT, is a type of trust that allows the settlor (the person establishing the...

Call Swaption

What is 'Call Swaption' A type of option between two parties that can be exercised on a swap where the buyer of...

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