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26 Results for Tag: annuity

Years Certain Annuity

Years Certain Annuity What is 'Years Certain Annuity' An insurance product that pays the holder a monthly income for a specified number of years. A years certain annuity is similar to othe

Immediate Payment Annuity

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 and in exchange, pays

Immediate Beneficiary

Immediate Beneficiary What is 'Immediate Beneficiary' A beneficiary designation most commonly used in charitable gift planning to describe which parties get an immediate benefit from a tra

Annuity

AnnuityAn annuity can be best defined as a financial product which is exclusively designed and offered by insurance companies to help individuals grow funds. In other words, it is developed

Charitable Remainder Trust

DefinitionA charitable trust is an irrevocable trust established for charitable purposes and, in some jurisdictions, a more specific term than "charitable organization". A charitable trust e

Qualifying Annuity

Qualifying Annuity What is 'Qualifying Annuity' This type of annuity is similar to any other, except that it has been approved by the IRS for use within a Qualfied Retirement Plan or IRA.

Qualified Pre-Retirement Survivor Annuity (QPSA)

Qualified Pre-Retirement Survivor Annuity (QPSA) What is 'Qualified Pre-Retirement Survivor Annuity - QPSA' A death benefit that is paid to the surviving spouse of a deceased employee. If

Qualified Retirement Plan

Qualified Retirement Plan What is a 'Qualified Retirement Plan' A type of retirement plan established by an employer for the benefit of the company’s employees. Qualified retirement plan

Qualified Annuity

Qualified Annuity What is a 'Qualified Annuity' A qualified annuity is a financial product that accepts and grows funds, and is funded with pre-tax dollars. "Qualified" is a descriptor giv

Qualified Personal Residence Trust (QPRT )

Qualified Personal Residence Trust (QPRT ) What is 'Qualified Personal Residence Trust – QPRT ' A specific type of trust that allows its creator to remove a personal home from his or her
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