Tag: receive

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...

Immediate Beneficiary

Immediate Beneficiary What is 'Immediate Beneficiary' A beneficiary designation most commonly used in charitable gift planning to describe which parties get an...

Named Beneficiary

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

Absolute Beneficiary

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

Accelerated Vesting

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

Accelerated Death Benefit (ADB)

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

Accelerated Benefits

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

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

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

Call Swaption

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

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