Tag: lifetime

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...
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...

Canada Education Savings Grant (CESG)

What is 'Canada Education Savings Grant - CESG' A grant from the Government of Canada paid directly into a beneficiary's Registered Education...

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...
Qualified Terminable Interest Property,

Qualified Terminable Interest Property (QTIP) Trust

What is a Qualified Terminable Interest Property (QTIP)? A Qualified Terminable Interest Property, or QTIP, is a type of trust that provides income to a...

Family Income Rider

What is 'Family Income Rider' An addition to a life insurance policy that provides the beneficiary with an amount of money equal...

Generation-Skipping Trust

What is a 'Generation-Skipping Trust' A generation-skipping trust is a type of legally binding trust agreement in which the contributed assets are...

Generation-Skipping Transfer Tax (GSTT)

What is 'Generation-Skipping Transfer Tax - GSTT' A tax incurred when there is a transfer of property by gift or inheritance to...
Qualified Joint and Survivor Annuity

Qualified Joint And Survivor Annuity (QJSA)

What is 'Qualified Joint And Survivor Annuity - QJSA' An annuity payment from a qualified plan or 403(b) account that provides a life annuity to...

Joint Life With Last Survivor Annuity

What is 'Joint Life With Last Survivor Annuity' An insurance product that, when annuitized, makes payments to the annuitant, the annuitant and...

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